VeriFone Systems, Inc. (NYSE: PAY), and Fujitsu have entered a partnership agreement to offer retailers sophisticated mobile retailing solutions powered by VeriFone GlobalBay and integrated with the Fujitsu GlobalSTORE® solution, or as a standalone mobile point of sale (POS).
The co-branded solutions provide Fujitsu retail customers with a sophisticated mobile POS, enabling retailers to serve consumers from anywhere in the store. They feature support for advanced mobile payment acceptance, including digital wallets and alternative payments.
“Mobile is a rapidly changing world for retailers, and the VeriFone GlobalBay offering was the clear choice to keep us ahead of the curve,” said Brian Yates, director of Retail Product Marketing, Fujitsu America. “Fujitsu’s integrated solutions provide the ability for VeriFone to leverage the same pricing, promotions and business logic capabilities as a retailer’s traditional GlobalSTORE Point of Sale terminals, from mobile devices.”
Retailers are looking to mobile solutions to increase revenue, improve store operations and enhance the consumer shopping experience. The vast array of emerging mobile devices, payment technologies, and loyalty and promotional offers presents retailers with a complex landscape to navigate. Retailers are relying on their trusted partners to help them make sense of and capitalize on this new world of mobile. This partnership between VeriFone and Fujitsu provides a clear roadmap for meeting their needs well into the future.
“Fujitsu recognizes the importance of mobility as part of their POS strategy and we are pleased that they recognize VeriFone GlobalBay’s capabilities to keep them ahead of the curve,” said Sandeep Bhanote, vice president and general manager, Mobile Retailing Solutions, VeriFone. “This partnership brings together best-of-breed mobile and POS technologies to support retailers’ needs in a complex and rapidly evolving world.”
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This press release includes certain forward-looking statements related to VeriFone Systems, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on VeriFone management’s current expectations or beliefs 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. These risks and uncertainties include: customer acceptance and adoption of our new solution offerings, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, 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. 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.