New York - January 16, 2006 -Verifone Holdings, Inc. (NYSE: PAY), announced today that Wakefern Food Corporation is implementing a pilot of the Verifone VisualPayments Signature Solutions software. Wakefern is the distribution arm of ShopRite supermarkets, which has stores located in five states serving 4 million customers each week.
Wakefern, which is completing implementation of the Verifone Omni 7000MPD customer-facing payment system in more than 4,000 checkout lanes, will evaluate the server-based VisualPayments Signature Solution with the goal of implementing system wide in 2006.
"We are eager to evaluate the potential of VisualPayments Signature Solutions to complement Verifone's Omni 7000, which we are implementing chain-wide at ShopRite," said Alan Aront, Wakefern’s vice president, Information Systems. "As the nation's largest retailer-owned cooperative, we are constantly evaluating technology that will help our members serve their customers more productively and efficiently."
Wakefern is headquartered in Elizabeth, New Jersey, and operates three million square feet of warehousing. More than 40,000 people are employed by Wakefern and the 190 ShopRite stores in New Jersey, New York, Connecticut, Pennsylvania and Delaware.
"Wakefern is renowned for innovation in the grocery industry and we are eager to demonstrate the value of VisualPayments Signature Solutions for managing electronic signature capture, archiving, retrieval, and dispute management," said Bud Waller, Verifone executive vice president, Integrated Solutions.
VisualPayments Signature Solutions includes a web-based user interface for retrieving signature transaction files, optional reporting and auditing of disputes, and a streamlined dispute resolution process to speed chargeback investigations. The Omni 7000MPD was the payment industry's first modular payment device, supporting debit, credit, signature capture, smart cards, contactless, and USB and Ethernet connectivity. Additional Resources:
www.verifone.com/visualpayments About Wakefern
From a small, struggling cooperative with eight members – all owners of their own grocery stores – Wakefern Food Corporation has grown into the largest retailer-owned cooperative in the United States and one of the largest employers in New Jersey. The cooperative is comprised of 44 members who individually own and operate supermarkets under the ShopRite banner. Today, Wakefern, the merchandising and distribution arm of the company, and the nearly 200 ShopRite stores located throughout New Jersey, New York, Connecticut, Pennsylvania and Delaware, employ more than 40,000 people. A long time supporter of key community efforts, ShopRite was named the New Jersey Corporate Philanthropist of the Year by the Community Foundation of New Jersey. America’s Second Harvest recognized ShopRite as the Grocery Distributor of the year for its ShopRite Partners In Caring program, a year-round initiative dedicated to fighting hunger in the communities served by ShopRite stores. Since its inception in 1999, ShopRite Partners In Caring has donated more than $11 million to over 1,000 worthy charities.
For additional information about ShopRite, visit o www.shoprite.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.