Retail Payment to Introduce Customer-Friendly, Efficient and Low-Cost Payment Platform in Norway
25 October 2016 - 5:44PM
Business Wire
Retail Payment, a Norway-based payment acceptance platform
provider owned by leading Norwegian retailers, announces the
introduction of an open omni-channel platform making payments
customer-friendly, secure and cost efficient.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20161024006645/en/
Retail Payment will collaborate with partners such as Verifone,
Intel, IBM and Forgerock to manage the defacto standard
infrastructure for future payments. Retail Payment and Verifone
will collaborate to deliver the latest Verifone Engage and Carbon
series solutions to the Norwegian market, connected to the Verifone
Commerce Platform. Norway is one of the world’s most sophisticated
commerce markets, and Retail Payment and Verifone will deliver a
scalable platform that offers open standards and APIs securing
payments as well as identification for customer loyalty programs,
in a cost efficient and seamless manner.
Retail Payment’s team of owners and customers already handle the
large majority of the transactions in the Norwegian market. To
ensure customer-friendly and efficient payments in store, the
payment infrastructure will build on the existing low-cost and
secure Norwegian BankAxept payment network, enabling the use of
contactless cards and mobile payment solutions.
“Norway is already recognized for having the world’s most
efficient payment system and the highest number of card
transactions per capita. Building on this, the Retail Payment
platform will offer customer-friendly, secure and unified payment
solutions in all stores”, says Hans Petter Hoel, CEO of Retail
Payment.
“Having partnered with leading technology providers such as
Verifone, we can easily scale cross-border solutions that offer
superior design and engagement capabilities, as well as the
flexibility to meet a merchant’s needs across countertop, mobile
portable and iPOS use cases. This will not only result in better
in-store customer experiences, but also increase the efficiency of
many countries’ payment systems – a competitive advantage for the
business sector”, Hoel adds.
“Verifone is excited to partner with Retail Payment to provide a
secure and flexible platform for payments and value added services.
We will deliver a broad array of solutions with payment
applications using our Commerce Platform to make both the merchant
and consumer experience simpler and more engaging, without
compromising security”, says Per Kristian Nauste, Vice President
and General Manager, Verifone Nordic and Baltic Region.
The solution developed by Retail Payment was demonstrated at the
Intel Event at Money2020 in Las Vegas.
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 solutions with Retail
Payments, 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 Retail Payment
Retail Payment is a Norway-based payment acceptance platform
provider, introducing an open omni-channel platform making payments
customer-friendly, secure and cost efficient. The company is owned
by Coop Norge and NorgesGruppen, two of the largest retailers in
the Nordics. The team of merchant customer also include leading
Nordic retailers such as REMA 1000, Reitan Convenience, Umoe
Restaurant Group, Moods of Norway and Varner. In total, the team
handle the large majority of the card transactions in the Norwegian
market.
www.retailpayment.no
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
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161024006645/en/
VerifoneKwiyoung Baumgarten,
404-754-3460Kwiyoung.baumgarten@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