VeriFone Systems, Inc. (ticker: PAY, exchange: New York Stock Exchange (.N))
News Release -
VeriFone Designated Sole Payment Systems Vendor by China Postal Savings BankChina's Fifth Largest and Newest Lender Selects VeriFone's Vx 510 Countertop and NURIT 8000 Wireless SystemsSAN JOSE, Calif., Jun 13, 2007 (BUSINESS WIRE) -- VeriFone Holdings, Inc. (NYSE:PAY) announced today that it has
been selected as the sole provider of electronic payment systems by
the China Postal Savings Bank. The designation concludes an extensive
evaluation and further strengthens VeriFone's position as the industry
leader in the Chinese market. VeriFone will supply the VeriFone Vx
510, with dual dial and IP connectivity, and the wireless NURIT 8000
with GPRS connectivity.
China Postal Savings Bank was chartered as a lending institution
in 2006 and opened for business earlier this year. It succeeded the
depository-only postal savings service, which since its inception in
1986 had accumulated savings deposits of 1.516 trillion yuan (US$190.8
billion), making it China's fifth largest bank. The bank operates
36,000 branch offices throughout the country.
"In choosing VeriFone to supply all payment systems at such a
momentous time in its history, China Postal Savings Bank has laid the
groundwork for a sound working partnership as well as mutual growth,"
said Yong Xiao, general manager of VeriFone China. "Our success with
this emerging financial institution reflects the vision and industry
leadership that VeriFone brings to China's electronic payments
VeriFone's Vx 510 countertop system provides exceptional
performance for payment and value-added applications, including
data-intensive, EMV smart card transactions.
The NURIT 8000 is a lightweight, handheld system enabling fast,
secure, error-free transactions and featuring a large touch screen and
a wide range of options that enhance its value-added functionality.
Its sophisticated multi-application platform supports a range of
payment and value-added services -- including credit, debit, EBT,
smart cards, prepaid, loyalty, gift and proprietary cards.
About VeriFone Holdings, Inc. (www.verifone.com)
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.
SOURCE: VeriFone Holdings, Inc.
VeriFone Public Relations
Pete Bartolik, 508-283-4112