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Technology Stocks : VeriFone Holdings, Inc. (PAY)
PAY 36.12+1.8%3:35 PM EST

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From: JakeStraw4/15/2008 8:05:50 AM
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VeriFone Announces PAYware PC for Next-Generation Payment Acceptance
biz.yahoo.com
Tuesday April 15, 8:00 am ET

Successor to PCCharge Blends State-of-the-Art Styling, World-Class Functionality and a Secure Integration Platform

LAS VEGAS--(BUSINESS WIRE)--VeriFone Holdings, Inc. (NYSE: PAY) today announced PAYware PC, the next generation of its popular PCCharge payment processing solution for standalone or integrated environments. PAYware PC provides end-to-end payment processing and customer management capabilities for small-to-medium-sized merchants of all types and a simple, yet highly-secure integration platform for developers.

PAYware PC features a sophisticated, streamlined user interface inspired by the 2007 Microsoft Office system. Colorful icons and dynamic menu screens provide easy access to all features and functions so users can quickly perform any task. Most tasks, such as settlement, contract processing, report generation, database backup and update download, can be performed automatically.

The solution offers developers a simpler and more secure integration, writing to a single API, and PAYware PC’s Device Manager manages all interactions with payment devices and peripherals, simplifying integration for developers. PAYware PC can handle transactions in multiple formats and supports all electronic payment types.

“PAYware PC is a powerful, secure and easy-to-use solution out-of-the-box, but it also provides developers with a powerful platform for value-added applications,” said Paul Rasori, VeriFone vice president of global product marketing. “It builds on the heritage of PCCharge, which has been integrated into more than 700 POS systems and deployed to more than 150,000 installations, and was designed to support the evolution of Microsoft Windows.”

As a PABP-validated system, PAYware PC will help merchants achieve PCI DSS compliance. Built-in security safeguards shield and protect sensitive customer data. And administrator-level menu settings provide absolute control over database access and prevent misuse by eliminating any function from a worker’s personalized interface. Advanced fraud protections help reduce the cost of card-not-present transactions and lower the risk of chargebacks.

Available immediately, PAYware PC is ideal for a wide variety of small-to-medium-sized brick-and-mortar retailers and restaurateurs, as well as e-commerce, mail-order/telephone order (MOTO) and B2B merchants. PAYware PC works with all versions of Microsoft Windows Vista as well as Windows XP Professional and Windows 2003 Server Edition.
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