ETA TRANSACT ’16 (Verifone Booth #620)
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160419005734/en/
Verifone provides simple software update
to ensure merchants can use all of its MX Series payment devices to
accept Samsung Pay from consumers. (Photo: Business Wire)
Verifone (NYSE: PAY), a world leader in payments and commerce
solutions, and Samsung Electronics Co., Ltd have teamed up to
accelerate merchant adoption of Samsung Pay. As the most widely
accepted mobile payment system in the U.S., Samsung Pay (Samsung
Pay Booth #605) works almost anywhere users can swipe or tap a
card.
“As we enable innovators like Samsung to create amazing
experiences leveraging our products, we want to make sure that any
form of payment consumers want to use can be accepted,” said Vin
D’Agostino, executive vice president of Verifone Services.
“Verifone’s partnership with Samsung allows both companies to help
merchants and consumers to more quickly embrace the future of
payments and commerce that stands to reinvent the in-store shopping
experience.”
“Many merchants are surprised and delighted to see their
existing Verifone terminals already working with Samsung Pay,” said
Will Graylin, Global Co-GM of Samsung Pay. “This partnership shows
that Verifone and Samsung are committed to bringing better commerce
experiences to the point of sale for merchants and consumers; and a
fast path to acceptance is the first step in the journey.”
Samsung Pay uses Near-Field Communication (NFC), as well as its
proprietary technology - Magnetic Secure Transmission (MST) - to
deliver secure tokenized transactions for terminals that have EMV
and NFC capabilities, as well as existing terminals that only
accept magnetic stripe (or “swipe”) payments.
Samsung Pay is:
- SIMPLE: To make a payment on Samsung
Pay, users can simply swipe up, scan their fingerprint and
pay.
- SAFE: Samsung Pay uses tokenization,
Samsung KNOX, and fingerprint authentication to provide secure
payments. And, as terminals are upgraded to EMV, that security is
leveraged, too.
- ALMOST ANYWHERE: Samsung Pay is
compatible with the majority of new and existing terminals,
including most magnetic stripe, EMV and NFC devices. **That means
Samsung Pay works at more places than any other mobile payment
service.
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 Samsung Pay on Verifone MX series of
payment terminals, 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
About Samsung Pay
Samsung Pay, a mobile payment service from Samsung Electronics,
is simple, safe and available almost anywhere you can swipe or tap
your card. Combining NFC with Samsung’s proprietary MST
technologies, Samsung Pay provides consumers a way to pay almost
anywhere you can swipe or tap a card at millions of merchant
locations. Samsung continues to strategically expand its
partnership ecosystem for Samsung Pay to provide greater
flexibility, access, and choice for customers while enabling an
easy and safe payment experience.
*Samsung Pay is compatible with select cards, Samsung devices,
and leading wireless providers. Visit www.samsung.com/pay to learn
more.
About Samsung Electronics America, Inc.
Headquartered in Ridgefield Park, NJ, Samsung Electronics
America, Inc. (SEA), is a recognized innovation leader in consumer
electronics design and technology. A wholly owned subsidiary
of Samsung Electronics Co., Ltd., SEA delivers a broad range of
digital consumer electronics, IT and home appliance products.
Samsung is the market leader for HDTVs in the U.S. and one of
America’s fastest growing home appliance brands. To discover more
of the award-winning products you love with Samsung, please visit
www.samsung.com.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. inspires the world and shapes the
future with transformative ideas and technologies that redefine the
worlds of TVs, smartphones, wearable devices, tablets, cameras,
digital appliances, printers, medical equipment, network systems,
and semiconductor and LED solutions. We are also leading in the
Internet of Things space with the open platform SmartThings, our
broad range of smart devices, and through proactive cross-industry
collaboration. We employ 319,000 people across 84 countries with
annual sales of US $196 billion. To discover more, and for the
latest news, feature articles and press material, please visit the
Samsung Newsroom at news.samsung.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160419005734/en/
VerifoneAlex Shorter, 770-754-3608Alex.shorter@verifone.com
Paymentus (NYSE:PAY)
Historical Stock Chart
From Apr 2024 to May 2024
Paymentus (NYSE:PAY)
Historical Stock Chart
From May 2023 to May 2024