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Technology Stocks : VeriFone Holdings, Inc. (PAY)
PAY 36.17+1.9%12:09 PM EST

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From: JakeStraw2/24/2010 8:40:41 AM
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VeriFone Wins Sberbank Order
finance.yahoo.com

Leading Role in Plans by Largest Bank in Russia and Eastern Europe to Deploy Approximately 130,000 Systems among Merchants

February 24, 2010, 7:00 am EST

SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Holdings, Inc. (NYSE: PAY) today announced a multimillion-dollar order for a portfolio of its leading payment solutions by Sberbank, Russia’s largest bank.

VeriFone was the leading vendor selected by Sberbank, which ultimately intends to distribute approximately 130,000 payment solutions among merchants. The bank will utilize VeriFone countertop and wireless payment solutions, as well as PIN pads. Sberbank will deploy the Vx 510 dial, Ethernet and GPRS countertop solution, the Vx 610 wireless system, the Vx 810 programmable PIN pad and the PP1000SE PIN pad.
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