Versatile Solution is EMV Smartcard Compliant and Ready for Mobile-Phone Initiated Payments
Paris, France - November 12, 2007 - (Cartes, Hall 3 Booth #G031) – Verifone Holdings, Inc. (NYSE: PAY) today announced the QX120, a contactless payment solution that supports all major contactless payment schemes, including those initiated from mobile phones using the emerging Near Field Communications, or NFC, standard. The new contactless peripheral offers merchants and banks an extremely cost-effective means to support any form of contactless payment whether presented via card, fob or NFC enabled mobile device.
The highly reliable, ultra thin QX120 can be easily connected to a stand alone payment device or integrated POS system to provide contactless acceptance capability quickly and cost-effectively. Versatile and stylish, the QX120 is designed to appeal to retailers and consumers alike, with a high-contrast white backlit LCD that displays the transaction amount and other messages to consumers.
“The QX 120 represents a step forward in terms of ease of use for consumers and cutting edge technology for retailers,” said Paul Rasori, Verifone vice president of global product marketing. “Banks and merchants who deploy this device for card based contactless payments today, are in effect laying down the infrastructure for the widespread adoption of mobile phone based payment solutions in the future."
The QX120 was designed to support the global contactless program specifications from American Express, MasterCard, Visa, Discover and JCB with virtually no changes to existing payment hardware or software.
The elegant design of the QX120, a large branding area and flexible mounting options suit any environment. The device can be used on the countertop or wall-mounted to reduce clutter and enhance ease of use.
Combining a high-performance, 32-bit microprocessor, advanced technology and a sophisticated, ergonomic design, the QX120 offers an ideal contactless solution for a wide range of payment and value-added applications. The QX120 is expected to be available by early spring, 2008.
About Verifone Holdings, Inc.
Verifone Holdings, Inc. (“Verifone”) (NYSE: 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.