First Data, VeriFone Sign Caribbean Chip Card-Acceptance Deal

Published October 31, 2011, 9:55 a.m. EDT

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Updated October 31, 2011, 8:55 a.m. EDT

1 Min Read

VeriFone Systems Inc. will provide EMV point-of-sale card-acceptance systems in the Caribbean to payments processor First Data Corp. in a deal the payment-terminal maker announced Oct. 31.

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As a part of the deal, San Jose, Calif.-based VeriFone is partnering with First Data to develop 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 [because its] 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, First Data senior vice president, said in a press release.

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