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Verifone Systems, Inc. (NYSE: PAY), announced that WorldPay, a global leader of electronic payment processing solutions, has completed compatibility certification of the Verifone VX 520 countertop payment system and contracted to bring the NFC and EMV capabilities of those systems to new and existing merchants.
In a further expansion of the two companies’ efforts to cooperatively target merchant needs, WorldPay will also offer a secure audio card-reader version of Verifone’s PAYware Mobile for small merchant mobile payments using smartphones, tablets and other smart devices.
“WorldPay and Verifone have a long history of supplying merchants with trusted payment solutions,” said Patti Newcomer, chief marketing officer for WorldPay US. “We have established a preferred supplier relationship over the years to provide merchants with the best payment solutions available combining WorldPay’s lightning fast processing speeds and unbeatable service with Verifone’s industry leading payments technology and security.”
The VX 520, a member of the VX Evolution family and one of the most advanced countertop payment device available, supports VeriShield Total Protect for end-to-end encryption and tokenization. Merchants can rest assured that their investment is secure with future-proof technology including EMV and NFC capabilities and PCI PTS certification.
“Verifone and WorldPay collaborate in crucial areas to deliver the right payment solutions to merchants, including core countertop card acceptance systems, end-to-end encryption of payment data, and the latest in mobile payment options,” said Jennifer Miles, president of Verifone Americas. “The two companies team up to deliver payment solutions to merchants that ensure their customers experience a satisfactory purchasing experience.”
WorldPay is also in process of certifying compatibility of the VX 805 and VX 820 PIN pads and wireless VX 680, which like the VX 520 offer contactless and smart card payment acceptance capabilities that are crucial to emerging NFC wallet technology and EMV compliance. The portable VX 680 is available with WiFi and Bluetooth or GPRS communications for merchants on the move.
Verifone’s VX Evolution is designed to take advantage of the newest technologies, while fully leveraging the company’s proven VX platform that has powered merchant payments over the past decade.
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: customer acceptance and adoption of our new solution offerings, successful certification of additional Verifone Vx products with WorldPay, 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 WorldPay US, Inc. (www.worldpay.com/us) WorldPay is a global card payment acquiring business operating in over 30 countries, which allows customers to accept card payments both at point-of-sale and over the Internet. The Company offers services across the entire payment value chain, including transaction capturing, merchant acquiring and transaction processing. WorldPay is the 2nd-largest provider of ATM services in the US.
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.