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Wirecard and Verifone Partner to Bring Complementary Payment Services and Solutions to Fast-Growing Indonesian Market
MUNICH and JAKARTA, Indonesia, June 22, 2016 /PRNewswire/ --
- Agreement combines Wirecard software on Verifone devicesÂ
- PT Prima Vista Solusi, Wirecard subsidiary, to collaborate with Verifone in IndonesiaÂ
Wirecard AG [http://www.wirecard.com ] and Verifone [http://www.verifone.com ] (NYSE:
PAY) have entered into a strategic alliance to rapidly expand the point-of-sale market in
Asia Pacific beginning with Indonesia. As the world's fourth most populous country,
Indonesia is considered one of the largest and fastest growing markets for payment
solutions according to analysts.
The five-year strategic alliance brings together the technology portfolio and
geographic strengths of both companies through in-country companies like Wirecard's PT
Prima Vista Solusi [https://www.wirecard.asia/company/wirecard-asia-pacific ] and locally
established Verifone teams, to enable financial institutions, retailers and various
industry verticals to benefit from best-of-breed payment solutions.
"Working as a strategic development partner to Verifone, Wirecard will provide
software platforms for payment acceptance and processing that run on Verifone terminals,
as well as in-depth market expertise," said Rudy Khowara, managing director of Wirecard
Global Point-Of-Sales. "Furthermore, unique segment-specific features will be created
through collaboration with our extended ecosystem of clients and partners."
Though Indonesia is largely a cash-dominated society, the payment cards market is
developing significantly with payments card transaction volume increasing by about 124
percent in 2015 as compared to 2010 according Lafferty Group.
"We are delighted to partner with Wirecard to spur the growth of new payment solutions
and electronic commerce in Indonesia, where we are establishing a local team and permanent
presence," said Steve Aliferis, president of Verifone Asia Pacific. "With Wirecard as our
preferred partner, we are working to offer banks and merchants access to the best
technology solutions available and drive payment acceptance of all forms across diverse
environments."
Through their respective subsidiaries in Asia, PT Prima Vista Solusi and VeriFone
Systems International, the two companies will collaborate to deliver a complete suite of
payment commerce services, including the best-in-class terminal range while planning to
introduce the next generation Verifone Engage [http://www.verifone.com/engage ] family of
products and the newly unveiled, integrated POS solution, Verifone Carbon
[http://www.verifone.com/carbon ]. Wirecard will provide software platforms for payment
acceptance and processing as well as in-depth market expertise. Â
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for
VeriFone Systems, Inc.Â
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 on currently available competitive,
financial and economic data 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 Systems, Inc., including many factors beyond our control. These risks
and uncertainties include, but are not limited to, those associated with: successful
collaboration with Wirecard to spur the growth of payment solutions in Indonesia,
execution of our strategic plan and business initiatives and whether the expected benefits
of our plan and initiatives are achieved, short product cycles and rapidly changing
technologies, our ability to maintain competitive leadership position with respect to our
payment solution offerings, our assumptions, judgments and estimates regarding the impact
on our business of the continued uncertainty in the global economic environment and
financial markets, our ability to successfully integrate acquired businesses into our
business and operations, our ability to protect against fraud, the status of our
relationship with and condition of third parties such as our contract manufacturers,
distributors and key suppliers upon whom we rely in the conduct of our business, our
dependence on a limited number of customers, the conduct of our business and operations
internationally, our ability to effectively hedge our exposure to foreign currency
exchange rate fluctuations, and our dependence on a limited number of key employees. For a
further list and description of the risks and uncertainties affecting the operations of
our business, 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. The forward-looking
statements speak only as of the date such statements are made. 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.
About Wirecard Â
Wirecard AG is a global technology group that supports companies in accepting
electronic payments from all sales channels. As a leading independent supplier, the
Wirecard Group offers outsourcing and white label solutions for electronic payments. A
global platform bundles international payment acceptances and methods with supplementary
fraud prevention solutions. With regard to issuing own payment instruments in the form of
cards or mobile payment solutions, the Wirecard Group provides companies with an
end-to-end infrastructure, including the requisite licences for card and account products.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060,
WDI). For further information about Wirecard, please visit http://www.wirecard.com or
follow us on twitter @wirecard.
About VerifoneÂ
Verifone is transforming everyday transactions into opportunities for connected
commerce. We're connecting payment devices to the cloud, merging the online and in-store
shopping experience and creating the next generation of digital engagement between
merchants and consumers. We are built on a 30-year history of uncompromised security with
approximately 29 million devices and terminals deployed worldwide. Our people are known as
trusted experts who work with our clients and partners, helping to solve their most
complex payments challenges. We have clients and partners in more than 150 countries,
including the world's best-known retail brands, financial institutions and payment
providers.Verifone.com | (NYSE: PAY) | @verifone
Â
Wirecard Media Contact:Â
Wirecard AGÂ
Jana TilzÂ
+49 (0)89-4424-1363Â
jana.tilz@wirecard.comÂ
EmptyBreak:MARKERÂ
Verifone Indonesia Media Contact:Â
FleishmanHillard JakartaÂ
Stephen WarouwÂ
+61-8111571707, +62-818194563Â
Stephen.warouw@fleishman.comÂ
Â
Wirecard AG
Wirecard and Verifone Partner to Bring Complementary Payment Services and Solutions to Fast-Growing Indonesian Market
MUNICH and JAKARTA, Indonesia, June 22, 2016 /PRNewswire/ --
- Agreement combines Wirecard software on Verifone devicesÂ
- PT Prima Vista Solusi, Wirecard subsidiary, to collaborate with Verifone in IndonesiaÂ
Wirecard AG [http://www.wirecard.com ] and Verifone [http://www.verifone.com ] (NYSE:
PAY) have entered into a strategic alliance to rapidly expand the point-of-sale market in
Asia Pacific beginning with Indonesia. As the world's fourth most populous country,
Indonesia is considered one of the largest and fastest growing markets for payment
solutions according to analysts.
