Atlanta & San Jose, Calif. -- First Data, a global technology and payments processing leader, and VeriFone Holdings, Inc. (NYSE: PAY), a global provider of secure payment solutions, today announced a strategic partnership to promote and enhance secure payment solutions.
Under the relationship, First Data has become a preferred distributor and reseller of VeriFone secure countertop payment solutions in the United States, through its TASQ Technology subsidiary. TASQ Technology is a market leader in delivering value-added repair, maintenance and deployment services for payment devices to merchants of all sizes.
VeriFone will design, build and manufacture new, high-volume co-branded countertop payment systems that will expand the First Data award-winning line of payment solutions. Together the companies will explore other opportunities including non-US reseller and distribution relationships, EMV countertop solutions, and Class A certification of other VeriFone devices.
"We are pleased that two leaders of the payment industry are working together to better serve the merchant community," said Ed Labry, president of Retail and Alliance Services at First Data.
"First Data's confidence in VeriFone is a tremendous honor and we will work diligently to continue to validate that trust," said Douglas Bergeron, CEO of VeriFone.
About First Data
First Data powers the global economy by making it easy, fast and secure for people and businesses to buy goods and services using virtually any form of electronic payment. Whether the choice of payment is a gift card, a credit or debit card or a check, First Data securely processes the transaction and harnesses the power of the data to deliver intelligence and insight for millions of merchant locations and thousands of card issuers in 36 countries. For more information, visit www.firstdata.com .
About VeriFone Holdings, Inc. (www.verifone.com )
VeriFone Holdings, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
Source: Company press release.
