KeyBank to roll out VeriFone payment system across branch counters

Source: VeriFone Holdings

VeriFone Holdings, (PAY) announced today that KeyCorp (KEY) has selected VeriFone's customer-facing MX870 multi-media system for deployment at all KeyBank teller workstations.

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $95 billion, and operates 949 full service branches, located in 23 geographic districts across 13 states.

The MX870 provides financial institutions with the ability to offer a new range of services to customers and to take full advantage of the time that the customer interacts with the teller.

The MX870 offers the most advanced color 1/4-VGA systems available on the market today, ideally suited to attention grabbing marketing programs. VeriFone's electronic signature software provides a "best practice" method for capturing a biometric electronic signature and binding it to the transaction data in a tamper evident manner.

"Financial institutions recognize that the advanced technology of VeriFone's payment products provides the ideal foundation for customer-facing bank applications," said William G. Atkinson, VeriFone executive vice president, Payment Systems. "Our experience in delivering customer-facing applications is well-suited for the teller station environment and enables tellers to handle a larger number and wider variety of transactions."

The PCI-PED approved MX870 merges full-motion video, a 65,536 color display, high quality digital sound in a single, easy-to-use system. VeriFone's device management software streamlines the set-up and configuration of consumer-facing systems and multimedia content management software provides a practical, economical way to manage and deliver branding, promotion, and advertising.

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