Global | Change

Verifone Introduces Advanced Commerce Capabilities & Fast Checkout in the Palm of Your Hand - Hello Experience!

Verifone V400m is the World’s Smallest, Full-Functioning, Portable Payment Device that will Empower Merchants with Meaningful Consumer Interactions   October 24, 2016 Las Vegas (Money20/20, Booth #2414)

Verifone (NYSE: PAY), a world leader in payment and commerce solutions, reimagines what can be delivered through the point-of-sale (POS) with the Verifone V400m, a surprisingly compact, fast and stylish payment device that’s intuitive, connected, and commerce-enabled, bringing experiences to the customer wherever they are.

A part of the fully-integrated, Linux-based Verifone Engage family, the V400m is a result of the strategy at Verifone to offer new value at the POS by increasing loyalty and revenue opportunities for merchants and improving the consumer experience with real-time personalization wherever transactions are taking place. Whether it’s pay-at-the-table, curbside, or line-busting, its portability makes it an ideal solution for a variety of business scenarios.

“The payment industry continues to change at a rapid pace as advanced technology is adopted by merchants and consumers alike,” said Glen Robson, EVP, Global Head of Verifone Solutions. “As we continue to introduce next-gen products and services, software application delivery plays a leading role in driving an entirely new set of possibilities for consumer and merchant interactions. We’re saying ‘Hello Experience!’ to new shopping scenarios that bridge the gap between online and offline, increase the consumer fan-base and foot-traffic, and bring welcomed revenue opportunities to merchants.”

Offering flexibility and speeds up to three times faster than its counterparts, the V400m is fully connected to allow for more transactions from more locations. Its memory supports rich multimedia and applications while its efficient battery allows for longer use. The robust design offers durability while advanced multi-layered security is best-in-class.

“As payments move to the point of customer interaction, portability will be an essential ingredient to a retailer’s POS solution,” said Thad Peterson, Senior Analyst, Payments, Aite Group. “A fully functional POS device about the size of a smartphone will increase associate acceptance and accelerate mobile POS adoption. Verifone’s V400m is a testament to the company’s outstanding engineering that successfully harnessed this type of power and performance in such a compact form factor…and it fits perfectly in your pocket!”

Empowering acquirers, merchants and service providers with unique commerce opportunities through our open and flexible architecture, the Verifone Engage family offers the best of physical, mobile and online consumer interactions helping businesses drive meaningful relationships with real-time personalization.

Verifone devices across the globe process approximately 5.4 billion transactions per year. With more than 10 years of experience designing and manufacturing more than two million secure Linux-based devices installed worldwide, Verifone has a proven track-record for the technological excellence required to create the most robust, fully-integrated payment ecosystem available in the global payment industry.

“Hello Experience” is our theme at Money20/20 Booth #2414. Drop by for the full experience of the V400m and other Verifone products and services. And for more information on the Verifone Engage line or any Verifone product, please visit www.Verifone.com.

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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 Verifone Engage V400m solution, 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 30-year history of uncompromised security with approximately 29 million devices and terminals deployed worldwide. Our people are known as 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

Media Contacts:

Kwiyoung Baumgarten
770-754-3460
Kwiyoung.baumgarten@verifone.com