Contactless Smart Cards, RFID, Payment, Transit and Security

VeriFone to deploy mobile payment solution to South Africa

Thursday, January 7, 2010

In an effort to modernize taxis in South Africa, iMobilise Transportation Systems signed on VeriFone Holdings Inc. to provide digital payment technology and media solutions.

VeriFone technology will be installed in nearly 1,500 taxis. The systems will provide passengers with payment options including credit cards, Chip and PIN-based debit, and contactless. Deployment of the systems will begin in the spring in time for the World Cup. [end] 

VeriFone Systems has completed its acquisition of Point, Northern Europe’s largest provider of payment and gateway services and solutions for retailers.

According to VeriFone, Stockholm-based Point has operations in 11 European countries and serves a network encompassing nearly 475,000 merchant contracts. Through this network, Point offers retailers a range of multi-channel services and solutions, including point-of-sale technology and support, gateway services, card encryption services, and e-commerce processing.

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Global apparel brand GUESS Inc. has implemented the VeriFone GlobalBay retailing solution inside a dozen or more of its U.S. outlets, engaging in-store shoppers with interactive kiosks to enhance the overall shopping experience and generate additional sales.

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Payment terminal provider VeriFone Systems is riding out the European debt crisis with positive numbers for the fourth quarter, all while rapidly rolling out payment terminal installations in Latin America, reports American Banker.

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VeriFone Systems has announced the acquisition of Global Bay Mobile Technologies in order to expand its mobile retail offerings.

VeriFone, a supplier of point of sale equipment, says the acquisition is the latest development in their strategy to bring new smart phone and tablet-based shopping and payment experiences to retail organizations. Terms of the transaction, which closed effective immediately, were not disclosed.

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Absa, the largest consumer bank in South Africa, has announced an internal trial of NFC-enabled contactless payments, according to IT News Africa.

Scheduled to kick off later this month, the pilot will see 500 Absa employees equip their BlackBerry smart phones with NFC-enabled MicroSD cards that can be used to make contactless payments.

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Mobile payment solution provider I Love Velvet announced that it has reached the second level of EMV certification (EMV2) which authorizes PIN and integrated chip payments from debit, credit and smart cards around the world.

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