Verifone Holdings, Inc. (NYSE: PAY) today announced it is shipping its PAYware Mobile secure credit card encryption sleeve for iPhone and that the complementary PAYware Mobile App is now available on the App Store.
PAYware Mobile provides small businesses with simple and secure card processing capabilities using the revolutionary iPhone. The app and patent-pending card encryption technology are provided free in conjunction with a low cost PAYware gateway services agreement.
Verifone also announced it is initiating a major online advertising campaign to introduce small businesses to the benefits of offering secure card acceptance using iPhone.
"Pre-order response to PAYware Mobile for iPhone has been phenomenal," said Verifone CEO Douglas G. Bergeron. "Clearly, we have tapped into the vast wellspring of small business owners who want the benefits of secure card acceptance but have been deterred by the cost of entry in the past."
Verifone's sleek and durable card encryption sleeve slips over iPhone to accommodate card swipes and allow merchants to avoid high-cost "card-not-present" fees. It incorporates a stylus for signature capture and a mini-USB port for charging iPhone while the ergonomic encryption sleeve is attached.
Verifone's card acceptance solution for iPhone is based on years of expertise in payment security and provides patent-pending end-to-end card data encryption from the moment the card is swiped, so unprotected data never transits or is stored on iPhone itself. Using the card encryption sleeve with Verifone's app qualifies merchants for lower-cost "card present" interchange fees, which typically results in a 30 percent savings over manually entering card numbers.
The PAYware Mobile App is available free for iPhone on the App Store or at www.itunes.com/appstore/. The card encryption sleeve peripheral for the iPhone 3G and 3GS is available through authorized Verifone distributors.
Verifone's gateway processing solution, PAYware Connect, is widely certified by U.S. card processors. Users with existing merchant accounts will be able to set up PAYware Mobile with their current processor; those without existing processing relationships will be able to select from a variety of options.
About Verifone Holdings, Inc. (www.verifone.com)
Verifone Holdings, Inc. ("Verifone") (NYSE: PAY) is the global leader in secure electronic payment solutions. Verifone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. Verifone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Verifone Holdings, Inc.
This press release includes certain forward-looking statements related to Verifone Holdings, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Verifone management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of Verifone Holdings, Inc. These risks and uncertainties include: our ability to timely manufacture and ship the solution to meet customer demand, our customers' acceptance and adoption of the PAYware Mobile solution and other new product and service offerings, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. Verifone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.
iPhone Payment System | iPhone Credit Card App | iPhone Credit Card Reader
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