Showing posts with label VeriFone. Show all posts
Showing posts with label VeriFone. Show all posts

Monday, April 4, 2011

VeriFone and Hypercom Announce Agreement to Sell Hypercom’s U.S. Payment Systems Business

SAN JOSE, Calif. and SCOTTSDALE, Ariz.--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE:PAY), and Hypercom Corporation (NYSE:HYC) announced today that they have reached an agreement to sell the U.S. payment systems business of Hypercom to Ingenico S.A.
The transaction is expected to close immediately prior to completion of VeriFone’s acquisition of Hypercom, which is expected to occur in the second half of 2011, subject to certain closing conditions. The aggregate purchase price to be paid by Ingenico is $54 million in cash, subject to certain post-completion price adjustments. In 2010, the Hypercom U.S. business included in the agreement achieved revenues of approximately $61 million. Following the completion of the merger, VeriFone will retain Hypercom’s non-payment terminal Networking products operations in the U.S.
The sale is part of the contemplated divestiture previously announced by VeriFone in connection with its proposed acquisition of Hypercom. The agreement marks an important milestone in the path to the completion of Hypercom's merger transaction with VeriFone.
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.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products, software solutions and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, self-service and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is the second largest provider of electronic payment solutions and services in Western Europe and third largest provider globally.
Hypercom is a registered trademark of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.

Contacts

VeriFone Systems, Inc.
Investor Contact:
Doug Reed – Vice President, Treasurer and Investor Relations
408-232-7979
Email: ir@verifone.com
or
Editorial Contact:
VeriFone Media Relations
Pete Bartolik, 508-283-4112
Email: pete_bartolik@verifone.com

Enhanced by Zemanta

Wednesday, November 17, 2010

Verifone to Acquire Hypercom for $485 Million vs. $280 Million

VeriFone to Acquire Hypercom to Accelerate Global Expansion

Extends VeriFone’s Global Presence into Key Markets in Continental Europe
Transaction Expected to be Solidly Accretive to VeriFone
SAN JOSE, Calif. & PHOENIX--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE: PAY), a global leader in secure electronic payment solutions, and Hypercom Corporation (NYSE: HYC), the high security electronic payment and digital transactions solutions provider, today announced a definitive agreement under which VeriFone will acquire Hypercom in an all-stock transaction valued at approximately $485 million, including net debt assumed by VeriFone.
“Over the last three years, Hypercom has strengthened customer relationships and increased revenue from almost $290 million to approximately $450 million”
Under the terms of the transaction, which has been unanimously approved by the boards of directors of both companies, Hypercom shareholders will receive a fixed ratio of 0.23 shares of VeriFone common stock for each Hypercom share they own, valued at approximately $7.32 per share based on the closing price on November 16, 2010. VeriFone will also assume Hypercom’s outstanding warrants and stock options in the transaction.
“Consistent with our vision as a global leader in secure electronic payment solutions, we have placed strategic focus on replicating our North American success in key markets in continental Europe,” said VeriFone CEO Douglas G. Bergeron. “Hypercom has established itself in a number of important European markets, and this acquisition is an excellent and complementary way for us to accelerate our overseas growth, increase innovation and build value for our shareholders.”
“Over the last three years, Hypercom has strengthened customer relationships and increased revenue from almost $290 million to approximately $450 million,” said Philippe Tartavull, Chief Executive Officer and President of Hypercom. “Combined, Hypercom and VeriFone will create new growth opportunities and further drive penetration in the market. This transaction delivers a significant premium to our shareholders who should also benefit from the upside of being owners of an even stronger global company in the fast-growing electronic payment solutions space.”
The transaction is subject to approval by Hypercom shareholders and customary regulatory approvals, and is anticipated to close in the second half of 2011. The transaction is expected to be solidly accretive to current VeriFone shareholders during the first twelve months of combined operations, excluding one-time costs.
J.P. Morgan Securities LLC acted as VeriFone’s exclusive financial advisor and Sullivan & Cromwell LLP acted as VeriFone’s legal counsel. Hypercom’s exclusive financial advisor was UBS Securities and its legal advisor was DLA Piper US LLP.
Conference Call Information
VeriFone plans to conduct a conference call to discuss the announcement with its shareholders today, Wednesday November 17, at 6:00 AM Pacific. To access the live conference call, the dial-in numbers are as follows:
Domestic callers: 800-591-6930
International callers: +1-617-614-4908
Passcode: 49580271
To access the audio webcast, please go to VeriFone’s website (http://ir.verifone.com) at least ten minutes prior to the call to register. The recorded audio webcast will be available on VeriFone’s website until November 24, 2010.
A replay of the conference call, which can be accessed by dialing toll-free 888-286-8010 and outside the U.S. by dialing +1-617-801-6888, will be available until November 24, 2010. The access code for the replay is 18434899.
About VeriFone Systems, Inc. (www.verifone.com)
VeriFone (“VeriFone”) (NYSE: PAY) is a 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.
About Hypercom Corporation (www.hypercom.com)
Hypercom Corporation (NYSE: HYC) is a global payment technology provider that delivers a full suite of high security, end-to-end electronic payment products, software solutions and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, self-service and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. Hypercom is a founding member of the Secure POS Vendor Alliance (SPVA) and is a significant provider of electronic payment solutions and services in Western Europe and globally.
http://www.ePINDebit.com
http://www.iPINDebit.com
http://www.e-PINDebit.com
http://www.PINDebit.mobi
Enhanced by Zemanta

