Network International Rolls Out Industry-Leading Vx 670 GPRS System
San Jose, CA - April 03, 2007 - Verifone Holdings, Inc. (NYSE: PAY) today announced an agreement with Network International LLC, one of the leading credit card and payment services providers in the Gulf and Middle East region, to roll out the industry-leading and PCI compliant Verifone Vx 670 portable payment system.
Based in the United Arab Emirates, Network International is part of Emirates Bank Group, a leading payments solutions provider with a recognized presence among the region’s retail and financial institutions. The agreement is a further step in Verifone’s worldwide expansion, supporting its position as the global leader in secure, end-to-end electronic payment solutions.
Network International will deploy Verifone’s Vx 670 – the most advanced portable payment system on the market – to restaurants, clubs, hotels, shopping malls and high fashion retailers, utilizing GPRS communications. Network International will be supported by Verifone International Partner, Marshal, which has been deploying Verifone solutions in the Gulf for over 15 years.
Verifone’s Vx Solutions are currently being deployed for payment and value-added applications – including loyalty and electronic mobile top-up – in many countries across the Middle East region, including Saudi Arabia, Kuwait, Yemen, Egypt, Jordan, and other Gulf States.
“As a leading merchant acquirer in UAE, Network International understands its responsibility towards the retail community in the Emirate,” said Network International Chairman Abdulla Qassem. “We are proud to be associated with Verifone and are happy to endorse the Vx 670 to our valued retailers who can take advantage of its extended coverage area and increased flexibility of usage with GPRS wireless communication technology.”
Nigel Bidmead, managing director for Verifone EMEA added, “In order to support our market share growth in the Middle East, we will continue to deliver dynamic new products like the Vx 670 and strengthen strategic links with key regional solutions providers such as Network International.”
The Vx 670 is the latest addition to Verifone’s Vx Solutions. RoHS-compliant, its unique MAXui design has revolutionized all-in-one, handheld payment systems. Smaller and more compact than any of its competitors, it offers Wi-Fi and GPRS wireless options payment options, securely handling credit and PIN-based debit cards with vertical mag-stripe reader, and offering optional smart card support.
About Network International
(www.network.ae) Network International LLC, the preferred card solutions provider located in the United Arab Emirates, is the first independent vendor certified by both Visa and MasterCard for card payments in the Middle East. It is the only third party processing vendor in the region which is capable of providing banks, the retail industry and financial institutions with complete EMV certified solutions as they migrate to EMV SmartCard technology.
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.