Verifone Holdings, Inc. (NYSE: PAY) announced today that Canada Post will install more than 7,000 Verifone MX870 multimedia payment systems over the next two years. Approximately 2,200 systems are expected to be installed this year, with the balance to be deployed during 2009.
Verifone’s PCI PED approved MX870 meets the most stringent security requirements for the payment industry while enabling the display of multimedia content to customers at the point-of-sale. Verifone worked in conjunction with Innovapost, a leading provider of IT solutions and services (www.innovapost.com ), and transaction services processor TD Merchant Services (http://www.tdcanadatrust.com/merchantservices ) to develop and certify a fully integrated solution for Canada Post.
Canada Post will utilize the MX870 as a customer display system that accepts debit and credit card payments while offering signature capture for payment and other types of personal receipts, essentially combining in one device the features that today require three separate systems.
“Verifone is very proud of its selection to help Canada Post modernize its technology to meet the growing needs of customers,” said Jeff Dumbrell, Verifone executive vice president. “Our experience in combining multimedia information delivery with highly secure payment acceptance is the perfect match for Canada Post’s needs, as are our efforts worldwide with EMV migration.”
During the second phase of the deployment, new and already installed MX870 systems will include Interac Chip debit and EMV, the standard developed by Europay, MasterCard, and VISA for chip-based debit and credit cards.
The MX870 leverages the most advanced technology available by incorporating a robust, highly reliable touch screen that supports finger and stylus input. Featuring field-replaceable modules, it provides a future-proof platform that accommodates the later addition of added functionality and features.
About Verifone Holdings, Inc. (www.verifone.com)
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.