Chase Paymentech Solutions Launches the Verifone Vx 510
New Competitive Entry Point POS Solution for the Canadian Marketplace
January 28, 2006
Toronto, Canada - March 28, 2006 - Chase Paymentech Solutions, the world’s leading payment processor, is pleased to announce the release of the Verifone Vx 510. This payment solution will appeal to smaller Canadian retail and restaurant merchants who require a compact and lightweight point-of-sale dial terminal.
The Vx 510 is a member of Vx Solutions, Verifone’s next-generation payment systems family that incorporates a faster 32-bit processor, high security and consistent user interface. Incorporating a built-in thermal printer with drop-in paper loading, the payment system features a bright backlit display, ATM-style interface and on-screen prompts.
This solution efficiently processes all major credit and Interac debit payments, and supports Chase Paymentech’s electronic gift card program, FlexCache. The Vx 510 countertop payment system, supported by the external SC5000 PIN Pad, provides extraordinary electronic payment options using Chase Paymentech’s superior communication methods. It is part of a new generation of Verifone solutions, offering future Chip enabled capability for the Canadian marketplace.
"The Vx 510 provides our merchant customers with a dynamic new entry point payment solution that will meet future needs as the Canadian payment system adopts EMV, the future Chip standard," said Ross Haider, Corporate Executive, Business Development, Chase Paymentech Solutions. "With the new Verifone payment solution, Canadian merchants can take advantage of the competitively priced terminal without compromising their business needs." The system's advanced processor provides fast processing and multi-tasking capabilities suited to data-intensive processing.
"We look forward to working with Chase Paymentech and helping Canadian merchants with their payment processing requirements," said Jesse Adams, Verifone Executive Vice President, North America. "The Vx 510 provides a stylish payment solution that will reduce countertop clutter."
About Chase Paymentech Solutions
(www.chasepaymentech.ca) In Canada, Chase Paymentech Solutions is headquartered in Toronto, Ontario and is an affiliate of Chase Paymentech Solutions, LLC. As a leading payment processor and a single source for debit and all major credit cards, the company offers a full suite of advanced payment solutions, including point-of-sale and wireless terminals, an electronic gift card program and secure e-commerce capabilities.
Chase Paymentech Solutions, LLC, headquartered in Dallas, Texas, will be the world's largest financial transaction processor for businesses accepting payments via traditional point-of-sale, hospitality, Internet, catalogue and recurring billing. The privately held company is an end-to-end processor for merchants of all sizes and industries and is a result of the 2005 integration of the former Paymentech and Chase Merchant Services. The integrated companies will process approximately 15.1 billion transactions annually, with more than $550 billion in annual bankcard volume in both the United States and Canada.
About Verifone Holdings, Inc.
Verifone Holdings, Inc. (“Verifone”) (NYSE: PAY), a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. Verifone delivers solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. Verifone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and healthcare.