Want Faster EMV Transactions? Verifone First to Enable J/Speedy v1.3 Contactless EMV Acceptance for JCB Cardholders
September 29 2015 - 6:00PM
Business Wire
Global rollout begins with Verifone Asia
Pacific clients
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Verifone (NYSE: PAY) today announced approval from JCB Co., Ltd.
to support J/Speedy v1.3 —making Verifone’s merchant clients the
first to be able to accept this latest version of the contactless
EMV payment program used by JCB cardholders.
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Want Faster EMV Transactions? Verifone
First to Enable J/Speedy v1.3 Contactless EMV Acceptance for JCB
Cardholders (Photo: Business Wire)
“We are very pleased that Verifone is the first to globally
support the latest version of J/Speedy for its merchants,” said Tac
Watanabe, EVP of Brand Infrastructure and Technologies for JCB.
“Currently, over 89 million consumers use the JCB card, which is
accepted by more than 28 million merchants in 190 countries and
territories. This certification benefits Verifone clients worldwide
that are eager to accept contactless payments from our
cardholders.”
SPEED, EASE AND SIMPLICITY
“Verifone has been a leader in the world’s migration to the EMV
standard and solving payments challenges for merchants,” said Steve
Aliferis, president of Asia Pacific for Verifone. “Certification
from JCB helps us continue this leadership by enabling our
merchants to be the first to accept the latest version of this
convenient form of contactless EMV—furthering their ability to
reduce checkout times and improve the customer experience.”
J/Speedy provides a simple, fast, and convenient way for
consumers to pay, particularly in environments where throughput
speed is critical, such as supermarkets, convenience stores, and
fast food restaurants. The program enables consumers to pay by
simply tapping their card or mobile phone on a certified terminal
or J/Speedy reader.
VERIFONE FIRST TO IMPLEMENT J/SPEEDY GLOBALLY
Verifone is making its newly certified payment application
software globally available, and merchants in China, Taiwan,
Thailand and other markets in the Asia Pacific region will be the
first to have the ability to update their Verifone terminals to
accept J/Speedy contactless payments from consumers. Interested
merchants can contact their acquirers or terminal providers to
learn more about how they can receive Verifone’s J/Speedy software
update.
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 EMV acceptance solution for JCB
cardholders, 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
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Verifone Media RelationsAlex Shorter, +1
770-754-3608Alex.shorter@verifone.com
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