(NRF 2010 - Booth #851) - Verifone Holdings, Inc. (NYSE: PAY), today announced that its MX 870 has achieved certification for PCI PIN Transaction Security (PTS) 2.1 requirements, the payment security standard formerly known as PCI PED.
The multimedia payment system is the first of the MX 800 Series of consumer-facing payment devices to be certified, with the other devices in the family expected to complete certification in the very near future.
In meeting the latest PIN entry device security requirements set for newly introduced products by the PCI Security Standards Council (PCI SSC), the MX 870 is in compliance for sales through 2017. Systems certified to PCI PTS 1.3 may be sold through 2014.
"This milestone reflects our commitment to continue to provide our customers with the most secure payment solutions possible," said Jennifer Miles, vice president and general manager, Verifone Integrated Systems. "The PCI PTS 2.x standard reflects Verifone's and the industry's commitment to continually improve security protections against all threats."
Verifone's commitment to security leadership is reflected in its role as a member of the PCI Security Standards Council Board of Advisors and founding member of the Secure POS Vendor Alliance.
In addition to secure payment processing, the Verifone MX 800 Series devices offer unrivaled power and flexibility and can be set up for virtually any interactive customer transaction. MX 800 devices can be integrated with electronic cash registers and for use such as price checkers, credit authorization, multimedia presentations and more.
MX 800 devices operate on one software platform, providing easy integration and a single point of control, making it simple to create and customize customer touchpoints with multiple uses. Along with a common user interface, devices are modular, easily upgradeable, and interchangeable to give retailers maximum flexibility for multiple uses anywhere in the store.
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 related to Verifone Holdings, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Verifone 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 achieve and maintain PCI certification for our MX 800 product family, our customers' acceptance and adoption of new product and service offerings, 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.