VeriFone unveils unattended payments terminal; releases contactless device

Source: VeriFone

VeriFone Holdings (NYSE: PAY) today announced the OP 4100, an unattended payment solution compliant with PCI and EMV security requirements and suitable for petrol pump, kiosks and other self-service payment applications in the most unforgiving environments.

The OP 4100's compact all-in-one design makes for simple and economical installation and it is easy to integrate at a mechanical, electrical and software level. Featuring a PCI-approved Encrypting PIN Pad (EPP) as well as a PCI certified Secure Card Reader, the OP 4100 has also received EMV Level 1 and Level 2 Type Approval. It supports the latest security protections and advanced encryption such as 3DES, Master/Session and DUKPT key management.

"One of the biggest challenges today is to ensure the highest security at the point of payment, especially in increasingly frequent self-service applications that consumers have come to expect and even demand," said Paul Rasori, VeriFone vice president of global product marketing. "The OP 4100 provides all the capabilities needed for secure, unattended payment in a single, easy to integrate module."

With a large, high-resolution, full-color screen that has animated messaging capabilities, a large ATM-style keypad, screen-addressable keys, and manual-insert hybrid card reader with triple-track magnetic-stripe and EMV chip card capabilities, the OP 4100 provides fast, easy, trouble-free processing. In addition, the optional, built-in contactless reader can support a variety of contactless payment schemes.

Separately, VeriFone Holdings (NYSE: PAY) today announced the QX120, a contactless payment solution that supports all major contactless payment schemes, including those initiated from mobile phones using the emerging Near Field Communications, or NFC, standard.

The new contactless peripheral offers merchants and banks an extremely cost-effective means to support any form of contactless payment whether presented via card, fob or NFC enabled mobile device.

The highly reliable, ultra thin QX120 can be easily connected to a stand alone payment device or integrated POS system to provide contactless acceptance capability quickly and cost-effectively. Versatile and stylish, the QX120 is designed to appeal to retailers and consumers alike, with a high-contrast white backlit LCD that displays the transaction amount and other messages to consumers.

"The QX 120 represents a step forward in terms of ease of use for consumers and cutting edge technology for retailers," said Paul Rasori, VeriFone vice president of global product marketing. "Banks and merchants who deploy this device for card based contactless payments today, are in effect laying down the infrastructure for the widespread adoption of mobile phone based payment solutions in the future."

The QX120 was designed to support the global contactless program specifications from American Express, MasterCard, Visa, Discover and JCB with virtually no changes to existing payment hardware or software.

The elegant design of the QX120, a large branding area and flexible mounting options suit any environment. The device can be used on the countertop or wall-mounted to reduce clutter and enhance ease of use.

Combining a high-performance, 32-bit microprocessor, advanced technology and a sophisticated, ergonomic design, the QX120 offers an ideal contactless solution for a wide range of payment and value-added applications. The QX120 is expected to be available by early spring, 2008.

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