VeriFone Holdings Inc. today announced that Canada Post, the Canadian government's postal system, is installing more than 7,000 VeriFone MX870 multimedia payment systems. Installation, which VeriFone says has begun, will take more than two years. Canada Post will install roughly 2,200 systems this year and 4,800 in 2009, according to San Jose, Calif.-based VeriFone. VeriFone's terminals "are replacing three separate systems for payment, information and receipts" at Canada Post, says a VeriFone spokesperson. Canada Post previously used payment terminals supplied by France-based Ingenico, adds the spokesperson. During the second phase of deployment, VeriFone will include Interac chip and EMV technology in new and existing MX870 installations, according to VeriFone. Canada's post office will use the MX870 to display content to consumers, accept debit and credit card payments, and capture signature authorizations. VeriFone worked with Canada-based Innovapost, a provider of information-technology products, and Canada-based TD Canada Trust Merchant Services, a transaction-services processor, to provide full terminal service to Canada Post, according to VeriFone. The company also announced in late July a contract with the U.S. Postal Service valued at $10 million (CardLine, 7/23). Under that contract, the U.S. Postal Service will buy up to 20,000 VeriFone Vx570 countertop point-of-sale terminals over the next three years.