Verifone Strengthens Position in Swiaa Market

Monday 6 October 2003 17:40 CET | News

VeriFone has strengthening its presence in the Swiss market through the acquisition of VeriFone International Partner CCV CardPay AG by Jeronimo, the card payment terminal leader in French-speaking Switzerland.

Under the terms of the deal, the Dutch CCV group has become a majority shareholder in Jeronimo. Both companies will continue to operate under their respective names following the acquisition, which was announced to customers at a large event in Switzerland where the VeriFone equipment being launched to the Swiss market was demonstrated. The acquisition provides national reach for Jeronimo which, together with CCV-CardPay, is now the second biggest supplier in the Swiss card payment solution market with nearly 15,000 installed terminals. VeriFone?s latest range of industry-leading products will be made available to customers across the territory, including the Omni 3740 and the SC 5000 smart programmable PINpad, which have been successfully trialled in a Zurich pilot as part of ep2, the joint project by acquirers to implement the EMV payment standard Swiss-wide. With technology support from the CCV group and an emphasis on research and development, a key strategic goal for both companies will be to extend their range of products and develop new applications to meet the fast-changing requirements of customers throughout the country. The VeriFone Omni 3740 terminal packs performance, convenience, and an exceptional range of payment capabilities into an affordable, ergonomic hand-over device that can be easily passed to customers for PIN entry. Compact, all-in-one design combines a mag-stripe reader, internal PINpad, and quiet, fast thermal printer. The Omni 3740 runs VeriFones Verix multi-application architecture, offering support for value-added applications like pre-paid phone cards, loyalty programs, gift cards and age verification. The SC 5000 provides an easy migration path to upgrade installed terminals or electronic cash registers to support global smart card solutions based on EMV specifications. The SC 5000 is protected by a broad range of software-based security features and adheres to Triple DES (3DES) encryption standards being adopted by the payment industry to raise the level of fraud protection for PIN-based debit transactions.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce