Countertop VX 520 and portable VX 675 certified by Saudi Arabian Monetary Agency (SAMA)
Jeddah, Saudi Arabia: 24 August 2014 - VeriFone Systems, Inc. (NYSE: PAY) announced today the introduction of two EMV-ready payment terminals from VX Evolution--its latest line of portable and countertop terminals--to the Kingdom of Saudi Arabia market with its partner, International Turnkey Systems Group (ITS), an integrated IT solutions and software services provider.
The Saudi Arabian Monetary Agency (SAMA), the central bank of the Kingdom of Saudi Arabia, has certified VeriFone's VX 520, the most advanced countertop payment system, and the VX 675, the world's smallest, full-function, wireless handheld payment device. SAMA oversees the Saudi Payments Network (SPAN), the payment system in the Kingdom of Saudi Arabia that connects all ATM and point of sale (POS) terminals.
"VeriFone is committed to providing leading edge, certified terminal solutions to meet the needs of our clients in key markets," said Bulent Ozayaz, president of Southern Europe, Russia, Middle East and Africa for VeriFone. "Working in partnership with ITS, we are able to continue to extend our global payments industry leadership into the Kingdom and ultimately throughout the region."
ITS is a regional leader in software services and solutions with over thirty years of experience in the Middle East working with hundreds of banks and financial institutions. ITS assisted in developing SAMA's high-level information security system, the Saudi Arabian Riyal Interbank Express (SARIE), which provides the mechanism for all Saudi commercial banks to make and settle payments in Saudi Riyals (SAR).
"VeriFone's advanced payment terminals provide the latest capabilities and most robust security to meet the needs of banks and merchants throughout the Kingdom," said Mohamed Nigm, Sector Service Manager of Saudi Arabia for ITS, which will provide local distribution and support. "VeriFone solutions provide a wide range of communications options that meet the needs of virtually any merchant in the Saudi market.
VeriFone's payment devices are compact, easy to install and easy for both merchant and customer to use. They accommodate a wide variety of card payment options including NFC, mobile wallets, EMV, and contactless payments.
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About International Turnkey Systems (ITS)
International Turnkey Systems Group (ITS), a leading integrated information technology solutions provider, offers cutting edge solutions for numerous valued clients in the Middle East, North African, and East Asian regions, as well as the Caribbean, through our resource pool of over 1,500 skilled IT professionals based in 14 offices worldwide. At ITS, we are proud of our long and successful track record since our establishment in 1981. For more information on ITS, please visit: www.its.ws
About VeriFone Systems
VeriFone Systems 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.
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Editorial Contact:
Alex Shorter
VeriFone, Inc.
Tel: +1 770-754-3608
Email: alex.shorter@verifone.com
© Press Release 2014
