Verifone and Samsung Collaborate to Bring Android-Based mPOS to Enterprise & Multi-Lane Retailers

(NRF Big Show 2015, Verifone Booth #3731 and Samsung Booth #600) – Verifone (NYSE: PAY) and Samsung today announced a global partnership that will deliver advanced, Android-based mobile point of sale (mPOS) solutions to multi-lane and enterprise retailers.

ANDROID-BASED mPOS BACKED BY TWO TRUSTED BRANDS

Interest in mPOS among larger retailers continues to grow, but adoption has been held back by limited options for achieving flexibility and seamless integration into back-end systems. To address this, Samsung—the global leader in Android-powered smart devices—and Verifone—the world leader in purpose-built payment technology–are partnering to provide advanced mPOS solutions–including hardware, software and services–backed by two trusted global brands.

The initial offering, which will be introduced later this year, will create a market-leading mPOS system featuring:

• Ruggedized Samsung Galaxy® Tab Active tablet with 8-inch screen for comfortable viewing
• Enhanced security with Verifone’s point-to-point encryption of payment data, coupled with Samsung’s Knox mobile device security (available with a separate licensing fee)
• Ease of use with multiple connectivity options, including Wi-Fi, Bluetooth and USB connectivity; transactions can be conducted using one hand at the counter, in the aisle, or in any environment
• Payment acceptance of all types, including EMV, NFC, beacons and traditional magnetic stripe
• Commerce enablement capabilities provided by Verifone’s Commerce Enablement platform, enabling retailers to deliver value-added services, targeted marketing and advertising content from anywhere inside or outside the store

“Samsung is focused on delivering solutions that enable retailers to succeed in an amplified economy and provide shoppers the kind of experience they have come to expect in today’s mobile world,” said Youngho Son, vice president of the Enterprise Business Team, Samsung Electronics. “Mobile point of sale is an important part of this, and by partnering with Verifone, we will be able to provide leading retailers a secure, flexible and easy-to-integrate solution that leverages our enterprise-ready Galaxy tablets.”

“Verifone Mobile solutions feature integrated mPOS terminals that enable clients to use whichever consumer devices or operating systems they want and accept all payment types, including EMV, NFC, beacons and more,” said Mark Shockley, senior vice president of Mobile Solutions for Verifone. “Samsung brings Android leadership, ruggedized tablet expertise, and a leading variety of consumer devices, which are being used more and more alongside their enterprise offerings in the retail space. Leveraging the global presence and channels of Verifone and Samsung will be a big benefit to larger retailers around the world.”

SUPPORT FOR VERIFONE’S SECURE COMMERCE ARCHITECTURE

This new offering will also support Verifone’s Secure Commerce Architecture (SCA) solution, which eliminates the flow of consumer payment data into the merchant’s integrated point of sale (IPOS) system, and enables encrypted delivery of this data from the mPOS terminal directly to the merchant’s processor. SCA removes the IPOS from the scope of EMV certification, greatly reducing the burden for clients and eliminating the potential for this data to be stolen at scale.

LEARN MORE ABOUT VERIFONE MOBILE AT THE NRF BIG SHOW

The Verifone Mobile suite of solutions includes a full line of mPOS terminals, software and services that enables merchants of all sizes to conduct commerce from anywhere. To learn more about these solutions, and Verifone’s collaboration with Samsung, visit us at booth #3731.

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 mPOS solution with Samsung, 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 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

About Samsung Enterprise

As a global leader in enterprise mobility and information technology, Samsung provides a diverse portfolio of enterprise technologies including smartphones, wearables, tablets, digital displays, hospitality TVs, printers and medical diagnostic equipment. We are committed to putting the business customer at the core of everything we do by delivering comprehensive products, solutions and services across diverse industries including retail, healthcare, hospitality, education and government. Samsung Electronics America, Inc. (SEA) and the Enterprise Business Division is committed to helping customers realize the promise of a digital business. For more information, please visit samsung.com/business, call 1-866-SAM-4BIZ or follow Samsung Business via Twitter: @SamsungBizUSA.