Vantiv, Inc. (NYSE: Vantiv), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, and Verifone Systems, Inc. (NYSE: PAY), announced today the launch of their “Secure Your Future Today” campaign to ensure merchants are ready for current and future payment technologies, including Apple Pay.
“The future is now,” said Donald Boeding, president of merchant services at Vantiv. “And that means merchants of all sizes require terminals that support a broad range of current and future payment technologies. Together, with our campaign partner Verifone, we will be able to help thousands of merchants upgrade their payment hardware so they can quickly support vital technologies like Apple Pay and EMV.”
With consumer demand for Apple Pay set to rise and the EMV liability shift coming in 2015, merchants have only a short period to upgrade their terminals to meet consumer growing expectations and to provide an enhanced and more secure payments experience at the point-of-sale. Together, Vantiv and Verifone have created a superior value position for merchants of all sizes.
“The inclusion of NFC technology in iPhone 6 and iPhone 6 Plus is a big step forward for the use of smart devices in commerce,” said Shan Ethridge, vice president and general manager, North America Financial Services Group, Verifone. “Today, every NFC-enabled Verifone terminal has the capability to support Apple Pay. Together with Vantiv, we can ensure merchants have the platform they need for both EMV card payments and secure, NFC-based commerce. This competitive offering will unlock the potential for exciting new experiences between merchants and consumers.”
For the campaign, Verifone is providing an unmatched line of NFC-ready and EMV-compliant hardware and software, including the VX 520 – a rugged countertop device with a powerful processor and expandable memory to handle encryption, decryption and fast processing.
For more information on this campaign, please visit http://info.vantiv.com/Apple-Pay#.
Vantiv, Inc. (NYSE: VNTV) is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the third largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high growth payment segments, such as integrated payments, payment facilitation (PayFacTM), mobile, prepaid and information solutions, and attractive industry verticals such as business-to-business, ecommerce, healthcare, gaming, government and education. For more information, visit www.vantiv.com.
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. For more information, visit www.verifone.com.
Vantiv Corporate Communications
Tel: +1 513-900-5308
Verifone Media Relations
Tel: +1 770-754-3608
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 Verifone NFC-enabled terminals with Vantiv, 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.