CL@B 2009 Congress (Stand # 301- 303) - August 25, 2009 – Verifone Holdings, Inc. (NYSE: PAY), today announced PAYware CMS 8.0, a new version of its comprehensive card management enterprise software for banks, financial institutions, processors and retailers who wish to issue cards, accept electronic payments and merchant management.
PAYware CMS enables issuers to easily set up and manage feature-rich card programs for both physical and virtual card payments. For acquirers, PAYware CMS supports individual merchant needs such as acquiring services contracts to accept, authorize and settle card transactions; it also offers multi-merchant support at all levels.
“This update to PAYware CMS complies with the latest PCI DSS requirements and features improved performance and a new intuitive graphical interface which eases usability of every aspect of the system, enhancing productivity and efficiency,” said Gustavo Jimenez, vice president and general manager for the Integrated Systems Group of Verifone Latin America and the Caribbean.
PAYware CMS 8.0 supports all aspects of card and merchant management, payment authorization, clearing and settlement. It can also be used by telcos to issue pre-paid cards and by government agencies to issue and process electronic benefits.
New security features include encryption of sensitive data, PAN masking, and detailed audit tracking of user activity. The software supports all major card association schemes and full EMV compliance for both issuing and acquiring organizations.
The new graphical interface provides an intuitive look and feel with:
- Improved graphical dashboards for more immediate monitoring of authorization processes
- A highly configurable Web-based reporting module that increases access, automation, and flexibility of reporting
PAYware CMS provides the scalability, flexibility and configurability to manage any in-house merchant acquiring or card issuance program including branded card scheme, private label, stored value/loyalty, private label, fleet, and prepaid cards.
It is a flexible, modular and business-driven solution designed to address the main challenges facing the card industry today, which include the importance of innovation, differentiation and customer retention in an increasingly competitive environment.
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 customers' acceptance and adoption of our newly released products and applications, including PAYware CMS 8.0, 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.