NAB Partners with VeriFone for Payments Innovation
SAN JOSE, CA -
National Australia Bank (NAB) and VeriFone Systems, Inc. (NYSE: PAY) today announced a strategic partnership to provide Australian businesses with access to the latest in payments technology on Apple, Android and BlackBerry devices.
NAB is the leading business bank in Australia with the largest small and medium enterprise market share. VeriFone will be the sole provider of point of sale card acceptance solutions for NAB’s business customers.
David Gall, executive general manager, Working Capital Services, NAB said: “The partnership aligns with NAB’s strategy of working with global technology providers and allows us to bring the best of both worlds to our business customers – we maintain our focus on relationship banking, while providing our customers with access to world-class payments technology.”
VeriFone will provide stable, efficient and reliable technology for card acceptance and enhanced mobility to NAB’s 130,000 merchant customers. With VeriFone’s mobile payment solutions, merchants are able to use tablets or smart phones as payment acceptance devices that can be used anytime, anywhere. VeriFone’s secure payment network will also be used to roll out updates and enhancements as technology evolves, removing the need for additional infrastructure.
Zvi Mitlanski, senior vice president and general manager, VeriFone Asia Pacific, said: “VeriFone is pleased to provide innovative solutions that propel NAB’s presence further through the value chain, offering Australian businesses the mobility and flexibility to shape their day-to-day business operations without missing out on the importance of security and reliability in the payments system.”
VeriFone’s mobile and tablet payment solutions are compatible with Apple, Android and Blackberry smart devices, providing merchants with greater flexibility while reducing costs. Additionally, VeriFone’s open platform enables retailers to develop their own apps without bank certification, increasing the speed to market for retailers’ custom innovations.
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 rollout our payment solutions with National Australia Bank, 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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