Verifone (NYSE: PAY) announced today that its complete Payment as a
Service solution has been selected by Turkish Airlines to meet the needs
of its 6,000 ticketing offices and agencies. Verifone will provide a
single-source solution, including help desk, field services, hosting,
and hardware and software services.
Payment as a Service from Verifone provides Turkish Airlines maximum
flexibility while alleviating the burden of integration, management and
cost volatility. Turkish Airlines originally leveraged the platform in
its own ticketing offices before expanding the deployment to its
agencies this past summer. The initial deployment of 1,000 offices is
expected to grow to a total of more than 6,000.
“Verifone’s Payment as a Service ensures that agencies and our own sales
offices can work under the same conditions and eases the work load on
our accounting department,” said Altuğ Meydanlı, vice president of
Income Accounting for Turkish Airlines.
Verifone’s integrated platform enables Turkish Airlines to securely
accept cards from 12 different banks, process installment payments,
simplify reporting across its SAP accounting systems and streamline PCI
management. It also sets the stage for the airline to enhance customer
service by supporting loyalty programs offered by cardholders’ banks.
“Verifone’s integrated, single source Payment as a Service solution
ensures Turkish Airlines is able to meet industry requirements and
ensure security and compliance utilizing our PCI DSS hosting
facilities,” said Onur Altinbaş, general manager for Turkey, Southern
Europe and Russia for Verifone. “This solution handles all payment
transactions, improves customer satisfaction and will enable Turkish
Airlines to offer new loyalty applications.
Payment as a Service from Verifone combines world-class hardware,
software, and services in a flexible and robust managed services suite
with a cost-predictable subscription model to ensure simplicity and
deliver an optimal customer experience.
Additional Resources
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 Verifone’s payment as a service solution
with Turkish Airlines, 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 Turkish Airlines:
Turkish Airlines, which is a member of Star Alliance s, was established
in 1933, this company and currently has a 264 (passenger and cargo)
plane fleet, flies to 217 international, 43 domestic points and 260
points in the world. According to a Skytrax evaluation in 2014, Turkish
Airlines was successively selected as the “Best Airline Company of
Europe” for the 4th time and “Best Airline Company of Southern Europe”
for the 6th time. Turkish Airlines, which won awards of “Best Economy
Catering” of the world in 2010 and “Best Business Class Catering” in
2013, was granted awards of “Best Business Class Catering” and “Best
Business Class Private Passenger Saloon Catering” of the world in a
Skytrax evaluation of this year. You can obtain more detailed
information on Turkish Airlines from this web site: www.turkishairlines.com.
About Verifone
Verifone is transforming everyday transactions into opportunities for
connected commerce. We’re connecting more than 26 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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