VeriFone receives Swiss ep2 certification for Vx products

Source: VeriFone Holdings

VeriFone Holdings, Inc. (NYSE:PAY) today announced that it has received ep2 certification for two members of its Vx Solutions family, the Vx 510 and Vx 610, making VeriFone's next-generation payment platform available to customers across Switzerland.

CCV-jeronimo (Switzerland) SA, VeriFone's International Partner in Switzerland, began installing the countertop and wireless systems at major retail outlets nationwide in October and plans to roll out further in 2006.

The development of the ep2 specification is a joint project between a number of acquirers - including Aduno SA, Credit Suisse, Swiss Post, Telekurs Multipay AG, Telekurs Card Solutions AG, JCB International Co Ltd, and Verband Elektronischer Zahlungsverkehr VEZ - to implement chip-based EMV payment standards Swiss-wide.

Jean-Marc Fillistorf, CEO of jeronimo, said, "Since the first ep2 solution that we installed in May 2003, we have experienced huge amounts of interest from the Swiss retail and hospitality sector for VeriFone's latest solutions. With the achievement of ep2 certification in record time for the next generation Vx 510 and Vx 610, we can ensure that our customers gain maximum benefit from the very latest payment environments."

Commenting on today's announcement, Nigel Bidmead, EMEA Managing Director for VeriFone said, "The rapid achievement of this key certification is a testament to VeriFone's high product quality and security. The Vx Solutions brand and its offering has successfully gained major recognition with banks and retailing industries worldwide. Our continued expansion in Europe, Middle East and Africa has been made possible because of the extraordinary performance of the solutions. We look forward to bringing our innovative and highly reliable payment system solutions to customers in the Swiss market, in partnership with jeronimo."

The Vx 510 provides extraordinary performance in a sleek, compact design that's ideal for a wide variety of retailers. Incorporating a built-in thermal printer with drop-in "clam shell" paper loading, the Vx 510 features a bright backlit display, ATM-style interface and on-screen prompts. The advanced processor provides fast processing and multi-application capabilities suited to value-added applications and data-intensive, EMV smart card transactions.

The Vx 610 represents a new generation of wireless terminals that deliver blazing performance, high-end functionality and exceptional ease of use. The pioneering Vx 610 features the same sleek, compact design of the Vx 510, but in a portable, battery-powered form factor that uses wireless technologies, including Wi-Fi and GPRS. It's long battery life and high capacity enables the Vx 610 to open up new market opportunities by extending countertop payment capabilities to wherever consumers are, whether shopping at open markets or buying home-delivered products and services.

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