Verifone Wireless Payment System Implemented by e-pay New Zealand for Progressive Enterprises
Utilizing GPRS Connectivity, Company Deploys V<span class="super">x</span> 610 at Foodtown, Woolworths and Countdown Supermarkets, New Zealand
December 04, 2006
San Jose, CA
San Jose, CA - December 4, 2006 - Verifone Holdings, Inc. (NYSE: PAY) announced that its Vx 610 wireless solution has been implemented in eight Progressive Enterprises supermarkets in New Zealand by e-pay New Zealand Ltd.
Progressive Enterprises, a subsidiary of the Australian company, Woolworths Limited, operates the Foodtown, Woolworths and Countdown supermarket chains in New Zealand and has installed systems in stores under each of these banners based in Auckland City, Chartwell, Mairangi Bay, Queensgate, Sylvia Park, St. James Park, Levin and Hastings. The Vx 610 system utilizes the GPRS cellular data service to connect with processors over high-speed wireless connections.
“Progressive Enterprises is demonstrating the utility and ease of operation that wireless-based payment solutions provide,” said Lazy Yanay, Verifone Asia managing director. “Wireless payment makes it possible to set up payment quickly, at low cost, and wherever it is needed.”
The Progressive Enterprises stores are using the systems for the electronic distribution of prepaid vouchers with e-pay. e-pay is a subsidiary of Euronet Worldwide (Nasdaq: EEFT), a global leader in electronic prepaid processing, or top-up services, for prepaid mobile airtime. The first Vx 610 installed in New Zealand successfully connected to the e-pay host and was set up in less than one-third the time it would take to do so over a dialup connection.
Verifone’s Vx 610 is a portable, battery-powered payment device with a sleek, compact design. It can be configured with wireless connectivity modules for GPRS, Wi-Fi or CDMA. The solution is ideal for merchants who need to offer payment on the go, or in a temporary location. It can be used in outdoor markets, for delivery service, and for instantly adding an extra lane during peak business hours.
About Progressive Enterprises Limited
Progressive Enterprises Limited holds approximately 45% of the New Zealand grocery market and operates the Foodtown, Woolworths and Countdown supermarket banner groups. Progressive is also the franchise co-ordinator for the FreshChoice and SuperValue banner groups. Wholesaling is conducted through The Supply Chain.
Progressive employs some 18,000 people nationwide within 150 supermarkets trading under the Countdown, Foodtown and Woolworths banners, 22 Woolworths Quickstop and Micro convenience stores, several meat processing plants, warehouse operations and support offices. Progressive is also the franchise co-ordinator for the FreshChoice and SuperValue franchise banner groups. Stores and warehouses are open 7 days a week - there are only three and a half days a year when stores are not open - and some stores trade 7 days a week, 24 hours a day.
About e-pay. (www.epayaust.com.au)
e-pay, a Euronet Worldwide (Nasdaq: EEFT) subsidiary, is a leading electronic payments processor of prepaid mobile airtime top-up services in the U.K., Australia and New Zealand. The Company also has prepaid operations in Poland, Ireland and Malaysia. Founded in 1999, e-pay, focuses on cash-based recharge, or the "top-up" market for processing electronic purchases of prepaid mobile airtime and other prepaid products. The Company launched its New Zealand subsidiary, e-pay New Zealand Limited, operations in March 2003.
Euronet Worldwide is an industry leader in processing secure electronic financial transactions. Euronet is one of the largest providers of prepaid processing, or top-up services, for prepaid mobile airtime. Euronet also operates and services the largest pan-European group of ATMs and operates the largest Indian shared ATM network. The Company is a licensed electronic money transmitter and bill payment company via Euronet Payments and Remittance, Inc. The Company has processing centers located in the U.S., Europe and Asia, and processes electronic top-up transactions at more than 265,000 point-of-sale terminals across approximately 157,000 retailers in Europe, Asia Pacific, Africa and the U.S. With corporate headquarters in Leawood, Kansas, USA, and 26 worldwide offices, Euronet serves clients in more than 80 countries. Visit the Company's web site at www.euronetworldwide.com.
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.