31 August 2016
Find out more

Austrian banks upgrade terminal estate for contactless/NFC future

14 November 2012  |  4724 views  |  0 mastercard contactless payment 1

Austrian bank-backed PayLife has contracted with VeriFone to update its entire POS estate to support contactless and NFC-based transactions.

A joint venture of major Austrian banks, PayLife provides card acceptance services to companies across the retail environment, the oil industry and the tourism and service sectors.

PayLife plans "over time" to replace existing installed payment systems with new wireless and PIN acceptance devices. The firms says it will also utilise several thousand VeriFone QX 1000 devices to provide immediate NFC/contactless in-place upgrades of existing devices.

As well as upgrading for contactless and NFC payments, the new VeriFone kit also offers compliance with the latest PCI PTS 3.0, ZKA, EMV and Austrian security requirements.

Robert Komatz, senior vice president of PayLife Bank, says: "VeriFone's innovative, consumer-friendly payment solutions will meet our needs today and in future as we adapt to the fast evolving new era of NFC payments, including the very successful Austrian electronic purse, Quick."

The Quick chip card, which is used in smaller retail outlets for payments of less than EUR400, currently claims 8.5 million users across Austria.

Adam Biedrzycki, VeriFone vice president and general manager, Central Europe, says: "VeriFone systems will accommodate all the card types currently accepted today by PayLife and the mobile, digital wallets of tomorrow."

The value of the contract has not been disclosed.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

NAB to equip merchants with mobile and tablet POS devices

NAB to equip merchants with mobile and tablet POS devices

09 October 2012  |  7970 views  |  0 comments
Austria's Raiffeisen to issue pre-paid cards derived from corn

Austria's Raiffeisen to issue pre-paid cards derived from corn

04 October 2012  |  3619 views  |  0 comments
Latest Square clone launches in Europe

Latest Square clone launches in Europe

24 August 2012  |  9354 views  |  0 comments
VeriFone revamps card reader to take on Square

VeriFone revamps card reader to take on Square

08 May 2012  |  6283 views  |  0 comments
Austria's RBI preps mobile NFC roll out

Austria's RBI preps mobile NFC roll out

27 January 2012  |  6662 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit VocaLink.comVisit capgemini.com

Top topics

Most viewed Most shared
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
9465 views comments | 23 tweets | 26 linkedin
Cultural change crucial in digital transformationCultural change crucial in digital transfo...
6980 views comments | 11 tweets | 10 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6818 views comments | 15 tweets | 14 linkedin
Mondo becomes MonzoMondo becomes Monzo
6498 views comments | 14 tweets | 9 linkedin
hands typing furiouslyBlockchain: Some Remarkable Announcements!
6264 views 0 | 5 tweets | 14 linkedin

Featured job

Find your next job