VeriFone Systems, Inc. (NYSE: PAY) won two industry awards for Way2ride, its sound-based mobile app that enables consumers to quickly, easily and securely pay for taxi rides with a tap of their smartphones.
Way2ride won the 2014 CNP (CardNotPresent) Customer Choice Award in the Best Alternative Payment Solution category as well as the 2014 Appy Award for Best Mobile Payments.
The annual Appy Awards are among the most distinguished awards in the app industry, dedicated to acknowledging creativity and excellence in app design across all platforms: mobile, social, and web-based. The CNP Awards are the only honors focused specifically on the technology providers serving card-not-present merchants. Appy Award winners were selected by a jury of leading tech executives who filtered through hundreds of thousands of eligible apps. CNP Customer Choice awards were presented to finalists that received the most votes in an online poll.
"Significant growth in e-commerce and mobile payments continues to spur innovation and excellence from the technology providers serving card-not-present merchants," said CardNotPresent.com Founder & CEO Steve Casco. "That growth is reflected in this year's CNP Awards, which had a record number of nominations and a record number of votes for Customer Choice nominees. The CNP Awards have become the standard by which companies, programs and services around the world are being recognized and judged now and in the future."
“Winning not one, but both of these prestigious awards—the CNP and the Appy—is truly an honor,” said Amos Tamam, senior vice president of Taxi Systems for VeriFone. “This recognition is a result of Way2ride’s unique ability to streamline the taxi experience by allowing passengers to pay cab fare with a mere tap of their mobile phones. Credit for both awards goes to VeriFone’s team of creative problem solvers, focused hardware engineers, accomplished software developers and disciplined implementation specialists behind Way2ride, as well as the growing number of consumers that use the app.”
Way2ride makes the taxi experience faster and easier for passengers by enabling them to tap and pay for cab fares. Passengers can easily download the free Way2ride app to their iOS or Android smartphones online from the App Store, Google Play or way2ride.com—even during their ride—and pre-load payment information and preferred tip amounts. Digital receipts are immediately emailed to the passenger and stored in the app and online portal for easy access and expensing of business trips.
Way2ride from VeriFone was also selected by The 2014 American Business Awards (ABA) as a Stevie® Award finalist in the New Product or Service of the Year – Transportation category.Winners in each category will be announced at ABA awards ceremony in September.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and on currently available competitive, financial and economic data 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 Systems, Inc., including many factors beyond our control. These risks and uncertainties include, but are not limited to, those associated with: execution of our strategic plan and business initiatives and whether the expected benefits of our plan and initiatives are achieved, short product cycles and rapidly changing technologies, our ability to maintain competitive leadership position with respect to our payment solution offerings, our assumptions, judgments and estimates regarding the impact on our business of the continued uncertainty in the global economic environment and financial markets, our ability to successfully integrate acquired businesses into our business and operations, our ability to protect against fraud, the status of our relationship with and condition of third parties such as our contract manufacturers, distributors and key suppliers upon whom we rely in the conduct of our business, our dependence on a limited number of customers, the conduct of our business and operations internationally, our ability to effectively hedge our exposure to foreign currency exchange rate fluctuations, and our dependence on a limited number of key employees. For a further list and description of the risks and uncertainties affecting the operations of our business, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. The forward-looking statements speak only as of the date such statements are made. 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.
About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, 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.