News
VeriFone Announces Public Transportation Payment and Management Solutions
VeriFone Holdings, Inc. (NYSE: PAY) today exhibited the breadth of its payment and management solutions for public transportation at the Mobility & City Transport Exhibition of the International Association of Public Transport (UITP) World Congress and Exhibition here (Booth 1D314).
VeriFone is exhibiting a broad slate of products and management solutions spanning automated fare collection, taxi payment and media systems, ticketing and card loading, and dispatch and fleet management.
"Payment is at the hub of public transportation systems and transit authorities are leveraging the emerging contactless payment technology to drive system modernization efforts," said Soner Casur, Vice President & General Manager for VeriFone South East Europe, "VeriFone is utilizing is industry-leading payment expertise to develop the most comprehensive and integrated components and end-to-end management solutions for public transport environments."
VeriFone has deployed transportation systems around the world, from Istanbul to Singapore to New York City, and supports both EMV and non-EMV bank-issued cards as well as closed-loop cards, such as MiFare cards. It is utilizing the UITP venue to bring together its complete public transportation portfolio for the first time, displaying product and management solutions that include:
* Automated Fare Collection - VeriFone's solution enables municipalities to operate fully automated payment utilizing contactless payment for various modes of transport, integrating with back-office information systems as well as the systems employed by banks, dealers, government offices and transport companies.
* Integrated Taxi Payment and Media - VeriFone has deployed more taxi management and payment solutions worldwide than any other vendor, ranging from taximeter-based integrated card processing systems to individual and payment wireless solutions. Passenger Information Monitors support the delivery of entertainment, directory and multimedia information for passengers, as well as location-based services.
* Ticketing and Card Top-Up - Unattended self-service solutions from VeriFone make it easy for passengers to purchase and reload cards. More than 2,000 systems deployed by VeriFone support high-volume usage and enable realtime data mining, pricing and revenue controls.
* Fleet Dispatch and Management - VeriFone's integrated dispatch and management solutions enable fleet operators and municipalities to more efficiently direct taxis to the areas where they are most needed. With GPS and GPRS communications tracking movement, checking fuel levels and monitoring revenue, VeriFone's solutions increase productivity while improving productivity and customer service.
* End-to-End Information Management - Complete systems development services specifically geared to transportation solutions, including requirements analysis, systems design, project management, development and integration.
VeriFone is a global leader in secure electronic transaction solutions. The company's devices and systems process a broad spectrum of payment types including signature and PIN-based debit cards, credit cards, EMV smart cards, contactless, value-added applications, and signature capture. Our solutions incorporate existing and emerging technologies, comply with the latest global security standards, and take advantage of the latest connectivity options from GPRS, CDMA, and Wi-Fi to IP and Bluetooth-enabled devices.
Additional Resources:
http://www.verifone.com/events/uitp-2009.aspx
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.