Elavon to Market VeriFone’s PAYware Mobile Solution for iPhoneTM

Image representing VeriFone Holdings as depict...Image via CrunchBase
ATLANTA & SAN JOSE, Calif.--(BUSINESS WIRE)--Elavon, a wholly-owned subsidiary of U.S. Bancorp (NYSE: USB) and leading global payments provider, will market and support VeriFone Systems, Inc.’s (NYSE: PAY) PAYware Mobile secure card payment system for iPhone™. The solution transforms the iPhone into a mobile payment device with a card encryption sleeve that allows merchants to capture data via card swipe, a more secure, cost effective method than manually entering data.
http://www.elavon.com“VeriFone’s PAYware Mobile is a simple, secure and convenient solution ideal for our small business customers”
PAYware Mobile will be marketed through Elavon’s established sales channels including bank relationships, telesales, third-party providers and associations. It extends the flexibility of accepting card payments wherever and whenever a merchant requires, and offers real-time reporting including extensive transaction search capabilities. The PAYware Mobile app is PCI compliant, and the card encryption sleeve is compatible with the iPhone 3G and 3GS.
“VeriFone’s PAYware Mobile is a simple, secure and convenient solution ideal for our small business customers,” said Mike Passilla, president and CEO of Elavon. “Technology is rapidly changing the payments landscape, and mobile applications are leading the evolution. The ability to deliver secure, innovative solutions is a cornerstone for driving customer satisfaction and generating new business among merchants that have yet to adopt payment technology.”
“Elavon’s agreement to support PAYware Mobile reflects growing industry excitement over the leading card payment solution for iPhone,” said Paul Rasori, VeriFone senior vice president of marketing. “Elavon’s sales force will significantly expand the marketing reach for this innovative system.”
PAYware Mobile incorporates a stylus for signature capture and a mini-USB port for charging the iPhone while the ergonomic card encryption sleeve is attached. PAYware Mobile incorporates VeriFone’s VeriShield Protect end-to-end encryption technology for secure card payments.
About Elavon (www.elavon.com): Elavon’s Global Acquiring Solutions organization is a part of U.S. Bancorp (NYSE: USB). Elavon provides end-to-end payment processing services to more than one million merchants in the United States, Europe, Canada, Mexico and Puerto Rico. Solutions include credit and debit card processing, electronic check services, gift cards, dynamic currency conversion, multi-currency support, and cross-border acquiring. Elavon’s services are marketed through multiple alliance partner channels including financial institutions, trade associations and ISOs. Elavon has solutions to meet the needs of merchants in specialized markets including small business, retail, hospitality/T&E, health care, education and the public sector.
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.

