Westpac signs PoS deal with Verifone

Westpac Group has signed a four-year deal with Verifone Systems that will see it deploy over 100,000 VX 690 point of sales payment terminals and accompanying online services.

Westpac – along with subsidiaries St.George, Bank of Melbourne and Bank SA – will be the first bank in the Asia Pacific region to deploy the new terminals.

Terminal management support for the devices will be provided through Verifone’s cloud-based payments platform, with the PoS vendor also providing call centre and field support services.

The deal replaces Westpac's previous five-year, $53.7 million contract for "thousands" of retail card payment terminals and services with Hypercom, which was signed in 2009.

A little over a year after Westpac signed that agreement, Verifone acquired Hypercom in an all-stock deal, eventually absorbing its assets.

The most recent four-year agreement with Verifone is a continuation of Westpac’s previous deal with Hypercom. The bank declined to provide the value of the new contract.

Other past Westpac PoS terminal vendors have included Ingenico and Quest. Rival NAB also uses Verfone's terminals.

The VX 690 terminals include HSPA+, Bluetooth and wi-fi connectivity. They are ISO18092-capable, supporting EMV and major NFC-based contactless payment schemes, including cards branded by Chinese payment provider UnionPay International.

They also come with a base station that provides dial-up, ethernet, RS-232, BT support and USB (both host and device) connectivity, along with integrated charging.