(CARTES & IDentification 2008, Hall 3 Stand H018) - Verifone Holdings, Inc. (NYSE: PAY), today introduced a contactless version of its popular PINpad 1000SE, further expanding the industry’s broadest line of contactless payment solutions.
Verifone today also unveiled SingleCI (Single Contactless Interface), a unifying programming interface with development tools that allows acquirers and developers to leverage existing contactless investments, adapt to future needs, and take advantage of the company’s entire contactless portfolio. SingleCI is compatible with today’s industry-leading contactless interfaces.
The contactless PINpad 1000SE combines two payment peripherals—PIN entry and contactless—into one space-saving device that reduces costs and support burdens. Suitable for use worldwide, the PCI PED approved PINpad1000SE contactless version is backward-compatible with earlier versions, and features USB or serial connectivity for easy connection to electronic cash registers and POS devices.
“We are unleashing contactless by making it effortlessly available in the best-selling PIN entry device on the market today,” said Paul Rasori, Verifone senior vice president, marketing. “Acquirers can literally swap out an older PINpad 1000SE for this new solution. That makes it easy for them to deploy contactless applications to merchants for acceptance of contactless payments from the widest range of card brands, including Visa, MasterCard, Discover and American Express.”
The PINpad 1000SE contactless version also supports non-payment applications, such as MiFare, and will be commercially available in the first half of 2009.
SingleCI provides a single interface to Verifone’s entire contactless portfolio, so developers can write one program that will operate on any Verifone contactless system. “Verifone’s SingleCI takes the pain out of working with contactless, providing acquirers and developers with the ability to invest once to create multiple solutions that run across our contactless product line in countertop, multi-lane, unattended, and drive-thru environments,” Rasori said.
Fully compatible with common industry interfaces, SingleCI enables acquirers to leverage their existing investments in contactless platforms. In addition, it future-proofs new investments by providing development tools that enable acquirers to easily add new features and applications, and adapt to changing specifications such as the NFC (Near-Field Communications) standard.
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.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Verifone Holdings, Inc.:
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of Verifone Holdings, Inc. These risks and uncertainties include: our ability to successfully manufacture, distribute, market and sell the contactless version of PINpad 1000SE and related programming applications, our customers' acceptance and adoption of our newly released products and applications, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. Verifone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
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