A CREDIT MACHINE

VeriFone, the electronic payment solutions developer has lunched a CDMA2000 1X based payment terminal. This new capability allows traditional transactions to be completed in less than 3 seconds, considerably faster than the 20 plus seconds for a regular debit or credit transaction over a wireless link. This solution expands the reach of payments to taxis, delivery companies, mobile kiosks, table payments, and traditional retails outlets.

Coupled with the CDMA2000 1X modem technology, the Omni 3600 wireless platform utilizes TCP/IP to form a solution delivering high-speed data-packets directly to the processing host’s IP gateway. Adding the IP technology to its terminals, VeriFone made possible the connection with already existing IP networks like Internet, corporate LANs, wireless data-packet networks, and even satellite networks.