Largest US payment-terminal provider Verifone enters Europe
Verifone Engage has launched in Europe with the installation of Verifone V200c at Anne Rueschenschmidt, a fashion retailer in Rheine, northern Germany. The move represents a significant step forward for the company in building a payment infrastructure in Europe, with Verifone Engage devices now available to SMEs through Germany via network service provider InterCard. Anne Rueschenschmidt said the company is now fitting four more stores with the technology ahead of the holiday season.
SAN JOSE, Calif.--(BUSINESS WIRE)--Verifone (NYSE: PAY) announces the European launch of Verifone Engage with the all-in-one countertop solution, Verifone V200c, installed at Anne Rueschenschmidt, a boutique fashion retailer in Rheine in northern Germany. A key strategic milestone in building a commerce-enabled payment infrastructure in Europe, Verifone Engage family of devices are now available to small- to medium-sized businesses (SMB) across Germany through InterCard, a leading network service provider (NSP) acquired by Verifone in 2015.

Targeting hundreds of thousands of SMBs in Germany, Verifone is working through InterCard and other NSPs to reach retailers that will need a smart, affordable payment technology and design upgrade to accept increasing payment options at faster speeds, and meet local regulatory requirements by the end of 2017.

“The Verifone Engage family approach offers consistently high-quality and design, security, and multidimensional features for enhanced retail experiences and new levels of personalization with consumers,” said Markus Hoevekamp, vice president and general manager, Verifone Germany. “The power, performance, and quality of Engage are especially reassuring for our partners as adoption spreads across Europe where more retailers are embracing connected commerce technologies in their stores.”

Secure payment, ease-of-use and modern optics were determining factors for owner Anne Rueschenschmidt who said: “We had many customers using the new device during our first weekend and we were happy to smoothly and quickly accept contactless payments. We are now in the process of equipping four more stores with Verifone to prepare for a busy holiday season when we are keen to serve customers efficiently using the latest technology.”

The key features of the compact, ergonomic V200c are ideal for the needs of small- to medium-sized retailers wishing to always stay connected with traditional Ethernet dial-up or more advanced connectivity options like WiFi and Bluetooth. The V200c accepts all payment types including NFC/contactless, mobile wallets, mobile pay and EMV chip cards. With more memory to support rich, multimedia apps, merchants can integrate the device with a cash register or use as a standalone solution for the greatest possible flexibility available in the market.

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 such as loyalty programs, unique offers, and rewards.

To experience Verifone devices and services, visit Verifone at Stand #LER D 027 during Trustech, November 29 – December 1, 2017, Cannes.

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 Engage product solutions in Germany, 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 who 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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