r deployment of additional value-added programs. Clients also have the option to enable processing of payment types across different channels of a merchant’s business, including credit and debit card payments, online payments for e-commerce applications and mobile platforms. Clients can select full service or other options that meet their immediate business needs, and adjust their subscription service packages to features and functions as their business grows or as the payment industry evolves. The Payment-as-a-Service model is implemented primarily in its EMEA segment and, to a lesser extent, in its the Asia-Pacific, North America, and Latin America segments. Managed Services and Terminal Management Solutions In addition to its Payment-as-a-Service solution, the company offers a range of other managed services to provide its clients with managed services tools that accommodate their business needs and plans. The company’s managed services include Web-based transaction processing that is consolidated across payment types, cloud-based remote loading of supported devices with updates for base files and firmware, software and applications, and estate management, including remote key loading, capabilities to remotely activate contactless, NFC and EMV payment methods, and consolidated reporting and analytics. PAYware Connect, the company’s cloud-based hosted payment solution, consolidates all payment transactions through its payment gateway and enables merchants to process from any Internet-connected PC through a single portal. PAYware Connect uses the company’s proprietary VeriShield Total Protect for transaction encryption and tokenization and is certified by all of the major payment processing networks. The company’s VX Direct managed solution combines its VX device with the latest payment applications, automatic updates, security protection with VeriShield Total Protect, and estate management capabilities. Its terminal management solution, VHQ, enables management of an entire estate of devices with minimal on-site intervention, and is targeted to retailers, financial institutions, processors with helpdesk operations, and device maintenance companies. VHQ, which is available for various environments, including retail, healthcare, transit, quick service restaurants and financial services, connects the devices within a merchant's estate to back office operations, enabling remote deployment of software to POS terminals, centralized estate tracking, monitoring and diagnostics, and consolidated information collection and management reports. The company’s limo, livery, and taxi fleet management solution provides tools for fleets installed with its POS devices, including real-time vehicle and trip/fare activity monitoring, computerized dispatch, vehicle tracking and faster card processing. Payment-Enabled Media The company’s payment-enabled media solutions seek to leverage customer engagement at the POS, in taxis, at petroleum dispensers, and in petroleum convenience stores. Its PAYmedia solution is a media content management tool that enables delivery of digital media, including media content of interest to customers, relevant advertisement, and promotions and merchant loyalty programs, through its media-enabled POS devices. PAYmedia has been implemented on its MX devices, including in taxis, in conjunction with its Secure PumpPay devices in petroleum dispensers, and through its LiftRetail platform connected to a merchant’s ECR. In addition to delivery of special offers and couponing, the company’s LiftRetail platform is an interactive platform that accommodates loyalty program enrollment and touch screen capabilities so that a customer can immediately scan additional merchandise for purchase. In conjunction with its in-taxi payment and Secure PumpPay POS devices, the company offers digital media content, such as local news, weather, traffic, and public service messages, as well as paid advertising, through its VNET media platform. Certain of the company’s taxi leasing arrangements for advertising cover the rights to place advertisement on taxi tops or elsewhere on a taxi, such as on the trunk or with wraps on the
verifone systems inc
(PAY:New York Consolidated)
88 West Plumeria Drive
San Jose, CA 95134
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