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10/12/07 Sound Bar Opens with Innovative Processing Solution

Evolve Systems Provides Cutting Edge “Pay at the Table” Credit Card Processing Solutions at Minneapolis’ Sound Bar

Verifone’s Mobile Technology Reduces Credit Card Fraud and Increases the Customer’s Experience

Roseville, MN – Evolve Systems, a web development and merchant processing company, today announced that they have achieved a business milestone in the cutting edge world of anti-fraud technology in the retail industry. In October, they successfully introduced ON THE SPOT, a wireless payment solution from VeriFone (NYSE: PAY), the Twin Cities first “pay at the table” credit card terminal at the newly opened Sound Bar. To date there have been a zero error success rating.

Partnering with VeriFone, the largest manufacturer of credit card terminals, and Sterling Payment Technologies, one of the larger providers of merchant services, the new hand held technology allows the Sound Bar’s guests to maintain possession of their credit cards and process their own transactions. Credit card theft and stolen identity issues are eliminated through the customer controlled business model.

“We’ve had success in our night clubs in Europe for years using this technology, and are excited that we are leading the market in Minneapolis by using this customer friendly service at Sound Bar,” said Johann Sfaellos, owner of Sound Bar. “Our clientele has come to expect their experience at our club to be enjoyable and memorable. Our wait staff has seen in increase in tips because of the ease and control our clients has experienced.”

Don Raleigh, President of Evolve Systems provides further insight on the innovative technology:

  • Customers maintain control of their card, allowing them to enjoy a significantly higher level of personal security and reduced potential for fraud.
  • Reduces your liability by keeping the card in the owner's possession at all times.
  • Restaurant and hospitality establishments can achieve up to 33% higher wait staff productivity, therefore increasing revenue through efficiency.
  • Avoids lengthy end-of-day settlements by you or your wait staff.
  • Faster, friendlier checkout increases the speed of table turnover, bringing more business through your doors in the same amount of time.
  • Reduces transaction time by allowing the customer to enter the tip amount in a single transaction, eliminating the need for pre-authorization.
  • Only one telephone or cable connection is required for up to 7 terminals.
  • Models with great features, including: moisture resistant sealed key pad, drop resistance up to 3 feet on a concrete floor, bottom loading printer--out of the way of spills, and a light screen that is easy to read even in dark environments

About Evolve Systems:

Evolve Systems is an award winning Roseville, MN web development company. Their Customer Management System tools enable the end user to create, move and delete new sub-pages, on virtually unlimited levels. Evolve provides its nationwide customer base with cutting edge merchant processing technologies, services and product. Evolve Systems donates 5% of our profits to local charities on a quarterly basis. In addition to these donations, all employees are asked to donate eight hours of community service per month. For more information: www.evolve-systems.com.

About VeriFone Holdings, Inc.:

VeriFone Holdings, Inc. (“VeriFone”) (NYSE: PAY), a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. VeriFone delivers solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. VeriFone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and healthcare. For more information: http://www.verifone.com/.



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