Verifone to Deliver End-to-End, EMV-Ready Payment Solution to Microsoft Dynamics Customers
Single integrated solution will help Microsoft Dynamics users expedite EMV acceptance, simplify payment management, enhance security & more
NEW YORK (NRF Big Show 2016, Verifone Booth #3343 and Microsoft #2803)—Jan. 14, 2016– Verifone (NYSE: PAY) today announced its partnership with Microsoft to provide comprehensive EMV-ready Payment as a Service solutions certified for Microsoft Dynamics AX for Retail and Commerce solutions.
SIMPLIFIES EMV CERTIFICATION
In addition to Payment Card Industry (PCI) compliance, merchants are challenged by the expensive and time consuming process of certifying their point of sale (POS) software with processors in order to support EMV. Fortunately, Microsoft Dynamics AX and Microsoft Dynamics RMS users will be able to overcome these challenges with Payment as a Service from Verifone, which bundles payment hardware, software and support services into a single integrated solution, enabling merchants to centrally manage their entire payment system.
The solution is built on Verifone’s Secure Commerce Architecture (SCA), which connects payment terminals directly to the Verifone Payment Gateway, preventing sensitive payment data from entering POS software. This enables merchants to update their devices to support PCI changes and card brand-specific EMV requirements—without having to re-certify each time software changes occur.
CENTRALIZES PAYMENT SYSTEM MANAGEMENT
“Ongoing changes in standards and requirements have made managing payments increasingly more complex,” said Ashvin Mathew, General Manager, Microsoft Dynamics. “Partnering with Verifone—a longtime expert in solving merchants’ payment challenges—will simplify this process and enable our users to focus on growing their businesses and improving the customer experience.”
“In addition to simplified payment management, merchants want the most efficient, secure and hassle-free ways to support EMV, NFC, mobile wallets and other emerging payment methods that also offer new engagement opportunities with their customers,” said Jim Surber, regional head of Payment as a Service, North America, Verifone. “Partnering with Microsoft Dynamics—provider of industry leading point of sale software and omni-channel retail and commerce solutions—will greatly expedite our ability to deliver these capabilities to a vast number of merchants across the U.S.”
PROTECTS CARDHOLDERS & MERCHANTS
By decoupling sensitive payment information from the POS, SCA prevents exposure of such information to malware that cybercriminals often use to infect POS software and steal cardholder data. And, Verifone’s Payment as a Service offerings incorporate end-to-end encryption, which renders cardholder data useless to cybercriminals—even in the event of a breach.
ADDS VALUE FOR CONSUMERS AT THE POINT OF SALE
SCA is also the foundation of Verifone’s Commerce Enablement offerings, which enable merchants to provide more value to consumers at the POS. For Microsoft Dynamics users, this means that, in addition to simplifying payments and enhancing security, they will also be able to improve sales and customer loyalty through targeted advertising, digital loyalty, coupons and product offers delivered to consumers at the terminal.
LEARN MORE AT NRF 2016
Learn more at Verifone (#3343) or Microsoft’s (#2803) booths at The NRF Big Show 2016 in New York City, or visit http://lp.verifone.com/us/microsoft-dynamics/.
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: market acceptance of our products and service offerings, 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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