Retail Verifone Offers End-to-End Payment Processing (2008-04-18) -…

Retail
Verifone Offers End-to-End Payment Processing
(2008-04-18) - Contributed by Dan Berthiaume


The latest version of PCCharge targets the payment processing needs of smaller
retailers.

Payment solutions provider Verifone is launching Payware PC, the newest version of its
PCCharge payment processing solution.

The company made the announcement April 15 at the Electronic Transactions Association
Meeting & Exposition in Las Vegas.

Marco Marbante, director of product management for Verifone, said Payware PC serves as a
payment processing engine for retailers and an integration platform for POS (point-of-sale)
developers.

"We take the payments piece away [from the developer)]," said Marbante. "We format
payment into a message that goes to the various payment processors. Messages are
complicated and changing all the time. We take that misery away."

Marbante said Payware PC will perform all payment processing-related functions, including
authorization, capture and settlement. He said Payware PC can also be used as a stand-alone
device and has a simple user interface.

Robbie Lopez, vice president of software solutions for Verifone, said Verifone keeps the
solution's certification current for the 15 to 20 payment processors that accept payments from
SMRs.

"It's a lot of work," he said. "We take care of that burden in the software."

In the area of security, Marbante said Payware PC has been validated for Version 1.4 of the
PABP (Payment Application Best Practices) security protocol from Visa by information security
and compliance auditor Trustwave. Verifone only supports secure integration methods and
shields POS developers from seeing any sensitive customer data, he added.

Payware PC is a flexible system and works with Microsoft XP, Vista and Embedded
environments, he said.

"We worked closely with Microsoft to make certain this product wouldn't develop into
something that would be outdated quickly," he said.

According to a 2007 white paper from the Bank for International Settlements, Payware PC
meets several of the requirements for modern payment processing systems.

"As a rule, systems should be both open and standardized," the paper states. "A decision
process is also needed to guide the implementation of the new infrastructure, so that it
promotes full use of the new technology and ensures adequate commitment among all parties.
In addition, there are the technical requirements: a functional network, a transaction routing
mechanism, security systems and an interbank settlement method for concrete


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transmission/transfer of payment transactions. As Internet technology changes many aspects
of payment transmission, top priority should be given to improving the development process
itself to ensure effective development over the long run."

Dan Berthiaume covers the retail space for eWEEK. For more industry news, check out
eWEEK.com's Retail Site.




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