MONEY20/20 EUROPE -- With the goal to offer passengers
seamless, secure, and convenient payment acceptance at shared
check-in desks, kiosks, and baggage areas in airports, Verifone
(NYSE: PAY), a world leader in payments and commerce solutions,
announced that it is working with SITA, the world's leading air
transport IT and communications specialist, to offer a unique
payment solution integrating an airport’s shared IT infrastructure
and Verifone payment devices.
Almost every airport and airline in the world does business with
SITA and nearly every passenger flight relies on SITA
technology. It has an unrivalled presence at more than 1,000 of the
world's airports. Verifone has integrated with SITA’s
AirportConnect Common-Use Payment Service to enable highly
secure payment acceptance by multiple airlines and ground handlers
on a single Verifone device installed at each touchpoint – desk,
kiosk or bag drop.
Verifone’s point-to-point encryption (P2PE) technology, with EMV
and PCI-compliant chip card payment solutions, applications and
processes, will allow multiple merchants to accept payments on the
same device. With this service, Verifone VX 820, a countertop and
PIN pad, and UX, a durable unattended payment solution line with
PIN pad and contactless capabilities, will accept payments at
airports worldwide that use SITA’s common-use passenger processing
infrastructure.
Barbara Dalibard, CEO, SITA, said, “For airlines, the ability to
facilitate payments on shared IT infrastructure at the world’s
airports is vital to provide passengers with an integrated air
travel experience every step of the way. Our work with Verifone, to
deliver this innovative payment solution, allows multiple merchants
to use the same device in line with PCI security standards. It
enables airlines, airports and other air transport industry
stakeholders to accept secure payments in a common-use
environment.”
Joe Mach, President of Verifone North America, said, “As a
leading global innovator and trusted partner, businesses look to
Verifone for the means to simplify their payments experience and
build positive relationships with their customers. Working with
SITA, a global IT leader in the airline industry, Verifone is
bringing large-scale, reliable, secure payment touchpoints and
convenience to traveling customers at airport counters and kiosks
around the world. The agreement is a milestone in expanding our
secure payments and future dynamic point-of-sale (POS) interaction
in the transportation industry.”
Whether it is chip, magnetic stripe or contactless cards
presented at these shared passenger touchpoints, airlines using
AirportConnect Common-Use Payment service will be able to
maximize existing relationships with their preferred payment
service providers and banks.
SITA recently implemented this service with a major European
airline at a common-use airport following rigorous testing.
Initially available for SITA AirportConnect workstations, the
service will be rolled out to support SITA’s common-use kiosks and
bag drop stations over the coming months.
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 integration of our payment solution with SITA,
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 35-year history
of uncompromised security with approximately 30 million devices and
terminals deployed worldwide. Our people are 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 SITA
SITA is the communications and IT solution provider that
transforms air travel through technology for airlines, at airports
and on aircraft. The company’s portfolio covers everything from
managed global communications and infrastructure services, to
eAircraft, passenger management, baggage, self-service, airport and
border management solutions. Owned 100% by more than 400 air
transport industry members, SITA has a unique understanding of its
needs and places a strong emphasis on technology innovation.
Nearly every airline and airport in the world does business with
SITA and its border management solutions are used by more than 30
governments. With a presence at more than 1,000 airports around the
world and a customer service team of 2,000+ staff, SITA delivers
unmatched service to more than 2,800 customers in more than 200
countries.
In 2016, SITA had consolidated revenues of US$1.5 billion.
SITA’s subsidiaries and joint ventures include SITAONAIR, CHAMP
Cargosystems and Aviareto.
For further information, go to www.sita.aero.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170621005338/en/
VerifoneDevika Goel, +1
678-327-5478devika.goel@verifone.comorSITABrenda Flinter, +353 87
750 6229Brenda.Flinter@sita.aero
Paymentus (NYSE:PAY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Paymentus (NYSE:PAY)
Historical Stock Chart
From Sep 2023 to Sep 2024