August 29, 2011 03:00 AM Eastern Daylight Time
Relationship of More than 20 Years Tightly Integrating Sales & Infrastructure
SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE: PAY), today announced that it has shipped its 500,000th payment systems to Swedish partner Point Transaction Systems with whom it has forged a strong sales and infrastructure relationship spanning more than 20 years. Point uses VeriFone systems and software at the overwhelming majority of its several hundred thousand merchants.
“Congratulations to the Point team on this milestone achievement. Customers of Point Transaction Systems know they are getting all the benefits of a local partner backed by the worldwide product scope and infrastructure expertise of VeriFone”
Point is VeriFone's representative in Scandinavia and the Baltics. As well, Point resells VeriFone systems and software in England through its subsidiary, Commidea.
“Congratulations to the Point team on this milestone achievement. Customers of Point Transaction Systems know they are getting all the benefits of a local partner backed by the worldwide product scope and infrastructure expertise of VeriFone,” said Douglas G. Bergeron, CEO of VeriFone.
“We’re delighted that together we have developed a tremendous working partnership upon which so many Northern European customers are reliant. VeriFone provides critical functionality in the areas of operating systems, EMV chip and Pin, and security for Point's VeriFone end-users. VeriFone also delivers the ongoing updates required by Point’s merchant base to stay compliant with increasingly demanding European payment and security regulations," Bergeron added.
Point was founded in Norway in 1987, with Sweden as its first market. With a workforce of more than 700 employees across the Group, Point is able to call upon the worldwide resources of VeriFone to meet virtually any customer need for payment products and services.
About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, 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.
