VeriFone Selected for Contactless Payment Rollout in Mexico City

VeriFone Systems, Inc.

, will provide the merchant payment solutions in the initial phase of the first major contactless payment rollout in Mexico City by the Mexican bank Banamex, which begins today. Banamex, part of Grupo Financiero Banamex and a member of Citi, is implementing a full-scale contactless payment deployment. In the first phase, several thousand VeriFone contactless-enabled card acceptance systems will be deployed to 1,900 merchants in the Mexico City metropolitan area. The bank is also issuing 100,000 contactless credit and debit cards to begin the transition to the new innovative way of payment.