North American Bancorp Opts for Verifone Vx 570
Multimillion Dollar Win for Verifone’s Newest Countertop Payment Solution
September 05, 2006
San Jose, CA
San Jose, CA - September 5, 2006 - Verifone Holdings, Inc. (NYSE: PAY) today announced it has received a multimillion dollar order to provide North American Bancard with several thousand Verifone Vx 570 payment solutions.
Headquartered in Troy, Michigan, North American Bancard is one of the largest U.S. MSP/ISOs (Merchant Service Provider/Independent Sales Organizations) and provides innovative payment solutions and processing services for a wide array of companies from retailers and wholesalers, to mail-order and on-line merchants.
“Verifone’s Vx 570 enables North American Bancard to serve our broad range of customers and ensure that small retailers receive the same technology benefits as the largest, but at prices they can afford,” said North American Bancard President Marc Gardner. “Verifone has won us over with its superior product and the benefits it will provide our customers.”
The Verifone Vx 570 combines superior speed and power to offer exceptional payment processing, plus increased memory to support a wide range of value-added applications. The Vx 570 is the successor to the Verifone Omni 3750 and provides merchants with maximum flexibility, superior speed and high performance, in addition to compatibility with existing applications. It is ideally suited to North American Bancard’s complete suite of payment processing applications and provides an ideal migration path both for existing users of the Omni 3750 and others who want a powerful countertop payment solution.
“The North American Bancorp contract is a tremendous competitive win for Verifone and reflects the increasing market traction for our premier countertop payment solution,” said Jesse Adams, Verifone executive vice president, North America Sales.
The Vx 570 is a member of Verifone’s Vx Solutions family, which delivers a complete portfolio of solutions across all vertical markets. It provides one platform of devices, software, and programs that delivers the same user interface across multiple form factors.
About North American Bancard
Headquartered in Troy, Michigan, North American Bancard is a multi-faceted payment solutions provider dedicated to providing the latest technology, as well as committing to the highest service levels. As a registered MSP/ISO since 1992, North American Bancard provides its more than 20,000 clients with a full suite of products and services including Credit, Debit, EBT, Check Conversion and Guarantee, Checks by Phone and Net, ATM, Gift and Loyalty Cards and Online Payment Gateway solutions. For more information, visit www.nabancard.com.
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.