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New York City Subway Testing Contactless Payment System

November 27, 2006 By News Report

VeriFone Holdings Inc. today announced that it is providing the integrated payment solutions being used in the contactless subway trial under way in New York City.

The solution includes the VeriFone Secura system with contactless smart card capabilities, together with management software. The current pilot is being managed by the New York City Metropolitan Transportation Authority and involves the participation of VeriFone, Citibank and MasterCard (NYSE: MA).

The pilot began this summer and involves 80 systems installed at various Metro stations. The pilot is open to any of the 50,000 Citibank contactless customers with a Citi credit and Citibank debit payment tag, or Citi credit or Citibank debit MasterCard card with the PayPass logo.

Douglas G. Bergeron, chairman and CEO of VeriFone, said: "This is a prime example of VeriFone's future, where we will increasingly be providing the integrated payment software and related technology for deployment in non-traditional locations such as turnstiles."

The VeriFone Secura unattended payment system is a highly secure solution set that is currently used in the London Underground, kiosks and vending machines throughout Europe, according to the company.

| More

Utah Transit Authority Showcases Open Payment System

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