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.