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Verifone (NYSE: PAY) announced today that it is launching a new
cloud point-of-sale (POS) solution for small-and-medium-sized
businesses (SMBs). The Android-based solution, Verifone Cloud POS,
will be distributed through Verifone’s network of ISO and acquirer
partners.
MERCHANTS WANT MORE VALUE FROM THEIR POS &
PARTNERS
Merchants across the globe are focused on driving store visits,
flexibly managing their business and creating secure, high value
experiences for their customers. In particular, SMB merchants are
seeking more value from their POS in order to accomplish these
goals. They want a secure technology platform that is easily
customizable, can grow with their business by better enabling
digital offers, and identify, engage and reward their best
customers through loyalty and coupon programs.
Additionally, merchants want flexible management and better
insight into their business performance. They want all of this from
a partner that can offer a cost effective solution to traditional
cash registers.
EQUIPS ISOs AND ACQUIRERS TO ENABLE MERCHANT SUCCESS
When bundled with Verifone’s industry-leading mobile terminals
and software, Verifone Cloud POS will enable ISOs and acquirers to
meet the needs of their merchants with an Android-based cloud POS
system for tablets and smart phones offering:
- Turnkey, fully integrated
hardware and software solution
- Open architecture for developers
to easily create customizable/scalable applications for merchants
of all sizes
- Featured value added services,
as well as future integration capabilities with third-party value
added service providers, so that merchants can more easily deploy
digital offers, loyalty and coupons
- Powerful reporting capabilities
that provide merchants with enhanced insight into their
business
- Interoperability with any
processor (processor agnostic)
Additionally, the Android-based system enables remote management
not available in iOS platforms as well as cloud-based storage for
secure access to data anytime, anywhere.
These capabilities combined with Verifone’s industry-leading
secure payment expertise and support - including pre-sale
demonstrations, training and merchant on-boarding - will provide
Verifone partners a foundational cloud POS platform that is capable
of growing their clients’ businesses and ensuring their
success.
“SMBs need more than a payment solution, but until recently it
was difficult to provide enterprise level capability to a small
business,” said Thad Peterson, Senior Analyst, Aite Group.
“Solutions like Verifone Cloud POS solve that problem, and when
connected to a tablet-based terminal, it provides a combination of
functionality and portability that will meet the needs of a variety
of different SMB categories.”
COMPREHENSIVE CLOUD POS FOR TODAY AND TOMORROW
Verifone Cloud POS is ideal for SMBs in a number of verticals,
including restaurants, cafeterias, food service and sports and
entertainment venues, as well as retail. The complete cloud POS
solution includes:
- Offline support to ensure merchants’
businesses are never disrupted
- Access to Verifone’s Commerce
Enablement platform that allows merchants to reward loyal customers
and add value to the POS
- 10.1” Android tablets with WiFi and
optional 4G cellular connectivity for mobile and/or standalone
application
- Optional peripherals such as cash
drawers, receipt printers and scanners
The solution will also include a consumer mobile app, which is
being developed by Verifone, to allow consumers to order ahead from
their smartphones.
“This scalable cloud POS offering, as well as the new suite of
mobile products we announced earlier this year, will address
merchants’ requests for mobile terminals that are more flexible,
future-proof, and operate at a lower cost of ownership,” said Vin
D’Agostino, executive vice president of Commerce Enablement for
Verifone. “Both developments are initial steps in a series of
end-to-end mobile solutions that will package hardware, software,
gateways, and other assets to fully address our clients’ and
partners’ needs and enable them to add more value for consumers at
the point of sale.”
LEARN MORE AT TRANSACT® 15
Visit Verifone (Booth# 1213) at the Electronic Transaction
Association’s (ETA) TRANSACT 15 to learn more about this
comprehensive offering as well as Verifone’s mobile terminals and
software.
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 Cloud POS solution, 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 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
VerifoneAlex Shorter, +1
770-754-3608Alex.shorter@verifone.com
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