(ETA 2010, Booth #221) Verifone Holdings, Inc. (NYSE: PAY), today unveiled VX Evolution, delivering the next generation of its popular VX payment solutions family with market-leading enhancements including integrated contactless and end-to-end encryption.
The VX Evolution series represents a complete line of powerful new payments solutions on one architectural platform that supports varied merchant environments, reflects changing market needs and is designed for extended life. The four new systems announced today are powered by the Verix architecture to ensure backward compatibility and eliminate any need for retraining of sales, support and deployment resources.
“Verix is the most trusted payment architecture in the world, representing more than 8 million devices,” said Paul Rasori, Verifone senior vice president, marketing. “VX Evolution continues to demonstrate our commitment to protect customer investments in our systems and solutions. We’ve taken the best of the proven VX line and created a complete new family of forward-looking and backward-compatible solutions that meet tomorrow’s challenges while supporting existing applications.”
Verifone today announced four new VX Evolution systems designed to PCI PED 2.0 specifications, all featuring industry-leading performance with ARM11 advanced processors and large standard memory configurations.
The VX Evolution systems provide VeriShield Protect technology built-in to support end-to-end encryption of card data, feature standard USB ports for maximum flexibility, and optionally include integrated contactless for acceptance of contactless cards, fobs and mobile-phone initiated payments:
- VX 520– The countertop workhorse, featuring standard 160MB memory for unprecedented performance and security as well as multiple communications options, including dial, Ethernet, and GPRS quad-band, as well as battery capability for mobile use
- VX 680– A leap forward in mobile payment featuring more memory, more power, and large color display touch screen and full range of communications options for WiFi, GPRS, CDMA and Bluetooth connectivity
- VX 820- A fully-loaded programmable PIN pad featuring a 3.5” color display and touch screen, with a back-lit keypad that is easier to use and builds upon user-based design for easier interaction and data entry. Connectivity is simplified with a single-port link to USB, Ethernet or serial communications.
- VX 820 DUET– A stylish, hand-over payment device with integrated PIN pad functionality that consolidates the functions of a modern countertop device and a separate PIN pad into one, easy-to-handle device for both consumer and merchant use.
The intuitive, user-friendly interface and consistent features of the VX platform let customers quickly deploy the latest enhancements with minimal additional end-user training, lower costs to stay current and the least impact on help desks.
Market availability of the VX 520 and VX 680 is scheduled for May, while the VX 820 and VX 820 DUET are scheduled before the end of the calendar year.
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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: the successful rollout of Verifone’s Vx Evolution platform, customers’ acceptance and adoption of the Vx Evolution solution and other 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.
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.