Electronic payment firm VeriFone, Inc. announced today a series
of new
strategies, products and programs designed aimed providing Internet Service
Providers
(ISPs) with cost-effective and secure payment solutions for
their merchants.
The vPOS (virtual point of service) Hosting Software is designed to provide
ISPs with a comprehensive suite of Internet payment software, and the
ability to provide hosting capabilities for multiple merchants.
Included in the hosting suite is the vPOS (virtual point of sale) 4.0
merchant payment software. It supports a full range of standard
transactions including authorization, credit, reversal, void and
capture–as well as recurring payment, installment payment, split shipment
and purchase
cards. vPOS supports both SSL and SET
security protocols.
VeriFone also announced today that it formed relationships with financial
institutions, service providers and other Internet commerce leaders
including BroadVision, iCAT, Information
Builders, INTERSHOP, Microsoft, Open Market, Oracle and VeriSign to “bring merchants complete,
secure and convenient solutions for online payments.”
“By partnering with an electronic commerce leader like VeriFone, ISPs have
the opportunity to assist merchants of all sizes in
conducting business on the Internet,” said Elizabeth Ames, general manager,
Internet Merchant Market Division for VeriFone.
“Our established relationships with the world’s leading financial
institutions, our trusted payment products and alliances with
other leaders in electronic commerce offer merchants an integrated solution
for a seamless transition to go online.”
Verifone, a wholly owned subsidiary of Hewlet-Packard Company, follows in
its parent company’s foosteps, as HP today announced new ISP strategies and
partners today.