SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VeriFone Holdings, Inc. (PAY)
PAY 36.10+1.8%3:19 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: JakeStraw9/24/2008 8:43:34 AM
   of 186
 
Heartland Payment Systems Leverages VeriFone Managed Services for Tableside Payment System
biz.yahoo.com
Wednesday September 24, 8:00 am ET

Heartland's Tableside Provides Restaurants with Easy-to-Manage Wireless Payment Solution for Enhanced Convenience and Security

SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Holdings, Inc. (NYSE: PAY) announced today that Heartland Payment Systems (NYSE: HPY), one the of nation’s largest payments processors, has certified VeriFone’s ON THE SPOT pay-at-the-table managed services solution for nationwide use. Heartland is marketing this pay-at-the-point-of-service technology to restaurant customers under the Heartland TablesideSM brand.

Tableside utilizes the VeriFone Vx 670 handheld system with Wi-Fi and the managed services model that VeriFone developed. This provides restaurants with many of the advantages of integrated systems without the need to invest in expensive restaurant management systems.

“VeriFone’s wireless payment and managed services solution is ideal for independent restaurants and small chains that want to provide diners with faster, more secure card payment options,” said Mike English, Heartland’s executive director of product development. “Heartland Tableside enhances our ability to provide restaurants with quick, dependable service and easy, cost-effective access to enhanced processing and reporting capabilities.”

The Vx 670 improves the customer experience by reducing the time and number of steps to complete the payment transaction while virtually eliminating the potential for card skimming or tip alteration. In addition, Heartland Tableside enables restaurant operators to comply with Payment Card Industry Data Security Standards (PCI DSS) requirements by storing card transaction information on a secure remote IP gateway.

“VeriFone’s ON THE SPOT solution further enhances Heartland’s tailored solutions specifically crafted for the restaurant market,” said Jeff Dumbrell, VeriFone executive vice president. “Together, VeriFone and Heartland are providing restaurants with advanced value-added services and the tools to improve operations.”

With Heartland Tableside, any one of multiple Vx 670 systems in a particular restaurant can initiate or complete a transaction. Tip capture can be completed at the point of service, saving time at the end of the shift as no adjustments are required. Batch closing can be pre-programmed on the managed services gateway, which also provides sophisticated reporting functions and transaction history that can be reviewed from any computer with Internet access.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext