Verifone & Eigen Payments Partner to Enable Integrated Pay-at-the-Table Solution at The Keg Steakhouse + Bar Locations in Nor...
May 11 2017 - 8:00AM
Business Wire
In today’s EMV world, full-service restaurants are looking to
technology to improve the customer experience while complying with
complex security standards. To help one restaurant chain meet these
challenges, Verifone (NYSE: PAY), a world leader in payments and
commerce solutions, and Eigen Development Ltd., a leading provider
of PCI-validated point-to-point encryption (P2PE) managed payment
solutions, have partnered to enable The Keg Steakhouse + Bar to
offer secure pay-at-the-table service.
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Verifone and Eigen Payments Partner to
Enable Integrated Pay-at-the-Table Solution (Photo: Business
Wire)
Creating best-in-class payment experiences for the hospitality
industry, Verifone is supporting Eigen with the VX 690 payment
terminal, software development kit, and the developer environment
needed for the managed payment solution provider to offer a
complete EMV and P2PE solution. This integration enables
restaurants to provide their customers with three levels of
security through the card, the payment terminal, and the encrypted
data in the network, in every transaction.
“For more than 20 years, Verifone has been a valued partner in
providing secure payment solutions and today, the partnership
includes pay-at-the-table service for our restaurant customers
across North America,” said Rob Coulthard, General Manager, Eigen.
“While the overall EMV migration is in progress, the U.S. market is
in its early stages for pay-at-the-table, and we see tremendous
growth opportunities for this solution in the hospitality
vertical.”
“At all of our North American restaurant locations, we are
constantly striving to enhance our guest experience,” said Ron
Varley, Vice President of IT, The Keg. “Pay-at-the-table enables
our servers to complete the bill transaction directly with our
guests in an efficient manner, leading to better service. The
addition of a PCI-listed P2PE solution with EMV, ensures credit
card data is secure, makes PCI compliance easier, and reduces
chargebacks.“
“Pay-at-the-table also improves and speeds up customer service
by dramatically reducing a server’s trip to the POS to close a
transaction,” said Joe Mach, President of North America. “With
Eigen as our partner, Verifone offers our restaurant clients and
their patrons a checkout experience that is fast, convenient, and
more secure.”
Visit Verifone at booth #510 and talk to us about all our smart
solutions for restaurants. We’ll be at TRANSACT 17 in Las Vegas
with demos of the newest Verifone products and other next
generation payment solutions, May 10-12, 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 roll out of our Vx 690 pay-at-the-table 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 Eigen Development
Eigen has been providing premier integrated payment solutions to
North American merchants for over 25 years. Eigen’s suite of
managed payment solutions work seamlessly with leading retail,
restaurant and hospitality Point of Sale (POS) systems, offering
features such as P2PE, contactless NFC (Apple Pay, Samsung Pay) and
Pay at the Table (PATT), with support for EMV, tokenization, Gift
Card, E-commerce and online ordering. Our Complete Payments
Management approach results in secure, reliable and fast payment
transactions.
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 35-year history
of uncompromised security with approximately 30 million devices and
terminals deployed worldwide. Our people are 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/20170511005333/en/
VerifoneKwiyoung Baumgarten,
770-754-3460Kwiyoung.Baumgarten@verifone.comorEigen Development
Ltd.Amy Chou, 604-736-1066Amy.Chou@eigendev.com
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