Verifone and ATIO Group Partner on Comprehensive Forecourt and mPOS Solution for Petroleum Retailers in Mexico
Solution provides point-of-sale, forecourt control and payment
support to Mexico’s transforming energy market
Verifone
(NYSE: PAY), a world leader in payment and commerce solutions, and ATIO
Group, a leading provider of retail fuel technology in Mexico and
other Latin American markets, have announced a partnership to provide
integrated payments technology to Mexico’s petroleum retailers. Mexico
is the sixth largest consumer of motor gasoline and diesel with more
than 11,000 filling stations across the country, and its energy market
deregulation allows foreign companies to import, own assets, and sell
other fuel brands.
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The agreement combines ATIO Control Gas POS and Verifone
Commander Site Controller to provide a certified solution for
at-the-pump and in-store payment acceptance, fueling operations, and
back office control. Using the powerful capabilities of the Verifone
e355, a flexible mobile payment device that is agnostic to
smartphone and tablet form factors and supports all major OS options
including Android, iOS and Windows, merchants can accept payment from
anywhere in their gas station and store. Consumers will experience the
convenience of paying for fuel and merchandise with debit or credit
cards, as well as barcodes on cards and coupons.
“Deregulation of the Mexican energy market presents a unique opportunity
for retailers to provide new payment and commerce-enabling options to
their customers,” said Pablo Gualdi, CEO, ATIO Group. “With Verifone
solutions, our clients can accept virtually all payment options plus
deliver fast, convenient transactions and better customer service. Our
local knowledge and leadership combined with Verifone’s 25-year
experience in petro payment solutions, offers a smart way for retailers
to benefit from the changing local marketplace.”
“Verifone’s Commander platform helps gas stations and convenience stores
in Mexico leverage our industry-leading payment, loyalty and forecourt
solutions, and enhance their business in the same way they do in the
U.S.,” said Dan Yienger, SVP and General Manager of Petroleum for
Verifone. “With our handheld, long-lasting mPOS device, we are offering
access to an advanced technology solution that will drive remote payment
acceptance of all forms in a transforming environment. Our partnership
with ATIO Group sets a new standard for the advanced and innovative
solutions that are possible for local retailers.”
The Commander Site Controller is Verifone’s single site management
software platform that supports all petroleum and card brands with
payment technology. It incorporates the latest Conexxus Mobile
standard-based API to streamline fuels and convenience store retailers’
ability to support mobile payment apps, while offering loyalty schemes,
improving business processes, reducing costs, and increasing
productivity. Commander serves as a local gateway that interfaces with
full-service attendant sites, and a combination of full- and
self-service sites.
Verifone and ATIO Group expect to begin deployment of the combined
solution in early 2017.
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 petro payment solutions in Mexico,
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 payment devices to the
cloud—merging the online and instore 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
with approximately 29 million devices and terminals deployed worldwide.
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
About ATIO Group
ATIO Group is a set of companies dedicated to supply technology products
and services for fuel management and distribution. With 22 years in the
Mexican market, is the absolute leader with +3300 gas stations automated
with ControlGAS®, and the 61 Mexican airports with FuelGATE®, software
for into-plane aviation fueling operations. ATIO offers service coverage
for Latin America with its corporate headquarters in Mexico City, as
well as its regional offices in Miami and Buenos Aires, and a network of
20 authorized distributors throughout the region.
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