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W H O I S V E R I F O N E ?
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The leading global provider of technology that enables secure
electronic payment transactions
• VeriFone Systems, Inc. (“VeriFone”), NYSE: PAY
• Founded in 1981
• 4,800 staff
• $1,3 billion revenue in FY2011
• Active in over 110 countries
• No. 1 or No. 2 share in all our markets
• Terminals installed in over 20 million locations
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VeriFone brand is well known by consumers
PAY M E N T S VA L U E C H A I N
VeriFone touches virtually all elements of the value chain
VeriFone Acceptance hardware and software enables Acquirers & Processors business
Solutions for Card Issuing and Management Solutions
VeriFone works closely with the payment networks to drive and enforce new security standards.
VeriFone Acceptance hardware and software enables merchant’s business
Consumer Issuer Payment
Network
Acquirer/
Processor Merchant Consumer
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• Extensive partner network worldwide, plus we have
employees in over 40 countries
• Thousands of channel and distribution partners,
including VIPs, ISOs, Integrators, Developers…
Honolulu
Sacramento
San Jose
Mexico City
Clearwater Miami
Atlanta
Sao Paolo
Buenos Aires
Dallas
Savannah
Toronto
New York
Paris
Warsaw London
Bangalore
Singapore
Taipei Hong Kong
Manila
Beijing
Spain
Italy
China
Russia
India
Turkey
Australia
Dublin
Product Design Centers
Platform Software Development Centers
Application Development Centers
VIPs & Resellers
Global reach
N I G E R I A T O D AY Nigeria
– 170 Million people
– One of the fastest growing GDP’s in Africa
– 20M cards, 40K POS
– Main use for cards is ATM for Cash Withdrawal, local cards are Debit only
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Cash-Less Lagos project
– Introduced by Central Bank of Nigeria (CBN)
– Objective to increase POS base to 350K over 3 years
– Objective to increase cards in circulation over 3 years
– Impose levies for merchants to trade in cash
Banks are now expanding to the whole country
VeriFone solution for transport system and Telco’s
Standard repair centre
Support and maintenance via our partners
Solutions for fuel stations
Solutions for mobile operators.( M-wallet)
C A S H L E S S B E N E F I T S E V E R Y O N E
Benefits for end-users
– Convenience (carry less cash, pay easily, no trouble to get change)
– Safer transactions (avoid robberies by carrying less cash)
– Keep your money safe (e-money is not affected by fire, water or loss)
Benefits for the merchants
– Convenience (carry less cash, get paid easily)
– Transaction speed (no more cash handling) => sales increase
– Easy sales tracking (electronic reports)
– Secure transactions (no need to worry about fake bills or non-funded checks)
Benefits for the country
– Cheaper banking (save cash handling costs)
– Reduce corruption (transactions tracking)
– Offer banking services to more people (credits) that will boost the economy
– Get more income tax to invest in the country development
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P O S A D O P T I O N R AT E I N T R A D I T I O N A L B A N K I N G
Cards must be widely accepted
Thus, POS need to be present in every point of sales
But, each merchant is different (standalone, mobile, retailer, …)
– Offer a solution for each merchant
POS must always be available to take a transaction
– Reliability, maintenance
Communication with bank must be reliable and backed up
– Multiple communication channels
Transaction shall be faster than cash handling
– Performance
E-transactions must be trusted
– Security
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E A C H M E R C H A N T I S D I F F E R E N T
VeriFone has a solution for each merchant
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Countertop
VX 520 VX 820 DUET
Portable
VX 520 GPRS VX 680
PIN pad
VX 820 PP1000se
Multimedia
MX 880 MX 870
Standalone
QX 1000
Mobile
PayWare Mobile
C O M M U N I C AT I O N S H A L L B E R E L I A B L E A N D
B A C K E D U P
VeriFone Vx Evolution offers multiple communication features:
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Dial-up
Ethernet
GPRS
GPRS Dual-SIM
Roaming SIM
Biometrics
Contactless
GPRS
Dial-up (base)
Ethernet (base)
T R A N S A C T I O N S H A L L B E FA S T
VX Evolution offers you the highest performance
– Industry’s first ARM 11 processor
– Combines security and application processing into one 500 MIP powerhouse
Fast and expansive Memory
– 160MB standard, can exceed 500MB
Integration of Proven Technology
Enhanced Usability
– Color and touch screen
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E - T R A N S A C T I O N S S H A L L B E T R U S T E D
