To empower merchants, acquirers, and service providers with new commerce opportunities and experiences in store and protection against escalating security threats—Verifone (NYSE: PAY), the world’s leader in payment and commerce solutions, today announced Verifone Engage, the next generation family of payment devices that globally redefines what’s expected of point-of-sale (POS) hardware and software. Demonstrations of Verifone Engage products will be showcased next week at Money20/20 in Las Vegas.
Verifone Engage is the company’s first-ever, fully-integrated, Linux-based product family, encompassing a complete range of payment solutions for merchants, acquirers, and service providers. It is the result of a new strategy at Verifone to bring unique value to the POS and the consumer experience with intuitive, connected and commerce-enabled solutions.
“We’re leading the industry to dramatically transform the retail POS to be much more than a box that takes card-based payments,” said Glen Robson, EVP, Global Head of Terminals Solutions, Verifone. “The Verifone Engage family of products is a major paradigm shift in our approach to the point of sale. We are leveraging the power and performance of our open and flexible architecture to bring an entirely different level of interaction between consumers and merchants. With a two-way conversation that can happen at the counter and anywhere in store, we are making the shopping experience more profitable for merchants and more rewarding for consumers.”
Offering the best of physical, mobile and online consumer interaction, Verifone Engage helps businesses create meaningful relationships that drive loyalty and revenue growth. In addition, enterprise and third-party apps from the Verifone App Marketplace will offer the potential of unlimited customization and personalization options for merchants.
“Powerful software applications are driving the evolution of payment terminals,” said James Wester, worldwide payments research director, IDC. “By expanding what payment terminals can do, these new devices aren’t just for secure, one-dimensional transactions; they’re creating new multi-dimensional retail experiences and new levels of personal engagement with consumers.”
The Verifone Engage product family meets current payment system demands while delivering future commerce opportunities for merchants with:
Sleek and functional design with crisp multi-media displays
- Simple, intuitive user interface for more consistent and seamless experiences
- Multiple form factors for merchants that make a variety of customer interactions possible
Enhanced buying experiences with two-way customer interactivity
- Store and display rich media for upsell, cross-well and advertising opportunities
- Push out coupons and offers on-the-spot and reward frequent shoppers with loyalty and points programs
Advanced multi-layered security
- Safeguard sensitive information with encryption and tokenization
- Meets the latest PCI requirements (PCI 4.X approved)
Full compatibility with all wallets
- Built-in standard for faster EMV adoption to combat fraud without additional regulatory certifications
- Supports full spectrum of payment functions including: mag-stripe, EMV, and NFC/contactless as well as support for BLE connectivity
Verifone has more than 10 years of experience with the design and manufacture of millions of secure Linux-based terminals that are installed worldwide. This proven track record has built within Verifone the technological excellence required to create the most robust, fully-integrated payment ecosystem available in the global payment industry.
Piloting in the fourth quarter of 2015, global product availability will be on a rolling basis throughout 2016 and 2017. For more information on Verifone Engage or any Verifone product, please visit www.Verifone.com.
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: successful rollout of our new Verifone Engage product family, 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.
Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting payment devices to the cloud—merging the online and in-store shopping experience and creating the next generation of digital engagement between merchants and consumers. We are built on a 30-year history of uncompromised security with 27 million terminals deployed worldwide. Our people are known as trusted experts that work with our clients and partners, helping to solve their most complex payments challenges. We have clients and partners in more than 150 countries, including the world’s best-known retail brands, financial institutions and payment providers.
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