Verifone Systems, Inc. (NYSE: PAY), today announced its PAYware Mobile Enterprise and managed services solution has been selected by WESTbahn Management GmbH for use as a mobile ticketing validation and payment service when its innovative rail service begins this December.
WESTbahn is a private rail service that will operate on the Vienna-Salzburg line, offering passengers hourly on-time service in new double-decker trains. All on-board customer service representatives will be equipped with PAYware Mobile Enterprise, which transforms a wireless PDA into a secure payment solution and incorporates a 2D bar code scanner that will be used by WESTbahn conductors to scan and validate tickets.
"Verifone's mobile payment solution provides us with another important modernization tool in our efforts to innovate Austrian train service," said Stefan Wehinger, CEO, founder and co-owner of WESTbahn. "We'll be able to provide speedy and convenient on-board ticketing and without the convenience fees that travelers are accustomed to."
Introduced in January, PAYware Mobile Enterprise features built-in NFC, EMV smartcard and PIN entry capabilities. The first implementation of PAYware Mobile Enterprise in Europe was facilitated by Lomicon Distribution Services KG, Verifone's distributor, and will utilize Verifone's London-based pan-Europe PAYware gateway for remote payment acceptance and managed services.
"WESTbahn is innovating the passenger experience in Austrian rail transportation," said Adam Biedrzycki, Verifone vice president, Central Europe. "By taking advantage of Verifone Managed Services, WESTbahn is able to integrate its ticketing application with our dedicated payment specialists and services, rather than trying to create internal expertise outside of its core mission."
Verifone Managed Services creates an easy to use environment in which all functions and activities associated with payment transaction and configuration management are centrally managed. This allows organization to avoid the complexity of maintaining the systems required to manage a secure payments environment and utilize Verifone's VeriShield Total Protect, Secured by RSA, which provides encryption and tokenization of payment transactions.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Verifone Systems, Inc.
This press release includes certain forward-looking statements related to Verifone Systems, 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 Systems, Inc. These risks and uncertainties include: the successful rollout of the Verifone PAYware Mobile Enterprise solution, 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.
About Verifone Systems, Inc. (www.verifone.com)Verifone Systems, 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.