Verifone Systems, Inc. (NYSE: PAY), today announced RubyCi, an integrated site controller and point-of-sale (POS) solution that combines features of its Ruby2 POS system and Commander Site Controller. The solution will enable average-sized convenience stores and petroleum retailers to more efficiently manage their POS, payment and fueling systems and prepare their payments infrastructure for EMV.
Larger convenience stores and retail petroleum chains frequently use Commander and Ruby2 in combination to manage payment acceptance, fueling and POS transactions. RubyCi is designed to provide such functionality and EMV-readiness in one easy-to-manage system designed with a small footprint to meet the needs of average-sized convenience stores and petroleum retailers. RubyCi comes with all of Commander Site Controller’s interfaces to back offices, loyalty providers, price signs, and other peripherals for unparalled connectivity in a smaller-volume package.
“With RubyCi, Verifone is providing average-sized and independently owned convenience store and retail petroleum operations the opportunity to prepare for the upcoming EMV liability shift while leveraging the sophisticated operations management features that larger chains are accustomed to, all through a customizable, all-in-one solution,” said Dan Yienger, senior vice president and general manager of Petroleum for Verifone.
Like the Ruby2, RubyCi features a touch-screen console providing fast, efficient order taking and payment processing. By incorporating Commander Site Controller functions, RubyCi combines POS management with site, payment and forecourt control in one device. A multi-core processor provides increased speed for easier store and customer management as well as IP connectivity for more demanding EMV transactions.
RubyCi is currently undergoing Verifone’s rigorous field trials and is expected to be commercially available by the end of 2014.
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: market adoption of Verifone’s RubyCi solution, 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 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.