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Moneris to Streamline Payment Process for Merchants with VeriFone VX 520

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Verifone

2099 Gateway Place, Suite 600, San Jose, CA, 95110, USA

Original Press Release

Moneris to Streamline Payment Process for Merchants with VeriFone VX 520

Press release date: January 6, 2014

Canada’s largest debit and credit card processor to upgrade payment devices for merchants

SAN JOSEĀ — VeriFone Systems, Inc. (NYSE: PAY), announced today that Moneris Solutions Corporation (“Moneris”), Canada’s largest debit and credit card processor, has selected the VeriFone VX 520, a reliable and easy to use countertop device that accepts all types of electronic payments. Installation of the VX 520 devices will begin in 2014.

The VX 520 is PCI PTS 3.X compliant and features one of the industry’s fastest processors that can quickly handle payment encryption, decryption and processing - enabling merchants to improve security and reduce transaction times. Its integrated contactless capability and all-in-one design allows merchants to accept alternative payments, such as EMV (chip and PIN) cards and mobile wallets, as well as traditional mag-stripe cards through a single device. Merchants can also use the VX 520 to support value-added applications, such as loyalty or gift card acceptance.

“At Moneris, we are proud to enhance our service to our customers with a convenient and secure technology solution that streamlines the payment process,” said Jeff Guthrie, Chief Sales and Marketing Officer at Moneris. “The adoption of VX 520 devices will expand merchants’ payment options, while giving them an opportunity to process payments faster and spend more time running their business.”

The VX 520 features full functioning dual communication through its range of connectivity options, which include dial-up and Ethernet. And, its communication port is located underneath the device, which helps keep merchants’ countertops neat and free of clutter.

“We are excited to partner with Moneris as they provide additional value for their business customers throughout Canada,” said Shan Ethridge, vice president and general manager, North America Financial Services Group, VeriFone. “As the largest processor of merchant transactions throughout Canada, Moneris’ selection of the VX 520 represents the appeal that our solutions-based approach offers.”

Additional Resources
VeriFone VX 520 VX 520
Reliability and Performance That Lead and Exceed
VX 520 Data Sheet

About Moneris Solutions (www.moneris.com)
As one of North America's largest providers of payment processing solutions, Moneris offers credit, debit, wireless and online payment services for merchants in virtually every industry segment and processes more than three billion transactions annually. Moneris also offers electronically loyalty and stored-value gift card programs. With more than 350,000 merchant locations, Moneris provides the hardware, software and systems to improve business efficiency and manage payments. For more information, please visit www.moneris.com.

About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, 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.

Pete Bartolik
VeriFone Media Relations
508-283-4112
pete_bartolik@verifone.com

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