VeriFone Shipments of Payment Systems Exceed 9 Million Worldwide; E-payment Leader Sets Course for the Future with Global Multi-application Platform.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Oct. 9, 2000 VeriFone, a division of Hewlett-Packard Company, today announced that it has shipped more than 9 million payment systems worldwide, approximately three times its closest competitor. Building on this history of success, VeriFone is defining the future of e-payments with: -- Verix, a multi-application platform; -- EMV-certified terminals and peripherals; and -- Innovative technologies that deliver the power and speed of the Internet to the merchant countertop. The Europay, MasterCard and Visa (EMV EMV Elektromagnetische Verträglichkeit (German: Electromagnetic Compatibility) EMV EuroPay, MasterCard, Visa (Smart debit cards) EMV Europay, Mastercard and Visa EMV Eftermiddagsverksamhet ) specification body's Level 1 certification ensures global interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. between chip-based cards and terminals worldwide. VeriFone is among the first to market with EMV-certified terminals and payment applications. "Strong sales of VeriFone products over the years are solid proof that VeriFone solutions meet the existing needs of our many market segments, and prepare our customers for the future," said Pierre-Francois Catte, vice president and general manager of VeriFone. "VeriFone's unsurpassed quality hardware and software solutions, combined with financing, training, and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , help lower the total cost of ownership for our customers." "The widespread need for multi-application devices is driving demand for our Omni 3300 series of payment terminals," said Eric Lecesne, general manager of VeriFone Appliance A stand-alone hardware device or software environment dedicated to a specific task. See hardware appliance and software appliance. Payment Operation. "In every region of the globe, VeriFone is achieving rapid certification of the Omni 3300 series of payment terminals, which features a secure, open architecture, application separation and smart card capability." Demand is expected to increase as the emergence of Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the connectivity at the point of sale and wireless payment-enabled devices drive the need for open, multi-application terminals that allow payments to be made anytime, anywhere. VeriFone credit, debit A monetary amount that is subtracted from an account balance. A debit from one account is a credit to another. See credit. and smart card products provide secure, reliable e-payment solutions designed for the multi-lane retailer, petroleum/convenience stores, financial institutions, government agencies and payment services providers. VeriFone is continuing to develop solutions to meet the needs of new industries embracing e-payment. About VeriFone VeriFone (http://www.verifone.hp.com), a division of Hewlett-Packard Company, is the leading global provider of secure electronic-payment solutions for financial institutions, merchants and consumers. The division has shipped more than nine million electronic-payment systems, which are used in more than 100 countries. About HP Hewlett-Packard Company -- a leading global provider of computing computing - computer and imaging solutions and services -- is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and an Internet infrastructure that's always on. HP has 86,000 employees worldwide and had total revenue from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the of $42.4 billion in its 1999 fiscal year. Information about HP and its products can be found on the World Wide Web at http://www.hp.com. |
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