Verifone Systems, Inc. (NYSE: PAY) announced today that The Finish Line, Inc. (NASDAQ: FINL) is enhancing the consumer buying experience with the deployment of Verifone’s latest mobile checkout and multimedia-driven countertop payment solutions.
Following a successful trial, the premium retailer of athletic shoes, apparel and accessories is in the process of deploying Verifone systems chain-wide with the goal of having all 638 locations equipped by mid-November when the holiday buying season begins. Finish Line is deploying 1,600 of the countertop multimedia MX 915 systems and 3,200 PAYware Mobile Enterprise secure mobile card acceptance devices for the iPod touch.
“Using Verifone’s mobile card acceptance solution for the iPod touch creates the ability to line bust at the cash register and assist with making a purchase,” said Terry Ledbetter, Finish Line senior vice president and chief information officer. “Our mobile payment devices enable our associates to fully service our customers on the sales floor and avoid checkout lines. We are also able to line bust during busy times to further reduce customer frustration.”
Finish Line is completing a system-wide upgrade to the MICROS Systems (NASDAQ: MCRS) xStore POS and MICROS miStore mobile Point of Sale, which are designed to increase sales associate productivity and build strong customer loyalty, and the new media-enabled Verifone MX 915 customer-facing payment acceptance solution. PAYware Mobile Enterprise integrates seamlessly with xStore.
“Finish Line’s vision for a new retail experience and insight into changing consumer needs are at the forefront of the coming transformation of the point of sale,” said Jennifer Miles, Verifone executive vice president, North America. “Verifone helps to enable this transformation by managing complex mobile retail applications, while making transactions simple for the consumer, and providing a common interface across the enterprise.”
With years of retail payment experience and some of the most innovative solutions on the market, Verifone provides retailers with everything from key mobile payment systems to complete suites of next-generation mobile retail software, all of which integrates with existing payment infrastructure.
The Verifone MX 915 is the slim, space-saving member of the MX 900 line, which securely delivers powerful multimedia, content and payments to transform the traditional point-of-sale into a dynamic and intelligent point of engagement between retailers and consumers.
The PAYware Mobile Enterprise card encryption reader, with integrated 2-D bar code scanner, works with all forms of electronic payment including magnetic stripe, chip and PIN, and contactless/NFC-enabled cards and phones. The mobile payment solution helps reduce long lines at the register by arming the store associate with a way to accept payments on the floor at the point of interaction.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on 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. and The Finish Line, Inc. These risks and uncertainties include: the successful rollout of Verifone’s Payware Mobile Enterprise solution with Finish Line, the ability to protect against fraud, the status of the relationship with and condition of third parties that are relied upon in the conduct of business, dependence on a limited number of customers, uncertainties related to the conduct of business internationally, dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to 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. Neither Verifone nor Finish Line is under any 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.