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Harbortouch Selects Verifone Terminal Solutions to Meet EMV, Next-Generation Payment Needs

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Verifone (NYSE:PAY) today announced that Harbortouch, a leading national point of sale (POS) system and merchant services provider, has selected Verifone terminal and PIN pad solutions to provide next-generation EMV and NFC capabilities to its customers.

Harbortouch Selects Verifone Terminal Solutions to Meet EMV, Next-Generation Payment Needs (Photo: B

Harbortouch Selects Verifone Terminal Solutions to Meet EMV, Next-Generation Payment Needs (Photo: Business Wire)

IMPENDING LIABILITY SHIFT

Harbortouch will use Verifone’s VX 520 countertop payment terminal in combination with the VX 805 PIN pad to accommodate EMV and contactless NFC payments. This solution provides merchants with an easy migration path to EMV as the mandated liability shift approaches. These Verifone terminal solutions also accommodate emerging NFC payment types such as Apple Pay.

“With the impending EMV liability shift and new NFC payment types emerging, it is critical for merchants to begin accepting these payment types,” said Harbortouch CEO Jared Isaacman. “After comparing various next-generation terminals, we felt that Verifone offers the most capable and secure solution for our merchant customers.”

Harbortouch currently handles merchant accounts for more than 110,000 business locations and processes in excess of $9 billion annually.

FUTURE-PROOFED PAYMENT ACCEPTANCE

“By partnering with Verifone, Harbortouch is able to provide its merchant clients with a future-proof terminal solution backed by more than 30 years of payment innovation and expertise,” said Shan Ethridge, vice president and general manager, North America Financial Services Group, Verifone. “The VX 520 is an incredibly reliable device that supports emerging payment methods that are growing in demand amongst consumers, as well as applications that can add more value to the POS, while the VX 805 is a stylish and sleek customer-facing PIN pad that is easy to hand over to consumers for card acceptance and PIN entry.”

EMV READINESS

Verifone provides an unmatched line of EMV-compliant hardware and software and is working closely with partners to ensure that all payment applications designed to run on these devices will be EMV-certified. VX Evolution solutions from Verifone provide:

  • Faster checkout speeds allowing merchants to complete more transactions and get consumers on their way more quickly.
  • Ease-of-use with backlit screens and keypads for all lighting environments.
  • Powerful performance as a result of lightning-fast processors that can handle the most complex, demanding transactions.

Businesses of all kinds have relied on the security and convenience of Verifone payment terminals for more than three decades. With the latest certifications and EMV compliance, Verifone terminals ensure simple and secure processing of all transaction types.

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 payment solutions with Harbortouch, 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 Harbortouch

Harbortouch is a leading national supplier of point of sale (POS) systems, serving tens of thousands of businesses across the nation. The company offers an unparalleled “free” program that supplies a full-featured POS system to restaurants and retail businesses with no up-front costs. Professional installation and onsite training are included with every order and award winning customer service and technical support are available 24 hours a day, seven days a week. In addition to offering state-of-the-art POS systems, Harbortouch also delivers a full range of merchant services such as credit/debit and gift card processing. For additional information, visit www.harbortouch.com or 800-201-0461.

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.

Verifone.com | (NYSE:PAY) | @verifone

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