News

VeriFone Launch Contactless Reader Module for Omni 7000MPD Family of Payment Terminals

Tuesday 18 May 2004 18:18 CET | News

VeriFone has launched a contactless reader module for its Omni 7000MPD family of modular payment devices. The new module, which supports RFID contactless smart card payments, can be added to base model Omni 7000MPD and Omni 7100MPD terminals at purchase or after the terminals are put into use, without returning the terminals to the manufacturer.

With its new contactless module, VeriFone is targeting the growing market of retailers moving to contactless payment programs that use chips with radio-frequency technology, such as MasterCard PayPass from MasterCard International and ExpressPay from American Express. The module is also compliant with electronic transit fare cards using Mifare and other ISO 14443 compliant protocols preferred by transit system operators around the world. These standards ensure convenience for merchants and mass transit systems accepting various contactless payment cards as well as for cardholders looking to use their contactless cards for daily purchases. Trials in the United States have shown contactless payment is faster than cash. The availability of VeriFones new contactless module will contribute to these time efficiencies and will also help boost national rollouts of contactless payments at key merchants where time is of the essence. Speed and convenience are the major attractions driving the migration toward contactless payment. The consumer simply taps or waves the card in front of the reader to make a purchase. On the back-end, when a contactless payment card or key-fob is brought close to a compliant reader, the readers electromagnetic waves signal the card to activate. A small radio antenna in the card then transmits account information to the reader. The transaction continues through the authorization networks as if the card had been swiped. With the swap in & out design of the Omni 7000 family of terminals, different modules can be added at anytime to expand the base capabilities with Ethernet and USB, EMV Smart Card, signature capture and now contactless. VeriFone Omni 7000MPD family terminals using any of these modules can co-exist in the same stores with terminals that do not, giving merchants the maximum flexibility to meet their varying payment needs at the customer service desk, or in the checkout lanes. Base Omni 7000MPD family terminals deliver high performance and have ample memory to run multiple applications, including credit, debit, EBT, and WIC. They support 3DES Master Session, 3DES DUKPT and signature based biometrics. Their intuitive ATM-style interface, large keys, and Everest-style card reader make the terminals simple for consumers to use. All terminals in the VeriFone Omni 7000 family of products feature field swap-able modules that have been specifically designed to provide a simple and cost effective upgrade path for the over 1 million terminal install base of older generation VeriFone multi-lane POS terminals. This allows retailers take advantage of advanced features without re-engineering their entire POS and back-office infrastructure. Omni 7000 and Omni 7100 terminals even take advantage of existing Everest cabling and stands, to dramatically cut installation time and costs. The Omni 7100MPD features a large, 1/4 VGA touch screen that accepts finger or stylus input for processing credit, debit, EBT, loyalty, or gift transactions. The large screen also supports sophisticated customer communications such as scrolling line items, disclosure statements, company logos, and animation. VeriFones Omni 7100MPD touch screen utilizes a capacitive touch technology unique to the payments industry. This technology overcomes cost and reliability issues associated with current designs. It is the first 1/4 VGA product with a virtual pin pad to meet Visa PED requirements and it employs the brightest backlit screen in the industry, allowing for easy reading in harsh fluorescent lights or in direct natural sunlight.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Cards
Countries: World
This article is part of category

Payments & Commerce


Related

TowerGroup Predicts CLS Volume to Increase by up to 90% in Eighteen Months

Published 24 May 2004 14:18 CET | World
New research from TowerGroup predicts that CLS Bank will be settling up to 90% more instructions a day by the end of 2005. TowerGroup, independently conducted this research for a second consecutive year amongst 41 of CLS Banks Members and, for the first time, 36 customers of Members ("third parties")....