VeriFone Systems, Inc. (NYSE: PAY), announced that WorldPay, a global leader of electronic payment processing solutions, has completed compatibility certification of the VeriFone VX 520 countertop payment system and contracted to bring the NFC and EMV capabilities of those systems to new and existing merchants.
In a further expansion of the two companies' efforts to cooperatively target merchant needs, WorldPay will also offer a secure audio card-reader version of VeriFone's PAYware Mobile for small merchant mobile payments using smartphones, tablets and other smart devices.
"WorldPay and VeriFone have a long history of supplying merchants with trusted payment solutions," said Patti Newcomer, chief marketing officer for WorldPay US. "We have established a preferred supplier relationship over the years to provide merchants with the best payment solutions available combining WorldPay's lightning fast processing speeds and unbeatable service with VeriFone's industry leading payments technology and security."
The VX 520, a member of the VX Evolution family and one of the most advanced countertop payment device available, supports VeriShield Total Protect for end-to-end encryption and tokenization. Merchants can rest assured that their investment is secure with future-proof technology including EMV and NFC capabilities and PCI PTS certification.
"VeriFone and WorldPay collaborate in crucial areas to deliver the right payment solutions to merchants, including core countertop card acceptance systems, end-to-end encryption of payment data, and the latest in mobile payment options," said Jennifer Miles, president of VeriFone Americas. "The two companies team up to deliver payment solutions to merchants that ensure their customers experience a satisfactory purchasing experience."
WorldPay is also in process of certifying compatibility of the VX 805 and VX 820 PIN pads and wireless VX 680, which like the VX 520 offer contactless and smart card payment acceptance capabilities that are crucial to emerging NFC wallet technology and EMV compliance. The portable VX 680 is available with WiFi and Bluetooth or GPRS communications for merchants on the move.
VeriFone's VX Evolution is designed to take advantage of the newest technologies, while fully leveraging the company's proven VX platform that has powered merchant payments over the past decade.