Verifone and POS Portal Introduce Out-of-the-Box, Secure Payment Solutions for Small Businesses
April 17 2018 - 8:00AM
Business Wire
POS Portal is the first certified Verifone
Connect distributor partner
ETA TRANSACT - Verifone (NYSE: PAY) and POS
Portal, a ScanSource (NASDAQ: SCSC) company and the nation’s
leading provider of secure payment solutions in the U.S., announced
today the availability of Verifone Connect, a secure and fully
integrated global product that not only enables payment acceptance,
but allows businesses to increase consumer engagement and drive
efficiency. By distributing payment devices configured with
Verifone Connect, POS Portal will be the first to offer a turnkey
solution and immediate access to Verifone Connect with certified
preconfigured payment devices.
With payment services, estate management, and merchant- and
consumer-facing apps available for POS Portal payment devices,
merchants will easily conquer technical hurdles like security
set-up, device configurations, and compatibility with their
existing software and systems. Verifone Connect also simplifies EMV
payment acceptance with the highest level of PCI certification, so
merchants can focus on managing and growing their business.
“Simplicity is revered, no matter your role in the commerce
chain, as payment integrations can be challenging. Our partners
need a solution that makes device configuration, compatibility, and
security easier to set up, so Verifone Connect just makes sense,”
said Scott Agatep, Chief Operating Officer at POS Portal. “POS
Portal and Verifone are proud to provide complete,
easy-to-implement solutions that lead the way for a growing number
of merchants to adopt EMV and contactless payments across the
U.S.”
“Verifone Connect is a customizable product for payment service
providers, ISOs, software vendors and value-added resellers to
leverage with merchants,” said Abizar Vakharia, Senior Vice
President, Global Digital Services, Verifone. “Its simplicity is
based on a digital experience that manages the onboarding of
disparate devices and the seamless integration of payment and
non-payment applications with the POS system. As business needs
change, apps can be preloaded onto devices or downloaded from the
Verifone Connect marketplace for customer engagement, promotions,
payroll, inventory management, and other backend operations.”
“We are partnering with leaders like POS Portal to make it
possible for merchants to get out of the ‘payment business’ and
compete like a big chain,” said Joe Mach, president of Verifone
North America. “As the first certified distributor of Verifone
Connect, POS Portal will empower more retailers, restaurants and
other verticals to increase consumer engagement, lower the cost of
ownership, and streamline operations.”
With Verifone Connect as part of a complete solution, POS Portal
works with customers through the entire EMV rollout to provide an
end-to-end payment solution, from product selection, testing,
boarding, and finally to delivering certified Connect-ready devices
with full merchant support.
To learn more about Verifone Connect and all other solutions,
visit booth #826 at ETA TRANSACT, Las Vegas, April 17-19, 2018.
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 Verifone Connect with POS Portal in North America, 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 VerifoneVerifone 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.
About POS PortalSince 2000, POS Portal has been changing
the payments industry. As a leading distributor of credit card
terminals and supplies POS Portal is pioneering the way in
logistics and distribution for secure payment devices. Having one
of the most extensive libraries of injection keys and over 17 years
of strategic relationships with gateways, processors, and terminal
OEMs, POS Portal has the resources needed to always deliver secure
devices preconfigured just the way our partners need them. With two
Key Injection Facilities (KIF), POS Portal deploys devices direct
to businesses nationwide. At POS Portal we're committed to
providing exceptional service to the point-of-sale industry through
mutually beneficial, long-lasting relationships. For additional
information, please visit http://www.posportal.com or call
1-866-940-4POS (4767).
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version on businesswire.com: https://www.businesswire.com/news/home/20180417005628/en/
VerifoneKwiyoung Baumgarten, 678-358-6982Press@verifone.com
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