Verifone Systems, Inc., (NYSE:PAY - News) today introduced the H5000, a countertop payment solution that accommodates multiple payment types, including legacy magnetic stripe, EMV chip as well as contactless transaction with a single hybrid card slot and integrated NFC/contactless reader.
As successor to the Hypercom Artema Hybrid -- the most successful payment solution in the German market -- the H5000 represents the first major enhancement of a Hypercom system since Verifone completed its acquisition of that company August 4, 2011. The all-in-one solution incorporates PIN pad and an optional printer and features a color screen and graphical user interface for fast and easy use as well as value-added-services.
"The H5000 takes integrated payment capabilities to a whole new level and builds on the success of the Artema Hybrid, which has hundreds of thousands of installations in the German market alone," said Adam Biedrzycki, Verifone vice president, Central Europe. "The system delivers the fastest transaction time in the German market, accelerating the check out process in multiple environments, including multi-lane configuration, as a stand-alone device or connected to a cash register system."
The H5000 is offered as a stand-alone-version or together with Verifone's PAYware TCS central management system. This software enables Network Service Providers (NSPs) and retailers better control over their payment device estate as well as reduced operating costs. Furthermore, PAYware TCS makes it easier to adapt to future innovative payment and NFC-based value added services, as well as to expand into new international markets.
The icon-based intuitive user interface and touch screen makes the H5000 easy for customers to use and highly suited to on-screen advertising opportunities at the point of service. The system utilized a powerful 32-bit ARM11 400MHz processor and the Linux operating system, enabling developers to create value-added applications for new and existing merchants quickly.
Early availability is scheduled for the first calendar quarter of 2012, with general availability expected in the second quarter.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Verifone Systems, Inc.
This press release includes certain forward-looking statements related to Verifone Systems, 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 Systems, Inc. These risks and uncertainties include: our ability to successfully introduce the new H5000 Hybrid Countertop payment solution, 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 Systems, Inc. (www.verifone.com)
Verifone Systems, Inc. ("Verifone") (NYSE:PAY - News) 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.