Verifone Systems, Inc. (NYSE: PAY), announced today at CARTES 2013 in Paris that it has been awarded a comprehensive managed payment services contract by Réseau Clubs Bouygues Telecom, the consumer retail affiliate of Bouygues Telecom, one of France’s largest fixed-mobile operators. Verifone will provide its managed services software—PAYware Wynid—as well as helpdesk support, gateway services and VX 820 advanced PIN acceptance devices that support all types of electronic transactions.
Verifone’s VX 820 PIN pads will help Réseau Clubs Bouygues Telecom engage customers and drive revenues by delivering targeted promotional and branding messages to customers during checkout through the devices’ color touch screen. PAYware Wynid will consolidate and route all electronic payments made at each of Réseau Clubs Bouygues Telecom’s 400 retail stores through a single gateway that utilizes Verifone’s encryption and tokenization services and is hosted in a PCI DSS validated hosting center.
“We anticipate that Verifone’s managed services software will meet the needs of all of our retail locations,” said Yves Le Merrer, Operations and IT Operations Director for Réseau Clubs Bouygues Telecom. “Once the deployment is complete, Verifone’s gateway, which is hosted in a PCI DSS validated data center, and the software’s consolidated reporting functions and other centralized services will help us increase payment security and streamline operations.”
In addition to helping Réseau Clubs Bouygues Telecom ensure payment security, PAYware Wynid also improves the retailer’s ability to analyze operations by providing consolidated views of all electronic transactions that occur across each of its store locations.
Verifone was awarded the contract following a competitive bidding process in which Réseau Clubs Bouygues Telecom sought highly secure centralized services to provide greater cost optimization and simplified maintenance of payment operations.
“Réseau Club Bouygues Telecom will be able to enjoy all the benefits of having a state-of-the-art local payments infrastructure in place across its entire retail store network,” said Vincent Roland, vice president and general manager, Verifone France. “These benefits include improved security and consolidated payment reporting capabilities that mitigate the complexities often associated with payment system management.”
PAYware Wynid—Verifone’s managed payments platform for France—is used by some of the country's largest retailers, transportation companies and well-recognized brands. The company’s payment solutions and services developed specifically for the French market are built on its local expertise and experience. With more than 430 employees and 15 offices in Paris and other parts of France, Verifone's activity in the country covers hardware, software development, deployment, customer services, consultation, ecommerce and much more.
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 our managed services solutions with Réseau Clubs Bouygues Telecom, 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 Bouygues Telecom (www.bouyguestelecom.fr)
As a full-service electronic communications operator (mobile, fixed, TV, Internet and cloud computing), Bouygues Telecom stands out for its innovative products and services and award-winning customer relations serving its 11.3 million mobile and 1.9 million fixed broadband customers, which include more than 1.5 million professional and corporate clients and more than 1.6 million B&YOU clients.
After inventing the mobile talk-plan concept in France in 1996, Bouygues Telecom has always been a pioneer in innovation: it introduced the first unlimited call plans with Millennium (1999) and Neo (2006); in 2007, it launched the first fixed-mobile convergence offer for corporate customers; in 2009, it invented the “all-in-one” solution with ideo, the first quadruple play offer in the market; and, as early as July 2011, it invented mobile telephony 2.0 with B&YOU, the first SIM-only Web-Only offer. In June 2012, Bouygues Telecom launched Bbox Sensation, its new range of routers packed with the most innovative technologies on the market that will transform the digital home experience.
Its mobile network covers 99% of the French population with 2G, 96% with 3G+ up to 7,2 Mbit/s and 60% with H+ up to 42 Mbit/s. Bouygues Telecom is also deploying a nationwide 4G network covering already 63% of the French population, bringing access to 4G to 40 million people in France from October 2013.
Each day, the company’s 9, 258 employees develop solutions aligned with changing customer needs.
2,000 customer relations advisers, a distribution network of 650 Clubs Bouygues Telecom stores - with their 2,500 sales advisers - and its websites combine to ensure optimum customer service on a daily basis.
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.