SAN FRANCISCO--(BUSINESS WIRE)--Verifone (NYSE: PAY) and Heartland Payment Systems (NYSE: HPY) today announced a major strategic alliance and key initiatives aimed at providing merchants with enhanced security and EMV-ready payment processing.
MIGRATION TO EMV AND END-TO-END ENCRYPTION
Heartland Payment Systems is the nation's fifth largest payments processor and a leading provider of merchant business solutions, serving more than 300,000 business and educational locations nationwide. It will immediately make available Verifone’s EMV and NFC-enabled VX 520 payment terminal and VX 805 PIN pad with Heartland Secure™ E3 end-to-end encryption and tokenization. This offering will provide merchants with rigorous payment security as well as an easy migration to EMV as the mandated liability shift approaches.
RENEWED ALLIANCE SUPPORTS MERCHANT NEEDS
“A renewed alliance between Heartland and Verifone ensures merchants have access to the most secure and flexible payments solutions on the market today,” said Heartland Chairman and CEO Robert O. Carr. “Verifone’s popular VX terminals are both Heartland Secure-certified and support E3 encryption, providing merchants with an extensive range of payment device options.”
“Providing merchants the flexibility to easily accept new forms of payment and effectively protect customer data is just one example of Heartland’s unwavering commitment to its clients’ success,” said Paul Galant, CEO of Verifone. “Heartland’s emphasis on empowering merchants with innovative products and services that can enhance and grow their businesses and meet consumers’ changing demands is why Verifone is proud to partner with such a customer-focused processor.”
NFC & EMV PAYMENT ACCEPTANCE
Verifone's VX Evolution line supports contact and contactless transactions with advanced security and reliability.
- The VX 520 is a reliable, rugged countertop device with a powerful processor and expandable memory that handles encryption, decryption and processing at lightning speeds. Integrated NFC capabilities support alternative payments and also support value-added applications such as loyalty or gift card acceptance.
- The VX 805 is a contactless PIN pad that complements the VX 520 for merchants preferring a consumer-facing peripheral for debit, mag-stripe, EMV and NFC acceptance at the POS.
LEARN MORE AT TRANSACT® 15
To learn more about Verifone’s alliance with Heartland, visit Verifone (Booth# 1213) at the Electronic Transaction Association’s (ETA) TRANSACT 15.
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 execution on the announced EMV and security initiatives, market acceptance of our product and services offerings, 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 Heartland
Heartland Payment Systems, Inc. (NYSE: HPY), the fifth largest payments processor in the United States, delivers credit/debit/prepaid card processing and security technology through Heartland Secure™ and its comprehensive Heartland breach warranty. Heartland also offers point of sale, mobile commerce, e-commerce, marketing solutions, payroll solutions, and related business solutions and services to more than 300,000 business and educational locations nationwide.
A FORTUNE 1000 company, Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. Heartland also established The Sales Professional Bill of Rights to advocate for the rights of sales professionals everywhere.
About Verifone
Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting more than 27 million 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. 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.
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