LAS VEGAS, ETA TRANSACT– In today’s EMV world, full-service restaurants are looking to technology to improve the customer experience while complying with complex security standards. To help one restaurant chain meet these challenges, Verifone (NYSE: PAY), a world leader in payments and commerce solutions, and Eigen Development Ltd., a leading provider of PCI-validated point-to-point encryption (P2PE) managed payment solutions, have partnered to enable The Keg Steakhouse + Bar to offer secure pay-at-the-table service.
With Eigen, Verifone is offering a checkout experience that is fast, convenient, and more secure
Creating best-in-class payment experiences for the hospitality industry, Verifone is supporting Eigen with the VX 690 payment terminal, software development kit, and the developer environment needed for the managed payment solution provider to offer a complete EMV and P2PE solution. This integration enables restaurants to provide their customers with three levels of security through the card, the payment terminal, and the encrypted data in the network, in every transaction.
“For more than 20 years, Verifone has been a valued partner in providing secure payment solutions and today, the partnership includes pay-at-the-table service for our restaurant customers across North America,” said Rob Coulthard, General Manager, Eigen. “While the overall EMV migration is in progress, the U.S. market is in its early stages for pay-at-the-table, and we see tremendous growth opportunities for this solution in the hospitality vertical.”
“At all of our North American restaurant locations, we are constantly striving to enhance our guest experience,” said Ron Varley, Vice President of IT, The Keg. “Pay-at-the-table enables our servers to complete the bill transaction directly with our guests in an efficient manner, leading to better service. The addition of a PCI-listed P2PE solution with EMV, ensures credit card data is secure, makes PCI compliance easier, and reduces chargebacks.“
“Pay-at-the-table also improves and speeds up customer service by dramatically reducing a server’s trip to the POS to close a transaction,” said Joe Mach, President of North America. “With Eigen, Verifone offers our restaurant clients and their patrons a checkout experience that is fast, convenient, and more secure.”
Visit Verifone at booth #510 and talk to us about all our smart solutions for restaurants. We’ll be at TRANSACT 17 in Las Vegas with demos of the newest Verifone products and other next generation payment solutions, May 10-12, 2017.
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 roll out of our Vx 690 pay-at-the-table solution, 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 Eigen Development
Eigen has been providing premier integrated payment solutions to North American merchants for over 25 years. Eigen’s suite of managed payment solutions work seamlessly with leading retail, restaurant and hospitality Point of Sale (POS) systems, offering features such as P2PE, contactless NFC (Apple Pay, Samsung Pay) and Pay at the Table (PATT), with support for EMV, tokenization, Gift Card, E-commerce and online ordering. Our Complete Payments Management approach results in secure, reliable and fast payment transactions.
Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting 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 35-year history of uncompromised security with approximately 30 million devices and terminals deployed worldwide. Our people are trusted experts who 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.
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