Australian lender Westpac has inked a four-year agreement with Verifone Systems under which the bank will deploy over 100,000 VX 690 point of sales (PoS) payment terminals and accompanying online services.
Westpac will offer Verifone’s VX 690 payment terminal as well as full terminal management to customers leveraging Verifone’s Payment as a service platform.
VX 690 payment terminal, which features bluetooth, 3G radio and Wi-Fi connectivity, will accept all types of payments including EMV, NFC, and mobile wallets as well as accept cards branded by UnionPay International.
Verifone said that its platform will allow merchants to connect the terminals to its gateways for transaction routing, simplified device monitoring and enhanced payment security and compliance.
Westpac Group head of product Australian financial services Steve Aliferis said: "That’s why we are one of the first banks in the world to introduce the latest Verifone terminals which are designed to solve payment challenges and bring convenience to our merchants to accept emerging forms of payments in any type of environment."
Verifone general manager of Australia and New Zealand Peter McLeod said: "This new platform provides Westpac Group a core end-to-end solution to help solve payment challenges for merchants, enhance the customer experience and easily go to market with additional payment products and services in the future."