Combining highest levels of security into
point-of-sale brings smarter, faster and easier payments to small
and medium-sized businesses
In an era where connected commerce technologies are transforming
consumer behavior, research shows the next several years will see
small- to medium-sized businesses (SMBs) increasing adoption of new
commerce software and technologies. To help SMBs keep pace and win
in the face of this transformation, Verifone (NYSE: PAY) and
Vantiv, Inc. (NYSE: VNTV) today announced an agreement to bring the
Verifone Carbon Commerce Platform to market in the United States as
a key feature of the Vantiv SmartFit Solutions™.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20161021005186/en/
Vantiv is the first to offer Verifone
Carbon with the commerce platform (Photo: Business Wire)
“We found that businesses want smarter, more secure technology
to provide advanced payments, create loyalty and grow their
business. Verifone Carbon with Vantiv SmartFit Solutions is
designed to do that, fitting the needs of small and medium-sized
businesses,” said Patty Walters, senior leader of Security, PCI,
EMV and Terminals at Vantiv.
The Vantiv SmartFit Solutions is a flexible, proprietary
approach to providing SMBs with a customized solution for payment
processing and adaptable applications that meet their unique needs
as their business grows. Verifone Carbon will be loaded with
Vantiv’s tablet-based payments system for retailers and
restaurants. Working with partner iMobile3, a leading provider in
point of sale and commerce software, Verifone Carbon includes order
and inventory management, tools for online analytics and reporting,
and a gift card program, all features that most SMBs desire but
often can’t afford.
“SMBs are in need of open, agile and intelligent solutions that
can help them adapt to change,” said Jordan McKee, senior analyst,
451 Research. “These solutions must address key organizational
challenges, such as controlling costs and generating customer
loyalty, while accommodating the influx of new consumer
technologies such as digital wallets.”
Later this year dozens of businesses across the U.S. will begin
piloting their own customized Verifone Carbon. Each business will
receive a system designed for their unique needs, with security,
support, versatile payment acceptance, and tailored value-added
solutions including the freedom to choose applications to manage
their business and increase customer engagement.
Designed as a portable countertop with dedicated merchant and
consumer facing tablets for optimal business management and
consumer engagement, Verifone Carbon is powered by Intel’s
high-speed chipset for fast processing to run Vantiv’s proprietary
software and third party applications. Verifone’s Commerce Platform
enables open, cloud-based and secure solutions. Merchants will be
able to access a variety of applications from the worldwide
developer community, to manage and grow their business, and reward
their best customers.
In this pilot, pre-loaded apps will include TruRating, an
innovative solution that takes the pulse of consumer sentiment via
the Carbon device, asking customers to anonymously rate an aspect
of their consumer experience on the touch screen, and Verifone
Media App for displaying promos and branded content on the
consumer-facing tablet, all in real time.
“Which point of sale to buy is a critically important decision
for merchants and their service providers to meet changing consumer
expectations,” said Jennifer Miles, president, Verifone North
America. “By offering Vantiv’s SmartFit solutions on Verifone’s
Commerce Platform, Vantiv will enable merchants to drive more
stickiness and loyalty, and provide consumers with experiences that
are engaging, efficient and relevant to their connected world.”
Verifone Carbon will be on display at Money20/20, October 23-27
in Las Vegas. Visit Verifone Booth #2414 and Vantiv booth #1020.
For more information, click here.
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 Verifone Carbon product offering
with Vantiv, 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 Vantiv
Vantiv, Inc. (NYSE: VNTV) is a leading payment processor
differentiated by an integrated technology platform. Vantiv offers
a comprehensive suite of traditional and innovative payment
processing and technology solutions to merchants and financial
institutions of all sizes, enabling them to address their payment
processing needs through a single provider. We build strong
relationships with our customers, helping them become more
efficient, more secure and more successful. Vantiv is the second
largest merchant acquirer and the largest PIN debit acquirer based
on number of transactions in the U.S. The company's growth strategy
includes expanding further into high-growth channels and verticals,
including integrated payments, eCommerce, and merchant bank. Visit
us at the new www.vantiv.com, or follow us on Twitter, Facebook,
LinkedIn, Google+ and YouTube.
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 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
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161021005186/en/
VerifoneKwiyoung Baumgarten, PR,
770-754-3460Kwiyoung.baumgarten@verifone.comorChris Mammone, IR,
408-232-7887christopher.mammone@verifone.comorVantivLori
Stafford-Thomas, 970-335-4904Lori.stafford-thomas@vantiv.com
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