Solution Turns Smartphones into Affordable and Secure Point-of-Sale Systems
ATLANTA, July 14, 2011 – First Data Corporation, a global leader in electronic commerce and payment processing, and VeriFone Systems, Inc. (NYSE: PAY), today announced that First Data will offer its merchant clients VeriFone’s PAYware Mobile solution through its alliance partners.
VeriFone’s PAYware Mobile is a complete payment solution that transforms a smartphone into a secure payment portal; it provides a secure mobile platform to accept electronic payments, along with real-time reporting capabilities that include extensive transaction search. Using VeriFone’s VeriShield Total Protect, PAYware Mobile is tightly integrated with First Data’s security infrastructure to help assure merchants and consumers they are paying over a secure mobile payment channel.
“With mobile devices becoming a main channel for how we transact and interact, we wanted to make it easier for merchants to maximize their mobile phone investment by turning it into a payment system,” said Bruce Dragt, SVP and division manager of Payment Acceptance, First Data. “This is another way merchants, financial institutions and consumers can use mobile devices to conduct commerce with First Data.”
To use PAYWare Mobile, merchants simply slip their smartphone into a special sleeve, so they can then swipe their customer’s card, capture a signature, electronically transmit the payment and email the customer a receipt. PAYware Mobile is ideal for merchants that operate remotely, or on the go, such as home services and in-home sales, events and markets, limo and taxi services, or restaurant delivery.
Sovereign Merchant Services, an alliance between First Data Merchant Services and Sovereign Bank, is one of the alliance partners offering the solution. A financial institution with principal markets in the northeastern United States, Sovereign Bank is a subsidiary of Banco Santander, S.A. “This solution is easy to implement, is compact and portable, and arms our clients with the ability to offer electronic payments to their customers from virtually anywhere without the need to carry additional point-of-sale equipment,” said Eduardo Tobon, Head of Santander's U.S. Cards and Payments Division. “We think PAYware Mobile is a simple and innovative solution that will save our merchants time and money.”
PAYware Mobile honors all forms of credit transactions processed as an online credit purchase and comes equipped with its own stylus for fast and secure signature captures. For more information on PAYware Mobile: www.paywaremobile.com.
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.
About First Data
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive customer revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.