Verifone Introduces Verifone Engage: Redefines What’s Expected of Point-of-sale (POS)

October 23, 2015     By : LTP Team

Verifone Commerce-Enabled Device in handTo empower merchants, acquirers, and service providers with new commerce opportunities and experiences in store and protection against escalating security threats—Verifone (NYSE: PAY), the world’s leader in payment and commerce solutions, today announced Verifone Engage, the next generation family of payment devices that globally redefines what’s expected of point-of-sale (POS) hardware and software. Demonstrations of Verifone Engage products will be showcased next week at Money20/20 in Las Vegas.

Verifone Engage is the company’s first-ever, fully-integrated, Linux-based product family, encompassing a complete range of payment solutions for merchants, acquirers, and service providers. It is the result of a new strategy at Verifone to bring unique value to the POS and the consumer experience with intuitive, connected and commerce-enabled solutions.

“We’re leading the industry to dramatically transform the retail POS to be much more than a box that takes card-based payments,” said Glen Robson, EVP, Global Head of Terminals Solutions, Verifone. “The Verifone Engage family of products is a major paradigm shift in our approach to the point of sale. We are leveraging the power and performance of our open and flexible architecture to bring an entirely different level of interaction between consumers and merchants. With a two-way conversation that can happen at the counter and anywhere in store, we are making the shopping experience more profitable for merchants and more rewarding for consumers.”

Offering the best of physical, mobile and online consumer interaction, Verifone Engage helps businesses create meaningful relationships that drive loyalty and revenue growth. In addition, enterprise and third-party apps from the Verifone App Marketplace will offer the potential of unlimited customization and personalization options for merchants.

Paul Galant introduced Verifone Engage today on Linkedin Pulse as follows:

This is our first-ever, fully-integrated, Linux-based product family, encompassing a complete range of payment solutions for merchants, acquirers, and service providers. What a difference two years makes!

Verifone Engage is much more than a single-function box that accepts a payment. It is the end-point of a network, built for two-way communication between a merchant and a consumer. Consumer-facing advertisements; personalized loyalty rewards and discounts; the ability to pay with points; and customized suggestions using beacons and identity services – these are just a few of the experiences Verifone Engage was made to deliver. I am thrilled to showcase Verifone Engage at Money20/20 next week in Las Vegas. Please stop by the Verifone Booth #1507 to see these incredible products in action! I can’t say enough about the incredible talent, vision and ingenuity of the teams who made Verifone Engage a reality. Verifone Engage reflects a new era for Verifone and our clients and this is only the beginning. Today is a game-changing milestone for Verifone, and another leap forward in our transformation.

The Verifone Engage product family meets current payment system demands while delivering future commerce opportunities for merchants with:

1. Sleek and functional design with crisp multi-media displays

  • Simple, intuitive user interface for more consistent and seamless experiences
  • Multiple form factors for merchants that make a variety of customer interactions possible

2. Enhanced buying experiences with two-way customer interactivity

  • Store and display rich media for upsell, cross-sell and advertising opportunities
  • Push out coupons and offers on-the-spot and reward frequent shoppers with loyalty and points programs

3. Advanced multi-layered security

  • Safeguard sensitive information with encryption and tokenization
  • Meets the latest PCI requirements (PCI 4.X approved)

4. Full compatibility with all wallets

  • Built-in standard for faster EMV adoption to combat fraud without additional regulatory certifications
  • Supports full spectrum of payment functions including: mag-stripe, EMV, and NFC/contactless as well as support for BLE connectivity

Verifone has more than 10 years of experience with the design and manufacture of millions of secure Linux-based terminals that are installed worldwide. This proven track record has built within Verifone the technological excellence required to create the most robust, fully-integrated payment ecosystem available in the global payment industry.

Piloting in the fourth quarter of 2015, global product availability will be on a rolling basis throughout 2016 and 2017. For more information on Verifone Engage or any Verifone product, please visit www.Verifone.com.

LTP Team

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