Verifone (PAY) today announced the expansion of its partnership with Microsoft that provides comprehensive Payment-as-a-Service for Microsoft Dynamics 365 clients.
Availability of Verifone Point, a Payment-as-a-Service (PaaS) solution, will now extend to Microsoft Dynamics 365 users internationally beginning with Canada. Together, the industry leaders commit to providing merchants-of-all-sizes worldwide with simplified, reliable and secure payment and commerce solutions that improve the consumer experience at the point-of-sale (POS).
To keep pace with today’s rapidly changing payment landscape, businesses often find themselves managing multiple technology vendors, payment device deployments and EMV certification with processors, compliance with ever-changing PCI standards and payment security. Now, merchants and retailers using Microsoft Dynamics 365 all over the world can overcome payment complexity with the Verifone Point PaaS offering, which bundles payment hardware, software, and support services into a single integrated solution.
“Partnering with Microsoft Dynamics, we look forward to helping a greater number of retailers focus on their business and better serving customers instead of putting precious time and resources into managing their payment systems,” said Joe Mach, President of Verifone North America.
“Over the last 12 months, our partnership with Verifone has helped simplify the standards and requirements that make managing payments so complex for merchants,” said Balaji Balasubramanian, Principal Group Program Manager at Microsoft Corp. “We are delighted to expand this partnership to our international users and enable them to grow their business, improve the customer experience, and adopt a single, secure payment solution that is in sync with industry standards and requirements.”
As a key benefit for many merchants, Verifone Point will include enhanced cardholder data protection through Secure Commerce Architecture (SCA) and end-to-end encryption. SCA prevents sensitive payment information from entering electronic cash registers, which cybercriminals often infect with malware to steal cardholder data. And, with end-to-end encryption, the data is useless to cybercriminals because it is encrypted.