System Provides Easy Upgrade for Merchants Seeking to Cash in on Contactless Wave
Las Vegas - April 17, 2007 - Verifone Holdings, Inc. (NYSE: PAY) announced today that its first external contactless card acceptance device, the QX100, has been certified by Visa and MasterCard as conforming with their respective contactless payment systems, Visa Contactless and MasterCard PayPass.
The QX100 easily attaches to Verifone’s Vx Solutions, Omni 3700 and NURIT payment solutions, as well as any stand-alone payment device or POS system for quick merchant upgrades. It provides merchants with a cost-effective migration to accept the increasingly popular “tap and pay” payment cards now being offered by major banks. Backed by Verifone’s reputation for quality, reliability and customer service, the QX100 represents the first in a line of contactless card readers that is unsurpassed in the industry for versatility and quality.
“The QX100 sets a new standard in contactless payment convenience,” said Paul Rasori, Verifone vice president of global product marketing. “Contactless payment is ideal for speeding up checkout lines and we’ve designed a system that is ideal for merchants in a range of venues, from quick service restaurants and convenience stores, to retail outlets, movie theatres and sports arenas.”
With over 100,000 contactless installations across the globe, Verifone is the industry leader in supporting contactless payment at the point of sale. The stylish QX100 is the model of convenience and can be used on the countertop or wall-mounted to reduce clutter and enhance ease of use. The QX100 is capable of high speed encryption using modern encryption algorithms and utilizes downloadable software to meet evolving contactless card payment security specifications.
The QX100 is an external contactless card acceptance system designed to meet Visa Contactless, MasterCard PayPass, American Express ExpressPay, and Discover specifications for magnetic stripe equivalent applications. With four standard inclination angles and a large landing zone, the QX100 allows easy card or fob reading in any retail or service environment.
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.