Radiant Systems to Offer Verifone Mobile Payment Processing Solution
Integrated solution heightens data security and strengthens customer service capabilities
November 06, 2006
Atlanta, GA - November 6, 2006 - Expanding its line of innovative technology for the hospitality industry, Radiant Systems, Inc. (NASDAQ: RADS) announces an agreement with payment systems leader Verifone Holdings, Inc. (NYSE: PAY; TASE) to offer Verifone’s ON THE SPOT mobile electronic payment systems with Radiant’s Aloha Point-of-Sale (POS) systems to restaurant operators in North America. The fully integrated payment solution will allow operators to improve the customer experience, enhance efficiency and increase card holder data security across key service points, including table, carside and delivery.
Verifone’s ON THE SPOT solutions feature the Vx 670, the industry’s smallest all-in-one handheld secure payment device designed specifically for customer-facing operation in the restaurant and hospitality environment. Verifone will work with Radiant sales and its channel partners to market these new restaurant solutions.
“Today’s restaurant operators face intense pressure to improve customer service levels and operational efficiency while meeting ever-increasing security requirements for card holder data,” said Scott Kingsfield, chief marketing officer at Radiant Systems. “As our customers seek solutions to these challenges, they are exhibiting growing interest in technologies that enable table- and curb-side payment. Combining the Aloha and Verifone solutions, Radiant is now positioned to offer a compelling option for mobile payment that addresses our customers’ needs in an innovative way.”
This integrated solution brings with it many potential benefits for the restaurant operator. Customer service, speed and restaurant efficiency are enhanced as servers can close checks and process transactions at the customer’s table or car without making separate trips to the POS to print checks and run credit cards.
“Integrating our ON THE SPOT solutions with Aloha provides a great value for restaurant operators, who can improve guest satisfaction and streamline their operations by taking advantage of pay-at-table and curbside payment functionality,” says Paul Rasori, Verifone vice president of marketing. “Utilizing the Vx 670 with Aloha POS also allows restaurant operators improved access to critical business data through Aloha’s reporting features.”
The Radiant and Verifone solution increases card data security because the credit card remains in the customer’s sight throughout the entire transaction. Due to the seamless integration of the Aloha and Verifone solutions, operators can leverage the consolidated batch reporting and consolidated sales reporting features of the Aloha POS to streamline back-office processes related to credit card transactions.
About Radiant Systems, Inc.
Radiant Systems, Inc. is a leader in providing innovative technology to the hospitality and retail industries. Offering unmatched reliability and ease of use, Radiant's hardware and software products have been deployed in over 60,000 sites across more than 100 countries. Radiant has approximately 1000 employees worldwide, 325 certified sales and service partners and over 1800 field service representatives. Founded in 1985, the company is headquartered in Atlanta with regional offices throughout the United States as well as in Europe, Asia and Australia.
About Verifone Holdings, Inc.
Verifone Holdings, Inc. (“Verifone”) (NYSE: PAY; TASE: 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.
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