Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

VeriFone expands European effort

Tuesday, June 3, 2008

VeriFone Holdings Inc. has announced a new market initiative in its European, Middle East and African operations. The company will reorganize its management team and sales and marketing efforts into two market-focused teams, one focused on continental Europe and the other focused on Northern Europe, the Middle East and Africa.

One team will be headed by a longtime VeriFone executive, the other by a newcomer to the organization. Nigel Bidmead, part of VeriFone’s management team since it split from Hewlett-Packard, will be managing director for Northern Europe, the Middle East and Africa. Yolanda Rousselet will be responsible for VeriFone activities in continental Europe, including Russia. Rousselet is the former head of international sales for Sagem Monetel, now a subsidiary of Ingenico. Rousselet also has held several management positions with subsidiaries of Ingenico.


According to VeriFone CEO Douglas G. Bergeron, the company hopes to double its sales in the growing European, Middle East and African markets over the next few years. The new territorial teams are the first step toward that goal. [end] 

VeriFone Systems has revealed a new counter top payment terminal that accepts magnetic stripe, EMV chip, contactless card and NFC mobile transactions.

According to VeriFone, the “H5000” is designed to succeed the Artema Hybrid terminal from Hypercom, which Verifone acquired in August. The device features one card reader slot that accommodates all card types - EMV chip, contactless and magnetic stripe - and an integrated NFC reader for mobile payments and value added services. Other features include a PIN pad, color screen, 32-bit ARM11 400MHz processor, graphical user interface and optional printer.

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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 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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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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Cheshire Integrated Transport Services teamed up with Applied Card Technologies (ACT) and sQuid to expand a UK smart card offering to the West Cheshire College and Chester College campuses.

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