To empower merchants, acquirers, and service providers with new commerce opportunities and experiences in store and protection against escalating security threats—Verifone (NYSE: PAY), the world’s leader in payment and commerce solutions, today announced Verifone Engage, the next generation family of payment devices that globally redefines what’s expected of point-of-sale (POS) hardware and software.
Demonstrations of Verifone Engage products will be showcased next week at Money20/20 in Las Vegas.
Verifone Engage is the company’s first-ever, fully-integrated, Linux-based product family, encompassing a complete range of payment solutions for merchants, acquirers, and service providers. It is the result of a new strategy at Verifone to bring unique value to the POS and the consumer experience with intuitive, connected and commerce-enabled solutions.
“We’re leading the industry to dramatically transform the retail POS to be much more than a box that takes card-based payments,” said Glen Robson, EVP, Global Head of Terminals Solutions, Verifone. “The Verifone Engage family of products is a major paradigm shift in our approach to the point of sale. We are leveraging the power and performance of our open and flexible architecture to bring an entirely different level of interaction between consumers and merchants. With a two-way conversation that can happen at the counter and anywhere in store, we are making the shopping experience more profitable for merchants and more rewarding for consumers.”
Offering the best of physical, mobile and online consumer interaction, Verifone Engage helps businesses create meaningful relationships that drive loyalty and revenue growth. In addition, enterprise and third-party apps from the Verifone App Marketplace will offer the potential of unlimited customization and personalization options for merchants.
“Powerful software applications are driving the evolution of payment terminals,” said James Wester, worldwide payments research director, IDC. “By expanding what payment terminals can do, these new devices aren’t just for secure, one-dimensional transactions; they’re creating new multi-dimensional retail experiences and new levels of personal engagement with consumers.”
The Verifone Engage product family meets current payment system demands while delivering future commerce opportunities for merchants with:
• Sleek and functional design with crisp multi-media displays
o Simple, intuitive user interface for more consistent and seamless experiences
o Multiple form factors for merchants that make a variety of customer interactions possible
• Enhanced buying experiences with two-way customer interactivity
o Store and display rich media for upsell, cross-well and advertising opportunities
o Push out coupons and offers on-the-spot and reward frequent shoppers with loyalty and points programs
• Advanced multi-layered security
o Safeguard sensitive information with encryption and tokenization
o Meets the latest PCI requirements (PCI 4.X approved)
• Full compatibility with all wallets
o Built-in standard for faster EMV adoption to combat fraud without additional regulatory certifications
o Supports full spectrum of payment functions including: mag-stripe, EMV, and NFC/contactless as well as support for BLE connectivity
Verifone has more than 10 years of experience with the design and manufacture of millions of secure Linux-based terminals that are installed worldwide. This proven track record has built within Verifone the technological excellence required to create the most robust, fully-integrated payment ecosystem available in the global payment industry.
Piloting in the fourth quarter of 2015, global product availability will be on a rolling basis throughout 2016 and 2017.