Electronic payment for postal services provided by VeriFone

The U.S. Postal Service and VeriFone Holdings, Inc. entered into a multi-year agreement valued at around $10 million according to the latest reports. Under the terms of the deal VeriFone is to provide the U.S. Postal Service with electronic payment solutions for use across the U.S.

There is a number of efficient technologies to be provided to USPS by VeriFone which ensure the lowest cost credit and debit processing services. These are Vx 570 and Vx 610. Vx 570 is a countertop payment solution with dual communications capabilities. With Vx 570 both traditional dial modem and Internet-based connectivity will be provided for 18,000-20,000 customer windows. With the VeriFone Vx 610 portable powerhouse, including both CDMA and GPRS versions the USPS will be enabled to set up remote promotions where phone lines and Internet connections are unavailable and will provide back-up capabilities in the event of a disaster that interrupts local phone services.

"This is a tremendous affirmation of VeriFone's capabilities as the premier electronic payment solutions provider and one of the most significant competitive wins of the year worldwide," said Bud Waller, VeriFone executive vice president, Integrated Solutions.