REDWOOD CITY, Calif. - Verifone Inc. will be providing the Postal Service with point of sale terminals under terms of the processing contract won jointly by NationsBank Corp. and Nabanco.

The contract calls for the installation of 50,000 terminals capable of accepting both credit and debit cards in 33,000 post offices nationwide.

The Verifone systems specified in the winning bid include Tranz 380 terminals, Printer 250 roll receipt printers, and the PIN Pad 100 family of hand-held security devices.

Separately, Verifone said it has fulfilled two major orders to customers in the Persian Gulf region.

In the United Arab Emirates, the Commercial Bank of Abu Dhabi is deploying 2,000 Tranz 460 systems, which do point of sale credit and debit card authorization and draft capture.

In Saudi Arabia, Verifone has delivered 4,500 POS systems consisting of Omni 390 transaction systems, smart card reader/writers, and receipt printers to 11 of the country's 12 principal banks. The systems are being installed for use in a countrywide debit program.

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