Enables Merchants to Securely Accept All
Payment Types in Any Environment
Verifone (NYSE:PAY) today announced that one of Chile’s largest
payment processing networks - Multicaja - has begun deploying
Verifone’s 3G wireless payment terminal solution to enable
merchants throughout Chile to enhance the consumer experience by
securely accepting all forms of payment from beyond the counter—in
any retail environment.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20150811005666/en/
The VX 520 3G from Verifone is a portable
payment terminal that enables merchants to securely accept all
forms of payment from on-the-go customers - in any retail
environment. (Photo: Business Wire)
PROVEN EXCEPTIONAL VALUE
Following a competitive evaluation process, Multicaja selected
the Verifone VX 520 3G for its exceptional value and functionality,
which includes an integrated color screen, PCI 3.0 compliance and
the ability to accept EMV, NFC and all other forms of payment.
Multicaja expects to deploy the solution to its new merchant
clients throughout 2015.
Multicaja connects businesses, banks and consumers across all
Chilean regions with its network that processed more than 115
million transactions in 2014. Verifone’s wireless terminal solution
supports Multicaja’s gateway services, which are used by more than
5,000 chains and stores to process a multitude of transactions
including purchases, bill payment, PayPal redemption, deposits and
withdrawals, insurance sales and lottery ticket purchases.
“Multicaja’s payment processing network is the largest in Chile
because of our commitment to the success of our merchant clients,”
said Pamela Cuzmar, Chief of Technology and Operations, Multicaja.
“Verifone’s terminal solution provides us with a reliable,
future-proof device - backed by decades of payment technology
leadership - that enriches our offerings and enables us to continue
meeting our commitment to merchants.”
“Consumers’ expectations are changing, and they increasingly
want to be able to conveniently and securely make purchases in all
types of retail settings, not just at the counter,” said Carlos
Lima, president of Latin America and the Caribbean for Verifone.
“Providing our secure EMV and NFC enabled wireless solution
demonstrates Multicaja’s forward-thinking approach to payments, as
well as its commitment to helping clients succeed by giving them
the ability to meet consumers’ changing demands while
future-proofing their payment infrastructure.”
MULTI-PAYMENT ACCEPTANCE IN ALL MERCHANT ENVIRONMENTS
Verifone’s reliable, rugged solution handles encryption,
decryption and processing at lightning speeds thanks to a powerful
processor and expandable memory that supports demanding value-added
applications. The wireless 3G version of the device provides added
portability and flexibility in deployment and usability -
especially for restaurants, transportation service providers, and
other types of merchants that interact with consumers in
“on-the-go” environments.
FEATURE RICH FOR ENHANCED CONSUMER INTERACTION
One of the most popular payment terminal solutions available
today, the VX 520 from Verifone is designed for easy use and
includes the following features to ensure enhanced interaction with
consumers:
- Future-proof technology, including EMV,
NFC enablement and PCI PTS 3.X certification
- Ergonomic design and small
footprint
- 5-way screen navigation button
- High contrast, 128 x 64 white backlit
display (screen) and keypad for all lighting situations
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 new terminal solutions with
Multicaja, 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 Multicaja
Multicaja was created in April 2007 and started its operations
in April 2008 with the main objective to develop an information
system and process data to facilitate online transactions. For that
purpose, Multicaja has been contracted by several “Clients”
(companies that want to offer their transactions through the
Multicaja network) such as mobile phone networks (prepaid credit),
insurance companies (compulsory car insurance) and utilities
companies, such as lighting, gas, etc., for bill payments. The
service Multicaja provides to these Clients includes the capture,
transmission, registration, management and processing of electronic
transactions that transact through Multicaja´s merchant network.
Multicaja has enabled electronic devices (POS) that allow Merchants
to connect to its systems.
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
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version on businesswire.com: http://www.businesswire.com/news/home/20150811005666/en/
VerifoneAlex Shorter, +1
770-754-3608Alex.shorter@verifone.com
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