CARTES in North America Expo, Booth #414-- VeriFone Systems, Inc. (NYSE: PAY), today announced an agreement with Isis, the joint venture between AT&T Mobility, T-Mobile USA and Verizon Wireless, to integrate the Isis Mobile Commerce Application in current and future NFC-enabled product lines. The companies have also agreed that their sales, marketing and implementation teams will collaborate to target large retail and petroleum/convenience merchants in previously announced Isis launch markets of Salt Lake City and Austin.
VeriFone’s leading market share of U.S. retailers, NFC-ready product portfolio and “payment-as-a-service” delivery model will help accelerate the wide scale introduction and the adoption of mobile commerce. VeriFone is the preferred payment solutions provider for retailers, with 70 percent of the top 200 retail companies in the U.S. and with more than one million NFC-capable VeriFone MX Solutions systems already deployed in the U.S.
“Payment systems at the point of sale provide crucial infrastructure for the development of mobile commerce,” said Scott Mulloy, chief technology officer, Isis. “Our work with VeriFone helps bring to market the product and technical capabilities critical to success, but more importantly leverages VeriFone’s massive U.S. footprint to turn on Isis quickly and easily at large merchants.”
“We are excited about the opportunity help launch Isis with retailers in Salt Lake and Austin and we are ready to provide the expertise and services necessary for a national rollout,” said Jennifer Miles, VeriFone executive vice president, North America. “VeriFone customers will be able to leverage the integration of the mobile experience to engage consumers with new payment options, couponing, and loyalty services.”VeriFone will layer Isis interfaces and user experience onto its pre-existing integration at hundreds of thousands of merchant locations in the United States, alongside traditional payment forms. Merchants will become Isis Ready TM through a combination of new payment systems and NFC add-ons devices, as well as remote software upgrades of certain devices already in the field. Additional Resources: www.verifone.com/isiswallet Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.
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