VeriFone Systems Used in Hungary’s First Contactless Payment Rollout
OTP Bank and MasterCard Initiating PayPass Cards This Year
SAN JOSE, CA - February 2, 2010 – VeriFone Holdings, Inc. (NYSE: PAY) today announced that its payment systems are being used by OTP Bank of Hungary in that country’s first rollout of MasterCard PayPass contactless cards.
OTP Bank, the largest bank among Hungarian credit institutions and the dominant player in each segment of the Hungarian banking market, is being supplied by VeriFone’s local partner, INPAS International Kft., with the contactless version of VeriFone’s highly-ergonomic PINpad 1000SE, which offers a fast and simple way to accept the latest in both PIN-based and contactless payment.
“Contactless is a simple upgrade solution for merchants using the PINpad 1000SE,” said Adam Biedrzycki, VeriFone general manager for Continental Europe. “We applaud OTP Bank’s efforts to provide the convenience of MasterCard PayPass payment to Hungary’s consumers and merchants.”
“The launch of contactless payment in Hungary opens new market opportunities for all participants and demonstrates the synergy of these parties in delivering innovative technologies into European markets,” said Igor Stukanov, Vice President, INPAS Company’s director for business development.
The contactless PINpad 1000SE combines two payment peripherals—PIN entry and contactless—into one space-saving device that reduces costs and support burdens. Suitable for use worldwide, the PCI PED approved PINpad1000SE contactless version is backward-compatible with earlier versions, and features USB or serial connectivity for easy connection to electronic cash registers and POS devices.
Additional Resources:
http://www.verifone.com/pin-pad/pinpad1000se.aspx
About INPAS Company (www.inpas.ru 
)
INPAS (Innovative Payment Solutions) is the largest supplier of technological solutions for acquiring networks. INPAS, the leader in payment integration, is the official representative and partner-distributor of VeriFone EFT POS systems in Russia and the former CIS countries, and since 2007 in Hungary. INPAS actively promotes VeriFone contactless technologies to bank and non-bank organizations, state services and for social projects. It also specializes in highly effective software development for the region.
About VeriFone Holdings, Inc. (www.verifone.com)
VeriFone Holdings, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
