Verifone Introduces Advanced Commerce Capabilities & Fast Checkout in the Palm of Your Hand - Hello Experience!
October 24 2016 - 10:00AM
Business Wire
Verifone V400m is the World’s Smallest,
Full-Functioning, Portable Payment Device that will Empower
Merchants with Meaningful Consumer Interactions
Verifone (NYSE: PAY), a world leader in payment and commerce
solutions, reimagines what can be delivered through the
point-of-sale (POS) with the Verifone V400m, a surprisingly
compact, fast and stylish payment device that’s intuitive,
connected, and commerce-enabled, bringing experiences to the
customer wherever they are.
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Verifone V400m, part of the Verifone
Engage family is the world’s smallest, fully functioning, portable
payment device (Photo: Business Wire)
A part of the fully-integrated, Linux-based Verifone Engage
family, the V400m is a result of the strategy at Verifone to offer
new value at the POS by increasing loyalty and revenue
opportunities for merchants and improving the consumer experience
with real-time personalization wherever transactions are taking
place. Whether it’s pay-at-the-table, curbside, or line-busting,
its portability makes it an ideal solution for a variety of
business scenarios.
“The payment industry continues to change at a rapid pace as
advanced technology is adopted by merchants and consumers alike,”
said Glen Robson, EVP, Global Head of Verifone Solutions. “As we
continue to introduce next-gen products and services, software
application delivery plays a leading role in driving an entirely
new set of possibilities for consumer and merchant interactions.
We’re saying ‘Hello Experience!’ to new shopping scenarios that
bridge the gap between online and offline, increase the consumer
fan-base and foot-traffic, and bring welcomed revenue opportunities
to merchants.”
Offering flexibility and speeds up to three times faster than
its counterparts, the V400m is fully connected to allow for more
transactions from more locations. Its memory supports rich
multimedia and applications while its efficient battery allows for
longer use. The robust design offers durability while advanced
multi-layered security is best-in-class.
“As payments move to the point of customer interaction,
portability will be an essential ingredient to a retailer’s POS
solution,” said Thad Peterson, Senior Analyst, Payments, Aite
Group. “A fully functional POS device about the size of a
smartphone will increase associate acceptance and accelerate mobile
POS adoption. Verifone’s V400m is a testament to the company’s
outstanding engineering that successfully harnessed this type of
power and performance in such a compact form factor…and it fits
perfectly in your pocket!”
Empowering acquirers, merchants and service providers with
unique commerce opportunities through our open and flexible
architecture, the Verifone Engage family offers the best of
physical, mobile and online consumer interactions helping
businesses drive meaningful relationships with real-time
personalization.
Verifone devices across the globe process approximately 5.4
billion transactions per year. With more than 10 years of
experience designing and manufacturing more than two million secure
Linux-based devices installed worldwide, Verifone has a proven
track-record for the technological excellence required to create
the most robust, fully-integrated payment ecosystem available in
the global payment industry.
“Hello Experience” is our theme at Money20/20 Booth #2414. Drop
by for the full experience of the V400m and other Verifone products
and services. And for more information on the Verifone Engage line
or any Verifone product, please visit www.Verifone.com.
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 Verifone Engage V400m solution,
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 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.
About Verifone
Verifone is transforming everyday transactions into
opportunities for connected commerce. We’re connecting 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 with approximately 29 million devices and
terminals deployed worldwide. Our people are known as trusted
experts that 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.
Verifone.com | (NYSE: PAY) | @Verifone
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version on businesswire.com: http://www.businesswire.com/news/home/20161024005406/en/
VerifoneKwiyoung Baumgarten,
770-754-3460Kwiyoung.baumgarten@verifone.com
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