Heartland and Verifone Renew Alliance; Announce EMV and Encryption Initiative
March 30 2015 - 8:00AM
Business Wire
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Verifone (NYSE: PAY) and Heartland Payment Systems (NYSE: HPY)
today announced a major strategic alliance and key initiatives
aimed at providing merchants with enhanced security and EMV-ready
payment processing.
Heartland and Verifone Renew Alliance;
Announce EMV and Encryption Initiative (Photo: Business Wire)
MIGRATION TO EMV AND END-TO-END ENCRYPTION
Heartland Payment Systems is the nation's fifth largest payments
processor and a leading provider of merchant business solutions,
serving more than 300,000 business and educational locations
nationwide. It will immediately make available Verifone’s EMV and
NFC-enabled VX 520 payment terminal and VX 805 PIN pad with
Heartland Secure™ E3 end-to-end encryption and tokenization. This
offering will provide merchants with rigorous payment security as
well as an easy migration to EMV as the mandated liability shift
approaches.
RENEWED ALLIANCE SUPPORTS MERCHANT NEEDS
“A renewed alliance between Heartland and Verifone ensures
merchants have access to the most secure and flexible payments
solutions on the market today,” said Heartland Chairman and CEO
Robert O. Carr. “Verifone’s popular VX terminals are both Heartland
Secure-certified and support E3 encryption, providing merchants
with an extensive range of payment device options.”
“Providing merchants the flexibility to easily accept new forms
of payment and effectively protect customer data is just one
example of Heartland’s unwavering commitment to its clients’
success,” said Paul Galant, CEO of Verifone. “Heartland’s emphasis
on empowering merchants with innovative products and services that
can enhance and grow their businesses and meet consumers’ changing
demands is why Verifone is proud to partner with such a
customer-focused processor.”
NFC & EMV PAYMENT ACCEPTANCE
Verifone's VX Evolution line supports contact and contactless
transactions with advanced security and reliability.
- The VX 520 is a reliable, rugged
countertop device with a powerful processor and expandable memory
that handles encryption, decryption and processing at lightning
speeds. Integrated NFC capabilities support alternative payments
and also support value-added applications such as loyalty or gift
card acceptance.
- The VX 805 is a contactless PIN pad
that complements the VX 520 for merchants preferring a
consumer-facing peripheral for debit, mag-stripe, EMV and NFC
acceptance at the POS.
LEARN MORE AT TRANSACT® 15
To learn more about Verifone’s alliance with Heartland, visit
Verifone (Booth# 1213) at the Electronic Transaction Association’s
(ETA) TRANSACT 15.
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 execution on the announced EMV and security
initiatives, market acceptance of our product and services
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.
About Heartland
Heartland Payment Systems, Inc. (NYSE: HPY), the fifth
largest payments processor in the United States, delivers
credit/debit/prepaid card processing and security technology
through Heartland Secure™ and its comprehensive Heartland breach
warranty. Heartland also offers point of sale, mobile commerce,
e-commerce, marketing solutions, payroll solutions, and related
business solutions and services to more than 300,000 business and
educational locations nationwide.
A FORTUNE 1000 company, Heartland is the founding supporter
of The Merchant Bill of Rights, a public advocacy initiative
that educates merchants about fair credit and debit card processing
practices. Heartland also established The Sales Professional
Bill of Rights to advocate for the rights of sales
professionals everywhere.
About Verifone
Verifone is transforming everyday transactions into
opportunities for connected commerce. We’re connecting more than 27
million 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. 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.
Verifone.com | (NYSE: PAY) | @verifone
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150330005228/en/
VerifoneAlex Shorter,
+1-770-754-3608Alex.shorter@verifone.com
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