Global Cash Access Chooses Verifone Wireless Payment Solutions for Macau Gaming Industry
Verifone’s Vx 610 and Vx 670 Systems Ideal Platform for Convenient Consumer Cash Authorization in Asia’s Booming Casino Center
December 20, 2006
San Jose, CA
San Jose, CA - December 20, 2006 - Verifone Holdings, Inc. (NYSE: PAY) announced today that its wireless payment solutions have been selected by Global Cash Access, Inc. (GCA), as the portable cash authorization platform it will provide in Macau’s booming casinos and other locations worldwide.
GCA, a leading provider of cash access products and related services to the gaming industry, has been beta testing its portable cash authorization application in Atlantic City locations using Verifone’s Vx 610 portable powerhouse with Wi-Fi communications. GCA is completing development of the application for Verifone’s Vx 670, the industry’s smallest all-in-one payment solution.
“GCA’s cash authorization application reflects yet another innovative and creative use of Verifone’s payment solutions to change the way people pay in a wide range of activities that have traditionally been resistant to electronic transactions,” said William G. Atkinson, Verifone executive vice president, Payment Systems. “We’re very enthusiastic about the impact that GCA’s use of wireless payment authorization will have on the gaming industry.”
GCA recently announced its entrance into the Macau and Asia Pacific region with a commitment to deliver new technologies and products that result in more transactions, more cash on the casino floor and increased convenience for gaming patrons. Macau is often referred to as the Las Vegas of Asia, with an economy focused on tourism and gaming and related activities accounting for about one-third of economic activity.
“Verifone’s wireless systems will be a vital component of our consumer-facing QuikCash debit card and credit card cash advance transaction options,” said Omer Sattar, GCA senior vice president, Cash Advance Services. “The Vx 610 has performed admirably in rigorous real-world testing in Atlantic City locations and we’re anxious to adapt it to the Vx 670 so we can provide our casino customers more advanced and convenient payment authorization operations.”
The Vx 670 is the smallest all-in-one wireless handheld payment device designed for consumer-facing payment use in places such as restaurants, bars and stadiums, as well as delivery operations. The Vx 610 is a robust portable payment system that is available for use with Wi-Fi, CDMA, and GPRS.
About Global Cash Access, Inc.
Las Vegas-based Global Cash Access, Inc., a wholly-owned subsidiary of Global Cash Access Holdings, Inc. (NYSE: GCA - News), directly, or through its wholly-owned subsidiaries, is a leading provider of cash access products and related services to approximately 1,060 gaming properties and other clients in the United States, Continental Europe, the United Kingdom, Canada and the Caribbean. GCA's products and services provide gaming establishment patrons access to cash through a variety of methods, including ATM cash withdrawals, POS debit card transactions, credit card cash advances, check verification and warranty services and Western Union money transfers. GCA provides products and services that improve credit decision-making, automate cashier operations and enhance patron marketing activities for gaming establishments. With its proprietary database of gaming patron credit history and transaction data on millions of gaming patrons worldwide, GCA is recognized for successfully developing and deploying technological innovations that increase client profitability, operational efficiency and customer loyalty. More information is available at GCA’s web site at www.globalcashaccess.com
About Verifone Holdings, Inc.
Verifone Holdings, Inc. (“Verifone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. Verifone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. Verifone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.