Verifone (NYSE: PAY), a world leader in payments and commerce solutions, and Pennies, the digital charity box, today announced that their partnership has reached a significant milestone by helping to unlock £1million for charities in the United Kingdom.
The Pennies application works by allowing consumers to donate small sums to charity - always under £1 - by ‘rounding up’ or ‘topping up’ when paying by card in-store and online. Retailers using Verifone’s devices and managed payment service can enable donations as a seamless part of the payment process. Participating retail partners include ASK Italian, Zizzi, Notcutts, and Evans Cycles.
Approximately 37,000 donations are made each week via Verifone’s merchants, with an average donation value of 23.5p. To date, over 4,400,000 micro-donations have been made across the partnership totaling more than £1million. These funds have supported more than 20 charities so far including Cancer Research UK, Together for Short Lives, Great Ormond Street Hospital Children’s Charity, and Cyclists Fighting Cancer.
June Felix, President Verifone Europe said: “We are delighted to be working in partnership with Pennies where our technology is helping good causes. Verifone is proud of our ability to innovate and add value for merchants at the point of sale. Here we are showing how our products and services can be used to benefit consumers, retailers and charities alike.”
Alison Hutchinson CBE, CEO of Pennies said: “Verifone has helped Pennies to collect more than 4 million micro-donations through its retailers such as Zizzi, ASK Italian and luxury brand Gieves & Hawkes. We’re currently working with Verifone to integrate the digital charity box into the next generation of in-store payment devices. We’re thrilled with all we have achieved so far, and look forward to giving more digital small change a big purpose for millions more customers.”
To find out more about how Pennies and Verifone collaborated with UK restaurant chain Zizzi’s to enable charitable donations please visit Verifone’s case study.
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: continued successful implementation of the Pennies application with our merchant clients, 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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- Pennies is the digital equivalent of the traditional charity collection box. We enable consumers to round-up their bill at participating partners - to make their pennies count for charity.
- Pennies estimates that if the UK’s card holders donated 30p once a month over £150m would be raised for charity every year.
- Pennies is enabled in a number of well-known brands including Domino’s Pizza, Zizzi restaurants, Topps Tiles, The Entertainer, The Fragrance Shop and Screwfix; as well as a growing number of smaller merchants. For more information on Pennies please visit: www.pennies.org.uk
Head of Communication EMEA, Verifone
Phone: +44 (0)7920 378670
Head of Marketing and Communications, Pennies
Phone: +44 (0) 7813 091 970