Verifone Systems, Inc. (NYSE: PAY) today announced that it was awarded the prestigious SESAME 2011 award in e-Transactions at the CARTES & IDentification trade show today.
The SESAMES Awards honor the best technological innovations in terms of digital security and smart technology and are the world reference for the payment industry. PAYware Mobile Enterprise is a secure mobile card acceptance solution that integrates with existing in-store POS systems and works with all forms of electronic payment including magnetic stripe, chip and PIN, NFC-enabled handset and contactless cards. The solution also incorporates VeriShield Protect card data encryption and a bar code scanner to provide retailers with a secure solution for mobile POS and other applications.
"Industry analysts expect sales of mobile retail systems based on mobile phones and tablets to surge in the coming years and PAYware Mobile Enterprise is a key element of any merchant's mobile retail strategy," said Paul Rasori, Verifone senior vice president of marketing. "We are building an infrastructure to securely apply the power of mobile to the world of retail and payments. Our solutions extend new smartphone- and tablet-based shopping and payment experiences to retail organizations."
PAYware Mobile Enterprise is one of several key elements in Verifone's mobile retail strategy, which includes the recent acquisition of Global Bay Mobile Technologies, which works with retailers across North America, Europe and Asia to increase sales and improve customer satisfaction with mobile applications that leverage existing POS, e-commerce, and traditional store systems. The Global Bay solution, coupled with Verifone's secure mobile payment technology, offers the retailer an unparalleled, comprehensive and integrated suite of mobile applications that transform the in-store retail experience.
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: market acceptance and adoption of PAYware Mobile Enterprise, 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.