Verifone Systems, Inc. (NYSE:PAY), announced today that Phoenix Managed Networks has completed the deployment of Verifone’s next-generation IntelliNAC i6 network access controller to Phoenix’s PCI compliant transactions network. IntelliNAC has been certified by select payment processors on the Phoenix network and is now processing nearly one hundred million transactions a month.
“With Verifone networking solutions designed specifically for card payment transactions, Phoenix Managed Networks offers its customers superior POS connectivity with superior performance, reliability and manageability.”
IntelliNAC i6 from Verifone provides next-generation networking and the communications infrastructure to deliver unprecedented performance, speed, security, reporting capabilities and data capacity needed to move large volumes of transactions quickly, securely and accurately. Providing an integrated SSL gateway and support for up to 16 T1 high-speed ports, IntelliNAC ensures maximum performance and payment security.
“With deployment of the IntelliNAC i6 in our U.S. network, we are seeing the benefits of improved port density, which gives us the ability to support more high-speed lines with a smaller hardware footprint,” said Dan Sullivan, Phoenix’s Vice-President of Engineering and Chief Security Officer. “The i6’s capability to process IP and dial POS transactions in the same platform reduces complexity in our network deployment, and allows us to provide the best customer care in the business.”
Headquartered in Reston, Va., with network operations centers in Phoenix, Az., and Sheffield, UK, Phoenix Managed Networks is an international services company focused on electronic payments and merchant security. It provides acquirers, payment processors, banks and retailers worldwide with highly reliable and cost-effective data communications and security services for transaction-oriented applications.
“By adding Verifone’s IntelliNAC i6 to its payment platform, Phoenix Managed Networks is able to achieve better, more efficient performance and ensure its ability to grow with its customers POS transaction needs,” said Shan Ethridge, vice president and general manager, North America Financial Services Group, Verifone. “With Verifone networking solutions designed specifically for card payment transactions, Phoenix Managed Networks offers its customers superior POS connectivity with superior performance, reliability and manageability.”
Verifone’s IntelliNAC delivers electronic transactions to support the high-density, multi-function characteristics of multiple payment environments. It provides hot swap functionality for expansion of deployed products without interrupting current operations. IntelliNAC also supports logging records to provide details about payment transactions and manages security levels to support multi-zone data encryption and the secure movement of thousands of transactions.
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 and market adoption of Verifone’s next-generation IntelliNAC i6 network access controller, 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 Phoenix Managed Networks
Phoenix Managed Networks is a global provider of payments communications, gateway and merchant security services, delivering state-of-the-art, reliable and cost effective solutions connecting retailers with the world's banks, acquirers and processors. Founded in January 2010 with its global headquarters located in Reston, Va., Phoenix has been highly successful in advocating a combination of quality, innovation and uncompromising customer care. For more information, please visit http://www.phoenixmanagednetworks.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.