NRF Retail’s BIG Show Booth #3345–-Retailers are
looking for ways to enhance the shopping experience and attract
more of the approximately 3 million Chinese tourists who visit the
U.S. each year. To help retailers around the world support these
traveling consumers who spent a total of $33 billion in 2016 just
in the U.S., Verifone (NYSE: PAY) and Alipay announced today that
they have expanded their global partnership to enable select
Lacoste U.S. stores to accept Alipay.
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the full release here:
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Verifone and Alipay Simplify Payment
Acceptance at Select Lacoste Stores in U.S. (Photo: Business
Wire)
As Alipay’s exclusive partner for Lacoste, the French,
sport-inspired lifestyle brand, Verifone facilitates Alipay’s QR
code payments on the Verifone e355 mobile point-of-sale (mPOS)
solution. Designed to accept alternative payments like Alipay and
other digital payment methods, Verifone offers a rich and
interactive mobile pay solution that gives retail personnel the
freedom to help and check out customers from anywhere in the
store.
“We take pride in appealing to international customers and
continue to use innovative technology to improve the customer
experience in our boutiques,” said Joëlle Grünberg, President and
CEO of LACOSTE North and Central America. “With Verifone, we now
offer Chinese customers the comfort of being able to use a familiar
payment method in our U.S. stores.”
"Chinese travelers love brands like Lacoste and we are thrilled
to partner with Verifone to simplify their checkout experience at
select Lacoste stores nationwide,” said Souheil Badran, President,
Alipay Americas. "Through Alipay, Lacoste stores will reduce
payment and language barriers these travelers encounter at the
register and ensure they have the most positive in-store experience
during their visit.”
“Verifone is committed to helping retailers accommodate
international shoppers with secure and familiar checkout
experiences,” said Richard Char, SVP, Global Business and Corporate
Development, Verifone. “Lacoste is a premium brand popular with
Chinese shoppers and we aim to further bolster Lacoste’s global
appeal, reputation, and growth by enabling acceptance of
alternative payments like Alipay.”
Verifone and Alipay began partnering in 2016 to enable merchants
in Europe and North America with Alipay acceptance in stores,
driving brand visibility, traffic and sales through its in-app
marketing tool. With Verifone’s mobile point-of-sale, retailers can
accept Alipay in stores and implement marketing campaigns targeting
Chinese consumers who use the Alipay app.
For more information on how Verifone enables alternative payment
acceptance, please visit booth #3345 at NRF in New York City, where
visiting Chinese travelers can use Alipay in 14,000 taxis.
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 Alipay acceptance solution in
Lacoste stores, 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. We may also provide material
information about us on our investor relations website at
www.ir.verifone.com, in company press releases and in social media
postings. 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 Lacoste
For LACOSTE, Life is a Beautiful Sport!
Since the very first polo was created in 1933, LACOSTE relies on
its authentic sportive roots to spring optimism and elegance on the
world thanks to a unique and original lifestyle for women, men and
children. With a vision to be the leading player in the premium
casual wear market, the Crocodile brand is today present in 120
countries through a selective distribution network. Two LACOSTE
items are sold every second in the world. As an international group
gathering 10,000 women and men, LACOSTE offers a complete range of
products: apparel, leather goods, fragrances, footwear, eyewear,
home wear, watches and underwear, all of them being elaborated in
the most qualitative, responsible and ethical way. In 2016, the
brand garnered a turnover of more than 2 billion euros. For more
information: www.lacoste.com
About Alipay
Operated by Ant Financial Services Group, Alipay is the world’s
largest mobile and online payment platform. Launched in 2004,
Alipay currently has over 520 million active Chinese users and over
200 financial institution partners in China. Alipay has evolved
from a digital wallet to a lifestyle enabler. Users can hail a
taxi, book a hotel, buy movie tickets, pay utility bills, make
appointments with doctors, or purchase wealth management products
directly from within the app. In addition to online payments,
Alipay is expanding to in-store offline payments both inside and
outside of China. Over 10 million brick-and-mortar merchants now
accept Alipay across China. Alipay’s in-store payment service
covers more than 37 countries and regions across the world, and tax
reimbursement via Alipay is supported in 24 countries and regions.
Alipay works with over 250 overseas financial institutions and
payment solution providers to enable cross-border payments for
Chinese travelling overseas and overseas customers who purchase
products from Chinese e-commerce sites. Alipay currently supports
27 currencies. Follow us on Twitter @antfinancial and @alipay.
About Verifone
Verifone is transforming every day transactions into new and
engaging opportunities for merchants and consumers at the last inch
of payments and commerce. Powered by a growing footprint of more
than 30 million devices in more than 150 countries, our people are
trusted experts working with the world’s best-known retail brands,
financial institutions, and payment providers. Verifone is
connecting more products to an integrated solutions platform to
better meet the evolving needs of our clients and partners. Built
on a 35-year history of uncompromised security, we are committed to
consistently solving the most complex payment challenges.
Verifone.com | (NYSE: PAY) | @verifone.
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Berns Communications Group for AlipayStacy Berns,
212-994-4660sberns@bcg-pr.comorVerifonePress@verifone.com
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