(ETA Booth #219) – Verifone Holdings, Inc. (NYSE: PAY), today announced PAYware SIM, providing a single interface to simply and securely integrate Windows-based POS systems with Verifone’s secure payment software solutions and consumer activated acceptance devices. The developer tool isolates sensitive cardholder data from the POS application, and is designed to greatly reduce the complexity and associated costs of achieving compliance with PCI and PA DSS requirements.
PAYware SIM—Secure Integration Method—provides developers with an easy to integrate Windows DLL that allows their applications to seamlessly take advantage of the breadth of Verifone’s extensive card acceptance devices and payment processing engines.
“PAYware SIM makes it really simple for us to integrate our Windows-based applications with Verifone devices for our clients,” said Keith Pascal, president of 12:51:58, a provider of POS solutions for the global restaurant retail industry. “It is simple to execute, simple to manage and a great implementation tool. It also makes it easy to train people on our integrated systems so we can deploy them remotely.”
“In addition to PA DSS, our software has to comply with inventory information approval system standards for health benefit payment card transactions,” said Ron Leonard, vice president of engineering with ScriptPro, a provider of pharmacy management and robotic dispensing systems. “PAYware SIM allows us to isolate these payment security issues from development of our core application. That results in a huge reduction in time to market.”
PAYware SIM enables POS developers to support Verifone software-based payment solutions, including IPCharge, PAYware Transact, PAYware PC, and PCCharge, and to accommodate card acceptance solutions including the PINpad 1000SE, the MX800 Series and the Vx 810.
“PAYware SIM reduces application development costs and quickens time to market for integrators, full-service ISOs and retailers developing their own applications,” said Paul Rasori, Verifone senior vice president of marketing. “By providing this secure development tool, we’re also easing the effort to comply with PCI DSS requirements for secure payment systems.”
PAYware SIM is available in late April and will be shipped with PAYware Development Kits directly from Verifone.
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.
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 MX880 and related software 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.