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MIAMI -- VeriFone Holdings Inc. introduced the MX ATM, a new convenience retail payment kiosk with cash dispensing and deposit functionality, designed for the Latin America market, the company reported.
PROSA, Mexico’s largest electronic switch and processor, partnered with VeriFone for a customized solution that it plans to roll out nationally throughout retail locations in Mexico.
Merchants can install the MX ATM kiosks to dispense cash, balance inquiry and to provide a variety of value-added services, including telco top-up, bill payment, redemption and reloading of prepaid cards, according to the company.
"VeriFone’s MX ATM provides PROSA with a new solution to increase customer loyalty, reduce operating costs and expand our reach to dispersed points of service," said Miguel Angel Balcázar, new business executive director for PROSA.
MX ATM decreases cash management and security costs for retailers by providing a tool for cash recycling. The MX ATM can also be configured to include other peripherals such as barcode readers, biometric readers and coin acceptors for deployment in different environments, such as parking and mass transit.
"VeriFone continues to develop new secure electronic payment solutions tailored to the needs of local markets," said Fernando Lopez, senior vice president and general manager for VeriFone Latin America and the Caribbean. "MX ATM can be custom-configured to meet the specific needs of an organization and provides the highest security to ensure integrity of remote operations."
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