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Verifone signs major Payment as a Service deal

Verifone says that Westpac Banking Corporation will be the first bank in Asia Pacific to deploy its new handheld EMV and NFC-enabled terminal solution that is fully supported with payment as a service from Verifone.

With more than 13 million customers, Westpac is one of the largest financial services

Verifone vx 690

Verifone signs major Payment as a Service deal

institutions in Australia and New Zealand. The Group will provide the VX 690 payment terminal from Verifone along with full terminal management support through Verifone’s Payment as a Service platform.

A handheld payment terminal, the VX 690 can accept all types of payments – including EMV, NFC and mobile wallets. It features Bluetooth, 3G radio and Wi-Fi connectivity that meets merchants’ demands – especially where multiple connectivity options are increasingly required for payment device acceptance. The terminal will also be able to accept cards branded by UnionPay International (previously China UnionPay).

Verifone’s Payment as a Service platform will enable merchants to connect the terminals to Verifone’s gateways for efficient transaction routing, simplified device monitoring and enhanced payment security and compliance. Each terminal is also backed by Verifone’s call center and field support services.

“This new platform provides Westpac Group a core end-to-end solution to help solve payment challenges for merchants, enhance the customer experience and easily go to market with additional payment products and services in the future,” said Peter McLeod, General Manager of Australia and New Zealand for Verifone.

“The ability to simplify payments and enhance customer service are just some of the reasons we continue to see an increasing number of financial institutions and merchants outsourcing the deployment and management of their payment systems to us.”

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