I haven't seen anyone mention VFI's new product premiere at DEMO97.
For those of you that don't know, DEMO97 is the top computer industry conference keyed to emerging technology. The "Premiere" designation means that it has been identified as one of the top 8 new products.
VeriFone's Personal ATM "Premieres" at DEMO 97
Leading Payment Company to Demonstrate the Power of In-Home Electronic
Cash Withdrawals
INDIAN WELLS, Calif.--(BUSINESS WIRE)--Feb. 10, 1997-- Verifone Inc , today announced
that its Personal ATM(TM) -- a hand-held smart card consumer appliance that brings the
convenience of a traditional bank ATM directly to the consumer -- has been selected by the
executive producer of Demo 97 as one of the most innovative new products of 1997.
Showcased here on the opening day of one of the industry's most influential technology conferences,
the Personal ATM is a smart card reader/writer that will operate together with VeriFone's
VeriSmart(TM) client/server system to allow consumers to connect to their bank account, via any
standard telephone line, and download electronic cash securely and conveniently in the privacy of
their home or office.
"The advent of smart cards combined with consumers' increased use of digital technology, creates
new opportunities for bank customers to access their money securely and conveniently from the
comfort of their home," said Thomas J. Kilcoyne, vice president and general manager of the
Consumer Systems Division at VeriFone, Inc. "The potential market for smart card technology is
tremendous. VeriFone has built a powerful, open solution to enable others to capitalize on that
opportunity. We plan to partner with numerous consumer appliance manufacturers to help make
smart card technology readily available to consumers."
Loading electronic cash is expected to be only one of many applications of the Personal ATM. The
power of the Personal ATM will come from the VeriSmart System - a software-centric solution,
utilizing Java(R) which will allow flexibility for future applications as the smart card market evolves.
The VeriSmart System is designed to provide a direct connection between a financial institution, a
merchant, or a service provider and their customers, allowing them to load electronic cash, access
airline loyalty miles, individual healthcare insurance, telephone and utility account information, retail
merchants and a range of other personal services -- any time, anywhere.
"The U.S. smart card market is rapidly evolving, largely under the leadership of banks and credit
card associations, along with companies such as VeriFone," Kilcoyne said. "Our Personal ATM and
the VeriSmart system will enable the technology industry to get on board easily and economically
while adding vital new services to their customers."
Only eight products are awarded "Premiere" status at Demo 97 out of the hundreds of products
reviewed, according to Executive Producer, Chris Shipley. "We choose products that are expected
to have the greatest impact on the personal technology market in the coming year," continued
Shipley. "VeriFone's Personal ATM is an exciting first in bringing smart card technology to the
consumer marketplace and it has the potential to significantly change the way we use cash for
everyday purchases."
The Companies
DEMO 97, DEMOLetter, DEMOWeekly, Agenda, Spotlight and CEOs Only are products of the
InfoWorld Conference & Media Group, a division of InfoWorld Publishing Company, Inc.
InfoWorld Publishing Company is the publisher of InfoWorld -- the pace-setting IS newsweekly
which focuses on editorial coverage of client/server products used in corporate enterprises.
InfoWorld Publishing Company is a business unit of IDG, the world's leading IT media and research
company. More information and access to 125 IDG World Wide Web sites is available at
idg.com .
VeriFone, Inc. (http://www.verifone.com), the leading global provider of secure payment solutions,
delivers electronic payment systems to financial institutions, merchants and consumers, as well as
government agencies, healthcare providers and benefits recipients. The Company's more than 30
facilities including regional offices, development centers and manufacturing and distribution centers
are located throughout North and South America, Europe, Asia, Africa, Australia and the Pacific.
VeriFone has shipped more than five million Transaction Automation systems, which have been
installed in 100 countries. The Company's 1996 net revenues totaled $472.5 million.
Note to Editors: VeriFone, Personal ATM and VeriSmart are trademarks of VeriFone, Inc. Java is
a registered trademark of Sun Microsystems, Inc. All other company names or products may be
trademarks or registered trademarks of their respective companies. |
