VeriFone, a division of Hewlett-Packard Company, yesterday announced that Vital Processing Services, a leading full-service merchant processing company, has certified and fully supports VeriFone’s new Omni 3200 point-of-sale (POS) terminal running SoftPay 2.1, the latest version of VeriFone’s retail and restaurant payment-authorization software.
The announcement was made here at the Vital Client Symposium. “Our goal is to provide our clients with the most current and cost-effective payment systems available in today’s marketplace,” said Donna Embry, senior vice president of Product Development and Marketing at Vital. “We are pleased to offer the VeriFone Omni 3200 terminal and SoftPay software as a state-of-the-art solution for accepting a variety of electronic payments at the point of sale.”
“By certifying the Omni 3200 and SoftPay solution, Vital will help bring merchants into the next century, with an innovative point-of-sale solution that can accept virtually any type of electronic payment,” said Bud Waller, vice president and general manager of North America for VeriFone. “With VeriFone’s SoftPay software, merchants can accept new forms of payment with minimal impact to the way they do business today.”
The Omni 3200 contains a fully integrated thermal printer, which helps to reduce costs through simplified installation and improved reliability, thanks to fewer moving parts and cables. In addition, the covered paper path greatly reduces paper jams. The large graphical display and familiar ATM-style, screen-addressable keys provide a simple, familiar interface to improve clerk operation and reduce merchant training and help-desk costs. Through its modular design and Flash memory, upgrades can be deployed and terminals can be managed remotely, eliminating the need for additional on-site maintenance. The compact design of the terminal takes up less counterspace than comparable solutions. Compatibility with VeriFone’s SoftPay software ensures that the Omni 3200 can support existing SoftPay applications, with minor changes to the user interface, and enables rapid development of new applications.
SoftPay software provides merchants with the flexibility to process credit, debit, check and EBT transactions on one device at the point of sale. The software package, which includes SoftPay Assist, a PC-based configuration software tool, and a flexible terminal application, allows for a wide range of options that can be tailored to meet specific merchant requirements.
About Vital Processing Services
Vital Processing Services(R) (Vital(TM)) is a leading full-service merchant processing company. Its clients include financial institutions and their agents that provide payment card processing to merchants. Headquartered in Tempe, Vital offers financial institutions and their agents portfolio management services and merchant POS products without competing with their merchant business.
Its services include merchant POS products, electronic authorization and data capture; Internet commerce; clearing, settlement and exception processing; merchant accounting, billing, and reporting; operational fulfillment services (including chargeback and retrieval processing); risk management; and customer service. Vital is a merchant processing joint venture of Visa(R) U.S.A. and Total System Services, Inc.(R) (TSYS(R)) (NYSE:TSS)(www.totalsystem.com). Vital’s Internet address is [www.vitalps.com].
VeriFone (), a division of Hewlett-Packard Company (NYSE:HWP) is the leading global provider of secure electronic payment solutions for financial institutions, merchants and consumers. VeriFone has shipped more than 7 million electronic payment systems, which are used in more than 100 countries.
Hewlett-Packard Company — a leading global provider of computing and imaging solutions and services for business and home — is focused on capitalizing on the opportunities of the Internet and the proliferation of electronic services.
HP had computer-related revenue of $39.5 billion in its 1998 fiscal year. HP plans to launch a new company consisting of its industry-leading test-and-measurement, semiconductor products, chemical-analysis and medical businesses. These businesses represented $7.6 billion of HP’s total revenue in fiscal 1998. With leading positions in multiple market segments, this technology-based company will focus on opportunities such as communications and life sciences. HP has 123,000 employees worldwide and had total revenue of $47.1 billion in its 1998 fiscal year.