VeriFone Announces Direct Sales and Service Strategy in Continental Europe
Products, Service, Support and Value-Added Solutions Now Available Directly from VeriFone in Germany, Italy, France, Spain, Austria and Switzerland
SAN JOSE CA – VeriFone Systems, Inc. (NYSE: PAY) today announced a new direct distribution relationship for retailers, acquirers and processors in Germany, Italy, France, Spain, Austria and Switzerland. These organizations will now be able to obtain products, services, support and value-added solutions directly from VeriFone.
The new strategy paves the way for ready access to multiple new and upcoming products and service offerings available directly from VeriFone. Previously, retailers in these countries were limited to the portfolios that local distributors chose to sell and support. Going forward retailers will benefit from a direct sales and support relationship with VeriFone.
“Retailers, acquirers and processors in these countries need access to broader product and services solutions that meet the needs of their customers,” said Jeffrey Dumbrell, VeriFone executive vice president, International. “VeriFone will continue to partner with Point International in Scandinavia and the Baltics, CCV in Benelux, Printec Group and Melon in the Balkans and Inpas in Russia as resellers of VeriFone systems and technology in those regions.”
With its recent acquisition of Hypercom, VeriFone now fields a workforce of more than 500 direct sales, support and engineering personnel on the ground in these countries.
This new strategy covering continental Europe will enable VeriFone to more broadly deliver advanced payment solutions, including:
• VeriFone VX Evolution systems, consumer facing MX systems, Secure PumpPAY and emerging mobile and tablet based systems
• Integrated e-commerce processing and payment page services
• VeriShield Total Protect, Secured by RSA -- VeriFone’s complete encryption and tokenization solution for payment security
• Complete, end-to-end management of merchant POS systems and applications, including remote terminal management, field service and repair, payment system financing, rental operations and billing
• VeriFone PAYMEDIA Network - delivering and integrating powerful value-added solutions to VeriFone systems users, such as NFC-enabled payments and applications, white label loyalty and gift card processing
• Delivery of digital content including coupons, offers and payment-enabled media to consumers
• VeriFone PAYware Link software - providing seamless integration of EMV payments and value added applications with integrated POS systems and electronic cash registers (ECRs)
VeriFone offers a wide range of options for Europe’s most demanding retail environments, incorporating NFC, EMV, and mobile payment technologies, and global scale to respond quickly to new market demands. The introduction of a direct sales model across continental Europe, now feasible with the recent Hypercom acquisition, is expected to accelerate adoption of exciting and new VeriFone systems and services. VeriFone is in discussions with current resellers in Germany, Italy, Spain, France, Austria and Switzerland regarding ongoing support of existing merchants and the transition to direct VeriFone sales and services.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.
This press release includes certain forward-looking statements related to VeriFone Systems, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on VeriFone management’s current expectations or beliefs 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. These risks and uncertainties include: our ability to successfully provide products and services directly to end customers in Continental Europe, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, 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. 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 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.
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