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VeriFone Enables Small And Medium-Sized Merchant Chip-and-PIN Acceptance For Smartphones And Tablets

Stocks in this article: PAY

VeriFone Systems, Inc. (NYSE: PAY), today announced the availability of SAIL EMV, a new platform that enables banks and acquirers around the world to quickly provide smartphone and tablet-based chip-and-PIN card payments solutions to small and medium-sized merchants.

SAIL EMV provides banks and acquirers in more than 100 countries and across six continents with a complete solution to expand their product portfolios with custom-branded services that enable mobile merchants to accept chip-and-PIN payments.

The VeriFone solution includes innovative, cost-effective payment adapters designed to meet strict industry security requirements; mobile phone SDK’s for easy integration with iOS and Android mobile platforms; and a secure transaction management system leveraging VeriFone’s Point Gateway payment-as-a-service global infrastructure.

SAIL EMV adds to VeriFone’s suite of chip-and-PIN enabled smartphone and tablet solutions, including PAYware Mobile Enterprise hardware and VeriFone GlobalBay mobile software that is already being deployed globally with larger retailers. With Point Gateway services, merchants can utilize the VeriFone portfolio to empower multi-channel strategies spanning traditional retail, mobile retail and e-commerce.

“International deployment of the SAIL platform provides a unique mobile payments solution that enables rapid expansion and adoption of secure chip-and-PIN technology through thousands of VeriFone’s international banking and acquiring partners,” said VeriFone CEO Douglas G. Bergeron. “The open, flexible and modular nature of SAIL EMV is attractive to organizations that want to expand sales with smartphone and tablet payment solutions for small merchants.”

More than just a secure hardware solution, SAIL EMV contains all of the building blocks that banks and processors need to build a custom branded experience. Utilizing the proven Point Gateway, transactions are quickly and efficiently managed, and users are presented with powerful tools to help analyze and grow their business. For the hundreds of thousands of merchants already utilizing the Point Gateway worldwide, the addition of SAIL EMV provides a powerful mobile add-on solution.

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