TGI Fridays Extends Use of Verifone's Payment as a Service for 'Pay at the Table'

Verifone (NYSE: PAY) announced that TGI Fridays UK, the popular American-style restaurant chain, has completed a payment system upgrade for its restaurants after renewing its contract to continue using Verifone’s Payment as a Service, which bundles payment hardware, software, gateway and support services into a single integrated solution.

TGI Fridays Extends Use of Verifone's Payment as a Service for 'Pay at the Table.' (Photo: Business Wire)

FAST, SECURE ‘PAY AT TABLE’ SERVICE

More than 600 of Verifone’s NFC-capable VX 680 and VX 820 DUET payment devices have now been deployed at TGI Fridays UK’s 66 restaurants. These portable and countertop devices allow TGI Fridays UK to provide fast, easy-to-use and secure ‘pay at the table’ service, which is crucial at the busy bar and restaurant, where excellent guest service is a priority.

“We pride ourselves on giving guests the best experience possible, particularly when interacting with our team,” said Jeremy Dunderdale, Head of IT at TGI Fridays UK. “Verifone understands our business needs, and its NFC-capable terminals combined with Verifone’s all-in-one service package provides a secure solution that solves our payments challenges while enabling us to accept payments from guests right at the table.”

SUPPORTS NFC & FUTURE PAYMENT METHODS

The VX 680 and VX 820 DUET payment devices from Verifone are integrated with Verifone’s Payment as a Service solution for secure end-to-end transaction management. The devices are fully contactless/NFC-enabled for supporting new payment methods, such as Apple Pay, and others as they become available in the future. The solution also supports TGI Fridays UK gift card redemption.

PAYMENT AS A SERVICE

Verifone’s multi-channel Payment as a Service offering bundles hardware, software, gateways and support services into a single, integrated solution delivered through an infrastructure that is PCI-certified and pre-certified with major acquirers. The following is just a sample of the benefits Payment as a Service provides to merchants of all sizes and in all verticals:

• Secure payment acceptance across all sales channels
• “One stop” solution that removes payment complexity
• Reduced total cost of payment system ownership
• Seamless, secure payment acceptance and transaction management
• Client services, consulting and training, and help desk support

“We’re thrilled to continue partnering with TGI Fridays UK to deliver the payment simplicity, security and efficiency it needs,” said June Felix, president of Europe for Verifone. “By expanding its use of our Payment as a Service offering to include Verifone’s NFC-enabled terminals, TGI Fridays UK has enhanced and future-proofed its payment system, creating an even better experience for its staff and customers.”

ON DISPLAY AT RBTE 2015

To learn more about Verifone’s Payments as a Service and NFC-capable payment terminal solutions, visit Verifone (Stand 450) at RBTE 2015 (Retail Business Technology Expo).

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 payment solutions with TGI Friday, 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 (www.verifone.com)

Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting more than 25 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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