VeriFone And STS Partner To Provide Flexible Multi-Application Solutions For Integrated Retail Systems

Published 22nd August 2006

STS Software Enhances Retail Systems Connectivity and Application Flexibility for GPRS, Wi-Fi and Ethernet Versions of Vx Solutions...

LONDON, UK, August 22nd, 2006 – VeriFone Holdings, Inc. (NYSE: PAY) today announced an additional EMV-approved software solution that enables retail systems integrators such as Comms XL, IBM, YESpay and Fujitsu to offer VeriFone’s complete product portfolio to their customers.

The software solution, developed in partnership with Smart Technology Solutions Ltd (STS), extends the integration capabilities of VeriFone’s product solutions. The solution leverages STS’ SmartNS software framework to provide an EMV link to integrated retail systems. In addition, when coupled with the option to run multiple applications, the solution provides the merchant with complete and total flexibility over their VeriFone payment systems, enabling the addition of new applications without the need to re-integrate devices.

VeriFone’s integration partners can also utilise STS’ recently launched Hostlink application, designed specifically for the hospitality industry. Hostlink offers a complete package of integrated functionality for this environment, including full payment at the table, bill splitting, multiple payment methods (cash, card, voucher and cheque), tipping, cash-back, and printing receipts. VeriFone’s Vx 670 – the industry’s smallest all-in-one wireless payment system – is ideal for virtually any mobile payment application, and is highly suited to the growing pay-at-the-table application, where systems are handed over to patrons to swipe or insert their own cards and enter PINs. VeriFone recently announced that the Vx 670 has achieved the Payment Card Industry (PCI) standards established by Visa International and MasterCard International.

“Partnering with key industry players like STS, and combining our complete solution approach means we can provide the best solutions for our customers. With this offering we provide additional choice to our customers who are looking to implement secure EMV solutions from a proven and trusted company like VeriFone,” said Nigel Bidmead, managing director for VeriFone EMEA. “This enables a wide range of customers with integrated retail systems to benefit from greater flexibility and functionality in deploying the VeriFone solutions that meet their needs.”

Wendy Dobson, Comms XL sales director, said: “The success of the partnership of STS and VeriFone in delivering a retail payment package capable of integrating with systems over GPRS, Wi-Fi and Ethernet is of great benefit to Comms XL. Demand among retailers for such a versatile solution is already there, and the technology will enable us to meet this for our customers.”

Cameron Olsen, STS vice president of business development, said: "The VeriFone and STS collaboration meets the growing demand to connect VeriFone’s industry-leading payment solutions in an integrated retail EMV environment. STS' software will enable VeriFone customers to get the full benefit from VeriFone's flexible, multi-application payment platforms."