Verifone and ATIO Group Partner on Comprehensive Forecourt and mPOS Solution for Petroleum Retailers in Mexico
November 08 2016 - 8:00AM
Business Wire
Solution provides point-of-sale, forecourt
control and payment support to Mexico’s transforming energy
market
Verifone (NYSE: PAY), a world leader in payment and commerce
solutions, and ATIO Group, a leading provider of retail fuel
technology in Mexico and other Latin American markets, have
announced a partnership to provide integrated payments technology
to Mexico’s petroleum retailers. Mexico is the sixth largest
consumer of motor gasoline and diesel with more than 11,000 filling
stations across the country, and its energy market deregulation
allows foreign companies to import, own assets, and sell other fuel
brands.
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The agreement combines ATIO Control Gas POS and Verifone
Commander Site Controller to provide a certified solution for
at-the-pump and in-store payment acceptance, fueling operations,
and back office control. Using the powerful capabilities of the
Verifone e355, a flexible mobile payment device that is agnostic to
smartphone and tablet form factors and supports all major OS
options including Android, iOS and Windows, merchants can accept
payment from anywhere in their gas station and store. Consumers
will experience the convenience of paying for fuel and merchandise
with debit or credit cards, as well as barcodes on cards and
coupons.
“Deregulation of the Mexican energy market presents a unique
opportunity for retailers to provide new payment and
commerce-enabling options to their customers,” said Pablo Gualdi,
CEO, ATIO Group. “With Verifone solutions, our clients can accept
virtually all payment options plus deliver fast, convenient
transactions and better customer service. Our local knowledge and
leadership combined with Verifone’s 25-year experience in petro
payment solutions, offers a smart way for retailers to benefit from
the changing local marketplace.”
“Verifone’s Commander platform helps gas stations and
convenience stores in Mexico leverage our industry-leading payment,
loyalty and forecourt solutions, and enhance their business in the
same way they do in the U.S.,” said Dan Yienger, SVP and
General Manager of Petroleum for Verifone. “With our handheld,
long-lasting mPOS device, we are offering access to an advanced
technology solution that will drive remote payment acceptance of
all forms in a transforming environment. Our partnership with ATIO
Group sets a new standard for the advanced and innovative solutions
that are possible for local retailers.”
The Commander Site Controller is Verifone’s single site
management software platform that supports all petroleum and card
brands with payment technology. It incorporates the latest Conexxus
Mobile standard-based API to streamline fuels and convenience store
retailers’ ability to support mobile payment apps, while offering
loyalty schemes, improving business processes, reducing costs, and
increasing productivity. Commander serves as a local gateway that
interfaces with full-service attendant sites, and a combination of
full- and self-service sites.
Verifone and ATIO Group expect to begin deployment of the
combined solution in early 2017.
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 petro payment solutions in Mexico,
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 instore 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 | @verifone
About ATIO Group
ATIO Group is a set of companies dedicated to supply technology
products and services for fuel management and distribution. With 22
years in the Mexican market, is the absolute leader with +3300 gas
stations automated with ControlGAS®, and the 61 Mexican airports
with FuelGATE®, software for into-plane aviation fueling
operations. ATIO offers service coverage for Latin America with its
corporate headquarters in Mexico City, as well as its regional
offices in Miami and Buenos Aires, and a network of 20 authorized
distributors throughout the region.
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VerifoneDevika Goel, +1-470-435-1566Devika.goel@verifone.com
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