Verifone Inc., a Redwood City, Calif.-based provider of transaction automation systems, introduced a system for retail point-of-sale applications, such as electronic debit and credit card authorization, draft capture, and settlement.
The OMNI 390 system features a menu-driven interface and color-coded function keys. Like an ATM, the system walks the user through each operation. Merchants can use split dialing, which permits them to directly access both card payment networks from a single system for lower transaction fees and faster settlement times. Until recently, merchants who wanted to use a single system and processor for multiple cards needed to pay the processor additional fees to route the transaction to other card networks.
The system sells from $321 to $402, depending on the quantity ordered and memory options. The 390 system is compatible with other Verifone products, so users can upgrade their transaction systems without making additional investments in other hardware.
