Verix Innovation Award Winners Demonstrate Strong Worldwide Demand for VeriFone Multi-application POS Solutions
Winning
Solutions Help Mark First Anniversary of Verix Operating Environment
SANTA CLARA, Calif--June 4, 2001--The rising
demand for multiple payment, Internet and value-added applications at
the point of sale (POS) has led to worldwide adoption of Verix,
VeriFone`s multi-app architecture that can efficiently and securely
supports a variety of applications running on the same terminal. To
celebrate the one-year anniversary of Verix, VeriFone today announced
the winners of the Verix Innovation awards.
Verix is already used in 29 countries around the world, providing
unmatched freedom to deliver payment and value-added solutions. The
Verix Innovation awards recognize innovative solutions implemented by
VeriFone International Partners (VIPs), customers, and members of
VeriFone`s Developer Forum-solutions that expand the e-payment
industry using Verix and running on the Omni 3300, Omni 3350 and
portable Omni 3600 terminals.
Winners were awarded across all regions and vertical market
segments, including financial retail, petroleum/convenience store,
multi-lane retail, telecom, and government-education-medical. They
represent a wide variety of innovative Verix-based payment and
value-added solutions to support credit, debit, pre-paid telco,
electronic bill payment, loyalty, government regulation, smart cards,
contactless payment, and Internet-connected e-services.
"We`re pleased to honor these winners -- after all, their
innovation is the fuel driving the rapid rate of acceptance we`re
seeing around the world for our Verix-based solutions," said
Pierre-Francois Catte, vice president and general manager of VeriFone.
"With VeriFone, these companies are defining the new point of sale; a
global, secure, multi-purpose `point of profit` that generates new
revenue streams, improves customer loyalty, and lowers the total cost
of ownership."
"We value our relationship with VeriFone over the years, and the
Verix operating system has enabled us to deliver innovative solutions
that that help differentiate us in the market place," said Glenn
Marino, senior vice president of GE Card Services. "Our ability to
meet the needs of our clients with state-of-the-art POS solutions is a
critical part of our service to our customers."
"New, unexpected, high-performance capabilities at the POS are
what place ALS ahead of the competition, and VeriFone`s Verix
operating environment is making is possible for us to deliver
innovative solutions," said Jimmy Wilson, chairman of Automated
Licensing Systems.
The following winners were among the 20 recipients of the Verix
Innovation Awards:
GE Card Services was recognized for its multi-application
installation of over 5,000 Omni 3300 payment terminals running their
own private label credit application. Selected terminals are also
using VeriFone`s SoftPay e-payment software. The Verix
multi-application platform allows GE Card Services to promote their
private label application to a broader customer base.
Automated License Systems and Central Bank were honored as
partners in delivering a solution to the Missouri Department of
Conservation that uses Verix-based Omni 3300 terminals to issue
various types of fishing and hunting licenses at a merchant`s point of
sale.
Smartconnect Private Limited in India was honored for its
RetailSmart application that enables a full fledged Electronic Cash
Register System running on an Omni 3300 or Omni 3350 terminal. The
application stores up to 600 items with programmable name and price,
offers three payment modes, five levels of security access, and can be
programmed to work in the local currency. It provides extensive
management reports and eliminates the need to have a separate ECR,
making it an ideal solution for low-end merchants.
Brazil-based developer and VeriFone reseller APPI Informatica was
recognized for delivering direct web-based connectivity to VeriFone
terminals, including the Omni 3350 multi-application terminal. Called
VeriNET, the application allows VeriFone terminals to use the Internet
to transport electronic transactions, dramatically reducing
communications costs for banks, financial institutions and merchants
alike. APPI customers in Brazil include health systems provider UNIMED
and electronic bill payment services provider PAG & PRONTO.
E-pay Ltd, a UK-based telco customer, was recognized for creating
an application that enables electronic top up payments for pre-pay
mobile phone customers in the UK. The application runs on the Omni
3350 terminal and will demonstrate the multiple application capability
of the product as they add payment and loyalty functionality in the
future.
Prism Payment Technologies, a South African VIP specializing in
the payment and transaction switching business, was honored for
developing an application for Payshop, a company establishing a
value-added multi-application switching environment in Portugal.
Payshop will deploy 1,200 Omni 3350 terminals there. The company plans
to provide its services across Europe, using Omni 3350 terminals as
the transaction-gathering device, running multiple applications
developed by Prism.
Other Verix Innovation Award winners by region include:
North America
-- ExxonMobil
-- Piggly Wiggly Carolina Company
-- e-Smart Direct Services Inc.
Asia Pacific
-- E-Pay Asia Limited
-- GHL Transact Sdn. Bhd.
-- Loxley Business Information Technology Company Limited
Latin America and the Caribbean
-- Bancomer
-- Bancard
-- Teracom Chile
Europe, Middle East and Africa
-- Moneybox
-- Printec
-- Point Sweden
-- Point Latvia
-- Marshal
About Verix
VeriFone`s Verix operating platform provides true application
separation at the hardware and software level, minimizing the need for
processors or acquirers to go through lengthy and costly
re-certification processes when new applications are added to a
payment appliance. Dynamic memory allocation within Verix ensures
efficient use of memory by automatically adjusting to the size of each
application residing on a terminal, allowing for larger, more complex
applications to be added while maximizing the amount of memory
available on the terminal. VeriShield, a security architecture
incorporated within the hardware and software of Verix-based VeriFone
terminals, provides a comprehensive solution for defending against
increasingly sophisticated fraud. VeriShield includes file
authentication technology, which makes it possible to verify the
authenticity of a given file before it can be executed on a terminal.
About VeriFone
VeriFone (http://www.verifone.com) is the leading global provider
of secure electronic-payment solutions for financial institutions,
merchants and consumers. VeriFone has shipped more than nine million
electronic-payment systems, which are used in more than 100 countries.
--30--
CONTACT:
Eastwick PR (for VeriFone)
Jennifer Gordon, 650/480-4012
jennifer.gordon@eastwick.com
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