GetNet Tecnologia Places $15 Million Order for Verifone Vx Solutions
Payment Systems to Strengthen GetNet’s Network for Value-Added Transactions
October 19, 2006
San Jose, CA
San Jose, CA - October 19, 2006 - Verifone Holdings, Inc. (NYSE: PAY) today announced that GetNet Tecnologia, a Brazilian network services provider, has awarded Verifone with an order for Vx Solutions payment systems valued at more than $15 million.
GetNet has been a prime user of Verifone’s state-of-the-art management and IP technologies. Under this new agreement, GetNet is expanding its network by using selected models of the Vx Solutions family, including the Vx 510 in both dial and LAN configurations and the Vx 610 with GPRS connectivity. GetNet has begun the initial deployment of these units, and is supported by Skytef, a Verifone International Partner.
“Verifone do Brasil doubled its size from 2005 to 2006 due to our partnership with vertical players such as GetNet,” said Heman Molina, General Manager of Verifone’s Brazil operations. “This is a tremendous win for Verifone based on the ability of Vx Solutions to fit with GetNet’s growth strategy to become the largest processor of electronic transactions in Latin America by 2010.”
GetNet provides services for companies such as card issuers and processors, petro distributors, banks, utility companies, and telco top-up distributors, among others, acquiring transactions for private label, credit and debit, check authorization, telco top-up, utility and bill payment, fleet card, and others.
“Verifone’s Vx Solutions represent an advanced multiapplication platform that will enable GetNet to provide our customers with comprehensive payment capabilities to meet all consumer needs, from purchase of goods to payment of utilities,” said José Renato Hopf, GetNet’s CEO. “Vx Solutions provides us with the ability to deploy the same applications over varying models of a unified product family.”
Vx Solutions delivers a complete portfolio of solutions across all vertical markets in a variety of configurations from fixed to transportable to handheld. It leverages the Verix platform, enabling customers and partners to deploy hardware, software, and off-the-shelf peripherals for mission critical transactions that open up new market opportunities.
GetNet Tecnologia is the fourth largest acquirer in Brazil, and it sells directly to merchants. With its presence in more than 68,000 establishments and 2,900 cities throughout the country, it has the ability to share its network and extend it with value-added applications. GetNet operates from its headquarters in Campo Bom/RS, and has 12 remote branches in the main capitals.
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.