Verifone (NYSE: PAY) today announced that it will provide Aldi France with 3,200 payment devices designed to accept all cashless payments including contactless and mobile wallets. Aldi France operates 900 retail locations and is a unit of Group Aldi, a leader in the global retail grocery market.
With 87 percent of mobile phone purchases being smartphones in 2015, data shows more and more French consumers have mobile wallet and contactless technologies in their hands to speed up purchasing and experience shopping convenience.
Aldi is deploying the VX 520, Verifone’s robust and reliable countertop payment system that handles contactless and NFC-enabled card processing at lightning speeds with its powerful processor and expandable memory. It also enables Aldi France to accept mobile wallet technologies such as Apple Pay, Google Pay and Android Pay, subject to market availability. Additionally Verifone will supply its P5C PINpads and check readers to equip Aldi’s checkout lanes with fast and efficient payment acceptance.
“Verifone is extremely pleased that Aldi has extended its relationship based on our past performance and our continued innovations in payments,” said Jean-Philippe Niedergang, VP and GM Southern Europe, Verifone. “This demonstrates Verifone’s growth and leadership in France’s retail sector, and our ability to deliver simple, safe solutions that help to create great consumer interactions so businesses can sell more and grow.”
In addition to this relationship in France, Verifone works with Aldi in several European countries including the U.K. and Germany.
With smartphone adoption continuing to grow among consumers in every part of the world, Verifone is enabling retailers large and small to accept all types of mobile wallets and contactless payment while opening the door to new possibilities for in-store interactions between merchants and connected consumers.
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 payment solutions with Aldi France, 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 approximately 29 million devices and 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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Verifone.com | (NYSE: PAY) | @verifone