Worldpay and Verifone Announce Strategic Partnership
November 28 2016 - 2:00AM
Business Wire
Expanded agreement to bring new point-of-sale
technology to United Kingdom customers
(TRUSTECH Stand #LER D 027)-- Verifone (NYSE:PAY), a
world leader in payment and commerce solutions, has today announced
a partnership extension with Worldpay, a leading payments company
with global reach. The agreement will see continued delivery of
Verifone’s payment and commerce innovation to Worldpay’s UK
customers enabling them to offer the latest point-of-sale (POS)
solutions, and creating a seamless payments experience.
This extended partnership builds on Verifone and Worldpay’s
long-standing collaboration. It will also expand Worldpay’s current
deployment of Verifone products, which are already used by
thousands of businesses across the U.K. Under the agreement,
Worldpay will work with Verifone to bring new POS technology to the
market such as the VX690 portable device, a flexible solution that
enables Wifi, GPRS and 3G-enabled connectivity. The VX690’s ability
to roll over between Wifi, GPRS and 3G ensures constant
connectivity for merchants and its larger, clearer screen allows
for a better presentation for value-added services.
Verifone’s solutions are capable of accepting a variety of
payment methods including recent innovations such as Apple Pay,
Android Pay and Samsung Pay, giving consumers a frictionless POS
experience. Worldpay and Verifone will also be working together to
bring P2PE compliant solutions to U.K. retailers and deliver new
multi-communication devices to customers.
June Felix, President Verifone Europe said: “We are delighted to
be strengthening our partnership with Worldpay. Verifone is
perfectly positioned to help Worldpay assist their clients in
growing their businesses. We are truly excited to work with
Worldpay to drive greater value and a richer in-store experience to
consumers. The 3-in-1 capabilities offered by the VX690 solution
reduces the complexity and cost of handling three separate products
that are needed today. ”
Dave Hobday, Managing Director, Worldpay U.K. said: “Worldpay’s
aim is to help our customers grow by offering them reliable and
secure ways to accept payments across all channels. We are pleased
to be extending our partnership with Verifone, enabling our
customers to access the very latest POS solutions, enabling them to
sell more.”
“Providing our customers with the most secure and seamless
payment technology is at the heart of our strategy. Becoming the
first acquirer to offer a PCI P2PE Version 2 listing for our
Worldpay Total omni-channel solution which will soon include
Verifone’s VX820 device has been a key focus for the business. By
working closely with partners like Verifone we aim to provide
retailers with best-in-class security whilst relieving the burden
of compliance.”
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 execution of our partnership with Worldpay,
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 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
About Worldpay
Worldpay is a leading payments company with global reach. We
provide an extensive range of technology-led payment products and
services to over 400,000 customers, enabling their businesses to
grow and prosper. We manage the increasing complexity of the
payments landscape for our customers, allowing them to accept the
widest range of payment types around the world. Using our network
and technology, we are able to process payments from geographies
covering 99% of global GDP, across 146 countries and 126
currencies. We help our customers to accept more than 300 different
payment types.
www.worldpay.com
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version on businesswire.com: http://www.businesswire.com/news/home/20161127005034/en/
VerifoneMatt Tapsell, +44 (0)7920 378670Head of Communication
EMEAmatt.tapsell@verifone.com
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