Contacts

Elavon Media Relations
Holly Lytle, 404-606-0129
holly.lytle@elavon.com
or
VeriFone Media Relations
Pete Bartolik, 508-283-4112
pete_bartolik@verifone.com
Permalink: http://www.businesswire.com/news/home/20101117005066/en/Elavon-Market-VeriFone%E2%80%99s-PAYware-Mobile-Solution-iPhoneTM

www.ePINDebit.com
www.iPINDebit.com
www.PINDebit.mobi
www.e-PINDebit.com
Enhanced by Zemanta

Monday, November 8, 2010

VeriFone to Report Fourth Quarter and Fiscal 2010 Results on December 2, 2010

Image representing VeriFone Holdings as depict...Image via CrunchBase
http://www.verifone.com

Earnings Call and Webcast after Close of Trading

SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Systems Inc. (NYSE: PAY) announced today that it will host a conference call to report its financial results for the fourth quarter and fiscal 2010, which will be released after the market closes on December 2, 2010.
The management of VeriFone will host the earnings call, which will be simultaneously webcast, on December 2, 2010, at 1:30 pm (PST). In addition to a discussion of VeriFone's fourth quarter and fiscal year results, management may also provide forward looking guidance on this call. To access the live conference call, the dial-in numbers are as follows:
         Domestic callers: 866-788-0547
International callers: +1-857-350-1685
Passcode: 46575084
To access the audio webcast, please go to VeriFone's website (http://ir.verifone.com) at least ten minutes prior to the call to register. The recorded audio webcast will be available on VeriFone's website until December 9, 2010.
A replay of the conference call, which can be accessed by dialing toll-free 888-286-8010, and outside the U.S. by dialing +1-617-801-6888, will be available until December 9, 2010. The access code for the replay is 55081474.
Additional Resources:
http://ir.verifone.com/
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.

Contacts

VeriFone
Investor Contact:
William Nettles , 408-232-7979
Vice President Corporate Development & IR
ir@verifone.com
or
VeriFone Media Relations
Editorial Contact:
Pete Bartolik, 508-283-4112
pete_bartolik@verifone.com
Permalink: http://www.businesswire.com/news/home/20101103006771/en/VeriFone-Report-Fourth-Quarter-Fiscal-2010-Results

Enhanced by Zemanta

Tuesday, October 26, 2010

VeriFone Extends Mobile Payments Acceptance with PayPal

Traditional Card Payments to Integrate with PayPal Mobile Payments

PayPal Mobile App to Work with VeriFone’s PAYware Mobile for iPhone
VeriFone’s App to Support Bump
SAN FRANCISCO--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE: PAY) today announced that it will expand PayPal payment acceptance in the mobile environment and further integrate the worlds of online and traditional card-based payments.
http://www.verifone.com“VeriFone is a proven leader in payments point of sale and we're excited to have them in the PayPal ecosystem”
During PayPal X Innovate 2010, the companies showcased the planned integration of PayPal payment with VeriFone’s PAYware Mobile card encryption sleeve for iPhone and announced:
  • PayPal’s merchant acceptance application will be enhanced to support traditional card-based payments using VeriFone’s PAYware Mobile card encryption
  • The PAYware Mobile App will be enhanced to support PayPal Bump technology that enables iPhone users to bump their phones together to transfer money between them
  • VeriFone will, upon integration, promote PayPal and Bump acceptance to its vast reseller channel
  • PayPal will market VeriFone’s PAYware Mobile to its user base
  • The planned integration by VeriFone will enhance its PAYware Connect payment gateway service to provide merchants with integrated transaction reports for PayPal and traditional card payments
“Rapid adoption of mobile payments makes it possible to further align PayPal payments with traditional card-based transactions at the physical point of sale,” said Jeff Dumbrell, VeriFone executive vice president.
“VeriFone is a proven leader in payments point of sale and we're excited to have them in the PayPal ecosystem,” said Osama Bedier, PayPal’s vice president of platform, mobile and new ventures. “Online and offline are quickly converging and, with this new business relationship, both merchants and consumers will benefit, upon integration, from the ability to use the mobile wallet anytime, anywhere.”
The integrated capabilities are expected to be available next year.
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.

