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Posts tagged with “VeriFone”

Is ViVOtech closing its doors? CEO Mick Mullagh says no

Tuesday, 31 July, 2012

The NFC (near field communication) software and POS systems company ViVOtech is reported to be shutting down its operations, despite securing nearly $100 million in funding over the past ten years. However CEO Mick Mullagh says otherwise:

“ViVOtech’s business fundamentals are strong and orders and contracts are building in both its reader and software businesses. Over the last six months the company has been executing a strategy to divest its reader business to a qualified buyer. This sale has moved slower than anticipated. ViVOtech has not ceased operations but is in the process of restructuring operations and has reduced its team to a smaller group with the goals of maintaining customer relationship and core contract work, and to address our supplier relationships and commitments, as the company completes plans to divest the reader business and focus on the Software Business. ViVOtech is in dialog with its customers and suppliers on the current situation but will be making no other public statements”.
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ViVOtech develop POS systems and NFC products such as smart posters, contactless readers, writers, and various other software programs. They have also partnered with some of the biggest players in the industry like Google (Google Wallet) and Isis in an NFC joint venture between the largest US mobile companies Verizon, AT&T, and T-Mobile.

This apparent closure comes as an unexpected turn of events, considering the staggering numbers (one million terminals shipped, 80% of the market share for NFC products in the US and double digit millions in sales) and the heavy weight brands that are using their array of products (McDonald’s, Whole Foods and Home Depot).

The questions raised on how this could have happened are abundant. The current consensus is that ViVOtech perhaps hit the market at a stage before NSF technology exceeded market expectations or that their partners VeriFone dropped the relationship in favor of pushing their own reader. Either way, one thing is for sure; the industry players are baffled by this unexpected news.

Context taken from: http://techcrunch.com/2012/07/27/report-google-nfc-partner-vivotech-shutting-down-operations/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29

Shaping the future of POS

Thursday, 31 May, 2012

Mirroring the introduction long ago of magnetic stripe technology to point-of-sale systems, the payments industry is now experiencing another important evolution; the dawn of mobile smart devices and our hyper-connected world by virtue of the Internet.

Leading theory on the future of POS is predicting it to become the second revolution in mobile technology, an all-encompassing integration with day-to-day merchant needs. From lowering transaction fees to accepting all sorts of payment types, monitoring and bookkeeping, the future role POS systems will play will be under tremendous scrutiny and importance. Future success will largely be dictated by the emerging technologies launching today.
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Key factors that will shape the POS of tomorrow:

Mobile: the next 12 months will witness the proliferation and rise of mobile as a permanent fixture as payment method. Smartphone usage rates are growing exponentially, and the creation of many focused offshoot technology companies is helping pave the way for future payment platforms.
– Security and progression to EMV: With any rapid technological advancement (especially one that handles sensitive personal payment information) security becomes an important issue. The handling and integrity of payment information will be a hot topic with policymakers and governing bodies. Furthermore it is stated that all American-based merchants will need to adopt EMV-capable POS systems by the year 2015.
– Contactless Payments: NFC is driving this trend…but will it only remain a trend? As mobile smart devices become go-to daily habits for consumers, technology like NFC could take a permanent place.
– New Technology: Innovation begats new technological advancement, but certain companies in the traditional payment industry may find it hard to deviate from the well-beaten path. Payment goliath VeriFone made a huge leap for their business by acquiring global outdoor advertising network Clear Channel Outdoors Inc, and will introduce a promotional platform to integrate with POS and payment systems.

Balance for the future of POS will lie between two paradigms: 1) the desire to enhance current systems for ease of use, or 2) to solve existing problems. The latter idea is more reactive by nature and may not be sufficient in being innovative, but nonetheless it will be interesting to see how the payment industry continues to evolve in the years to come.

Product Spotlight: Verifone VX810 Duet

Saturday, 11 February, 2012


This pay-at-the-counter device is the perfect solution for high-traffic / high-volume retail, restaurant and service environments looking for a hassle free and complete point-of-sale option. Boasting a lightweight hand-over device perfect for end-consumer usage at cash registers, the terminal is equally suited to multi-lane environments.

Complete with a powerful user-friendly PIN Pad and extensive POS capabilities, the Verifone VX810 Duet leaves merchants with many options to expand. Using the Electronic Cash Register interface (ECRi), the device can be connected to existing POS systems enabling control of transactions directly from the cash register if needed and compatible.

Entirely secure, the VX810 Duet is backed by 3DES encryption, Master/Session and DUKPT key management, is PCI PED approved and uses VeriShield authentication to keep all transactions covered and safe.

Through a simple set-up, the VX810 Duet is easy to implement and does not require additional certification for merchants, bringing you EMV capabilities right away!

iPad brings new depth to the shopping experience at Guess retail stores

Monday, 6 February, 2012

Lifestyle apparel retailer Guess has launched a program to bring innovative elements to their in-store shopping experience. Leveraging Verifone’s GlobalBay mobile retail platforms and software, Guess has set up rolling stands with iPads in approximately 12 stores across the USA. This is a test phase for the retailer, with plans to expand this program to their other locations based on the usage rates and overall functionality within their existing retail environment.

The iPad stations allow customers to shop for products in-store as usual but are seamlessly integrated into the shopping experience by exposing them to enhanced brand level content. The iPads come preloaded with GlobalBay’s Lookbook application which showcases videos, content, and an innovative product catalog function that ties to an e-commerce platform, all while integrating with current Guess POS and inventory systems. The software is stock with these backend functionality, allowing a brand to simultaneously maintain creative control over their layout and aesthetic design to properly showcase their features.

The stations are mounted on wheels, allowing employees the ability to move the mobile iPad freely in the store so they can, for example, assist further in changing rooms by suggesting alternate colors and styles to patrons who are actively trying on their products. Store managers are mandated to use the stations to help train new staff, give up-to-date product knowledge sessions, and help manage the Guess brand. Future plans for the system include the addition of a barcode scanner and credit and debit card mag stripe units to automate the checkout process, a similar trend that has taken hold in major department and grocery stores.

Will this be the end of the salesperson? Not likely, but it will modernize the way retail stores, their clerks, and their customers interact. The traditional retail shopping experience at Guess and other clothing stores alike are going to be become much more technology-driven and better equipped for enhanced service.

Optimized payment terminal for small merchants

Tuesday, 1 February, 2011

As part of an expanded range of products from VeriFone, the Optimum T4205 provides smaller businesses an easy-to-use and economically priced terminal with all of the added features to make processing card payments a breeze.

Armed with 24MB of memory and an ARM9 processor for multiple application support, transactions can be processed quickly so you can focus on turnaround and customer service at the time of purchase.
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Worried about additional set-up issues and process? Another key feature is the ability to easily upgrade to current Optimum terminals such as the T4210, T4220, M4230 and M4240, where no re-certification or modification is needed. This means a quick and painless upgrade to your payment processing system!

With built-in features such as being PCI-PED approved, HyperSafe32 to prevent merchant slamming and an optional privacy shield, encryption and data security are built right into this terminal for safe and secure transactions every time.

Quick processing, secure and easy to install, the Optimum T4205 is the “optimal” choice for small merchants.