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| Subject: VeriFone's US$145 PINpad In Visa Smart Breakthrough | |
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Author: SC 5000 EMV smart programmable PIN pad |
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Date Posted: 00:11:08 01/10/03 Fri VeriFone's US$145 PINpad In Visa Smart Breakthrough Programme VeriFone has joined the Visa Smart Breakthrough Acceptance Device Programme through which it will offer its SC 5000 EMV smart programmable PIN pad for a base price of approximately US$145 per device in most market deployments. The SC 5000 allows existing VeriFone magnetic stripe terminals and electronic cash registers to read and process EMV-compliant smart cards. It is the only smart peripheral device in Visa's programme, which is aimed at geographic markets outside the US and banks that are migrating to Visa Smart Debit/Credit. VeriFone has also agreed to offer each participating Visa member a license for VeriCentre LE, its terminal management system allowing software and parameter downloads to VeriFone terminals. The license cost will be US$5,000 or less depending on hardware purchase commitments. Additional fees may apply to include shipping, customs, taxes, and local customization, which may vary on a country-by-country basis. Detailed pricing estimates can be obtained from VeriFone regional offices. "With the largest number of installed acceptance devices, VeriFone is the premier terminal manufacturer and we are delighted that it has joined our Acceptance Device Programme," said Denny Jensen, Senior VP of Smart Card Readiness and Implementation at Visa International. "VeriFone's EMV add-on product provides an easy and cost effective way to upgrade terminals to accept smart cards and will further enhance the business case for chip." "VeriFone is working with Visa to drive chip card acceptance and, ultimately, help to create new business opportunities for card issuers and merchants," said Douglas Bergeron, CEO, VeriFone. "Banks and retailers turn to VeriFone as a trusted partner in providing reliable solutions that provide a smart migration strategy for the future." Roger Swales, Senior VP, Global Acceptance, Visa International, said: "VeriFone has demonstrated that it is able to offer a reliable and cost effective peripheral product to spur migration to chip card acceptance." Executives from VeriFone and Visa will be meeting with targeted Visa member institutions around the world to discuss opportunities and implementation plans. The SC 5000 provides an easy migration path to upgrade installed terminals or electronic cash registers to support global smart card solutions based on EMV specifications. Additionally, the SC 5000 adheres to Triple DES (3DES) encryption standards being adopted by the payment industry that raises the level of fraud protection for PIN-based debit transactions. Visa Smart Breakthrough is a global initiative designed to support EMV migration. Composed: 07-Jan-2003 | Modified: 07-Jan-2003 [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| Re: VeriFone's US$145 PINpad In Visa Smart Breakthrough | Proton---verifone.com POS Purchase terminals | 01:10:28 01/10/03 Fri |