This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
VeriFone Systems, Inc. (NYSE: PAY), announced today that its PAYware Wynid managed payments solution is powering passenger ticket purchases aboard France’s national railroad operated by SNCF Group. Deployment began in April with the first 1,000 handheld devices that are planned to number 12,000 over three months and handle an estimated 1,650,000 million payment transactions annually across the SNCF-managed rail systems including the high-speed TGV trains.
PAYware Wynid is a managed services platform that delivers all-in-one payment acceptance on mobile handheld devices used by conductors to accept domestic and international EMV card payments and process other functions such as ticket sales and exchange, invoices and information services for passengers.
“VeriFone’s unique managed payment solution makes it possible for SNCF to further improve efficiency and productivity on our trains by adding on-board payment to our mobile solution,” said Carole Morere, department director for Trains Information Systems with SNCF. “Mobile payment further enhances passenger convenience and is a natural complement to existing capabilities of access to real-time information such as train schedules and seating availability.”
PAYware Wynid is a modular, flexible solution designed to meet the highest standards in security while offering the most convenience during the payment transaction. VeriFone’s gateway service consolidates and routes all types of electronic payment transactions and accommodates all forms of card payment, including contactless, mobile and online.
“SNCF is at the forefront of transformation of the passenger experience and has undertaken the largest project in Europe to provide an all-in-one mobile payment and information service that accommodates payment systems from multiple vendors,” said Olivier Guiot, country manager, VeriFone France. “We look forward to completing the full-scale implementation as SNCF brings these new services to its passengers.”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc
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: the successful rollout of the PAYware Wynid managed service with SNCF Group, 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.