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TMCNet:  VeriFone Rolls Out Sail EMV

[November 14, 2012]

VeriFone Rolls Out Sail EMV

Nov 14, 2012 (Close-Up Media via COMTEX) -- VeriFone Systems announced the availability of Sail EMV, a new platform that enables banks and acquirers around the world to provide smartphone and tablet-based chip-and-PIN card payments solutions to small and medium-sized merchants.


Sail EMV provides banks and acquirers in more than 100 countries and across six continents with a complete solution to expand their product portfolios with custom-branded services that enable mobile merchants to accept chip-and-PIN payments.

According to a release, the VeriFone solution includes payment adapters designed to meet strict industry security requirements; mobile phone SDK's for integration with iOS and Android mobile platforms; and a secure transaction management system leveraging VeriFone's Point Gateway payment-as-a-service global infrastructure.

Sail EMV adds to VeriFone's suite of chip-and-PIN enabled smartphone and tablet solutions, including PAYware Mobile Enterprise hardware and VeriFone GlobalBay mobile software that is already being deployed globally with larger retailers. With Point Gateway services, merchants can utilize the VeriFone portfolio to enable multi-channel strategies spanning traditional retail, mobile retail and e-commerce.

"International deployment of the SAIL platform provides a unique mobile payments solution that enables rapid expansion and adoption of secure chip-and-PIN technology through thousands of VeriFone's international banking and acquiring partners," said VeriFone CEO Douglas G. Bergeron. "The open, flexible and modular nature of SAIL EMV is attractive to organizations that want to expand sales with smartphone and tablet payment solutions for small merchants." VeriFone said Sail EMV contains all of the building blocks that banks and processors need to build a custom branded experience. Utilizing the Point Gateway, transactions are managed, and users are presented with tools to help analyze and grow their business. For the hundreds of thousands of merchants already utilizing the Point Gateway worldwide, the addition of SAIL EMV provides a mobile add-on solution.

"The decision to launch our mobile solution with VeriFone was easy," said Dov Kotler, CEO of Isracard in Tel Aviv, one of several organizations already offering or developing SAIL-based services. "No other player provides an equivalent range of solutions, spanning from the largest merchant to the smallest. We're confident that our partnership with VeriFone will keep us ahead of the competition." Miguel Angel Balcazar, vice president of business development with Mexico City-based PROSA, said, "With SAIL, VeriFone has developed a complete open platform that makes it easy for us to provide our member banks with the ability to service the growing mobile payment needs of their customers." In Stockholm, Erik Cyrus, Head of Group Cards at Swedbank said, "Reducing cash throughout society is highly prioritized for Swedbank and there is a great need for solutions that enable also the smallest merchants to get paid electronically, we clearly see that the smartphone is an important part of the future payment infrastructure. Going towards this, open solutions and security becomes very important." Jean Ochse, Head Acquiring, Standard Bank South Africa, Johannesburg, said, "Merchants are eager for a complete integrated mobile payments solution and VeriFone's SAIL provides us with the ability to develop and deliver customized services locally that leverage VeriFone's worldwide expertise." VeriFone Systems is a company focusing on secure electronic payment solutions.

More information: www.verifone.com ((Comments on this story may be sent to newsdesk@closeupmedia.com))

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