10th Mar, 2014

VeriFone Wins 2014 Merchant Payments Ecosystem Award

SAN JOSE, California - March 05, 2014 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.”