VeriFone Partners with Google and Leading Retailers to Power NFC-based Mobile Payments

VeriFone Systems PAY announced today it is partnering with Google GOOG and top retailers to deploy Google Wallet, an Android app that allows consumers to use virtual versions of their existing plastic cards stored on their phones. Consumers will simply tap their phones to VeriFone's NFC-enabled payment systems at the point of sale to pay, take advantage of promotions and redeem coupons. The trials are occurring throughout the U.S. at major retailers including American Eagle Outfitters, Bloomingdales, Champs Sports, Foot Locker, GUESS, Macy's, Radio Shack, The Container Store and Toys“R”Us. These merchants aspire to be Google SingleTap merchants that enable payment, offers, and loyalty via a single tap with NFC. VeriFone is the preferred payment solutions provider for retailers with more than one million NFC-capable VeriFone MX Solutions systems deployed in the U.S. and 70 percent of the top 200 retail companies in the U.S. using the company's payment systems. VeriFone NFC solutions span multiple POS environments for small to large retailers, including major retail outlets, grocery stores, gas pumps, convenience stores, taxis, restaurants, mobile merchants and self-service kiosks.