Verifone (NYSE: PAY) today announced approval from JCB Co., Ltd. to support J/Speedy v1.3 —making Verifone’s merchant clients the first to be able to accept this latest version of the contactless EMV payment program used by JCB cardholders.

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Want Faster EMV Transactions? Verifone First to Enable J/Speedy v1.3 Contactless EMV Acceptance for ...

Want Faster EMV Transactions? Verifone First to Enable J/Speedy v1.3 Contactless EMV Acceptance for JCB Cardholders (Photo: Business Wire)

“We are very pleased that Verifone is the first to globally support the latest version of J/Speedy for its merchants,” said Tac Watanabe, EVP of Brand Infrastructure and Technologies for JCB. “Currently, over 89 million consumers use the JCB card, which is accepted by more than 28 million merchants in 190 countries and territories. This certification benefits Verifone clients worldwide that are eager to accept contactless payments from our cardholders.”

SPEED, EASE AND SIMPLICITY

“Verifone has been a leader in the world’s migration to the EMV standard and solving payments challenges for merchants,” said Steve Aliferis, president of Asia Pacific for Verifone. “Certification from JCB helps us continue this leadership by enabling our merchants to be the first to accept the latest version of this convenient form of contactless EMV—furthering their ability to reduce checkout times and improve the customer experience.”

J/Speedy provides a simple, fast, and convenient way for consumers to pay, particularly in environments where throughput speed is critical, such as supermarkets, convenience stores, and fast food restaurants. The program enables consumers to pay by simply tapping their card or mobile phone on a certified terminal or J/Speedy reader.

VERIFONE FIRST TO IMPLEMENT J/SPEEDY GLOBALLY

Verifone is making its newly certified payment application software globally available, and merchants in China, Taiwan, Thailand and other markets in the Asia Pacific region will be the first to have the ability to update their Verifone terminals to accept J/Speedy contactless payments from consumers. Interested merchants can contact their acquirers or terminal providers to learn more about how they can receive Verifone’s J/Speedy software update.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, 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 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 rollout of our EMV acceptance solution for JCB cardholders, market acceptance of our product and services offerings, 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 Verifone

Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting more than 27 million 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. Our people are known as trusted experts that 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.

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