Verifone (NYSE: PAY) today announced that its Commander Site
Controller and Ruby2 POS solutions have been selected by The Fikes
Companies for deployment across its entire chain of CEFCO
Convenience Stores. One of the top 40 largest company-operated
convenience store chains in the U.S., CEFCO operates 227
convenience stores within Alabama, Arkansas, Florida, Louisiana,
Mississippi, Oklahoma and Texas.
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The Fikes Companies Selects Verifone for
Streamlined EMV Migration & Enhanced Management Capabilities
across Its CEFCO Convenience Store Chain (Photo: Business Wire)
EXPEDITED EMV MIGRATION
Verifone’s solutions will provide CEFCO an EMV-ready platform
that enables the chain to support EMV in its stores in time for the
October 2015 EMV liability shift. In addition to reducing
complexity by separating payment, fuel and POS software for easier
management and remote upgrades, the solutions will also enable
CEFCO to support EMV at-the-pump in time for the October 2017 EMV
liability shift that applies to the petroleum forecourt.
“Our goal is to standardize and consolidate our payment systems
with a solution that gives our entire chain of CEFCO stores the
most efficient path to EMV acceptance,” said H. Lorne Brockway,
vice president of Information Technology for The Fikes Companies.
“Verifone’s partnership will enable us to not only support EMV in
time for the liability shift deadlines, but also improve our store
management capabilities and expand our use of the solution in the
future.”
The rollout, which is currently underway and expected to be
completed by the end of 2015, is being managed by Verifone’s
Authorized Service Contractor network.
SINGLE INTEGRATED SITE SOLUTION
Commander Site Controller from Verifone is a single site
management software platform that supports all petroleum and card
brands, providing increased speed in at-the-pump and in-store
payment acceptance, fueling operations and back office control.
Key benefits of Commander Site Controller include:
- Increased speed of payment, fueling
and store control through 100 percent IP data transfer
- Future-proof, expandable
architecture for added functionality
- Remote access for real-time
updates and operations management from any web-enabled device,
including tablets and smartphones
Commander Site Controller features Commander Console - a
cloud-based software management system allowing managers and owners
to manage all aspects of their business, including payment,
in-store and forecourt operations. It includes an iOS and Android
mobile app through which store managers can access a graphical set
of operational matrixes that are easy to navigate.
ENHANCED CHECKOUT & CENTRALIZED STORE MANAGEMENT
Commander Site Controller supports Ruby2, Verifone’s latest POS
solution built specifically to endure harsh convenience store
environments. Its touch-screen console provides fast, efficient
order taking and payment processing, and its multi-core processor
allows for streamlined store and customer management - all through
a centralized device that increases space at the counter with its
small footprint for each work station.
Key benefits of Ruby2 include:
- Increased checkout speed
- Customizable, easy to use
touch-screen
- Small footprint
- Flexibility to support future
business needs
- Full workstation access to store
operation components such as price changes, store updates and
software program management
“Merchants in all verticals are challenged by the migration to
EMV as well as the rapidly changing payment technology landscape,”
said Dan Yienger, senior vice president of Petroleum for Verifone.
“Fikes’ forward-thinking approach to payments will simplify and
expedite its move to EMV, while at the same time putting in place a
flexible, standardized payment system that is easy to use and can
grow with future business needs.”
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 POS solutions with Fikes,
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 The FIKES Companies
The Fikes Companies (“FIKES”) is a group of six family owned
business units. Fikes Wholesale, Inc. which is our petroleum
products marketing business distributes fuel to commercial and
retail accounts throughout the United States through strategic
relationships with Shell, ExxonMobil, ChevronTexaco, Citgo, Valero,
and numerous independent fuel suppliers (www.fikesinc.com). Fikes
Terminals began operations in 2015 and supplies finished products
from our 80,000 barrel fuel terminal in Waco, Texas. Our
convenience retailing business markets through our network of
approximately two hundred and twenty seven CEFCO and Food Fast
branded convenience stores located in Alabama, Arkansas, Florida,
Louisiana, Mississippi, Oklahoma, and Texas (www.cefcostores.com).
CORD Financial Services specializes in ATM sales, placements and
credit card processing services. CORD provides these services to
over 8,000 locations throughout the United States
(www.cordfinancial.com). Our Group Petroleum Services
transportation business consists of twenty-eight fuel delivery
trucks (www.gpscarriers.com), and our JF Air Traffic charter
airline service operates through a partnership with Landmark
Aviation.
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/20150915006046/en/
VerifoneAlex Shorter,
+1-770-754-3608Alex.shorter@verifone.com
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