Contacts

VeriFone
Pete Bartolik, 508-283-4112
pete_bartolik@verifone.com
Permalink: http://www.businesswire.com/news/home/20101026005862/en/VeriFone-Extends-Mobile-Payments-Acceptance-PayPal

Monday, June 28, 2010

TNS Helps Industry Strengthen Payment Transaction Security

http://www.tnsi.com
RESTON, Va.--(BUSINESS WIRE)--Transaction Network Services (NYSE:TNS) is playing an increasing role in helping acquirers and merchants protect sensitive cardholder information as payment transaction security continues to be a major issue for everyone involved in the industry.

“VeriShield Protect has been designed to help retailers secure their customer’s cardholder data where they are most vulnerable and we’re very pleased that, in conjunction with TNS, it is being deployed at even more stores across the US.”
The TNS suite of security solutions, which can help merchants and payment processors mitigate their compliance overheads, includes an end-to-end encryption service which is currently being deployed by at least one major retailer in the US.
In its more than 100 stores, this retailer has deployed the TNS Managed POS Encryption solution coupled with VeriShield Protect from VeriFone Systems, Inc. (NYSE: PAY) to eliminate the transmission of “clear” cardholder data within its payment network environment. This will protect its customers’ cardholder data from the point-of-sale terminal through to its payment processor, dramatically reducing risk exposure and simplifying the retailer’s ability to achieve PCI compliance.
John M. Perry, General Manager of the Americas for TNS’ Payments Division, said: “We are delighted that this tier one retailer is now using our Managed POS Encryption solution. End-to-end encryption is an important approach for retailers to consider as they are devising their overall security plans. Criminals are coming up with more creative ways to steal sensitive cardholder data and TNS’ end-to-end encryption service allows retailers to deploy the highest levels of security, right from the moment data is read from the customer’s card.
“Our unique approach to deploying the encryption technology will also allow retailers to reduce the scope of their overall compliance efforts, leading to significant cost and complexity savings. The TNS service manages the delivery of the payment transactions from the merchant to the processor, while ensuring efficient decryption en route, so retailers have limited up-front capital expense and do not need to commit ongoing personnel, management or maintenance resources to support it.”
VeriFone’s VeriShield Protect is deployed at the retailer’s POS devices and uses state of the art encryption technology to secure the information as the card is swiped. The TNS Managed POS Encryption solution transports encrypted transactions through to the TNS PCI DSS certified global backbone network. The solution then manages the decryption process, message formatting and secure delivery of the transaction to the retailer’s payment processor.
Jeff Dumbrell, VeriFone Executive Vice President, said: “Cardholder data breaches can easily result in costs in the millions of dollars, in addition to the damaging impact on a retailer’s reputation. Studies indicate that the vast majority of breaches are tied to cash register and other POS process vulnerabilities, but retailers cannot maintain constant vigilance over every access point and every place where data is stored or transported.
“VeriShield Protect has been designed to help retailers secure their customer’s cardholder data where they are most vulnerable and we’re very pleased that, in conjunction with TNS, it is being deployed at even more stores across the US.”
Multiple high capacity VeriShield Protect Decryption Gateways are located within geographically diverse TNS data centers, using dynamic alternate routing capabilities to ensure transactions are processed quickly and securely. A web based management portal is also available, providing near real-time updates on the delivery status of encrypted transactions.
For further information about TNS and VeriFone visit www.tnsi.com and www.verifone.com
About Transaction Network Services
Transaction Network Services (TNS) is a leading global provider of data communications and interoperability solutions.
TNS’ offers a broad range of networks and innovative value-added services which enables transactions and the exchange of information in diverse industries such as retail, banking, payment processing, telecommunications and the financial markets.
Founded in 1990 in the United States, TNS has grown steadily and now provides services in over 40 countries across the Americas, Europe and the Asia Pacific region, with our reach extending to many more. TNS has designed and implemented multiple data networks which support a variety of widely accepted communications protocols and are designed to be scalable and accessible by multiple methods.
For further information about TNS, visit www.tnsi.com‘One Connection, A World of Opportunities’


Enhanced by Zemanta

Tuesday, April 27, 2010

Secure POS Vendor Alliance Announces New Leadership



Secure POS Vendor Alliance Announces New Leadership On the Heels of Its One-Year Anniversary



Founding members VeriFone, Ingenico and Hypercom rotate appointed managing committee positions within rapidly-growing global payment security organization



