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.
As a part of the deal, San Jose, Calif.-based VeriFone is working 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.
