Verifone to Get Amex Merchants On-Line

Verifone Inc., Redwood City, Calif., has signed a product and service leasing agreement with American Express Travel Related Services Co.

Under the agreement, Verifone will provide thousands of Omni 460 transaction automation systems and support services in a bundled leasing package through Verifone Finance, a wholly owned financing subsidiary. Comprehensive support - including deployment, telephone training, help desk, and replacement services - will be provided through the Verifone Support Services business unit.

The Omni 460 systems will be deployed in an upcoming American Express program designed to automate 15,000 merchants that are still processing card transactions on paper.

In addition to the Omni 460 systems, Verifone will supply electronic authorization and draft capture software that supports American Express' Plural Interface Processing application and other payment networks. That will eliminate the need for multiple payment systems on the merchant's countertop.

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