Verifone's MX870 Achieves PCI PED Security Approval
First Touchscreen PIN Entry System to Meet Requirements
January 16, 2006
New York - January 16, 2006 -(NRF, Booth # 2055) – Verifone Holdings, Inc. (NYSE: PAY), announced today that its MX870 multimedia payment system has achieved PCI PED approval. The MX870 is the first touchscreen POS payment system to meet the requirements established by Visa International and MasterCard International to ensure that PIN-based payment transactions meet the highest level of security.
The PCI PED (Payment Card Industry -- PIN Entry Device) designation certifies that the physical and logical security of the MX870 was validated by an independent test organization recognized by Visa and MasterCard. Additionally, Verifone meets stringent requirements to protect against unauthorized modification of the MX870.
"PCI PED approval ensures that retailers are able to meet the highest security standards as they update their checkout lanes with the MX870 and take advantage of its ability to create brand awareness, reinforce advertising, and deliver cross-promotions with video, digital sounds, animations, and targeted messages," said Paul Rasori, Verifone vice president of marketing and product management.
The MX870 is a secure payment device and multimedia delivery platform in a single, customer-facing networking appliance with advanced USB and Ethernet connectivity. The modular MX870 provides the ideal platform for a variety of value-added applications and services and enables consumers to pay their way with time-tested magnetic-stripe and touch technology as well as contactless and EMV smart card payment cards, all meeting the industry’s latest security standards.
The MX870 combines full-motion video, a vibrant 65,536-colour display, and high quality digital sound to deliver unprecedented digital signage opportunities for branding, promotion and advertising at the Point of Sale. MX870 combines a secure payment solution and multimedia delivery platform in a single networking appliance. It is also being utilized by Verifone Transportation Systems (VTS) as a component of a taxi on-board management system to provide an interface for fleet management, dispatch, scheduling, messaging, GPS navigation, customer reporting, and other functions.
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.