CL@B 2009 Congress (Stand # 301-303) - August 24, 2009 – Verifone Holdings, Inc. (NYSE: PAY), today introduced the MX ATM, a new convenience retail payment kiosk with cash dispensing and deposit functionality, designed for the Latin America market. PROSA, Mexico’s largest electronic switch and processor, partnered with Verifone for a customized solution that it plans to roll out nationally throughout retail locations in Mexico.
The Verifone MX ATM is a family of secure, simple-to-use payment and cash dispensing kiosks, intended for environments such as hotels, department stores, night clubs, and enterprises.
Merchants can install the MX ATM kiosks to dispense cash, balance inquiry and to provide a variety of value-added services including telco top-up, bill payment, redemption and reloading of prepaid cards.
“Verifone’s MX ATM provides PROSA with a new solution to increase customer loyalty, reduce operating costs and expand our reach to dispersed points of service,” said Miguel Angel Balcázar, new business executive director for PROSA.
MX ATM decreases cash management and security costs for retailers by providing a tool for cash recycling. The MX ATM can also be configured to include other peripherals such as barcode readers, biometric readers and coin acceptors for deployment in different environments, such as parking and mass transit.
“Verifone continues to develop new secure electronic payment solutions tailored to the needs of local markets,” said Fernando Lopez, senior vice president and general manager for Verifone Latin America and the Caribbean. “MX ATM can be custom-configured to meet the specific needs of an organization and provides the highest security to ensure integrity of remote operations.”
Among the MX ATM’s most important features is its advanced monitoring capability, highly secure environment, including 3DES, EMV, and PCI-PED, electronic locks, optional ink dye systems, several optional vaults, virus-free Linux environment, designed to operate in the most demanding environments.
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.