VeriFone Launches Second-Generation Mobile Payments Solution

Feb. 22, 2011

VeriFone Systems, Inc. has launched the next generation of its PAYware Mobile Service for global markets. The most recent version of its software features VeriFone’s mobile payment solution and gateway service and brings international payment standards including NFC and EMV smart card, with PCI-compliant PIN keypad for Chip and PIN transactions, to popular smart phones. The company said the new software will enable small businesses around the world to accept smart card, mag-stripe card and contactless-based payments anywhere at any time. “PAYware Mobile struck a chord with micro merchants in North America who wanted to be able to quickly and securely accept credit card payments anywhere by leveraging a cost-effective, mobile smart phone,” said Paul Rasori, VeriFone senior vice president of marketing. “VeriFone is now leveraging our global partnerships and distribution capabilities to provide a mobile payment platform that supports regional demands for EMV, NFC-based applications, and secure, PCI-compliant PIN entry.”