VeriFone launches POS software platform

SAN JOSE, Calif. — VeriFone Systems has launched GlobalBay Merchant, a point-of-sale software platform and support infrastructure designed to help ISOs and acquirers provide tablet POS solutions to small and medium businesses.

GlobalBay Merchant is an extension of the VeriFone GlobalBay line of software already in use by a number of retail organizations. Currently available for iOS, it is tailored to the needs of SMBs and built for distribution solely through VeriFone channel partners. According to Verifone, the software platform provides acquirers and ISOs with secure, easy-to-use payment capabilities and defined interfaces, so that vertical market or customer-specific programs can be rapidly deployed using tablets. GlobalBay Merchant also provides ISOs and acquirers with a complete support infrastructure, including VeriFone’s 24x7 help desk and automated on-boarding processes.

“The GlobalBay Merchant software platform creates new opportunities for ISOs and acquirers to grow their business and is now available from a partner that is invested in their success,” said Jennifer Miles, president, VeriFone Americas. “It provides everything that merchants need to support their immediate and future business goals, backed by a comprehensive infrastructure that makes it easy for service providers to sell and support.”

SMBs are increasingly interested in using tablets as an alternative to electronic cash registers for fixed and mobile POS. But ISOs and acquirers seeking to identify and deploy feature-rich software often find themselves in conflict with the goals of technology providers who are primarily focused on displacing existing processing relationships and are unable or unwilling to work with channel partners.

More than a dozen partners representing a base of more than 500,000 merchants have already signed up to sell GlobalBay Merchant to SMBs, including EVO Payments International, a leading payments service provider.

“GlobalBay Merchant combines everything merchants need in a POS software platform for tablets with back-office support and the security and reliability of a trusted partner,” said Jeff Rosenblatt, president of EVO. “The ability to easily integrate GlobalBay Merchant with other VeriFone devices creates an easy path for migration and expansion as merchants grow their businesses and adapt to consumer expectations for mobile wallet acceptance and value-added services at the point of sale.”

The company is in discussions with additional ISOs, acquirers and processors representing another 4 million merchants.

VeriFone is a secure electronic payment provider which offers 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.