Focusing on growth in emerging economies in Latin America, US
payments technology developer VeriFone and Tienda-kit, the first
Mexican non-bank company to process electronic card payments, have
teamed up to establish a new merchant payment services company in
Mexico called VeriFone Access.
“With this partnership we will be able to extend new hosted
offerings in Mexico and beyond,” said Alejandro Villalón, former
director general of Tienda-kit and now director general of VeriFone
Access. Tienda-kit now operates as VeriFone Access.
VeriFone explained that the VeriFone Access managed service
platform will incorporate payment authorisation, estate management,
front- and back-end services, value-added payment card management,
digital product distribution services, and comprehensive card
issuance and management products. The focus will be on small- and
medium-sized merchants who will have access to the managed services
platform via broadband and wireless internet connections.
VeriFone is already well established in Mexico as the primary
supplier of payment systems deployed in the Fund of Infrastructure
of Electronic Payments (FIMPE), an initiative of the Mexican
banking industry launched in 2005 to vastly increase the number of
credit and debit card POS terminals throughout the country.
According to VeriFone, it has delivered more than 150,000 systems
since the FIMPE programme began. This is a greater number than the
total number of systems installed by all vendors throughout Mexico
in the previous ten years.