SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE: PAY) won the 2014 Merchant Payments Ecosystem (MPE) Award in the mPOS (mobile point of sale) category at MPE 2014 in Berlin. VeriFone was selected by the MPE Awards Committee for its portfolio of PAYware Mobile solutions that transform smartphones and tablets into completely secure mPOS devices that can accept payments from traditional mag-stripe cards as well as EMV (chip and PIN) cards.
Since 2010, the MPE Awards have provided recognition and tribute to those who are instrumental and innovative in the payment industry, bringing tribute to those who are pushing the system and payment solutions into the next level of success.
“The Jury appreciated that VeriFone understood, as no other, that it is key to offer merchants of all sizes a handy mobile payment solution that enhances their ability to enrich the shopping experience for consumers,” says Leon Dhaene, Chairman of the MPE Awards. “The key is that VeriFone‘s solution can be used virtually anywhere, which enables the merchant to make the most out of every interaction with customers,” Leon adds.
VeriFone built its portfolio of PAYware Mobile solutions based on feedback from merchants and retailers. As a result, PAYware Mobile provides a complete, scalable and secure mobile payment solution for all segments--from large retailers to small merchants--enabling payment mobility anywhere and everywhere. Devices within the suite work with Apple® and other smartphones and tablets, and some offer wireless compatibility with Android, iOS and Windows operating systems, giving merchants and retailers a mobile point of sale without requiring them to replace PC-based or back-end point-of-sale platforms already in place.
“VeriFone is truly honored to win the MPE Award,” said Bill Nelson, executive vice president of Global Product Management and Services for VeriFone. “MPE recognizes the benefits of PAYware Mobile, which enable merchants of all sizes to experience mobile payments and enhance the customer experience. These benefits along with the security and scalability of the solutions are why we are seeing adoption of PAYware Mobile increase among merchants, especially as focus on mobility continues to grow.”
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: customer and market acceptance of our PAYware Mobile suite of products, 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 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.