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Technology Stocks : VeriFone Holdings, Inc. (PAY)

PAY 36.16

+1.9%

3:59 PM EST

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From: JakeStraw	11/17/2010 8:26:50 AM
	of 186

Elavon to Market VeriFone’s PAYware Mobile Solution for iPhoneTM finance.yahoo.com ATLANTA & SAN JOSE, Calif.--(BUSINESS WIRE)-- Elavon, a wholly-owned subsidiary of U.S. Bancorp (NYSE:USB) and leading global payments provider, will market and support VeriFone Systems, Inc.’s (NYSE:PAY) PAYware Mobile secure card payment system for iPhone™. The solution transforms the iPhone into a mobile payment device with a card encryption sleeve that allows merchants to capture data via card swipe, a more secure, cost effective method than manually entering data. PAYware Mobile will be marketed through Elavon’s established sales channels including bank relationships, telesales, third-party providers and associations. It extends the flexibility of accepting card payments wherever and whenever a merchant requires, and offers real-time reporting including extensive transaction search capabilities. The PAYware Mobile app is PCI compliant, and the card encryption sleeve is compatible with the iPhone 3G and 3GS.

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