Verifone’s Next-Generation Devices for
Merchants Set New Standards for Consumer Experience
Enabling Merchants and Partners with
Consumer Interactivity, App Delivery, Next-Gen Security, and
Omni-Channel Capabilities
To empower merchants, acquirers, and service providers with new
commerce opportunities and experiences in store and protection
against escalating security threats—Verifone (NYSE: PAY), the
world’s leader in payment and commerce solutions, today announced
Verifone Engage, the next generation family of payment devices that
globally redefines what’s expected of point-of-sale (POS) hardware
and software. Demonstrations of Verifone Engage products will be
showcased next week at Money20/20 in Las Vegas.
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Verifone P400: Commerce Screen
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Verifone Engage is the company’s first-ever, fully-integrated,
Linux-based product family, encompassing a complete range of
payment solutions for merchants, acquirers, and service providers.
It is the result of a new strategy at Verifone to bring unique
value to the POS and the consumer experience with intuitive,
connected and commerce-enabled solutions.
“We’re leading the industry to dramatically transform the retail
POS to be much more than a box that takes card-based payments,”
said Glen Robson, EVP, Global Head of Terminals Solutions,
Verifone. “The Verifone Engage family of products is a major
paradigm shift in our approach to the point of sale. We are
leveraging the power and performance of our open and flexible
architecture to bring an entirely different level of interaction
between consumers and merchants. With a two-way conversation that
can happen at the counter and anywhere in store, we are making the
shopping experience more profitable for merchants and more
rewarding for consumers.”
Offering the best of physical, mobile and online consumer
interaction, Verifone Engage helps businesses create meaningful
relationships that drive loyalty and revenue growth. In addition,
enterprise and third-party apps from the Verifone App Marketplace
will offer the potential of unlimited customization and
personalization options for merchants.
“Powerful software applications are driving the evolution of
payment terminals,” said James Wester, worldwide payments research
director, IDC. “By expanding what payment terminals can do, these
new devices aren’t just for secure, one-dimensional transactions;
they’re creating new multi-dimensional retail experiences and new
levels of personal engagement with consumers.”
The Verifone Engage product family meets current payment system
demands while delivering future commerce opportunities for
merchants with:
• Sleek and functional design with crisp
multi-media displays
o Simple, intuitive user interface for
more consistent and seamless experiences
o Multiple form factors for merchants that
make a variety of customer interactions possible
• Enhanced buying experiences with two-way
customer interactivity
o Store and display rich media for upsell,
cross-well and advertising opportunities
o Push out coupons and offers on-the-spot
and reward frequent shoppers with loyalty and points programs
• Advanced multi-layered security
o Safeguard sensitive information with
encryption and tokenization
o Meets the latest PCI requirements (PCI
4.X approved)
• Full compatibility with all wallets
o Built-in standard for faster EMV
adoption to combat fraud without additional regulatory
certifications
o Supports full spectrum of payment
functions including: mag-stripe, EMV, and NFC/contactless as well
as support for BLE connectivity
Verifone has more than 10 years of experience with the design
and manufacture of millions of secure Linux-based terminals that
are installed worldwide. This proven track record has built within
Verifone the technological excellence required to create the most
robust, fully-integrated payment ecosystem available in the global
payment industry.
Piloting in the fourth quarter of 2015, global product
availability will be on a rolling basis throughout 2016 and 2017.
For more information on Verifone Engage or any Verifone product,
please visit www.Verifone.com.
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 Verifone Engage product family,
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 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 with 27 million terminals deployed
worldwide. 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/20151022005681/en/
VerifoneKwiyoung Baumgarten,
770-754-3460Kwiyoung.baumgarten@verifone.com
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