VeriFone Systems has announced that Global Payments, leader in electronic payment processing services, will distribute and support VeriFoneâs PAYware Mobile secure card payment system in Canada. Global Payments is the first payment processor to offer Canadian customers VeriFoneâs unique card processing solution for the iPhone mobile digital device.
Global Payments will begin immediately to make the PAYware Mobile card encryption sleeve available to merchants. VeriFoneâs sleek and durable card reader slips over iPhone 3G and 3GS to accommodate secure card swipes and allow individuals and businesses with new or existing merchant accounts to qualify for lower-cost âcard presentâ transaction fees.
âVeriFone has created a market-leading mobile payment solution that will expand electronic card acceptance to a broad range of merchants and small businesses for which a payment-enabled, multipurpose smartphone is the best option for electronic payment transactions,â said Jeff J. McGuire, Vice President, Product Development and Marketing for Global Payments Canada. âWeâre delighted to be first to introduce this first-class payment solution for iPhone into the Canadian market.â
âWe look forward to working with Global Payments to introduce PAYware Mobile in Canada,â said VeriFone Executive Vice President Jeff Dumbrell. âMerchants and other small businesses are eager to use VeriFoneâs solution to adapt their iPhones for card payment acceptance anywhere, anytime.â
The VeriFone system currently incorporates a secure mag-stripe card encryption reader for iPhone and a PA-DSS validated App; an EMV version of the card encryption reader is anticipated soon. An English language version of the PAYware Mobile app for Canada is available for immediate download, with a French version planned for later this year.
The PAYware Mobile card encryption sleeve incorporates VeriFoneâs end-to-end encryption technology and ensures secure payment processing. It incorporates a stylus for signature capture and a mini-USB port for charging the iPhone while the ergonomic reader is attached.
Users also gain access to the PAYware Connect gateway, a fully customizable and reliable gateway service that’s ideal for small businesses. Details of all iPhone payment transactions are available in real-time within the Merchant Portal on the payment gateway, which also enables businesses to consolidate payment reporting from multiple PAYware Mobile-equipped iPhones.
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe, and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.
About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, Inc. (âVeriFoneâ) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
iPhone is a trademark of Apple Inc.
