VeriFone Systems, Inc. (NYSE: PAY), announced today that Point, a VeriFone company, and Handelsbanken, one of the highest rated banks in the world, will provide a mobile payment managed services solution for micro merchants and other small businesses in Sweden that want to use smartphones and tablets to conduct transactions.
Point is providing VeriFone’s EMV-compatible PAYware Mobile devices and managed services including software support, deployment and helpdesk. Handelsbanken, a leading Nordic bank with a regional branch network encompassing the UK, Denmark, Finland, Norway and the Netherlands, is using the Point solution to deliver a branded mobile payment service.
“Leading banks such as Handelsbanken are developing new payment services to serve the needs of new micro merchants and other small businesses that want to utilize smartphones and tablet devices for payment acceptance,” said Bård Ljöstad, managing director of Sweden for Point. “Point services built on VeriFone’s proven mobile payments technology provide a complete and secure mobile solution that enables banks to meet these emerging needs with a trusted brand.”
VeriFone’s PAYware Mobile solutions work with Apple iPad, iPod touch, iPhone and other smartphones and tablets. The PAYware Mobile e105 is a universal secure payment adapter that includes chip and PIN and mag-stripe capabilities that extends the point of sale to all new environments. With PAYware Mobile e105, smartphones and tablets are transformed into completely secure payment devices that leverage the proven Point gateway and its exceptional tools for better managing and growing business.
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: the successful rollout of our PAYware Mobile devices and managed services with Handelsbanken, 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 Point (www.pointinternational.com)
Point is the leading provider of electronic payment solutions in Europe focusing on payment solutions to merchants. Point installations handle 10 million transactions per day, and the Point Group provides service to approximately 680,000 payment terminals and more than 20,000 e-commerce sites. Customers include some of the largest retail companies in Europe, as well as small independent stores and online merchants. Point has more than 800 employees and a local presence in Denmark, Estonia, Finland, France, Iceland, Latvia, Lithuania, Norway and Sweden. Point is a VeriFone company, a global leader in secure electronic payment solutions with approximately 5,700 employees.
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.