Akbank orders 41,000 VeriFone payment devices

Source: VeriFone

VeriFone Systems (NYSE:PAY), today announced a major, multi-million dollar order from Akbank for 41,000 VeriFone payment devices for deployment throughout Turkey.

One of Turkey's leading banks, Akbank provides card payment processing services to more than a quarter of a million merchants. The bank will utilize 26,000 VX 520 countertop systems; 10,000 of the newly introduced VX 680 wireless, full-function portable handheld payment device; and 5,000 of the PIN-based and contactless payment-enabled PINpad 1000SE customer-activated systems.

"We search for the most innovative and reliable products to support our Axess network, one of the widest loyalty programs of Turkey. Parallel to this strategy, VeriFone has been a close partner of Akbank with its distinct services. Similar to MX 870 in 2007, Akbank is going to be the first user of new VX 680 and VX 520 systems in Turkey," said Osman Tanaçan, Akbank Senior Vice President of Merchant Division.

The VX 520 and VX 680, both introduced earlier this year as part of the new VX Evolution product family, are powerful new payments solutions that support varied merchant environments, reflect changing market needs and are designed for extended life. The highly-ergonomic PINpad 1000SE offers a fast and simple way to accept the latest in both PIN-based and contactless payment and supports a wide range of payment and non-payment contactless applications that are certified for global use.

"We're delighted that Akbank turned to VeriFone solutions to update and expand its merchant card acceptance capabilities," said Soner Çaşur, Vice President & General Manager, VeriFone South East Europe. "This order reflects the broad capabilities of the VeriFone product family."

 

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