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Technology Stocks : Verifone (VFI)
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To: Stiff who wrote (192)1/29/1997 11:30:00 AM
From: Nicholas P. Acquaviva Jr.   of 369
 
Wednesday January 29 8:15 AM EDT

VeriFone Announces First SET Pilot Customer, Opening the Door for Internet
Commerce In Japan

The Sumitomo Credit Service Co. Ltd. To Offer Secure Payment Processing to Merchants

REDWOOD CITY, Calif.--(BUSINESS WIRE)--Jan. 29, 1997-- Verifone Inc today announced The Sumitomo Credit Service Co. Ltd. as the first
customer for VeriFone's Secure Electronic Transaction (SET) Pilot Products.

These products provide secure end-to-end Internet payment capabilities and consist of VeriFone's vPOS, vGATE, and vWALLET software. These
products will offer Sumitomo's merchant customers a complete SET-compliant Internet payment solution. This SET pilot is scheduled to be held in
Japan by Sumitomo.

biz.yahoo.com

More news!! Plus I've been looking at MarketEdge and here is what I found:

www.Marketedge.com has a free month subscription. I looked at VFI and they had 10/9/96 Lehman Brothers wrote: AT&T Universal Card and CyberCoin "While there is always the possibility that, in time, both these two new recent product announcements will compete directly against VeriFone in the merchant processing marketplace, this does not represent a competitive threat to VeriFone with its VPOS and VGATE product lines."

VeriFone owns 900,000 shares of CyberCash.
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