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.”
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: 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.
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Over 170,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.5 trillion yen (US$54 billion) for the fiscal year ended March 31, 2012. For more information, please see http://www.fujitsu.com.
Fujitsu America, Inc., is a leading ICT solutions provider for organizations in the U.S., Canada and the Caribbean. Fujitsu enables clients to meet their business objectives through integrated offerings and solutions, including consulting, systems integration, managed services, outsourcing and cloud services for infrastructure, platforms and applications; data center and field services; and server, storage, software and mobile/tablet technologies. For more information, please visit: http://solutions.us.fujitsu.com/ and http://twitter.com/fujitsuamerica.
Fujitsu, the Fujitsu logo and "shaping tomorrow with you" are trademarks or registered trademarks of Fujitsu Limited in the United States and other countries. GlobalSTORE is a trademark or registered trademark of Fujitsu America, Inc. in the United States and other countries. VeriFone, the VeriFone logo, GlobalBay and “The Way To Pay” are trademarks or registered trademarks of VeriFone Systems, Inc. in the United States and other countries. All other trademarks and product names are the property of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.