VeriFone announced last week that its VX 520 device is the first to be certified by France’s national interbank network for mobile and contactless payments.
The VX 520 device will provide secure payment acceptance for the network’s 130 banks and institution members, 1.2 million points-of-sale and 60 million cardholders.
“Being the first to achieve compliance… helps validate VeriFone’s strong commitment to France as its leading provider of NFC mobile payment solutions,” Vincent Roland, the vice president and general manager of France for VeriFone, said. “Banks and other financial institutions within the CB Bank Card Group can now offer their merchants the unprecedented performance of the VX 520, which can handle encryption, decryption and processing at lightning speeds, as well as the flexibility to manage multiple payment applications, mobile wallets, apps and value-added programs such as gift cards and loyalty.”
The device is also PCI-, EMV- and PTS 3-compliant and features a backlit screen and keypad. It also features a number of connectivity options, including local ECR and dial to Ethernet, and can be equipped with an optional PIN pad.
“The multiple connectivity options provide merchants with features that will boost productivity and accommodate customer interactivity, while the generous memory will support the most demanding value-added applications such as the multichannel Paybox thin client,” Roland said. “This first step is a milestone towards new certifications that strengthens VeriFone’s position in France.”