(NRF Big Show 2015, Verifone Booth #3731 and Samsung Booth #600) –
Verifone (NYSE: PAY) and Samsung today announced a global
partnership that will deliver advanced, Android-based mobile point of
sale (mPOS) solutions to multi-lane and enterprise retailers.
ANDROID-BASED mPOS BACKED BY TWO TRUSTED BRANDS
Interest in mPOS among larger retailers continues to grow, but adoption
has been held back by limited options for achieving flexibility and
seamless integration into back-end systems. To address this, Samsung—the
global leader in Android-powered smart devices—and Verifone—the world
leader in purpose-built payment technology–are partnering to provide
advanced mPOS solutions–including hardware, software and services–backed
by two trusted global brands.
The initial offering, which will be introduced later this year, will
create a market-leading mPOS system featuring:
-
Ruggedized Samsung Galaxy® Tab Active tablet with 8-inch screen
for comfortable viewing
-
Enhanced security with Verifone’s point-to-point
encryption of payment data, coupled with Samsung’s Knox mobile device
security (available with a separate licensing fee)
-
Ease of use with multiple connectivity options, including
Wi-Fi, Bluetooth and USB connectivity; transactions can be conducted
using one hand at the counter, in the aisle, or in any environment
-
Payment acceptance of all types, including EMV, NFC, beacons
and traditional magnetic stripe
-
Commerce enablement capabilities provided by Verifone’s
Commerce Enablement platform, enabling retailers to deliver
value-added services, targeted marketing and advertising content from
anywhere inside or outside the store
“Samsung is focused on delivering solutions that enable retailers to
succeed in an amplified economy and provide shoppers the kind of
experience they have come to expect in today’s mobile world,” said
Youngho Son, vice president of the Enterprise Business Team, Samsung
Electronics. “Mobile point of sale is an important part of this, and by
partnering with Verifone, we will be able to provide leading retailers a
secure, flexible and easy-to-integrate solution that leverages our
enterprise-ready Galaxy tablets.”
“Verifone Mobile solutions feature integrated mPOS terminals that enable
clients to use whichever consumer devices or operating systems they want
and accept all payment types, including EMV, NFC, beacons and more,”
said Mark Shockley, senior vice president of Mobile Solutions for
Verifone. “Samsung brings Android leadership, ruggedized tablet
expertise, and a leading variety of consumer devices, which are being
used more and more alongside their enterprise offerings in the retail
space. Leveraging the global presence and channels of Verifone and
Samsung will be a big benefit to larger retailers around the world.”
SUPPORT FOR VERIFONE’S SECURE COMMERCE ARCHITECTURE
This new offering will also support Verifone’s Secure
Commerce Architecture (SCA) solution, which eliminates the flow of
consumer payment data into the merchant’s integrated point of sale
(IPOS) system, and enables encrypted delivery of this data from the mPOS
terminal directly to the merchant’s processor. SCA removes the IPOS from
the scope of EMV certification, greatly reducing the burden for clients
and eliminating the potential for this data to be stolen at scale.
LEARN MORE ABOUT VERIFONE MOBILE AT THE NRF BIG SHOW
The Verifone Mobile suite of solutions includes a full line of mPOS
terminals, software and services that enables merchants of all sizes to
conduct commerce from anywhere. To learn more about these solutions, and
Verifone’s collaboration with Samsung, visit us at booth #3731.
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 mPOS solution with Samsung, market
acceptance of our product and services offerings, 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 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
About Samsung Enterprise
As a global leader in enterprise mobility and information technology,
Samsung provides a diverse portfolio of enterprise technologies
including smartphones, wearables, tablets, digital displays, hospitality
TVs, printers and medical diagnostic equipment. We are committed to
putting the business customer at the core of everything we do by
delivering comprehensive products, solutions and services across diverse
industries including retail, healthcare, hospitality, education and
government. Samsung Electronics America, Inc. (SEA) and the Enterprise
Business Division is committed to helping customers realize the promise
of a digital business. For more information, please visit samsung.com/business,
call 1-866-SAM-4BIZ or follow Samsung Business via Twitter:
@SamsungBizUSA.
Copyright Business Wire 2015