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PAYware Mobile is an iPhone Payments Solution

Business Management

The product provides small businesses with secure card processing capabilities on the smartphone platform.

| March 11, 2010

SAN JOSE, Calif. – VeriFone Holdings has introduced PAYware Mobile, a complete payment solution for the Apple iPhone that provides small businesses with simple and secure card processing capabilities on the smartphone platform. VeriFone’s payment solution for the iPhone puts mainstream payment processing capabilities in the hands of small business merchants such as pest control owners..

PAYware Mobile includes a PA-DSS approved payment app and a sleek and durable card reader that slips over the iPhone to accommodate card swipes and allow merchants to avoid high-cost “card-not-present” fees. The combined hardware and software provides strong card payment security available for the iPhone, including VeriFone’s VeriShield Protect end-to-end encryption solution as a standard feature.

Transactions initiated by PAYware Mobile will be managed through VeriFone’s
PAYware Mobile secure gateway and routed to one of many credit card processors for authorization and settlement. VeriFone expects to make PAYware Mobile fully available to most other processors. The PAYware Mobile card reader utilizes a secure magnetic stripe read-head and firmware certified to the Federal Information Processing Standard FIPS 140-2. Card details are immediately encrypted during the card swipe process, meaning no sensitive data ever reaches the payment app, eliminating the possibility of compromise either on the iPhone or when information is transmitted over WiFi or cellular wireless, the company reports.

For more information visit www.paywaremobile.com.

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