pourquoi5 (ID#: 224751)Catuity Wins Inovation Aw

pourquoi5 (ID#: 224751) Catuity Wins Inovation Award 10/6/02 11:55:03 PM 5256307
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Just announced-Catuity has won a Verifone 2002 Innovation award for its payment and loyalty application.

VeriFone Applauds 2002 Innovation Award Winners

Value-added applications continue to drive growth for electronic payment industry

SANTA CLARA, CA., June 10, 2002 — VeriFone Inc., the worldwide leader in electronic payment solutions, today announced the winners of the 2002 VeriFone Innovation Awards. These awards recognize innovative solutions implemented by VeriFone International Partners (VIPs), customers, and members of VeriFone's Developer Forum worldwide that add value to a merchant's POS solution and generate new revenue opportunities for payment services providers.

"We are once again tremendously impressed with the quality and variety of solutions generated by our partners and customers worldwide, and welcome this opportunity to recognize their success," said Douglas Bergeron, CEO, VeriFone Inc. "Value-added applications, combined with emerging technologies, will drive growth for the payment industry and introduce opportunities to penetrate new vertical markets."

"By identifying and responding to a merchant's need for differentiation, developers are creating new business opportunities for acquirers and ISO's interested in expanding their portfolio of merchant services," said Paul R. Martaus, President, Martaus & Associates. "Additionally, value-added applications are opening up broad avenues of discovery in non-traditional point-of-service environments."


Loyalty and gift card applications that enhance the consumer's shopping experience, and provide merchants with a means of identifying and rewarding valuable customers, are essential to helping payment services providers improve merchant retention in today's competitive business environment. VeriFone and Valutec have developed a pre-packaged gift card and loyalty solution that can be securely deployed on the same terminals used for credit and debit, without requiring re-certification of the existing payment application.

The pre-paid telecom card market continues to grow for traditional and non-traditional retail merchants seeking to extend value and convenience to their patrons. Pre-paid activation and reload applications are an important source of revenue for acquirers and ISO's interested in expanding their total services offering at the point of sale. Red Roof Inns and Motel 6, two brands of Accor Lodging North America, have implemented a pre-paid long distance activation and delivery service, using VeriFone terminals supporting Atrana's MicroPortal technology.

New applications are also designed to improve operations in non-financial markets, such as the healthcare industry. Insurance Benefit Spot Check, Inc. combines healthcare eligibility verification with financial collection at the point-of-service in a doctor's office or medical facility.

Consumer demand for convenience is a driving factor in the emergence of biometric technology. Shoppers using the 'Pay-by-Touch' solution from Indivos have the ability to pay for items by simply placing their finger on a device connected to a VeriFone terminal, while retailers enhance their ability to manage payment types, speed the checkout process and help reduce fraud.

Additionally, new solutions designed with speed of payment in mind are opening new opportunities for card acceptance, such as Quick Service Restaurants (QSR). Visa U.S.A. has partnered with VeriFone to develop a solution to speed the process by accepting payment at the point-of-order in the drive-through lane. The solution is being tested at restaurants in Atlanta, Georgia and Redwood City, California.

The following 22 winners were selected to receive a 2002 Innovation Award:

North America:

1) American Payment Systems, Inc.: pre-paid telco application
2) Atrana: Microportal solution to deliver value-added services to the point of sale.
3) Catuity, Inc.: payment and loyalty application.
4) Ernex Marketing Technologies, Inc.: loyalty and gift card application.
5) Fidelity Express: money order/gift certificate/official check issuance, bill payment, check verification and conversion services, age verification applications.
6) Insurance Benefit Spot Check, Inc.: healthcare eligibility verification and financial collection.
7) Indivos Corporation: biometric identification for payment and loyalty
8) NPC: implementation of cafeteria payment and loyalty program
9) Ontain Corporation: remote order and pay for QSR industry
10) Paymentech: payment and gift card solution tailored for quick service markets.
11) ValuLink: electronic gift card and loyalty solution.
12) Valutec: loyalty and gift card application.
13) Visa USA: drive-through solution for the QSR industry

Latin America and the Caribbean:

14) APPI Tecnologia S.A.: electronic ordering and distribution via WAP technology
15) Hiper Peru: loan installment payments at the retail point of sale
16) IDEA C.O. Mexico: pre-paid telecom solution
17) Management Control Systems Ltd: pre-paid cellular reload solution.

Europe, Middle East and Africa:

18) Computercentrum C. van de Velden B.V.: rapid certification for growth markets including Belgium, The Netherlands, Germany and Switzerland

Asia Pacific:

19) Chia Hsin RMC Corporation: EMV payment, smart card loyalty and couponing application.
20) GHL Systems Sdn Bhd: NetAccess network consolidation solution.
21) China Sing Lee International Trading Ltd: security trading at the POS.
22) Remax International Inc: healthcare services authorization.

About VeriFone, Inc.