ATLANTA – April 22, 2010 – The Secure POS Vendor Alliance (SPVA), a non-profit business organization founded by Hypercom (NYSE: HYC), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY) announced today that TK Cheung, vice president global quality & security, Hypercom, will assume the position of SPVA chairman of the board with Paul Rasori, senior vice president, global marketing, VeriFone, stepping in as vice chairman and CTO and Christophe Dolique, executive vice president, global marketing & transaction services, Ingenico, serving as secretary/treasurer. Bob Carr, CEO, Heartland Payment Systems, will continue to serve as associate member director, an elected position.
According to the SPVA’s bylaws, founding members share the three officer positions for six years and have certain veto rights, including areas such as amendment of bylaws and proposed spending and ratification of a proposed standard, guideline or best practices.
“I look forward to serving the SPVA as chairman during this critical period within the payments industry,” said TK Cheung, SPVA chairman. “With use of card-based payment options on the rise, it will be increasingly important to facilitate a common understanding and acceptance of security requirements and standards.”
Since the SPVA’s inception in April 2009, the organization has united industry experts and attracted almost 20 leading payment companies that seek to have a voice within the world of secure payments and help shape its future through vital Technical Working Groups through which SPVA members can contribute to acquire first-hand knowledge of current security threats. At least two white papers are scheduled to be released this year to help guide and define security solutions. The organization also recently announced its Lab Network, a group of labs that participate with SPVA members, prospective members and TWGs on security evaluations of the SPVA implementation guidelines.
Membership is open to all payment industry stakeholders. The SPVA encourages general membership among all vendors that develop secure POS payment systems, and associate membership among organizations who sell or utilize products or solutions that interact with secure POS payment devices: retailers, acquirers, software vendors, ECR vendors, banks and other standard setting associations.
To learn more about the SPVA and benefits of membership, visit www.spva.org.
###
About Secure POS Vendor Alliance (www.spva.org)

The Secure POS Vendor Alliance (SPVA) is a non-profit organization, founded by Hypercom (NYSE: HYC), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY), that works with the multiple stakeholders of the payment value chain. Its aim is to develop an end-to-end security framework and to enhance security elements of payment solutions which protect cardholder information and defend merchants and acquirers against security breaches, to help reduce fraud and lower risk for all electronic payment stakeholders.
Editorial Contacts:

Carol McEntee/Lindsay Durfee

SPVA

404.816.2037

678.640.7822 Mobile

cmcentee@cookerly.com

lindsay@cookerly.com


Reblog this post [with Zemanta]

Secure POS Vendor Alliance Announces New Leadership



Secure POS Vendor Alliance Announces New Leadership On the Heels of Its One-Year Anniversary



Founding members VeriFone, Ingenico and Hypercom rotate appointed managing committee positions within rapidly-growing global payment security organization



ATLANTA – April 22, 2010 – The Secure POS Vendor Alliance (SPVA), a non-profit business organization founded by Hypercom (NYSE: HYC), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY) announced today that TK Cheung, vice president global quality & security, Hypercom, will assume the position of SPVA chairman of the board with Paul Rasori, senior vice president, global marketing, VeriFone, stepping in as vice chairman and CTO and Christophe Dolique, executive vice president, global marketing & transaction services, Ingenico, serving as secretary/treasurer. Bob Carr, CEO, Heartland Payment Systems, will continue to serve as associate member director, an elected position.
According to the SPVA’s bylaws, founding members share the three officer positions for six years and have certain veto rights, including areas such as amendment of bylaws and proposed spending and ratification of a proposed standard, guideline or best practices.
“I look forward to serving the SPVA as chairman during this critical period within the payments industry,” said TK Cheung, SPVA chairman. “With use of card-based payment options on the rise, it will be increasingly important to facilitate a common understanding and acceptance of security requirements and standards.”
Since the SPVA’s inception in April 2009, the organization has united industry experts and attracted almost 20 leading payment companies that seek to have a voice within the world of secure payments and help shape its future through vital Technical Working Groups through which SPVA members can contribute to acquire first-hand knowledge of current security threats. At least two white papers are scheduled to be released this year to help guide and define security solutions. The organization also recently announced its Lab Network, a group of labs that participate with SPVA members, prospective members and TWGs on security evaluations of the SPVA implementation guidelines.
Membership is open to all payment industry stakeholders. The SPVA encourages general membership among all vendors that develop secure POS payment systems, and associate membership among organizations who sell or utilize products or solutions that interact with secure POS payment devices: retailers, acquirers, software vendors, ECR vendors, banks and other standard setting associations.
To learn more about the SPVA and benefits of membership, visit www.spva.org.
###
About Secure POS Vendor Alliance (www.spva.org)

