VeriFone wins multi-million dollar North American Bancard contract

Source: Verifone

VeriFone Holdings, Inc. (NYSE: PAY) today announced it has received a multi-million dollar order to provide North American Bancard with several thousand VeriFone Vx 570 payment solutions.

Headquartered in Troy, Michigan, North American Bancard is one of the largest U.S. MSP/ISOs (Merchant Service Provider/Independent Sales Organizations) and provides innovative payment solutions and processing services for a wide array of companies from retailers and wholesalers, to mail-order and on-line merchants.

"VeriFone's Vx 570 enables North American Bancard to serve our broad range of customers and ensure that small retailers receive the same technology benefits as the largest, but at prices they can afford," said North American Bancard President Marc Gardner. "VeriFone has won us over with its superior product and the benefits it will provide our customers."

The VeriFone Vx 570 combines superior speed and power to offer exceptional payment processing, plus increased memory to support a wide range of value-added applications. The Vx 570 is the successor to the VeriFone Omni 3750 and provides merchants with maximum flexibility, superior speed and high performance, in addition to compatibility with existing applications. It is ideally suited to North American Bancard’s complete suite of payment processing applications and provides an ideal migration path both for existing users of the Omni 3750 and others who want a powerful countertop payment solution.

"The North American Bancorp contract is a tremendous competitive win for VeriFone and reflects the increasing market traction for our premier countertop payment solution," said Jesse Adams, VeriFone executive vice president, North America Sales.

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