Friday, April 2, 2010

Verifone Selects Chase Paymentech as Preferred Processing Partner for Retail Distribution

VeriFone Announces Preferred Processing Partner for Retail Distribution

Image representing VeriFone Holdings as depict...

SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Holdings, Inc. (NYSE: PAY), today announced that Chase Paymentech has been selected as the preferred provider of new merchant accounts for buyers of VeriFone’s PAYware Mobile iPhone card payment solution sold through Apple Retail Stores and the Apple Store online beginning April 6.

“No longer will these small businesses lose sales because of an inability to accept payment by credit card or ‘check’ card.”

Chase Paymentech, a subsidiary of JPMorgan Chase, is a global leader in payment processing and merchant acquiring and an ideal partner in providing merchant processing services to small businesses who purchase the PAYware Mobile card encryption sleeve for iPhone.

“Chase Paymentech will be instrumental in achieving our goal of making it as easy as possible for merchants to acquire PAYware Mobile for iPhone so they can meet their customers’ demands for a card payment option,” said VeriFone CEO Douglas G. Bergeron. “No longer will these small businesses lose sales because of an inability to accept payment by credit card or ‘check’ card.”

VeriFone’s sleek and durable card reader slips over iPhone to accommodate card swipes and allow merchants to avoid high-cost “card-not-present” fees. It incorporates a stylus for signature capture and a mini-USB port for charging iPhone while the ergonomic reader is attached. The PAYware Mobile card encryption sleeve incorporates VeriFone’s end-to-end encryption technology and ensures secure payment processing.

Users also gain access to the PAYware Connect gateway, a fully customizable and reliable gateway service that's ideal for small businesses. Details of all iPhone payment transactions are available in real-time within the Merchant Portal on the payment gateway, which also enables businesses to consolidate payment reporting from multiple PAYware Mobile-equipped iPhones.

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.

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