First Data and VeriFone Form Strategic Partnership
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Agreement Spans Manufacturing, Distribution, Support and New Co-Branded
Solutions
ATLANTA & SAN JOSE, Calif.--(Business Wire)--
First Data, a global technology and payments processing leader, and VeriFone
Holdings, Inc. (NYSE: PAY), a global provider of secure payment solutions, today
announced a strategic partnership to promote and enhance secure payment
solutions.
Under the relationship, First Data has become a preferred distributor and
reseller of VeriFone secure countertop payment solutions in the United States,
through its TASQ Technology subsidiary. TASQ Technology is a market leader in
delivering value-added repair, maintenance and deployment services for payment
devices to merchants of all sizes.
VeriFone will design, build and manufacture new, high-volume co-branded
countertop payment systems that will expand the First Data award-winning line of
payment solutions. Together the companies will explore other opportunities
including non-US reseller and distribution relationships, EMV countertop
solutions, and Class A certification of other VeriFone devices.
"We are pleased that two leaders of the payment industry are working together to
better serve the merchant community," said Ed Labry, president of Retail and
Alliance Services at First Data.
"First Data's confidence in VeriFone is a tremendous honor and we will work
diligently to continue to validate that trust," said Douglas Bergeron, CEO of
VeriFone.
About First Data
First Data powers the global economy by making it easy, fast and secure for
people and businesses to buy goods and services using virtually any form of
electronic payment. Whether the choice of payment is a gift card, a credit or
debit card or a check, First Data securely processes the transaction and
harnesses the power of the data to deliver intelligence and insight for millions
of merchant locations and thousands of card issuers in 36 countries. For more
information, visit www.firstdata.com.
About VeriFone Holdings, Inc. (www.verifone.com)
VeriFone Holdings, Inc. ("VeriFone") (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.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
for VeriFone Holdings, Inc.:
This press release includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations or beliefs and are
subject to uncertainty and changes in circumstances. Actual results may vary
materially from those expressed or implied by the forward-looking statements
herein due to changes in economic, business, competitive, technological and/or
regulatory factors, and other risks and uncertainties affecting the operation of
the business of VeriFone Holdings, Inc. These risks and uncertainties include:
our ability to successfully engage with First Data corporation, our customers'
acceptance and adoption of our newly released products and applications, our
ability to protect against fraud, the status of our relationship with and
condition of third parties upon whom we rely in the conduct of our business, our
dependence on a limited number of customers, uncertainties related to the
conduct of our business internationally, our dependence on a limited number of
key employees, short product cycles, rapidly changing technologies and
maintaining competitive leadership position with respect to our payment solution
offerings. For a further list and description of such risks and uncertainties,
see our filings with the Securities and Exchange Commission, including our
annual report on Form 10-K and our quarterly reports on Form 10-Q. VeriFone is
under no obligation to, and expressly disclaims any obligation to, update or
alter its forward-looking statements, whether as a result of new information,
future events, changes in assumptions or otherwise.
VeriFone Media Relations
Pete Bartolik, 508-283-4112
pete_bartolik@verifone.com
or
First Data
Elizabeth Grice, 303-967-8526
Director of Communications
Elizabeth.Grice@firstdata.com
Copyright Business Wire 2009
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