Verifone Exceeds 150,000 POS Systems Sold Under Mexico’s Terminalization Program
The Number Reflects the Effort to Modernize the Mexican Economy
November 13, 2006
Mexico City, Mexico
Mexico City, Mexico - November 13, 2006 - Verifone Holdings, Inc. (NYSE: PAY; TASE: PAY) announced today the delivery of its 150,000th payment solution for Mexico’s terminalization program. This program is coordinated by FIMPE (Fund of Infrastructure of Electronic Payments) which sponsors a series of actions aiming to promote the usage of electronic payments under the name “Boletazo,” such as sweepstakes to encourage bank card usage among cardholders as well as a nationwide program to provide POS systems to small businesses. Verifone’s deliveries exceed the number of merchants that accepted electronic payments prior to FIMPE’s efforts.
Due to the efforts of FIMPE and Verifone – its primary supplier of payment solutions -- both the number of POS transactions and total sales volume at POS increased 49% during 2005. This trend continues in 2006: transactions at POS during the first half of the year increased 133% compared to the same period in 2003, according to recent numbers of the Banco de Mexico, Mexico’s Central Bank.
Mexican consumers and merchants are changing and evolving day by day with the support of leading technology companies like Verifone and ambitious programs such as Boletazo. Thanks to this program, small-to-medium size businesses have been brought into the 21st century with state of the art payment solutions by just dialing a toll-free number to request a POS device. Verifone has contributed by providing and installing these solutions in all sorts of businesses, from public markets to drugstores, to grocery stores and virtually every business category.
"If a merchant doesn’t accept credit or debit card payment he can be passing up almost 30 percent of their actual total sales potential,” said Fernando Lopez, Verifone vice president and general manager Latin America and the Caribbean. “A merchant who provides different payment options to customers is providing increased security to his customers and growing his business.”
“Boletazo provides small businesses access to technology previously limited to larger sized firms. This way, small businesses can offer better service to a larger clientele and are brought closer to the wide array of financial products offered by banks,” said Roberto Isaac Rodríguez, General Director and Coordinator of the FIMPE.
About FIMPE (www.boletazo.com)
FIMPE is a non-profit private fund formed by financial institutions to promote and extend the benefits of access to the electronic payments network to small-to-medium size businesses, and to foster the culture of electronic payments among merchants and consumers.
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.