IKEA North America Selects VeriFone for Electronic Signature and Payment.Chooses Customer-Facing Payment Solution in U.S. to Automate Signature Processes and Enable Future Expansion 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 today that IKEA IKEA Ingvar Kamprad Elmtaryd Agunnaryd (Swedish home furnishings retailer founder's initials and location) North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , the world's leading home furnishings retailer, has selected VeriFone's customer-facing payment system with signature capture for use in its U.S. locations. IKEA is currently deploying the multilane mul·ti·lane adj. Having several lanes: a multilane highway. Adj. 1. multilane - (of roads and highways) having two or more lanes for traffic payment solution in all checkout lanes in the U.S. The company currently has 28 stores in the U.S. and is opening three-to-five new stores per year. IKEA is acquiring the systems through Torex Retail and the deployment in existing stores is scheduled to be complete by mid-2007. "VeriFone's comprehensive payment solution provides IKEA with a full range of payment capabilities for today, while providing a versatile, field-replaceable platform that will protect our investment for years to come," said IKEA spokeswoman Mona Liss. The VeriFone payment system was selected because of its proven high reliability and low cost of ownership, with the ability to utilize electronic signatures for payment at all US IKEA locations. The VeriFone solution is the industry's first modular payment device to support debit, credit, signature capture, smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , contactless, and USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. and Ethernet connectivity. "VeriFone's customer-facing payment solution provides retailers with the agility to add new features, such as signature capture, contactless card and smart card acceptance, when the need arises," said Jeff Wakefield, director of marketing with VeriFone. "Retailers are able to leverage VeriFone payment solutions to take advantage of new opportunities available through advanced communications options." The VeriFone payment solution meets California requirements for the visually impaired and will enable individual IKEA stores to add features, such as contactless payment Contactless payment systems are credit cards, key fobs, or other devices which use RFID for making secure payments. The built in chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. card acceptance, when they need them through the use of the unique field-replaceable modules. Additional Resources: http://www.verifone.com/products/terminals/multilane/index.html About IKEA (www.IKEA-usa.com) There currently are more than 235 IKEA stores in 34 countries, including 28 in the U.S., where IKEA plans to open three - five stores a year. Other stores are being planned in: Brooklyn, NY; Draper, UT; Dublin, CA; Orlando, FL Portland, Round Rock, TX; Somerville, MA; and Sunrise, FL. Since its 1943 founding in Sweden, IKEA has offered home furnishings and accessories of good design and function at low prices so the majority of the people can afford them. IKEA has been named to BusinessWeek's List of The Best Global Brands (August 7,2006) and for four consecutive years, Working Mother magazine's annual list of the "100 Best Companies for Working Mothers" and Training magazine's annual "Top 100" ranking of companies that excel at Verb 1. excel at - be good at; "She shines at math" shine at excel, surpass, stand out - distinguish oneself; "She excelled in math" human capital development . Additionally, IKEA has been on FORTUNE's "100 Best Companies to Work For" list for two straight years. IKEA recently received the Foreign Policy Association Award for Global Corporate Social Responsibility. IKEA incorporates environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] efforts into day-to-day business and continuously supports initiatives that benefit causes such as children and the environment. To visit the IKEA Web site, please go to http://www.IKEA-usa.com About Torex Retail, Americas Torex Retail Americas, a division of Torex Retail Plc Headquartered in Banbury, Oxfordshire, provides store & enterprise retail solutions for the General Retail, Grocery, & Food Service/Hospitality segments. Torex Retail Plc is a global company serving over 6500 customers across 67 countries. The America offerings of Torex Retail include solution software, a highly skilled professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. team and strategic partnerships with the world's leading hardware & middleware Software that functions as a conversion or translation layer. It is also a consolidator and integrator. Custom-programmed middleware solutions have been developed for decades to enable one application to communicate with another that either runs on a different platform or comes from a vendors. Torex Retail enables retailers to assemble a total IT solution for virtually any part of their retail organization, bringing together hardware, software and middleware to support enterprise systems, store systems and mobile and pervasive computing Refers to the use of computers in everyday life, including PDAs, smartphones and other mobile devices. It also refers to computers contained in commonplace objects such as cars and appliances and implies that people are unaware of their presence. . And, with Torex' extensive professional services offerings, the company can handle all aspects of a retail solution deployment - from needs analysis and solution planning through testing, deployment and long-term operational support. About VeriFone Holdings, Inc. (www.verifone.com) VeriFone Holdings, Inc. ("VeriFone") (NYSE: PAY), a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. VeriFone delivers solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. VeriFone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and healthcare. |
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