Verifone Supports Launch of New Store Rewards Offering within Apple Pay
June 10 2015 - 10:12AM
Business Wire
Verifone MX Terminals will be Among First to
Accept Contactless Loyalty Transactions
Merchants and Consumers to Enjoy Convenience of
Loyalty Programs via Apple Pay
Announced during the Apple Worldwide Developers Conference,
Apple Pay™ will support rewards programs from merchants with the
fall availability of iOS 9. Verifone (NYSE: PAY), the global leader
in secure electronic payment solutions, will be among the first to
enable clients to accept rewards and loyalty information in
addition to NFC payments at the terminal via Apple Pay.
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Verifone supports launch of new store
rewards offering within Apple Pay (Photo: Business Wire)
To start, Verifone will enable six national and global retailers
to be the first to accept NFC loyalty transactions on Verifone’s MX
915 and MX 925 terminals for their consumers to redeem rewards and
accrue points.
“Adding loyalty to Apple Pay will open a world of opportunity
for a wide range of merchants to engage consumers and grow their
businesses,” said Vin D’Agostino, executive vice president of
Commerce Enablement, Verifone. “We are proud to support Apple Pay
in expanding contactless payments to include loyalty. This is a
powerful reminder of Verifone’s expertise and expansive client
relationships, as we continue to simplify payments and enhance
customer engagement opportunities for our merchants.”
For consumers, this partnership will add another level of ease
and convenience to both pay with Apple Pay and present merchant
loyalty information stored in the Wallet app in iOS 9, eliminating
the need to scan a plastic loyalty card.
Verifone MX 900 Series
The MX 900 series’ ability to enhance the customer experience at
the POS, while supporting all types of payments, has made it
exceptionally popular among well-known merchants and retailers in
North America. The MX 900 series features stunning digital color
displays, high-speed graphic processors and large memory capacities
that enable retailers to deliver targeted promotional content to
consumers at the point of sale (POS).
Secure Payments with Apple Pay and Verifone
Security and privacy is at the core of both
Apple Pay and Verifone. When you add a credit or debit card to
Apple Pay, the actual card numbers are not stored on the device, or
on Apple servers. Instead, a unique device account number is
assigned, encrypted and securely stored in the secure element on
your device. Each transaction is authorized with a one-time
unique dynamic security code, instead of using the security code
from the back of your card.
For merchants, Verifone’s Secure Commerce Architecture (SCA)
brings an important layer of security designed to protect merchants
from data breaches by routing payment data directly from the
terminal to the processor and bypassing the POS system. Connected
terminals such as SCA will be able to add and process loyalty
information used with Apple Pay.
For more information about Verifone and Apple Pay, visit:
http://www.verifone.com/apple-pay.
For more information on Apple Pay,
visit: http://www.apple.com/apple-pay/.
About Verifone
Verifone is transforming everyday transactions into
opportunities for connected commerce. We’re connecting more than
27-million payment devices to the cloud—merging the online and
in-store shopping experience and creating the next generation of
digital engagement between merchants and consumers. We are built on
a 30-year history of uncompromised security. Our people are known
as trusted experts who work with our clients and partners, helping
to solve their most complex payments challenges. We have clients
and partners in more than 150 countries, including the world’s
best-known retail brands, financial institutions and payment
providers.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 for Verifone Systems, Inc. This press release
includes certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations or
beliefs and on currently available competitive, financial and
economic data 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., including many
factors beyond our control. These risks and uncertainties include,
but are not limited to, those associated with: successful rollout
of our payment solution to support Apple Pay 2.0, market acceptance
of our product and services offerings, execution of our strategic
plan and business initiatives and whether the expected benefits of
our plan and initiatives are achieved, short product cycles and
rapidly changing technologies, our ability to maintain a
competitive leadership position with respect to our payment
solution offerings, our assumptions, judgments and estimates
regarding the impact on our business of the continued uncertainty
in the global economic environment and financial markets, our
ability to successfully integrate acquired businesses into our
business and operations, our ability to protect against fraud, the
status of our relationship with and condition of third parties such
as our contract manufacturers, distributors and key suppliers upon
whom we rely in the conduct of our business, our dependence on a
limited number of customers, the conduct of our business and
operations internationally, our ability to effectively hedge our
exposure to foreign currency exchange rate fluctuations, and our
dependence on a limited number of key employees. For a further list
and description of the risks and uncertainties affecting the
operations of our business, 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. The forward-looking statements
speak only as of the date such statements are made. 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.
Verifone.com | (NYSE: PAY) | @verifone
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version on businesswire.com: http://www.businesswire.com/news/home/20150610005969/en/
Verifone Media RelationsKwiyoung Baumgarten,
770-754-3460kwiyoung.baumgarten@verifone.com
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