Garanti Bank to Deploy New VeriFone Vx Solutions

Tuesday 14 December 2004 11:17 CET | News

Turkish Bank is early customer win for newly introduced Vx 510 Payment System.

Garanti Bank has opted to deploy the newly announced Vx 510 payment system, one of the first models in the recently introduced VeriFone, Inc., Vx Solutions family. The banks decision follows the successful release of 18,000 units of the VeriFone Omni 3750 to the banks merchants in 2004. Garanti Banks Bonus Card Program is one of the most widespread and sophisticated card programs in Turkey, offering co-branded loyalty, installment and EMV. The highly complex Bonus Card application easily ports to the new Vx systems, demonstrating the compatibility of the new product line to the existing VeriFone Omni family. The first Vx 510s were certified by the bank and were introduced to merchants in September 2004. Garanti Bank has now started planning the next phase of their migration to the VeriFone Vx 510. Utilizing 32-bit ARM9 microprocessors, the high performance and highly secure Vx Solutions feature an advanced hardware and software architecture to assure maximum throughput at the checkout counter. Featuring a consistent user interface across multiple form factors and price points, Vx Solutions are designed to simplify everything from sales, merchant and helpdesk training to software development and terminal management. Vx Solutions provide a secure payment processing environment with advanced hardware tamper detection and response, PIN Entry Device security approval and 128-bit SSL encryption for IP based transaction processing and application downloading. Instrumental in this deployment is ITD - Ýletiþim Teknoloji Danýþmanlýk Tic. A.Þ. -- a VeriFone International Partner (VIP) headquartered in Istanbul. Bonus Card is the first multi-branded chip-based credit card in Turkey, offering flexible reward and loyalty program for both cardholders and partner merchants. Its main feature is to provide tangible financial benefits, such as cash back and installment facilities to customers and strong marketing and loyalty support to partner merchants, increasing their customer numbers and sales volume.

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Categories: Payments & Commerce | Payments General
Countries: World
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