Vesca to be First Out in Japan with Verifone Engage Offering Enhanced Payment Services and Solutions to Merchants
November 13 2016 - 9:00PM
Business Wire
Partnership brings together best-of-breed
solutions for merchants to create rich consumer interaction at the
point-of-sale
Verifone (NYSE: PAY), a world leader in payments and commerce
solutions, has partnered with Vesca, a leader in providing payment
and marketing solutions as a service in Japan, to offer enhanced
and secure payment services and solutions to merchants in the
country. The partnership will bring together the technology
portfolio and geographic strengths of the two companies, to enable
financial institutions, retailers and various industry verticals to
benefit from innovative payment solutions.
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While a cash-based economy in which cards and other forms of
payment amount to comparatively little volume, the local EMV
liability shift deadline and the Olympic Games Tokyo coincide in
2020 giving Japanese merchants the opportunity to install the
capability to accept multiple payment forms. To bring enhanced
world payment standards to Japan, Vesca will offer the Verifone
Engage V200c countertop and P400 PIN pad to provide increased speed
and security, and an interactive user interface. These devices meet
Japan’s EMV requirements and enable merchants to personalize the
customer shopping experience with targeted offers and loyalty
programs for additional revenue streams at the point of sale
(POS).
“What matters most to Japanese merchants today is business
growth and consumer loyalty,” said Thad Peterson, senior analyst at
Aite Group. “Nations around the world are progressing towards
becoming cashless economies, and it has become imperative for them
to adopt the latest in technology that can best support this change
and help businesses become more efficient. As Japan prepares for
some major changes in the near years, Verifone, with its engaging
payment solutions and value-added applications, is well suited to
meet the needs of businesses across sectors and the country at
large.”
“This partnership will bring end-to-end advanced payment
services and solutions for Japanese merchants as well as in-depth
market expertise,” said Mr. Makoto Yoshida, chief executive officer
of Vesca. “Furthermore, we plan to create unique segment-specific
features by collaborating with our extended ecosystem of clients
and partners.”
Vesca will introduce the new Verifone solution which will
include end-to-end payment services such as estate management,
payment gateway and merchant consoles. With commerce-enabled
devices from the Verifone Engage family, merchants in Japan will
have the flexibility to accept Sony FeliCa™, the local contactless
smartcard payment option, and a wide range of internationally
accepted payment methods including card, payment apps and
wallets.
“With Vesca as our strategic partner, we are offering Japanese
merchants, particularly in dominant sectors such as retail, food
and hospitality, access to the best technology solutions and
services available,” said Steve Aliferis, president of Verifone
Asia Pacific. “We are aligned on the goal to continue to spur the
growth of new payment and commerce solutions that will enhance
opportunities for merchants and experiences for consumers as Japan
incorporates more cashless options.”
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 in Japan,
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 Vesca
Vesca is the leading provider of payment and ID marketing
solutions as a service. Vesca provides the secure and flexible
payment management platform partnering with innovative companies
worldwide, located in Tokyo, Japan.
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 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.
Verifone.com | (NYSE: PAY) | @verifone
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version on businesswire.com: http://www.businesswire.com/news/home/20161113005012/en/
FleishmanHillard Tokyo Contact:Yufuko Toyoda,
03-6204-4340
(+81-3-6204-4340)yufuko.toyoda@fleishman.comorVerifone
Contact:Kwiyoung Baumgarten,
770-754-3460kwiyoung.baumgarten.@verifone.com
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