VeriFone Holdings, Inc. announced it has acquired the
remaining minority interest in VeriFone Transportation Systems and
aligned all VTS operations within VeriFoneâs Integrated Systems
organization. Financial terms were not disclosed.
VTS was formed as a joint venture with TaxiTronic, Inc., in 2005, for
the purpose of equipping taxis with integrated fleet management and
customer payment systems. Acquiring the remaining minority interest in
VTS allows VeriFone to further drive the rapid adoption of the payment
systems within the transportation segment, particularly in international
markets.
The Integrated Solutions organization will advance VeriFoneâs
development and implementation of integrated solutions for
transportation and a strategy of driving payment solutions and
transactions as well as advertising sales by the recently formed
VeriFone Media Solutions group.
Amos Tamam, the former CEO of VTS, has been named senior vice president,
Taxi Systems, with responsibility for expanding taxi solutions sales
throughout the U.S. and internationally in key markets including London,
South Africa and Bermuda.
About VeriFone Holdings, Inc. (www.verifone.com)
VeriFone Holdings, Inc. 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.