The five-year strategic alliance brings together the technology portfolio and
geographic strengths of both companies through in-country companies like Wirecard's PT
Prima Vista Solusi [https://www.wirecard.asia/company/wirecard-asia-pacific ] and locally
established Verifone teams, to enable financial institutions, retailers and various
industry verticals to benefit from best-of-breed payment solutions.
"Working as a strategic development partner to Verifone, Wirecard will provide
software platforms for payment acceptance and processing that run on Verifone terminals,
as well as in-depth market expertise," said Rudy Khowara, managing director of Wirecard
Global Point-Of-Sales. "Furthermore, unique segment-specific features will be created
through collaboration with our extended ecosystem of clients and partners."
Though Indonesia is largely a cash-dominated society, the payment cards market is
developing significantly with payments card transaction volume increasing by about 124
percent in 2015 as compared to 2010 according Lafferty Group.
"We are delighted to partner with Wirecard to spur the growth of new payment solutions
and electronic commerce in Indonesia, where we are establishing a local team and permanent
presence," said Steve Aliferis, president of Verifone Asia Pacific. "With Wirecard as our
preferred partner, we are working to offer banks and merchants access to the best
technology solutions available and drive payment acceptance of all forms across diverse
environments."
Through their respective subsidiaries in Asia, PT Prima Vista Solusi and VeriFone
Systems International, the two companies will collaborate to deliver a complete suite of
payment commerce services, including the best-in-class terminal range while planning to
introduce the next generation Verifone Engage [http://www.verifone.com/engage ] family of
products and the newly unveiled, integrated POS solution, Verifone Carbon
[http://www.verifone.com/carbon ]. Wirecard will provide software platforms for payment
acceptance and processing as well as in-depth market expertise. Â
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for
VeriFone Systems, Inc.Â
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 on currently available competitive,
financial and economic data 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 Systems, Inc., including many factors beyond our control. These risks
and uncertainties include, but are not limited to, those associated with: successful
collaboration with Wirecard to spur the growth of payment solutions in Indonesia,
execution of our strategic plan and business initiatives and whether the expected benefits
of our plan and initiatives are achieved, short product cycles and rapidly changing
technologies, our ability to maintain competitive leadership position with respect to our
payment solution offerings, our assumptions, judgments and estimates regarding the impact
on our business of the continued uncertainty in the global economic environment and
financial markets, our ability to successfully integrate acquired businesses into our
business and operations, our ability to protect against fraud, the status of our
relationship with and condition of third parties such as our contract manufacturers,
distributors and key suppliers upon whom we rely in the conduct of our business, our
dependence on a limited number of customers, the conduct of our business and operations
internationally, our ability to effectively hedge our exposure to foreign currency
exchange rate fluctuations, and our dependence on a limited number of key employees. For a
further list and description of the risks and uncertainties affecting the operations of
our business, 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. The forward-looking
statements speak only as of the date such statements are made. 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.
About Wirecard Â
Wirecard AG is a global technology group that supports companies in accepting
electronic payments from all sales channels. As a leading independent supplier, the
Wirecard Group offers outsourcing and white label solutions for electronic payments. A
global platform bundles international payment acceptances and methods with supplementary
fraud prevention solutions. With regard to issuing own payment instruments in the form of
cards or mobile payment solutions, the Wirecard Group provides companies with an
end-to-end infrastructure, including the requisite licences for card and account products.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060,
WDI). For further information about Wirecard, please visit http://www.wirecard.com or
follow us on twitter @wirecard.
About VerifoneÂ
Verifone is transforming everyday transactions into opportunities for connected
commerce. We're connecting payment devices to the cloud, merging the online and in-store
shopping experience and creating the next generation of digital engagement between
merchants and consumers. We are built on a 30-year history of uncompromised security with
approximately 29 million devices and terminals deployed worldwide. Our people are known as
trusted experts who work with our clients and partners, helping to solve their most
complex payments challenges. We have clients and partners in more than 150 countries,
including the world's best-known retail brands, financial institutions and payment
providers.Verifone.com | (NYSE: PAY) | @verifone
Â
Wirecard Media Contact:Â
Wirecard AGÂ
Jana TilzÂ
+49 (0)89-4424-1363Â
jana.tilz@wirecard.comÂ
EmptyBreak:MARKERÂ
Verifone Indonesia Media Contact:Â
FleishmanHillard JakartaÂ
Stephen WarouwÂ
+61-8111571707, +62-818194563Â
Stephen.warouw@fleishman.comÂ
Â
Wirecard AG