Migrating to EMV payment acceptance in the U.S. often requires merchants to spend considerable time and resources to certify point of sale (POS) systems with each of their processors. Gas stations and convenience stores face even greater complexity because they typically rely on their POS systems to manage other operations besides payments.
Faster path to EMV acceptance inside gas stations & convenience stores
Fortunately, Commander Site Controller from Verifone (NYSE: PAY), a world leader in payments and commerce solutions, is now certified for EMV acceptance with First Data’s (NYSE: FDC) Rapid Connect, which will expedite gas stations’ and convenience stores’ ability to deploy in-store EMV payment systems with First Data.
The fastest site controller in petro, Commander Site Controller increases speed for payment acceptance, fueling operations and back office control while separating payment, fuel and POS software for easier management and remote upgrades.
“Commander Site Controller simplifies all aspects of convenience store and retail petroleum operations management,” said Dan Yienger, senior vice president and general manager of Petroleum for Verifone. “Certification with First Data’s solution, which streamlines application testing, certification and delivery, enables Commander to further reduce complexity for gas stations and convenience stores by providing a speedier path to in-store EMV acceptance and simplifying their ability to keep payment systems up-to-date with EMV software updates.”
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 implementation of EMV acceptance with our petroleum convenience store customers, 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 instore 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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