Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, announced an agreement with Virtual Next, a mobile-based digital rewards solutions company, to offer its Canadian merchants a new mobile payment, loyalty, promotion and gift card service.
Through its relationship with Virtual Next, Global Payments will offer a unique solution designed to leverage two existing apps provided by the world’s top mobile operating systems: Passbook for Apple® iOS® and Google Wallet™ payment service. The solution is designed to allow Global Payments’ merchants to offer their customers mobile payment, loyalty, coupon and gift capabilities on a merchant-branded digital payment card that can be loaded directly into customers’ existing digital wallets without requiring an additional app.
“By integrating our payment technology offerings with Virtual Next’s mobile payment and loyalty solution, our merchants will be able to simplify their checkout process without the hassle of loading a new app,” said René Bélanger, President Global Payments Canada. “This partnership not only will provide merchants with new revenue opportunities, but also will streamline payment acceptance.”
“This is a very exciting opportunity for both Virtual Next and Global Payments in the mobile payments space,” said Bijan Shahrokhi, President of Virtual Next. “Apple and Google are providing the digital wallets of the future. We are proud to take the lead in enabling our merchants to accept payment via both Apple’s and Google’s digital wallets.”
Virtual Next and Global Payments are currently working together to launch the product in fall 2015.