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Technology Stocks : VeriFone Holdings, Inc. (PAY)

PAY 36.11

+26.4%

Nov 4 3:59 PM EST

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From: JakeStraw	8/9/2012 1:13:03 PM
	of 186

VeriFone Selected for Contactless Payment Rollout in Mexico City finance.yahoo.com First Major Contactless Project in Mexico Utilizes VeriFone VX 520 and VX 820 Payment Solutions Banamex, part of Grupo Financiero Banamex and a member of Citi, is implementing a full-scale contactless payment deployment. In the first phase, several thousand VeriFone contactless-enabled card acceptance systems will be deployed to 1,900 merchants in the Mexico City metropolitan area. The bank is also issuing 100,000 contactless credit and debit cards to begin the transition to the new innovative way of payment. The bank will deploy the VeriFone VX 520 to merchants who use traditional standalone countertop systems, and the VX 820 advance PIN pad to larger retailers that integrate payment systems to electronic cash register systems.

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