Verifone Inc. said it held the first public demonstration of its Personal ATM at Demo 97, a computer industry conference, where it was judged one of eight "Premiere" products.

The Premiere designation is given to high-impact firsts in consumer technology. Personal ATM, a hand-held device that allows value and information to be transmitted over phone lines and between smart cards, "has the potential to significantly change the way we use cash for everyday purchases," said Chris Shipley, executive producer of the InfoWorld Publishing Co. event in Indian Wells, Calif.

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