Verifone 3G wireless payment introduced in Chile

Source: Verifone

Verifone (NYSE: PAY) today announced that one of Chile’s largest payment processing networks—Multicaja—has begun deploying Verifone’s 3G wireless payment terminal solution to enable merchants throughout Chile to enhance the consumer experience by securely accepting all forms of payment from beyond the counter—in any retail environment.

Proven exceptional value
Following a competitive evaluation process, Multicaja selected the Verifone VX 520 3G for its exceptional value and functionality, which includes an integrated color screen, PCI 3.0 compliance and the ability to accept EMV, NFC and all other forms of payment. Multicaja expects to deploy the solution to its new merchant clients throughout 2015.

Multicaja connects businesses, banks and consumers across all Chilean regions with its network that processed more than 115 million transactions in 2014. Verifone’s wireless terminal solution supports Multicaja’s gateway services, which are used by more than 5,000 chains and stores to process a multitude of transactions including purchases, bill payment, PayPal redemption, deposits and withdrawals, insurance sales and lottery ticket purchases.

“Multicaja’s payment processing network is the largest in Chile because of our commitment to the success of our merchant clients,” said Pamela Cuzmar, Chief of Technology and Operations, Multicaja. “Verifone’s terminal solution provides us with reliable, future-proof devices—backed by decades of payment technology leadership—that enrich our offerings and enable us to continue meeting our commitment to merchants.”

“Consumers’ expectations are changing, and they increasingly want to be able to conveniently and securely make purchases in all types of retail settings, not just at the counter,” said Carlos Lima, president of Latin America and the Caribbean for Verifone. “Providing our secure EMV and NFC enabled wireless solution demonstrates Multicaja’s forward-thinking approach to payments, as well as its commitment to helping clients succeed by giving them the ability to meet consumers’ changing demands while future-proofing their payment infrastructure.”

Multi-payment acceptance in all merchant environments
Verifone’s reliable, rugged solution handles encryption, decryption and processing at lightning speeds thanks to a powerful processor and expandable memory that supports demanding value-added applications. The wireless 3G version of the device provides added portability and flexibility in deployment and usability—especially for restaurants, transportation service providers, and other types of merchants that interact with consumers in “on-the-go” environments.

Feature rich for enhanced consumer interaction
One of the most popular payment terminal solutions available today, the VX 520 from Verifone is designed for easy use and includes the following features to ensure enhanced interaction with consumers:

  • Future-proof technology, including EMV, NFC enablement and PCI PTS 3.X certification
  • Ergonomic design and small footprint
  • 5-way screen navigation button
  • High contrast, 128 x 64 white backlit display (screen) and keypad for all lighting situations

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