VeriFone Systems, Inc.'s Vx 670 mobile payment system has been selected and deployed by China’s Tianjin Electric Power Corp. to facilitate residential on-site card payments of electricity bills.
Tianjin Electric is a major contributor to the Beijing-Tianjin-Tangshan power grid in Northern China and supplies electricity to 11 million people in more than 4 million households. The utility purchased VeriFone’s Vx 670 with GPRS to enable collectors to process bill payments with CUP credit cards at the door of residential customers.
Residents in Tianjin can now pay for their electricity bills at home, using their credit cards issued by China UnionPay (CUP). Utility customers can also take advantage of additional capabilities including paying mobile and residential telephone bills, and topping up prepaid cards.
The Vx670 is an all-in-one wireless handheld payment device in a smalle form factor available and was purpose-built for wireless, customer-facing payment. It was designed to be rugged, drop-resistant, and spill-resistant to hold up to the most demanding conditions.