Global | Change

Verifone Provides Tim Hortons with Payment Systems

North American Restaurant Chain Adopts Verifone Vx 570 for Credit and Tim Card Payments May 19, 2008 Chicago, IL

(NRA Show 2008 – Booth #6179) Verifone Holdings, Inc. (NYSE: PAY) announced today that Tim Hortons, Canada’s largest quick service restaurant chain, has deployed Verifone payment solutions at countertop checkout stations and drive-thru lanes in U.S. locations. Tim Hortons last year deployed 7,500 Verifone Vx 570 systems with EMV-ready Verifone SC 5000 PINpads throughout store locations in Canada.

Tim Hortons initiated the electronic payment transformation to enable credit card and contactless payments and to convert from paper-based gift certificates to its QuickPay Tim Card.

“Our customers are increasingly reliant on payment cards for everyday purchases and Verifone’s payment solutions will enable us to accommodate their preferences with faster payment options,” said Chris Laganos, senior vice president, U.S. Operations, Tim Hortons.

The U.S. rollout began Feb. 15, with approximately 1,000 Vx 570 systems deployed at 375 stores to date; the Canadian deployment throughout more than 2,100 stores began last summer.

“Tim Hortons is a Canadian landmark with an ever expanding presence in the U.S. and we are thrilled that Verifone solutions are being utilized to make the consumer dining experience more convenient,” said Jeff Dumbrell, senior vice president, Verifone North America.

The Interac-certified Vx 570 is PCI PED-approved, has EMV Level 1 and Level 2 Type approval and is RoHS-compliant. The Vx 570 combines superior speed and power to offer exceptional payment processing, plus increased memory to support a wide range of value-added applications. The SC 5000 packs support for EMV smart card transactions, electronic benefits transfer, and stored value transactions, into a sleek, stylish device that fits comfortably in the palm of the hand.

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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.