Verifone Announces Contactless Card Reader at CARTES 2006
Contactless Enters Mainstream with External Reader from Leading Payment Solutions Provider; Eases Merchant Adoption
November 07, 2006
Paris, France - November 7, 2006 - (CARTES 2006, Booth 4 L 014) – Verifone Holdings, Inc. (NYSE: PAY; TASE: PAY) today announced an external contactless card acceptance device. The new QX100 from the leading payment solutions provider offers a cost-effective migration path for merchants to adopt the increasingly popular “tap and pay” payment technology now being offered by major banks.
Based on successful, field-proven payment solutions technology, the QX100 is a fully programmable contactless card reader utilizing a high performance, 32-bit ARM processor. The QX100 is capable of high speed encryption using modern encryption algorithms and utilizes downloadable software to meet evolving contactless card payment security specifications.
“We believe that acquirers, ISOs and merchants will view Verifone’s introduction of the QX100 as evidence that contactless has entered the mainstream,” said Paul Rasori, Verifone vice president of Global Product Marketing. “With Visa, MasterCard and American Express each aggressively promoting contactless payment cards and fobs to consumers, we believe merchants are ready to adopt the technology if they can obtain systems from trusted leaders who have demonstrated the ability to meet the most stringent security requirements.”
The versatile QX100 can be easily connected to existing POS devices and electronic cash registers via RS-232 or USB interface. Designed to meet MasterCard PayPass and Visa specifications for magnetic stripe and chip applications, the QX100 provides state-of-the-art contactless functionality. The stylish, robust reader can be freestanding or mounted and features four standard inclination angles and a large landing zone for consumer ease of use.
The QX100 is being released for evaluation testing now and is expected to receive initial approvals by the end of the year.
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.