VeriFone Systems, Inc. (NYSE: PAY), and B+S Card Service GmbH today announced that B+S has implemented PAYware TCS, a solution component of VeriFone's PAYMEDIA Universal Acceptance Platform (UAP), which enables central management of applications on payment acceptance systems at merchant locations.
PAYware TCS enables network service providers to remotely manage payment functions at merchant locations equipped with VeriFone's Artema Hybrid and H5000 payment acceptance solutions. That provides an efficient process to deploy new applications and update existing applications, including the future management of NFC applications at merchant sites.
Matthias Kaufmann, CEO of B+S, said: "VeriFone's PAYware TCS provides B+S with the ability to better manage our large installed base of VeriFone payment systems and realize a lower total cost for the merchants. We also are able to track which applications are running on merchant payment systems, deploy new software and updates centrally on the server over night with only one click and without any physical effort at the merchant's POS. We are also able to obtain real time information on device status for technical service support."
"PAYware TCS demonstrates new services and solutions for the German and European markets, with the ability to centrally manage an entire estate of payment systems," said Adam Biedrzycki, VeriFone vice president, Central Europe. "PAYware TCS enhances the management of applications on device estates, and will help facilitate the deployment of future NFC applications at the POS."
Based on European standards, PAYware TCS allows multinational retailers to harmonize their payment solution in multiple countries in Europe and to be SEPA ready. It can be implemented on previously deployed Artema Hybrid systems without requiring hardware upgrades in the field. The Artema Hybrid, was added to the VeriFone portfolio when VeriFone completed its acquisition of Hypercom in August 2011 and is the most successful payment solution in the German market. The H5000 is the successor to Artema Hybrid and accommodates multiple payment types, including legacy magnetic stripe, EMV chip as well as contactless transaction with a single hybrid card slot and integrated NFC/contactless reader.