VeriFone, Lenovo Deliver Mobile POS Platform

PAYware Mobile with ThinkPad Tablet 2 helps retailers combine mPOS with back end

SAN JOSE, Calif. -- VeriFone Systems Inc. and Lenovo announced that they have joined forces to offer an enterprise-class, mobile point-of-sale (mPOS) platform. Powered by Windows 8 Pro, it integrates with existing retail store systems.

The mPOS platform integrates a ThinkPad Tablet 2 based on the Intel Atom Z2760 processor with VeriFone's secure PAYware Mobile technology designed exclusively for the Lenovo tablet. The integrated device is based on the Microsoft Windows 8 Pro operating system and will enable retailers to easily transition to a mPOS platform that works with their existing business infrastructure and operations, including multichannel management, store operations, e-commerce, merchandising, financials and supply-chain management.

"Retailers are increasingly eager to adopt mPOS but have been frustrated by proprietary platforms that ignore their major investments in the Windows-based point-of-sale systems on which they run their businesses," said Joe Mach, senior vice president and general manager of vertical solutions for VeriFone. "VeriFone will continue to work with industry leaders such as Lenovo to provide mobile payment and mobile POS platforms that work with any smart device retailers want to employ."

Michelle Tinsley, director, Transactional Retail, Retail Solutions Division for Intel, said, "The availability of mPOS platforms that easily integrate with existing backend infrastructure and traditional POS systems is a must for retailers today. Platforms based on power-efficient Intel Atom processors supporting exceptional battery life will enable more retailers to seamlessly implement mPOS for better service to their customers."

Retail sales associates can use the ThinkPad Tablet 2 mPOS platform to engage customers and deliver responsive support, quickly scan barcodes and securely accept card-based payments, from anywhere in the store. Available with best-in-class security solutions such as McAfee and VeriFone's VeriShield Total Protect, Secured by RSA, for end-to-end encryption, the ThinkPad Tablet 2 mPOS platform provides state-of-the-art data protection for acceptance of mag-stripe credit cards, signature debit and store specialty transactions.

The ThinkPad Tablet 2 mPOS platform enables easy integration and architectural consistency across devices including tablets, kiosks, and existing POS systems, all running the same operating system and supporting VeriFone payment services. The Intel Atom processor is a power efficient system-on-a-chip designed specifically for mobile devices and provides exceptional battery life.

Leading retailers will pilot the VeriFone and Lenovo platform this summer; it will have general U.S. availability in September.

Lenovo is a personal technology company. Formed by Lenovo Group's acquisition of the former IBM Personal Computing Division, the Raleigh, N.C.-based company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations and a family of mobile internet devices, including tablets and smart phones.

San Jose, Calif.-based VeriFone is a global leader in secure electronic payment solutions. It 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.