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VeriFone unveils ATM cash and payments system for Latin America

24 August 2009  |  1650 views  |  0 Source: VeriFone

VeriFone Holdings (NYSE: PAY), today introduced the MX ATM, a new convenience retail payment kiosk with cash dispensing and deposit functionality, designed for the Latin America market.

PROSA, Mexico's largest electronic switch and processor, partnered with VeriFone for a customized solution that it plans to roll out nationally throughout retail locations in Mexico.

The VeriFone MX ATM is a family of secure, simple-to-use payment and cash dispensing kiosks, intended for environments such as hotels, department stores, night clubs, and enterprises.

Merchants can install the MX ATM kiosks to dispense cash, balance inquiry and to provide a variety of value-added services including telco top-up, bill payment, redemption and reloading of prepaid cards.

"VeriFone's MX ATM provides PROSA with a new solution to increase customer loyalty, reduce operating costs and expand our reach to dispersed points of service," said Miguel Angel Balcazar, new business executive director for PROSA.

MX ATM decreases cash management and security costs for retailers by providing a tool for cash recycling. The MX ATM can also be configured to include other peripherals such as barcode readers, biometric readers and coin acceptors for deployment in different environments, such as parking and mass transit.

"VeriFone continues to develop new secure electronic payment solutions tailored to the needs of local markets," said Fernando Lopez, senior vice president and general manager for VeriFone Latin America and the Caribbean. "MX ATM can be custom-configured to meet the specific needs of an organization and provides the highest security to ensure integrity of remote operations."

Among the MX ATM's most important features is its advanced monitoring capability, highly secure environment, including 3DES, EMV, and PCI-PED, electronic locks, optional ink dye systems, several optional vaults, virus-free Linux environment, designed to operate in the most demanding environments.

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