VeriFone launches plug-and-play contactless offering

VeriFone Holdings represents the QX1000 plug-and-play solution for adding contactless card payment acceptance to existing point-of-sale devices, electronic cash registers (ECR) and PCs. The QX1000 is a global contactless solution from the leader in payments and is suited to the widest range of EMV and mag-stripe contactless cards from Visa, MasterCard, Discover and American Express, as well as non-payment applications such as MiFare. Owing to VeriFone's SingleCI acquirers are able to leverage their existing investments in contactless platforms. In addition, it future-proofs new investments by providing development tools that enable acquirers to easily add new features and applications, and adapt to future technologies, such as Near-Field Communications (NFC). VeriFone's advanced contactless architecture supports software-based security access modules (SoftSAM) for multiple payment and non-payment applications, such as transit. SoftSAMs can eliminate the need for hardware-based SAMs and offer the flexibility of remote updates. The distinctive feature of the QX1000 architecture is that it supports "side-by-side" applications, which creates an easy way to re-certify just one application when payment specifications change, instead of having to re-certify all applications in use. The QX1000's "touch and go" design and high-speed processor is ideal for a variety of retailers - from quick service restaurants and petro stations to retail stores, parking garages, movie theaters and sports arenas and it keeps checkout lanes moving. Multiple LEDs and a buzzer clearly communicate transaction status to both the consumer and the merchant allowing for a quick and easy payment experience. The system will be available beginning in June.