Electronic payment technologies provider VeriFone Holdings has won a contract to supply India’s ICICI Bank with 50,000 payment systems.
ICICI Bank, India’s largest private sector bank, is deploying VeriFone’s Vxx 510 with multiple applications installed, including credit, debit, and EMV. According to Verifone, the countertop payment solution incorporates a faster 32-bit processor, as well as an option for ethernet and dial communications.
William Nichols, VeriFone VP of emerging markets & international marketing, said, The large memory capacity of VeriFone’s Vx 510 allows ICICI to roll out multiple applications in various configurations to meet the needs of different merchant segments.
VeriFone says it has been working closely with ICICI since the bank began developing its merchant acquiring business, and has previously delivered more than 50,000 units of the Omni 3750 payment system.