VeriFone, USPS contract worth up to USD 10M

VeriFone Holdings Inc. said it was awarded a multi-year dollar contract valued at up to USD 10 million to provide the U.S. Postal Service with electronic payment capabilities.

San Jose-based VeriFone will provide the countertop payment product with dual communications capabilities to provide both traditional dial modem and Internet-based connectivity for 18,000 to 20,000 customer windows.

VeriFone said it will develop a customer interface to a payment gateway that the U.S. Postal Service will operate to ensure it has access to the lowest cost credit and debit processing services.