Westpac Offers Next-Gen Portable Payment Devices & Full Terminal Management to Customers Leveraging Verifone Payment as a Ser...
June 22 2015 - 4:30PM
Business Wire
Verifone (NYSE: PAY) announced today that Westpac Banking
Corporation (‘Westpac Group’) will be the first bank in Asia
Pacific to deploy its new handheld EMV and NFC-enabled terminal
solution that is fully supported with payment services from
Verifone.
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With more than 13 million customers, Westpac Group is one of the
largest financial services institutions in Australia and New
Zealand. Westpac Group—including St. George, Bank of Melbourne and
Bank SA—will provide the VX 690 payment terminal from Verifone
along with full terminal management support through Verifone’s
Payment as a Service platform. The partnership provides a superior
level of servicing that will offer Westpac Group’s merchant clients
a market leading platform for faster onboarding, the ability to see
their daily transaction activity in real-time and full support
provided by Verifone’s technical expertise.
“At Westpac we know the tools our merchants use are critical to
getting the most out of their business and delivering the best
possible experience for their customers,” said Steve Aliferis, Head
of Product, Australian Financial Services, Westpac Group. “That’s
why we are one of the first banks in the world to introduce the
latest Verifone terminals which are designed to solve payment
challenges and bring convenience to our merchants to accept
emerging forms of payments in any type of environment.”
A handheld payment terminal, the VX 690 can accept all types of
payments—including EMV, NFC and mobile wallets. It features
Bluetooth, 3G radio and Wi-Fi connectivity that meets merchants’
demands—especially where multiple connectivity options are
increasingly required for payment device acceptance. The terminal
will also be able to accept cards branded by UnionPay International
(previously China UnionPay).
Verifone’s Payment as a Service platform will enable merchants
to connect the terminals to Verifone’s gateways for efficient
transaction routing, simplified device monitoring and enhanced
payment security and compliance. Each terminal is also backed by
Verifone’s call center and field support services.
“This new platform provides Westpac Group a core end-to-end
solution to help solve payment challenges for merchants, enhance
the customer experience and easily go to market with additional
payment products and services in the future,” said Peter McLeod,
General Manager of Australia and New Zealand for Verifone. “The
ability to simplify payments and enhance customer service are just
some of the reasons we continue to see an increasing number of
financial institutions and merchants outsourcing the deployment and
management of their payment systems to us.”
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 VX690 terminal with Westpac Banking
Corporation, 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 Westpac Banking Corporation (www.westpac.com.au)
Westpac Banking Corporation (Westpac) was founded in 1817 and
was the first bank established in Australia. Westpac Group has
branches and controlled entities throughout Australia, New Zealand
and the near Pacific region and maintains offices in key financial
centres around the world including London, New York, Hong Kong and
Singapore. Westpac is ranked in the top 5 listed companies by
market capitalisation on the Australian Securities Exchange Limited
(ASX).
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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VerifoneMedia RelationsAlex Shorter, +1
770-754-3608Alex.shorter@verifone.com
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