Verifone Launches new Managed Service for Banks and Acquirers

Wednesday 12 January 2005 20:48 CET | News

VeriFone has launched its managed service for acquirers and banks in the UK with the announcement that the Omni 3750 solution has been approved by Lloyds TSB Cardnet following end-to-end certification by MasterCard.

The Chip and PIN-enabled APACS 40 software was awarded full certification on the first round of testing with Cardnet’s processor, First Data International. VeriFones new managed service, which includes leasing, deployment, helpdesk, administration and processing, is being launched to provide a fully managed offering for VeriFones acquirer and bank customers. VeriFone is planning to extend its managed service to other UK acquirers. The Omni 3750 features a powerful 32-bit processor to meet the security and networking demands of Internet Protocol (IP) communications, and the toughest standards for EMV smartcards. It features up to 6MB of memory to support plenty of value-added applications. It supports advanced communications such as Ethernet, built on IP technology, which fuels ‘always-on’ connectivity, and it has the power to securely send transactions over public or private networks using industry standard SSL encryption. The Omni 3750 features a removable communications module that can be upgraded at deployment or in the field. Finally, Triple DES and PED security help stem the tide of fraudulent tactics such as card skimming, and the Omni 3750 supports the entire set of 3DES requirements, including 3DES Master Session and 3DES DUKPT.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce