VeriFone Announces QX1000 Plug-and-Play Advanced Contactless Solution
Future-Proof Investment Utilizing VeriFone's SingleCI Architecture Provides Easy Upgrade for Existing POS, ECR and PC-based Payment Systems
The QX1000 is a global contactless solution from the leader in payments and is suited to the widest range of EMV and mag-stripe contactless cards from Visa, MasterCard, Discover and American Express, as well as non-payment applications such as MiFare. Installation involves quick connections via factory-installed USB or serial options.
Fully compatible with common industry interfaces, VeriFone's SingleCI enables acquirers to leverage their existing investments in contactless platforms. In addition, it future-proofs new investments by providing development tools that enable acquirers to easily add new features and applications, and adapt to future technologies, such as Near-Field Communications (NFC).
"The QX1000 is a brilliantly simple contactless solution for seamlessly upgrading payment systems to accept contactless cards today and, in the future, NFC payments from mobile devices," said Paul Rasori, VeriFone executive vice president, global marketing. " One contactless solution, with global certifications, satisfies multiple markets and standards."
VeriFone's advanced contactless architecture supports software-based security access modules (SoftSAM) for multiple payment and non-payment applications, such as transit. SoftSAMs can eliminate the need for hardware-based SAMs and offer the flexibility of remote updates.
The QX1000 architecture supports "side-by-side" applications, which creates an easy way to re-certify just one application when payment specifications change, instead of having to re-certify all applications in use.
Ideal for a variety of retailers - from quick service restaurants and petro stations to retail stores, parking garages, movie theaters and sports arenas - the QX1000's "touch and go" design and high-speed processor keeps checkout lanes moving. Multiple LEDs and a buzzer clearly communicate transaction status to both the consumer and the merchant allowing for a quick and easy payment experience.
The system will be available beginning in June.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Holdings, Inc.:
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Holdings, Inc. These risks and uncertainties include: our ability to successfully manufacture, distribute, market and sell the Qx1000 solution, our customers' acceptance and adoption of our newly released products and applications, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. VeriFone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
VeriFone Holdings, Inc. ("VeriFone") (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
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