Verifone Systems, Inc. (NYSE: PAY), today announced it has integrated Hypercom international distributors into the Verifone International Partner (VIP) program, which provides distributors with access to support resources and a wide array of technology to enhance their ability to deliver the latest payment solutions to their markets.
Verifone completed its acquisition of Hypercom Corp. on August 4 and has moved aggressively to welcome Hypercom's international distributors into the VIP program and work with them to accelerate international growth, increase innovation and build value.
"Verifone has a long history of working with international partners to best meet the needs of local customers by tailoring Verifone solutions with applications, services and support tailored to local needs," said Jeffrey Dumbrell, Verifone executive vice president, International. "The international distributors in the Hypercom network are a vital element in our strategy for geographical and product and services diversification. We are working aggressively to share the benefits of our VIP program with these new partners."
Verifone has revealed plans to grow and enhance all major product lines that existed prior to completing the acquisition and bolster them with the strong Verifone global brand identity. The VIP program offers Hypercom distributors a wide range of services including in-depth product and sales training and web-based access to exclusive strategic, product and technology information.
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 continuation of our business relationships with Hypercom distributors, 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.