Harbortouch Selects Verifone Terminal Solutions to Meet EMV, Next-Generation Payment Needs
April 30 2015 - 8:00AM
Business Wire
Verifone (NYSE: PAY) today announced that Harbortouch, a leading
national point of sale (POS) system and merchant services provider,
has selected Verifone terminal and PIN pad solutions to provide
next-generation EMV and NFC capabilities to its customers.
Harbortouch Selects Verifone Terminal
Solutions to Meet EMV, Next-Generation Payment Needs (Photo:
Business Wire)
IMPENDING LIABILITY SHIFT
Harbortouch will use Verifone’s VX 520 countertop payment
terminal in combination with the VX 805 PIN pad to accommodate EMV
and contactless NFC payments. This solution provides merchants with
an easy migration path to EMV as the mandated liability shift
approaches. These Verifone terminal solutions also accommodate
emerging NFC payment types such as Apple Pay.
“With the impending EMV liability shift and new NFC payment
types emerging, it is critical for merchants to begin accepting
these payment types,” said Harbortouch CEO Jared Isaacman. “After
comparing various next-generation terminals, we felt that Verifone
offers the most capable and secure solution for our merchant
customers.”
Harbortouch currently handles merchant accounts for more than
110,000 business locations and processes in excess of $9 billion
annually.
FUTURE-PROOFED PAYMENT ACCEPTANCE
“By partnering with Verifone, Harbortouch is able to provide its
merchant clients with a future-proof terminal solution backed by
more than 30 years of payment innovation and expertise,” said Shan
Ethridge, vice president and general manager, North America
Financial Services Group, Verifone. “The VX 520 is an incredibly
reliable device that supports emerging payment methods that are
growing in demand amongst consumers, as well as applications that
can add more value to the POS, while the VX 805 is a stylish and
sleek customer-facing PIN pad that is easy to hand over to
consumers for card acceptance and PIN entry.”
EMV READINESS
Verifone provides an unmatched line of EMV-compliant hardware
and software and is working closely with partners to ensure that
all payment applications designed to run on these devices will be
EMV-certified. VX Evolution solutions from Verifone
provide:
- Faster checkout speeds allowing
merchants to complete more transactions and get consumers on their
way more quickly.
- Ease-of-use with backlit screens
and keypads for all lighting environments.
- Powerful performance as a result
of lightning-fast processors that can handle the most complex,
demanding transactions.
Businesses of all kinds have relied on the security and
convenience of Verifone payment terminals for more than three
decades. With the latest certifications and EMV compliance,
Verifone terminals ensure simple and secure processing of all
transaction types.
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 payment solutions
with Harbortouch, 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 Harbortouch
Harbortouch is a leading national supplier of point of sale
(POS) systems, serving tens of thousands of businesses across the
nation. The company offers an unparalleled "free" program that
supplies a full-featured POS system to restaurants and retail
businesses with no up-front costs. Professional installation and
onsite training are included with every order and award winning
customer service and technical support are available 24 hours a
day, seven days a week. In addition to offering state-of-the-art
POS systems, Harbortouch also delivers a full range of merchant
services such as credit/debit and gift card processing. For
additional information,
visit www.harbortouch.com or 800-201-0461.
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/20150430005418/en/
VerifoneAlex Shorter, +1
770-754-3608Alex.shorter@verifone.com
Paymentus (NYSE:PAY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Paymentus (NYSE:PAY)
Historical Stock Chart
From Apr 2023 to Apr 2024