Verifone Holdings, Inc. (NYSE: PAY) announced today that Heartland Payment Systems (NYSE: HPY), one the of nation’s largest payments processors, has certified Verifone’s ON THE SPOT pay-at-the-table managed services solution for nationwide use. Heartland is marketing this pay-at-the-point-of-service technology to restaurant customers under the Heartland TablesideSM brand.
Tableside utilizes the Verifone Vx 670 handheld system with Wi-Fi and the managed services model that Verifone developed. This provides restaurants with many of the advantages of integrated systems without the need to invest in expensive restaurant management systems.
“Verifone’s wireless payment and managed services solution is ideal for independent restaurants and small chains that want to provide diners with faster, more secure card payment options,” said Mike English, Heartland’s executive director of product development. “Heartland Tableside enhances our ability to provide restaurants with quick, dependable service and easy, cost-effective access to enhanced processing and reporting capabilities.”
The Vx 670 improves the customer experience by reducing the time and number of steps to complete the payment transaction while virtually eliminating the potential for card skimming or tip alteration. In addition, Heartland Tableside enables restaurant operators to comply with Payment Card Industry Data Security Standards (PCI DSS) requirements by storing card transaction information on a secure remote IP gateway.
“Verifone’s ON THE SPOT solution further enhances Heartland’s tailored solutions specifically crafted for the restaurant market,” said Jeff Dumbrell, Verifone executive vice president. “Together, Verifone and Heartland are providing restaurants with advanced value-added services and the tools to improve operations.”
With Heartland Tableside, any one of multiple Vx 670 systems in a particular restaurant can initiate or complete a transaction. Tip capture can be completed at the point of service, saving time at the end of the shift as no adjustments are required. Batch closing can be pre-programmed on the managed services gateway, which also provides sophisticated reporting functions and transaction history that can be reviewed from any computer with Internet access.
About Heartland Payment Systems
Heartland Payment Systems, Inc., a NYSE company trading under the symbol HPY, delivers credit/debit/prepaid card processing, payroll, check management and payments solutions to more than 250,000 business locations nationwide.
Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. For more information, visit www.heartlandpaymentsystems.com and www.MerchantBillOfRights.com .
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.