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VeriFone Inc., the worldwide leader in electronic payment solutions, today announced that PayShop, a leading provider of electronic bill payment services to the Portuguese market, is upgrading its terminals to the latest equipment in payment technology, the Omni 3750. PayShop currently holds a stock of approximately 1300 Omni 3350 terminals, which are supplied to large and small retailers throughout Portugal, providing electronic bill payments services including pay-as-you-go mobile phone recharge and utility payments, such as water, electricity and gas. The terminals have been in continuous use since December 2001 and, due to the growth of PayShop's business, are now being upgraded to VeriFone's most successful terminal ever, the Omni 3750.
Lisbon-based PayShop, which was recently purchased by Portuguese Post Offices, intends to use the enhanced functionality, memory and advanced communication technologies offered by the Omni 3750 to expand the value-added applications available on the terminal, increasing the service options and revenue opportunities available to its merchant customer base.
Luis Janeiro, Managing Director, PayShop commented, "Based on our experience with the VeriFone terminals, we've decided on a smooth evolution to the Omni 3750. Multi-application solutions are very important to the service we offer to the market, and the robustness and reliability of the VeriFone equipment was a crucial factor in our decision. PayShop is looking to build partnerships that help us launch new products into the market, and add value to the project we have been developing with great success for the last two years. We are confident that VeriFone is one of those partners."
The ability to combine payment and value-added applications securely on a single device makes the Omni 3750 the optimum device available in a rapidly changing payment environment. The Omni 3750 also offers a future-proof solution with field-replaceable Communication and Security Access Modules (SAMs), allowing additional secure smart card applications or communications options to be deployed as and when they are required, including modem, ISDN, and Ethernet communications for easy access to any IP-based network.
Commenting on today's announcement, Nigel Bidmead, EMEA Managing Director for VeriFone said, "VeriFone has again and again seen such long term commitment from our loyal customers and we are extremely pleased to be able to supply a winning solution for PayShop's retail customers in Portugal. We will continue to work closely with PayShop, helping them to enhance their customer proposition with the best EFTPoS technology on the market."
The Omni 3750 features a powerful 32-bit processor to meet the security and networking demands of Internet Protocol (IP) communications, and the toughest standards for EMV smartcards. It features up to 4MB of memory to support plenty of value-added applications. It supports advanced communications such as Ethernet, built on IP technology, which fuels "always-on" connectivity, and it has the power to securely send transactions over public or private networks using industry standard SSL encryption. The Omni 3750 features a removable communications module that can be upgraded at deployment or in the field. Finally, Triple DES and PED security help stem the tide of fraudulent tactics such as card skimming, and the Omni 3750 supports the entire set of 3DES requirements, including 3DES Master Session and 3DES DUKPT.