VeriFone Acquires Australian Services Organization
VeriFone Holdings, Inc. (NYSE: PAY) today announced that it has acquired the EFTPOS services business of Peripheral Computer Industries (PCI) to enhance its ability to provide acquirer banks and other organizations with one-stop electronic payments products and services.
Local acquirers are increasingly reliant on partners to add value to their product offerings through expanded solutions and managed service offerings while at the same time reducing their cost of ownership. With an expanded services organization, VeriFone Australia now has the ability to provide one-stop shopping with a complete array of APCA-certified products, software solutions and an integrated services capability.
APCA—Australian Payments Clearing Association—has defined standards for design, security and functionality in line with global standards. VeriFone has developed a broad portfolio of powerful system solutions and peripherals that have received APCA certification.
“PCI has built up one of the largest EFTPOS service companies in Australia, with a superior service infrastructure, strong customer relationship management skills and a large help desk organization,” said William C. Nichols, senior vice president, VeriFone Asia Pacific. “With the continuing growth in electronic payments and the industry’s need to comply with global security standards such as PCI, EMV and local APCA mandates, these resources will further enhance VeriFone’s ability to provide a full complement of integrated point-of-sale payment solutions and services.
“With this acquisition VeriFone will provide a variety of value added services to our customers not only in Australia and New Zealand but across the South East Asia market,” Nichols said. “Our Melbourne-based Helpdesk is capable of providing 7x24 coverage. VeriFone is the only company to offer key injection, repairs, installation and maintenance and software development in both Sydney and Melbourne to service local customers.”
The PCI acquisition will also provide a launch pad for VeriFone’s expanded product portfolio of unattended, petro and retail solutions, which have seen considerable success around the globe.
Australia is one of the largest EFTPOS markets in Asia, with an installed base of over 500,000 payment systems. VeriFone markets and supports secure technology that enables electronic payment transactions and value-added services at the point of sale throughout Asia and the Pacific Rim region. The company delivers advanced payment solutions based on leading-edge IP technologies such as Ethernet, Wi-Fi, CDMA and GPRS.
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.
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