MUNICH and JAKARTA, Indonesia, June 22, 2016 /PRNewswire/ --
- Agreement combines Wirecard software on Verifone
devices
- PT Prima Vista Solusi, Wirecard subsidiary, to collaborate
with Verifone in Indonesia
Wirecard AG and Verifone (NYSE: PAY) have entered into a
strategic alliance to rapidly expand the point-of-sale market in
Asia Pacific beginning with
Indonesia. As the world's fourth
most populous country, Indonesia
is considered one of the largest and fastest growing markets for
payment solutions according to analysts.
The five-year strategic alliance brings together the technology
portfolio and geographic strengths of both companies through
in-country companies like Wirecard's PT Prima Vista Solusi and
locally established Verifone teams, to enable financial
institutions, retailers and various industry verticals to benefit
from best-of-breed payment solutions.
"Working as a strategic development partner to Verifone,
Wirecard will provide software platforms for payment acceptance and
processing that run on Verifone terminals, as well as in-depth
market expertise," said Rudy Khowara, managing director of Wirecard
Global Point-Of-Sales. "Furthermore, unique segment-specific
features will be created through collaboration with our extended
ecosystem of clients and partners."
Though Indonesia is largely a
cash-dominated society, the payment cards market is developing
significantly with payments card transaction volume increasing by
about 124 percent in 2015 as compared to 2010 according Lafferty
Group.
"We are delighted to partner with Wirecard to spur the growth of
new payment solutions and electronic commerce in Indonesia, where we are establishing a local
team and permanent presence," said Steve
Aliferis, president of Verifone Asia Pacific. "With Wirecard
as our preferred partner, we are working to offer banks and
merchants access to the best technology solutions available and
drive payment acceptance of all forms across diverse
environments."
Through their respective subsidiaries in Asia, PT Prima Vista Solusi and VeriFone
Systems International, the two companies will collaborate to
deliver a complete suite of payment commerce services, including
the best-in-class terminal range while planning to introduce the
next generation Verifone Engage family of products and the newly
unveiled, integrated POS solution, Verifone Carbon. Wirecard will
provide software platforms for payment acceptance and processing as
well as in-depth market expertise.
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 collaboration with Wirecard to spur the growth of
payment solutions in Indonesia,
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 Wirecard
Wirecard AG is a global technology group that supports companies
in accepting electronic payments from all sales channels. As a
leading independent supplier, the Wirecard Group offers outsourcing
and white label solutions for electronic payments. A global
platform bundles international payment acceptances and methods with
supplementary fraud prevention solutions. With regard to issuing
own payment instruments in the form of cards or mobile payment
solutions, the Wirecard Group provides companies with an end-to-end
infrastructure, including the requisite licences for card and
account products. Wirecard AG is listed on the Frankfurt Securities
Exchange (TecDAX, ISIN DE0007472060, WDI). For further information
about Wirecard, please visit http://www.wirecard.com or follow us
on twitter @wirecard.
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 approximately 29 million devices and
terminals deployed worldwide. Our people are known as trusted
experts who 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
Wirecard Media Contact:
Wirecard AG
Jana Tilz
+49 (0)89-4424-1363
jana.tilz@wirecard.com
Verifone Indonesia Media Contact:
FleishmanHillard Jakarta
Stephen Warouw
+61-8111571707, +62-818194563
Stephen.warouw@fleishman.com