VeriFone Systems, Inc. (ticker: PAY, exchange: New York Stock Exchange (.N))
News Release -
VeriFone Announces PAYware SIM to Securely Integrate Payment Devices with Windows-Based Software
Secure Integration Method Makes it Easier for Developers to Integrate
VeriFone Devices and Payment Engines with POS Systems
LAS VEGAS, April 21 /PRNewswire-FirstCall/ -- (ETA Booth #219) -- VeriFone
Holdings, Inc. (NYSE: PAY), today announced PAYware SIM, providing a single
interface to simply and securely integrate Windows-based POS systems with
VeriFone's secure payment software solutions and consumer activated acceptance
devices. The developer tool isolates sensitive cardholder data from the POS
application, and is designed to greatly reduce the complexity and associated
costs of achieving compliance with PCI and PA DSS requirements.
PAYware SIM - Secure Integration Method - provides developers with an easy
to integrate Windows DLL that allows their applications to seamlessly take
advantage of the breadth of VeriFone's extensive card acceptance devices and
payment processing engines.
"PAYware SIM makes it really simple for us to integrate our Windows-based
applications with VeriFone devices for our clients," said Keith Pascal,
president of 12:51:58, a provider of POS solutions for the global restaurant
retail industry. "It is simple to execute, simple to manage and a great
implementation tool. It also makes it easy to train people on our integrated
systems so we can deploy them remotely."
"In addition to PA DSS, our software has to comply with inventory
information approval system standards for health benefit payment card
transactions," said Ron Leonard, vice president of engineering with ScriptPro,
a provider of pharmacy management and robotic dispensing systems. "PAYware SIM
allows us to isolate these payment security issues from development of our
core application. That results in a huge reduction in time to market."
PAYware SIM enables POS developers to support VeriFone software-based
payment solutions, including IPCharge, PAYware Transact, PAYware PC, and
PCCharge, and to accommodate card acceptance solutions including the PINpad
1000SE, the MX800 Series and the Vx 810.
"PAYware SIM reduces application development costs and quickens time to
market for integrators, full-service ISOs and retailers developing their own
applications," said Paul Rasori, VeriFone senior vice president of marketing.
"By providing this secure development tool, we're also easing the effort to
comply with PCI DSS requirements for secure payment systems."
PAYware SIM is available in late April and will be shipped with PAYware
Development Kits directly from VeriFone.
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.
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: the successful release of the PAYware SIM, the acceptance and
adoption of PAYware SIM by our customers, 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.
SOURCE VeriFone Holdings, Inc.
CONTACT: Pete Bartolik of VeriFone Media Relations, +1-508-283-4112,
Web Site: http://www.verifone.com