VeriFone Vx Evolution range offers best-in-class security:
– Hardware security: PCI PED 3.x
– Software Security: VeriShield Retain
– Data Security: VeriShield Protect End-to-End Encryption
Industry Leadership
– Only HW vendor on PCI SSC
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P O S S H A L L A LWAY S B E AVA I L A B L E
VeriFone Vx Evolution range is built to last
– Reliability & consistency customers have come to expect
– Made with highest grade components
– Leveraging VX proven platform
A level of reliability seldom offered by competition
– Keypads tested to over 1M key presses
– Smart card readers that perform up to 500k insertion
– Withstands one million card swipes
– Thick, durable plastics
– Metal tear bars
Qualified and trained Nigerian partners
that deliver fast and reliable maintenance
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A D D E D VA L U E
POS can be used to provide other added value services than
transactions:
E-topup / E-voucher
– Reload your mobile phone account at any merchant store
Bill payment
– Pay your electricity bill at any merchant store
Loyalty programs
– Pay with your credit card and earn loyalty points
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E - PAY M E N T I N A F R I C A T O D AY
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10% people banked in Africa
– Main challenges: Accessibility, Affordability, Availibility (technology)
50% owns a mobile phone
– Can be shared between family / friends / community
Good news:
We have a solution for you to invest in both card acceptance AND
mobile wallet!
DIGICEL CASE STUDY
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http://www.youtube.com/verifonemobilemoney
N F C : W H AT ’ S T H E D E L AY ?
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Mobile payments that use the handset as a payment card have
not picked up globally with few exceptions. Why?
• Chicken and the egg problem:
Retailers and merchants are reluctant to build an
acceptance infrastructure before user rollout
• Lack of NFC support in mobile phone devices
there are very little NFC devices out there
• Lack of knowledge and trust in the security in the
technology
• Penetration of Telcos to the payment industry
requires know how or cooperation with existing
payment players
N F C : F R O M PAY M E N T S TO A D D E D VA L U E
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• NFC opens endless opportunities to
connect virtual goods with the merchant
POS, e.g. coupons, location-based
promotions, loyalty and more
• The web coupons providers seek ways to
craft the linkage between the web to the
storefront
• Acceptance with NFC at the point-of-sale is
key to bridging between the web virtual
world to the physical storefront
Internet
N F C M O B I L E PAY M E N T S
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Set to change the way we transact...
NFC phone shipments could approach 120 million units by 2012
1 in 6 users worldwide will have a NFC-enabled phone by 2014
By 2015 NFC technology will be the most used solution for mobile payments
85% of payment terminals shipped worldwide will be contactless-enabled in 2016
T U R N “ P O S ” I N T O “ P O I ”
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+ Knows who you are (opt in)
+ Know where you are
+ Knows your coupons
+ Is trusted, safe, secure
+ Single user interface
+ Clean seamless experience
= Intelligent Checkout
Point of Interaction Point of “Intelligent Checkout”
Ve r i F o n e & G o o g l e w a l l e t
VeriFone and Google came
together to make phone
payments a reality by
enabling several major
retailers with Google Wallet
technology
12 of the 14 retailers at the
launch were enabled by
VeriFone
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N F C I N T H E U S
R E C Y C L E R – T H E AT M C O S T PA R A D Y G M
MXATM - RECYCLER CONVENIENCE RETAIL ATM
• Lower cost comparing to existing high-end recycler ATMs
• Intelligent software with front end or integrateable into existing legacy Hosts
• For Convenience Retail or Corresponding Banking locations
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A D O P T I O N A N D W AY S T O S T I M U L AT E A C A S H L E S S S O C I E T Y
Change the perception of POS at the merchant
The POS can earn us money and create wealth in the
value chain
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Chicken or Egg????
– Technology first, incentives to adopt
Cash or Card
– Wallets are cash, and can be represented on Cards
Banked or unbanked
– Convergence of transacting
Where to start?
– Its started………Cashless Lagos.
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A D O P T I O N A N D W AY S T O S T I M U L AT E A C A S H L E S S S O C I E T Y
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