U.S. secure electronic payment services provider VeriFone has closed a deal with Hungarian credit institution OTP Bank to provide the latter with electronic payment systems in Hungary.
The two companies are to roll out contactless MasterCard PayPass cards. OTP Bank is being supplied by VeriFone’s local partner, INPAS International, with the contactless version of VeriFone’s PINpad 1000SE, which offers the possibility to accept both PIN-based and contactless payments.
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