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VeriFone and XPIENT Integrate POS Solutions for Restaurants

SAN JOSE, CA - May 20, 2013
Customer-facing payment systems interface with point-of-sale ordering systems tailored to QSR and casual dining markets

VeriFone Systems, Inc., and XPIENT Solutions today announced the integration of VeriFone’s customer-engagement acceptance systems with XPIENT’s IRIS point-of-sale (POS) software to provide intuitive ordering and payment solutions for the quick service and fast casual restaurant segments.

IRIS is a cost-effective, easy to use, infinitely flexible POS application that is readily adaptable to quick service, fast casual, family or casual dining businesses. By utilizing IRIS integrated with VeriFone’s customer-facing payment acceptance systems, restaurant operators will be able to improve efficiency and provide patrons with an engaging and convenient experience. With VeriFone’s VeriShield Protect end-to-end encryption technology and EMV-capable acceptance systems, restaurants will be prepared to adapt to changing security mandates and the upcoming liability shift accompanying implementation of EMV requirements.

“Utilizing VeriFone systems with XPIENT IRIS provides an enhanced service for patrons and fully secure payment acceptance solution for restaurant operators,” said XPIENT President and CEO Christopher Sebes. 

Restaurant operators, integrators and resellers will be able to pair XPIENT IRIS with VeriFone’s multimedia-enabled MX 915 and MX 925 systems to deliver real-time order confirmation, combined with marketing content and prompts for additional item selection suggestions. The VeriFone VX 820 PIN pad provides a secure, yet more traditional customer payment point integrated with IRIS. 

“Consumers increasingly demand both convenience and an engaging experience at the point of sale,” said Jennifer Miles, president, VeriFone Americas. “VeriFone’s VX Solutions and MX Solutions provide new opportunities to leverage XPIENT’s software to more dynamically engage customers and prepare for a new era of EMV payments.”

IRIS POS affords unlimited options to support distinctive business requirements. Uniquely configurable touch screen technology speeds employee training and performance as well as optimizing order accuracy and speed-of-service. All three VeriFone systems support credit, debit and EMV transactions, and include integrated NFC/contactless technology for emerging alternative payments and digital wallets. 

Additional Resources

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.
This press release includes certain forward-looking statements related to VeriFone Systems, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on VeriFone management’s current expectations or beliefs 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. These risks and uncertainties include: customer acceptance and adoption of our new integrated solution for the quick service and fast casual segment, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, 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. 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 XPIENT Solutions, LLC. (www.xpient.com)
XPIENT Solutions is an organization of highly qualified restaurant and software development specialists devoted to business process improvement and professional support services for the foodservice industry. XPIENT offers a full complement of integrated technologies including Point-of-Sale, Back Office and Enterprise Management. From applications that help efficiently take orders and improve kitchen throughput, to labor management, production prep, inventory control, customer loyalty, speed of service, surveillance enhancement and data management tools, XPIENT’s solution suite allows the restaurant operator to better and more easily manage every aspect of their restaurant operations.

About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets.  VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.