RBS Lynk Awards $7 Million Contract to Verifone
April 17, 2006
San Jose, CA
San Jose, CA - April 17, 2006 - Verifone Holdings, Inc. (NYSE: PAY), today announced it has been awarded a $7 million contract from RBS Lynk to provide payment solution systems and connectivity services for resale to U.S. merchants.
The annual contract includes countertop and wireless systems in both the Omni 3700 and Vx Solutions product families, the consumer-facing Omni 7000 series that is popular in multilane retail stores, as well as pin pads. The contract also includes the unique Verifone Connect all-inclusive service for portable and wireless connectivity at the point-of-sale that includes wireless activations and monthly service, deployment, help desk support and asset management and billing.
“Verifone has consistently provided the products, services and support systems that enable us to deliver the innovative and value-added solutions and services our customers require,” said Tom Konz, RBS Lynk senior vice president of marketing. “RBS Lynk has earned a reputation for delivering reliable, high-quality and cost effective payment solutions and Verifone has been a valued partner in that effort.”
Verifone systems and solutions have delivered the speed, convenience and security of electronic payment to millions of businesses worldwide for more than two decades. The company offers a comprehensive range of secure electronic payment system solutions.
“Verifone and RBS Lynk are partners in innovation, working hand-in-hand to provide merchants with payment solutions that enhance profitability and improve customer service,” said Jesse Adams, Verifone executive vice president, North America Sales. “We’re thrilled to continue this partnership under the terms of the new contract.”
Vx Solutions is a complete line of hardware and software solutions based on a single platform and powered by a 32-bit ARM9 microprocessor for high performance and high security. The Omni 3700 product family has been adopted by merchants worldwide and has spurred development of scores of value-added applications. The Omni 7000 product line represents the most comprehensive family of consumer-facing payment solutions, from basic debit and credit acceptance to advanced functions such as signature capture, graphical user interface, contactless reader, and high-speed network connectivity.
About RBS Lynk
RBS Lynk is a leading, single-source provider of electronic payment processing services - including credit, debit, EBT, checks, gift cards, e-commerce, customer loyalty cards, fleet cards, prepaid cards, ATM processing and cash management services. The U.S. payment processing division of the Royal Bank of Scotland Group, RBS Lynk is a non-bank subsidiary of Citizens Financial Group. For more information, please visit www.rbslynk.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.