VeriFone Systems, Inc. (ticker: PAY, exchange: New York Stock Exchange (.N))
News Release -
McDonald's Mexico Selects VeriFone's MX870 for Contactless Payment
Banamex Citibank Calls on VeriFone for First Contactless Payment
System Deployed in Latin America
SAN JOSE, Calif.--(BUSINESS WIRE)--March 13, 2007--VeriFone
Holdings, Inc. (NYSE: PAY) announced today that Banamex has deployed
the VeriFone MX870 multi-media payment platform to accept contactless
and traditional bank cards at all McDonald's Mexico restaurants in
Monterrey, Nuevo Leon.
Monterrey is the first city in Latin America to use the MasterCard
PayPass contactless card. Banamex Citibank has issued 10,000
contactless cards and selected VeriFone to supply the MX870
multi-media payment system with contactless capabilities to speed up
payment at McDonald's cash registers while also delivering menu and
promotional information to consumers.
"Banamex and McDonald's Mexico have utilized VeriFone's MX870 as
both payment platform and content delivery system to inform customers
and speed up payment at the counter," said William Atkinson, VeriFone
executive vice president, Payment Systems. "This demonstrates the
enhanced consumer experience of our payment solutions."
Customers at McDonald's are presented with video on menu items,
information on their order, and can use their preferred payment card
all on one system provided by VeriFone.
"The complete payment process is faster and mistakes are reduced
by using the MX870, which allows our customers to view their order
before it is transmitted to the kitchen and before they have made
payment," said German Gudino, Marketing Director for McDonald's Mexico
and Central America.
In addition, customers using contactless cards for payments under
250 pesos (US$25) do not have to sign payment slips, making the
payment process even faster. "VeriFone's MX870 will be the basis of a
nationwide rollout of contactless payment at McDonald's Mexico
restaurants," said Marco Antonio Giardiello Castillo, Country Business
Head for Banamex's Merchant Services and Remote Banking. "We are
working with McDonald's and VeriFone to provide the most up-to-date
payment system available in Latin America."
The PCI PED-approved MX870 is the flagship of the MX Solutions
product family and combines vibrant color, full-motion video, and
digital sound with highly secure payment and point-of-service
capabilities into a single system. It is a powerful new way to
broadcast multimedia advertising and other promotional or
informational content directly to customers.
Grupo Financiero Banamex is a member of Citigroup, Inc., and it is
the leading financial group in Mexico with Banco Nacional de Mexico
(Banamex) founded in 1884. The Group has an outstanding position in
the country's financial markets through its affiliates, and it
includes deposits, consumer finance, handling resources from
investment partnerships and funds for retirement, insurance banking,
pensions, and stock market brokerage. The group has an extensive net
of distribution of over 1,400 branches and 5,700 ATMs located
throughout the country. For more information, visit www.banamex.com
About McDonald's Mexico
McDonald's is the leading global foodservice retailer with more
than 30,000 local restaurants in more than 100 countries.
Approximately 70% of McDonald's restaurants worldwide are owned and
operated by independent local men and women.
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.
Pete Bartolik, 508-283-4112
SOURCE: VeriFone Holdings, Inc.