Leader in US Health Payments Market Since 1995 Targets Burgeoning German Demand for Healthcard Systems and Expertise
SAN JOSE, Calif., March 23 /PRNewswire-FirstCall/ -- VeriFone Holdings, Inc. (NYSE: PAY) today announced a new initiative designed to meet growing demand in Germany for electronic health card systems. As the leader of payment and value-added applications in the US market since 1995, VeriFone brings a broad product portfolio and years of experience to meet the needs of healthcare organizations striving to meet Germany's eHealth goals.
Germany has begun a major eHealth initiative that ties together health providers, pharmacies and insurers with a consumer electronic health card (eCH), aimed at migrating consumer health care information and payment needs to a national communications network based on electronic chip card. Led by Gematik, a management organization comprised by leading German health organizations, the system combines insurance eligibility, electronic prescriptions and electronic medical records on a consumer smart card.
"Germany is in the forefront of the movement to a eHealth system and VeriFone has years of expertise in providing medical card applications in the U.S.," said VeriFone Chief Executive Officer Douglas G. Bergeron. "We have worked with health providers, insurance companies and applications developers to provide electronic solutions to the resolve health records and reimbursement issues. This expertise is uniquely suited to the emerging needs of Germany's healthcare industry."
VeriFone currently offers a range of payment certified electronic card acceptance solutions in Germany, including the V x 570, V x 670 and Secura PIN device, as well as many communications options, including Ethernet, ISDN, GPRS and WiFi. In the coming quarter, the company will be introducing new product sets into the German market and specific eHealth applications.
In the US, VeriFone systems are used in a wide variety of applications, including New York and California Medicaid programs, Kaiser Permanente's co-payments acceptance, and Secure EDI's health claims management systems.
VeriFone's multi-application system and software solutions are HIPAA compliant and are specifically designed to meet the needs of medical providers, health plans, hospitals, schools, public health agencies and other organizations in the healthcare industry.
About VeriFone Holdings, Inc. (www.verifone.com)
VeriFone Holdings, Inc. ("VeriFone") (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Holdings, Inc.:
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Holdings, Inc. These risks and uncertainties include: our ability to successful introduce new eHealth product and application solutions into the German market, our customers' acceptance and adoption of our newly released products and applications, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. VeriFone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
|SOURCE VeriFone Holdings, Inc.|
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