VeriFone Announces New Worldwide E Commerce Services Organization

Business Wire, March 24, 1999

SANTA CLARA, Calif.--(BUSINESS WIRE)--March 24, 1999--VeriFone, a division of Hewlett-Packard Company (NYSE:HWP) and the global leader in electronic payment solutions, today announced the formation of a comprehensive, worldwide services organization to help businesses work through the complexities of deploying new e-payment offerings.

This team of specialists provides expertise in Internet payment, payment processing, and smart-card services platforms to some of the world's leading banks and processors, telecoms, retailers and ISPs. This new organization supports HP's e-services vision.

"The expansion of electronic payment has resulted in two major shifts: Businesses must now have capabilities in enterprise platforms, and they must be in even closer touch with the different requirements of each region," said Jan-Erik Rottinghuis, vice president and general manager of Worldwide Sales at VeriFone. "Lots of companies are delivering products, but few are truly capable of providing the expertise to help turn these products into functional services. This is a major differentiator for VeriFone."

The new VeriFone E-Commerce Services Group includes a Technical Support Organization (TSO), Professional Services Organization (PSO), and Customer Support Organization (CSO). Together, the groups provide services ranging from needs analysis and product evaluation, to solution design and implementation, as well as ongoing support and management. The group also has the leverage of HP's massive services organization of approximately 27,000 professionals worldwide, with extensive experience in enterprise computing.

"New payment applications and the emergence of the Internet have created both great opportunities and incredible challenges, and require the rapid adoption of new enterprise computing technology. It is difficult for businesses to keep up the internal expertise to effectively deploy and manage new e-commerce platforms," said Tom Kilcoyne, vice president and general manager of VeriFone's Electronic Commerce Software Division. "Very few organizations in the world have the diverse experience and global resources of VeriFone's and HP's service organizations."

About VeriFone

VeriFone, a division of Hewlett-Packard Company, is the leading global provider of secure electronic payment solutions for financial institutions, merchants and consumers. VeriFone has shipped more than 7 million electronic-payment systems, which are used in more than 100 countries.