The Top 500 apparel chain plans to expand its reserve online, pick up in store program, as well as its presence in China.
VeriFone Announces PAYMEDIA Solutions for Small to Medium-Sized Merchants
Transforms the Point-of-Sale into the Intelligent Checkout with Infrastructure, Systems and Services to Integrate Payment with New Media and Online Services
SAN DIEGO - May 10 – VeriFone Systems, Inc. (NYSE: PAY), today announced PAYMEDIA Solutions, a comprehensive, subscription-based offering that provides small to medium-sized merchants with payment solutions and access to payment-enabled media at the checkout counter, including the integration of online services such as digital couponing, loyalty, location-based social media and value-added services.
As a turnkey solution, PAYMEDIA represents an expansive portfolio of systems, infrastructure and services with which ISOs, acquirers and other resellers can equip merchants with a true "intelligent checkout" capability that integrates traditional payment with discounts, rewards and coupons. A monthly subscription-based pricing model eliminates upfront hardware costs and ensures compatibility with new capabilities and services as they become available.
PAYMEDIA builds on VeriFone’s PAYware Connect intelligent gateway services to integrate traditional payment authorization with non-traditional payment-enabled media and services that accommodate consumer mobile phones. VeriShield Total Protect, Secured by RSA, provides an end-to-end encryption and tokenization solution to alleviate PCI compliance issues.
"VeriFone created a complete payment-enabled digital media ecosystem that brings the full potential of online payment-oriented and social media services to the offline retail counter," said Paul Rasori, VeriFone senior vice president of marketing. "PAYMEDIA ensures merchants can meet the rapidly evolving needs of media-savvy consumers and take advantage of the latest systems, including NFC-capable payment acceptance, without risking upfront investments."
PAYMEDIA encompasses payment acceptance systems, intelligent gateway services, and managed services that include end-to-end security and automated software updates. It integrates traditional payment services such as credit and debit, with emerging alternative payments and online payment-enabled media and services. Additionally, ISOs and acquirers can take advantage of sophisticated online tools such as automatic compliance updates, on-demand terminal status reporting, and real-time merchant attrition alerts.
"Our reseller partners can provide complete integrated solutions that drive consumers into merchants’ stores and by enticing them with rapidly evolving value-added services," Rasori said. "With PAYMEDIA, resellers can transform their sales operations into a recurring revenue business model that fosters long-term services-oriented relationships with merchants."
VeriFone has established partnerships to bring the services of MocaPay and vPromos to the retail checkout through PAYMEDIA and will announce additional services throughout the year. PAYMEDIA will be available beginning in June through select resellers including the following:
* Bankcard USA
* Electronic Merchant Systems
* Franchise Payment Network
* Pivotal Payments
* U.S. Merchant Services
* U.S. Merchant Systems
* Vantage Card
* Veracity Payments
Additional Resources: paymedia.com/smb
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: the successful rollout of VeriFone PAYMEDIA and the anticipated scope of services to be included, 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.