VeriFone Systems Inc. announced Monday that First Data Corp. has selected it as its point of sale terminal provider in the Caribbean.
The San Jose company will provide First Data with devices that can accept EMV and mag stripe cards in the region. As a part of the deal, VeriFone is partnering with First Data to develop new applications for VeriFone's Vx Solutions and VX Evolution countertop, wireless and PIN entry systems.
"We selected VeriFone as our exclusive POS product offering in this region as their devices go beyond traditional magnetic stripe transactions by providing advanced EMV card processing, which increases a merchant's security and authentication measures to help reduce fraud," Phil Steurer, a senior vice president with First Data, said in a press release.
