SAN JOSE, Calif.–(BUSINESS WIRE)–VeriFone Systems, Inc. (NYSE: PAY), the arch all-around acquittal solutions provider, appear today it is partnering with Google (NASDAQ: GOOG) and top retailers to arrange Google Wallet, an Android app that allows consumers to use basic versions of their absolute artificial cards stored on their phones. Consumers will artlessly tap their phones to VeriFone’s NFC-enabled acquittal systems at the point of auction (POS) to pay, booty advantage of promotions and redeem coupons.
The trials are occurring throughout the U.S. at above retailers including American Eagle Outfitters, Bloomingdales, Champs Sports, Foot Locker, GUESS, Macy’s, Radio Shack, The Container Store and Toys“R”Us. These merchants aspire to be Google SingleTap merchants that accredit payment, offers, and adherence via a distinct tap with NFC.
VeriFone is the adopted acquittal solutions provider for retailers with added than one actor NFC-capable VeriFone MX Solutions systems deployed in the U.S. and 70 percent of the top 200 retail companies in the U.S. application the company’s acquittal systems. VeriFone NFC solutions amount assorted POS environments for baby to ample retailers, including above retail outlets, grocery stores, gas pumps, accessibility stores, taxis, restaurants, adaptable merchants and self-service kiosks.
“VeriFone is at the centermost of the adaptable payments innovations that will accompany the affluence of the online ambiance to the concrete point-of-sale with new acquittal options, agenda couponing, loyalty, location-based amusing media and value-added services,” said VeriFone CEO Douglas G. Bergeron. “We acquire congenital the world’s arch payments basement with 30 years of acquaintance and addition in enabling assorted acquittal types with active security. We will abide to innovate and beforehand in NFC and in our own adaptable payments technology to drive the approaching of defended adaptable commerce.”
Stephanie Tilenius, carnality admiral of commerce, Google, said: “VeriFone’s all-encompassing retail presence, aegis basement and cast acceptance accomplish it a actual important accomplice in our NFC offering. We’re agog about our aboriginal success calm and attending advanced to carrying amount to consumers and retailers through Google Wallet.”
VeriFone provides merchants with adaptability and accessible clearing to Google Wallet and the adeptness to advantage NFC to access sales and chump adherence through multi-application, alternate systems. NFC is accessible beyond VeriFone’s absolute band of products, with assured aegis and the adeptness to acclimate to assorted acquittal types for around any ambiance so that merchants of any blazon — from ample retailers to baby merchants, from pay at the table to abandoned — can adjustment NFC-enabled accessories and acquire adaptable payments.
“At The Container Store, we acquire a affection for chump service. We’re consistently acquisitive to beforehand new technologies that drag our barter arcade experience,” said John Thrailkill, carnality admiral of food at The Container Store. “Beyond accouterment our barter with added acquittal options, this technology is an advance in both accessibility and ultimately security. It’s additionally a fun way to pay and that adds to the air of action our barter acquaintance in our stores.”
“American Eagle barter are rarely apparent after adaptable phones in their hands, and they adulation actuality a allotment of the latest technology innovations,” said Beth McCormick, chief administrator of chump systems, American Eagle Outfitters, Inc. “VeriFone is enabling us to accomplish the AE arcade acquaintance alike added fun and acceptable beyond online, adaptable and in-store channels.”
Bergeron concluded: “If these contempo acknowledged trials advance to advanced calibration deployment beyond the industry, we apprehend that our U.S. advance will adore an incremental addition of $100 to $150 actor dollars per year over the aing several years, and alike added than these amounts internationally.”
Safe Harbor Statement beneath the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.
This columnist absolution includes assertive advanced statements accompanying to VeriFone Systems, Inc. aural the acceptation of the Private Securities Litigation Reform Act of 1995. These statements are based on VeriFone management’s accepted expectations or behavior and are accountable to ambiguity and changes in circumstances. Actual after-effects may adapt materially from those bidding or adumbrated by the advanced statements herein due to changes in economic, business, competitive, abstruse and/or authoritative factors, and added risks and uncertainties affecting the operation of the business of VeriFone Systems, Inc. These risks and uncertainties include: the acknowledged balloon of our adaptable payments band-aid with Google and accommodating retailers, our adeptness to assure adjoin fraud, the cachet of our accord with and action of third parties aloft whom we await in the conduct of our business, our assurance on a bound cardinal of customers, uncertainties accompanying to the conduct of our business internationally, our assurance on a bound cardinal of key employees, abbreviate artefact cycles, rapidly alteration technologies and advancement aggressive administration position with account to our acquittal band-aid offerings. For a added account and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our anniversary address on Form 10-K and our annual letters on Form 10-Q. VeriFone is beneath no obligation to, and especially disclaims any obligation to, amend or adapt its advanced statements, whether as a aftereffect of new information, approaching events, changes in assumptions or otherwise.
About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the all-around baton in defended cyberbanking acquittal solutions. VeriFone provides expertise, solutions and casework that add amount to the point of auction with merchant-operated, consumer-facing and self-service acquittal systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are advised to accommodated the needs of merchants, processors and acquirers in developed and arising economies worldwide.
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