Verifone Systems, Inc. (NYSE: PAY) today announced that Procesos de Medios de Pago S.A., the MasterCard acquirer in Peru will provide EMV-capable mobile point of sale (mPOS) terminals from Verifone to merchant customers in Peru throughout 2014 and 2015 as part of its plan to increase payment mobility in the region.
As part of a nationwide initiative to invest in mobile technology, Procesos de Medios de Pago S.A. selected Verifone’s PAYware Mobile e105 through Hiper S.A., Verifone’s international partner in Peru, due to the terminal’s universally secure payment adapter that can accept all types of electronic payments—including EMV and traditional mag-stripe cards—from any location. It transforms smartphones and tablets into completely secure payment devices that enable merchants to extend the POS to all new environments.
“Mobility is critical for merchants, especially as they increasingly find themselves engaging customers away from the counter or in environments outside of brick-and-mortar retail locations,” said Augusto Pflücker, General Manager of Procesos de Medios de Pago S.A.
Aside from allowing merchants to extend the POS to all environments, PAYware Mobile e105 features the following:
- Fully-encrypted card reader that is PCI 3.0 compliant and meets PA-DSS requirements for application security
- Sleek, ergonomic design that easily adapts to a wide range of smartphones and tablets, including iOS and Android
- Secure EMV, chip and PIN, and mag-stripe reader
“Merchants need technology that makes it easy to conduct business in all types of environments,” said Fernando Lopez, executive vice president of Latin America for Verifone. “The PAYware Mobile e105 will provide merchants with the payment security and reliability they already associate with Verifone, but with the mobility to securely accept all types of payments—regardless of where the transactions occur.”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Verifone Systems, Inc
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 on currently available competitive, financial and economic data 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., including many factors beyond our control. These risks and uncertainties include, but are not limited to, those associated with: the successful rollout of the Verifone mPOS solutions in Peru, execution of our strategic plan and business initiatives and whether the expected benefits of our plan and initiatives are achieved, short product cycles and rapidly changing technologies, our ability to maintain competitive leadership position with respect to our payment solution offerings, our assumptions, judgments and estimates regarding the impact on our business of the continued uncertainty in the global economic environment and financial markets, our ability to successfully integrate acquired businesses into our business and operations, our ability to protect against fraud, the status of our relationship with and condition of third parties such as our contract manufacturers, distributors and key suppliers upon whom we rely in the conduct of our business, our dependence on a limited number of customers, the conduct of our business and operations internationally, our ability to effectively hedge our exposure to foreign currency exchange rate fluctuations, and our dependence on a limited number of key employees. For a further list and description of the risks and uncertainties affecting the operations of our business, 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. The forward-looking statements speak only as of the date such statements are made. 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 Procesos de Medios de Pago S.A.
Procesos is the only merchant acquirer for MasterCard in Peru where it has more than 60,000 retailers affiliated with and installed base of more than 70,000 point of sale terminals. In addition to their active participation in the acquiring market, Procesos is a multi-brand issuer and processor, that provides chip card personalization to various banks in the Perivuan market. Procesos main objective is to incentivize the use and acceptance of credit and debit cards to move away from cash payments, guaranteeing service quality with adequate profitability levels.
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.