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Mocapay to Showcase Mobile Payments With VeriFone MX800 Series at 2009 National Retail Federation Annual Convention
BOULDER, Colo.--([ BUSINESS WIRE ])--Mocapay will debut its mobile payments and marketing technology integrated with customer-facing payment systems from VeriFone Holdings Inc. (NYSE: PAY) at the NRF Annual Convention in January in New York City.
Mocapay's platform provides merchants with the ability to mobile-enable their existing gift and loyalty programs through payment at the point-of-sale. Gift cardholders can transact at the point-of-sale, access their account balance and transaction history, find the nearest location, and reload their account, all from their mobile phone. In addition, Mocapay gives retailers the tools to send targeted, one-to-one marketing messages to their customers.
Mocapay's mobile payment solution can be integrated with any point-of-sale system, however, it will be run on the VeriFone MX800 series in VeriFone's booth at the NRF convention. The MX800 series is designed to enhance the customer experience at the point of sale and with more than 300,000 systems installed has become the de facto standard in consumer-facing payment systems.
"Mocapay's mobile payments solution demonstrates the flexibility of the MX800 Series architecture and its suitability for value-added applications," said Jeff Wakefield, VP of Marketing at VeriFone. "We're very excited about the potential for mobile payments and Mocapay's innovative approach."
"We are very excited about the opportunity to present our mobile payments and marketing platform in conjunction with VeriFone to such a vast audience of merchants at the annual NRF convention," said Kevin Grieve, CEO of Mocapay. "We look forward to demonstrating each of our capabilities and the number of ways Mocapay can continue to grow merchants' gift and loyalty programs."
About Mocapay ([ www.mocapay.com ])
Mocapay provides the only mobile commerce platform that supports integrated mobile payments, marketing and distribution at point-of-sale. Mocapay allows issuers of gift, loyalty, and private-label credit card programs a seamless and easy way to open a new channel of communication with their customers. Mocapay delivers unequaled direct marketing opportunities and customer loyalty to merchants while providing consumers with the unprecedented ability to transact simply and securely with their mobile device and receive real-time promotions from their favorite retailers.
About VeriFone Holdings, Inc. ([ www.verifone.com ])
VeriFone Holdings, Inc. ("VeriFone") (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Holdings, Inc.:
This press release includes certain VeriFone forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on VeriFone management's current expectations or beliefs 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 Holdings, Inc. These risks and uncertainties include: VeriFone's ability to integrate the Mocapay payment solution with the MX800 product line, VeriFone's ability to successfully manufacture, distribute, market and sell the MX800 series of products, customers' acceptance and adoption of VeriFone's newly released products and applications, ability to protect against fraud, the status of relationships with and condition of third parties upon whom VeriFone relies in the conduct of business, dependence on a limited number of customers, uncertainties related to the conduct of business internationally, dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to VeriFone's payment solution offerings. For a further list and description of such risks and uncertainties, see VeriFone's filings with the Securities and Exchange Commission, including its annual report on Form 10-K and its quarterly reports on Form 10-Q. 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.