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VoiceFlash Networks and VeriFone Explore Mobile E-Commerce Solution Using Bluetooth Technology on VeriFone Point-of-Sale Terminals
URL(s): VeriFone VoiceFlash Networks
SANTA CLARA, Calif.--(BUSINESS WIRE)--July 25, 2001-- VoiceFlash Networks Inc. (Nasdaq:VFNX) announced today that the company has signed a memorandum of understanding
with VeriFone, Inc., to explore the viability of cooperating in the development of retail mobile commerce products.
These products would allow merchants to easily deploy a mobile commerce solution consisting of VeriFone point of sale
(POS) terminals with embedded Bluetooth technology by VoiceFlash's Wireless Adaptor Module 2.0 (WAM). The solution would
provide a secure and convenient method for transactions to occur in the retail, hospitality, food service, and travel industries,
among others, using the benefits of Bluetooth.
Bluetooth is a global de facto standard for wireless connectivity. It uses a low-cost, short-range radio link, eliminating the cords,
wires and cables previously required for digital devices to communicate. When two Bluetooth equipped devices come within 10
meters range of each other, they can establish a connection. Because Bluetooth utilizes a radio-based link, it doesn't require a
line-of-sight connection in order to communicate. VoiceFlash and VeriFone will combine the Bluetooth and POS worlds to enable
the development and deployment of enterprise-level applications for wireless devices. The Bluetooth-enabled POS devices are
expected to be operational by year-end.
John Falcone, President of VoiceFlash Networks, stated, "We are fortunate to be able to work with a world-class company
such as VeriFone to distribute this new solution. By working with VeriFone we expect to bring a comprehensive, industry-wide
solution to market which will streamline the transaction, loyalty card, and identity validation process at the point-of-sale." "We are
entirely dedicated to adding value to the point of sale, making it easier and less expensive for merchants to securely conduct a
wide range of transactions and services right from their VeriFone POS terminal," said Stuart Taylor, vice president of emerging
markets at VeriFone Inc. "We are confident that by working with VoiceFlash we can quickly deliver the many benefits of Bluetooth
wireless connectivity to the POS."
About VeriFone, Inc.
VeriFone, Inc. (http://www.verifone.com) is the leading global provider of secure electronic-payment solutions for financial
institutions, merchants and consumers. VeriFone has shipped more than nine million electronic payment systems, which are
used in more than 100 countries.
About VoiceFlash Networks, Inc.
VoiceFlash Networks, Inc (Nasdaq:VFNX) is a leader in the commercialization and integration of Bluetooth, wireless, and
point-of-sale technologies. The company's offerings lead the wireless evolution by linking independent mobile devices with one
platform for the management of personal information via point-of-sale systems and open standards-based Application
Programming Interface (API). For more information, please visit VoiceFlash at www.voiceflash.com.
CONTACT: Eastwick PR for VeriFone Inc.
Jennifer Gordon, 650/480-4012
jennifer.gordon@eastwick.com
or
VoiceFlash Networks, Inc.
Jeannine Wilk, 561/994-3223 ext: 153
jeannine.wilk@voiceflash.com
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