SAN JOSE, Calif. -- VeriFone Systems Inc. is teaming up with XPIENT Solutions to provide a payment-as-a-service solution (PAAS) for quick-service restaurants and fast-casual dining locations. The technology solution is designed to enhance security via payment system isolation and end-to-end encryption, while providing a pathway to Europay, MasterCard and Visa (EMV) acceptance at the point-of-sale (POS).
“We understand the challenges facing restaurants and their service providers when it comes to protecting customer data and having the technology in place to accept future payment types,” said Jennifer Miles, president, VeriFone Americas. “Through our partnership with XPIENT, restaurants now have the flexible and reliable bundle of best-in-class hardware, software and services they need to quickly and easily adapt to changing security mandates and bolster their point-of-sale to accept EMV credit cards, mobile and other types of alternative payments.”
Under the agreement, XPIENT's Iris platform will be integrated into the VeriFone Point PAAS solution, which is intended to enable restaurant operators to future-proof payment infrastructure for EMV and near-field communication (NFC) payment acceptance while enhancing security.
“XPIENT powers some of the most recognized quick-service and fast-casual restaurant brands,” said Christopher Sebes, chief CEO of Charlotte, N.C.-based XPIENT Solutions. “Our partnership with VeriFone yields a ground-breaking solution that provides restaurants with best-in-class POS functionality and data security as well as a direct path to accepting EMV and NFC presentment and other forms of payment that are growing in popularity among consumers.”
San Jose-Calif.-based VeriFone Systems Inc. provides secure electronic payment solutions.