The Secure POS Vendor Alliance (SPVA) is a non-profit organization, founded by Hypercom (NYSE: HYC), Ingenico S.A. (EURONEXT: ING) and VeriFone (NYSE: PAY), that works with the multiple stakeholders of the payment value chain. Its aim is to develop an end-to-end security framework and to enhance security elements of payment solutions which protect cardholder information and defend merchants and acquirers against security breaches, to help reduce fraud and lower risk for all electronic payment stakeholders.
Editorial Contacts:

Carol McEntee/Lindsay Durfee

SPVA

404.816.2037

678.640.7822 Mobile

cmcentee@cookerly.com

lindsay@cookerly.com


Reblog this post [with Zemanta]

Friday, April 16, 2010

RBS WorldPay and Verifone Target Mobile Merchants



RBS WorldPay and VeriFone Target Mobile Merchants with PAYware Mobile

 
LAS VEGASApril 15 /PRNewswire/ -- RBS WorldPay today announced during the Electronic Transactions Association (ETA) conference in Las Vegas, Nevada that it has been selected as a preferred provider of merchant accounts for buyers of VeriFone's PAYware Mobile card payment solution for the iPhone.
As the fastest growing leading provider of electronic payments in the United States, RBS WorldPay will market PAYware Mobile through its multiple channels, including its nationwide direct and ISO sales forces and via the web.
"VeriFone's PAYware Mobile provides businesses with simple and secure card processing capabilities using a terrific iPhone App," said Ian Drysdale, senior vice president of product and business development at RBS WorldPay. "This is a unique solution that particularly appeals to both micro-merchants and also to mobile merchants seeking increased functionality and simplicity."
"With multiple sales channels and proven expertise providing payment solutions, RBS WorldPay is well-positioned to market VeriFone's PAYware Mobile card encryption sleeve to both traditional and non-traditional merchants," said Paul Rasori, VeriFone senior vice president, marketing.
VeriFone's sleek and durable card reader slips over iPhone to accommodate card swipes and allow merchants to avoid high-cost "card-not-present" fees. It incorporates a stylus for signature capture and a mini-USB port for charging iPhone while the ergonomic reader is attached.
The PAYware Mobile card encryption sleeve incorporates VeriFone's end-to-end encryption technology, which encrypts each transaction from the time of card swipe until it reaches RBS WorldPay, and ensures secure payment processing. Users also gain access to the PAYware Connect gateway, a fully customizable and reliable gateway service that's ideal for small businesses.
About RBS WorldPay, Inc.
RBS WorldPay is a leading, single-source provider of electronic payment processing services – including credit, debit, EBT, checks, gift cards, e-commerce, customer loyalty cards, fleet cards, ATM processing and cash management services.
RBS WorldPay is the US-based payment processing division of the Royal Bank of Scotland Group plc.  For more information, please visit www.RBSWorldPay.us.   
About The Royal Bank of Scotland Group (RBS)
The RBS Group is a financial services company providing a range of retail and corporate banking, financial markets, consumer finance, insurance, and wealth management services.  The RBS Group operates in the Americas, Asia and theMiddle East serving more than 40 million customers.  For more information, please visit www.RBS.com.
About VeriFone Holdings, Inc.
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.















FOR MORE INFORMATION CONTACT:






Dawn M. Thompson
Pete Bartolik
RBS WorldPay, Inc.
VeriFone Media Relations
Phone:  678.587.1652
Phone:  508.283.4112
Fax:  678.587.2652


www.RBSWorldPay.us
www.VeriFone.com








SOURCE RBS WorldPay, Inc.
Back to top

Reblog this post [with Zemanta]

Disqus for ePayment News