Credibanco Orders 18,000 VeriFone Payment Solutions.More than 27,000 Systems Ordered Since Sales Commenced in June 2007 SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. -- VeriFone Holdings, Inc. (NYSE NYSE See: New York Stock Exchange : PAY) announced that it has sold more than 18,000 payment solutions in recent months to Credibanco, the card issuer and Visa International-affiliated payment network of Colombia. Credibanco provides credit and debit card debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. transaction acquiring to banks in Colombia through 53,000 points of sale and a telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. that connects in real time to 17 principal cities of the country and 385 municipalities. "VeriFone's worldwide leadership in payment technology and reputation for reliability is an ideal match for our goals to expand availability of card payment acceptance to all merchants and consumers who can benefit," said Carlos Andres Lindo, director of Media Access for Credibanco. Since November, in association with its Colombian partner, Towertech Americas, VeriFone has sold the bank association more than 18,700 payment systems, including the V(x) 510, both LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. and dial models, as well as the GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. wireless version of the V(x) 670. The recent orders build on the company's first sale to Credibanco of almost 9,000 in June 2007. "VeriFone and Credibanco have rapidly forged a strong relationship to deliver advanced payment acceptance capabilities throughout Colombia," said Fernando Lopez Fernando López (April 13, 1904—May 26, 1993) was a Filipino statesman. A member of the influential López Family of Iloilo, Fernando López served as Vice President for three terms, under President Elpidio Quirino (1949—1953) for the Liberals and Ferdinand Marcos , vice president and general manager of VeriFone Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the Caribbean. "We look forward to a strong, ongoing partnership." Credibanco is an innovator in Latin America and last year joined with CGAP CGAP Consultative Group to Assist the Poorest CGAP Cancer Genome Anatomy Project CGAP Certified Government Auditing Professional CGAP Call Gapping Interval CGAP Commission on Government Accountability to the People (Florida) , in a three-year project to extend and adapt its technology and service infrastructure to help Colombia's banks reach low-income customers and equip small merchants with point-of-sale devices. CGAP, the Consultative Group to Assist the Poor, is a global resource center for the microfinance industry housed at the World Bank. About Credibanco Credibanco is a technology, marketing and operations oriented company, seeking development of Colombia's payment systems. Credibanco is a member of the Visa Group. Credibanco is the main coordinator of activities which generate the relationship within its three groups of clients: financial entities, merchants with whom it maintains a close direct commercial relationship and the cardholders, who are directly attended by the Financial Institutions. www.visa.com.co. 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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