By providing Verifone’s innovative, secure, EMV-enabled mobile payment solution, Banrisul empowers its merchant customers to securely accept payments using smartphones and tablets in virtually any type of environment. Banrisul selected the platform following a successful pilot test by door-to-door cosmetics merchants and taxi cab drivers during the height of the tourist influx surrounding the 2014 World Cup.
“Banrisul is a retail bank that continuously seeks to innovate and offer its customers the best solutions and technologies compatible with the dynamics of modern life,” said Carlos Malafaia, Director for Banrisul Cartões. “The results of the pilot exceeded expectations and we are eager to move forward and bring mobile payments to a new market segment in Brazil.”
The sleek, ergonomic design of mobile payment solutions from Verifone enables merchants of all types to utilize a wide range of smartphones and tablets to extend payment acceptance to new environments. Featuring a secure EMV, chip-and-PIN, and fully encrypted mag-stripe card reader, the solution provides payment flexibility to merchants, while an integrated PIN pad enables card-holders to enter their own PINs.
“After demonstrating the business potential of Verifone’s mobile payment platform to Banrisul’s executive leadership team, the bank’s staff led the effort to develop a mobile payments application and was able to get the pilot up and running in record time,” said Jone Fachi, General Manager of Brazil for Verifone. “With the bank’s insight into market opportunities and our lengthy relationship, this provides the ideal opportunity to introduce the mobile payments to local merchants.”
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: the successful rollout of our PAYware Mobile e105 mobile point-of-sale solution by Banrisul Cartões, 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 Banrisul and Banrisul Cards (www.banrisul.com.br)
Banrisul Cards is a member company of Grupo Banrisul S.A with the objective to manage and consolidate the acquiring business and the credit cards, debit, prepay and vouchers business to plan expansion in the credit card market. Banrisul, the parent financial institution of Banrisul Cards is a commercial bank, publicly traded and controlled by the State of Rio Grande do Sul. It stands among the seven largest financial institutions in Brazil in number of branches and total deposits, according to the Central Bank and is considered a leader in the regional market.
Banrisul offers a wide range of financial products and services such as personal loans, mortgage loans, long-term financing, credit lines, investments, insurance, pension funds, annuities, trusts, credit cards and acquiring network.
In 2013, Banrisul reinforced its commitment to sustainability by signing the Global Pact and the Millennium Development Objectives.
About Verifone (www.verifone.com)
Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting more than 25 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.
Verifone.com | @verifone