Verifone (NYSE: PAY) announced today that it will enable its North America payment devices to support all Mastercard EMV transactions, including contact and contactless. As a result, merchants will be able to provide customers with faster checkout and a wider range of EMV-secure payment options. Supporting Mastercard contactless or tap-and-go payments will play a pivotal role in retail environments where speed and convenience are critical. Contactless technology has the potential to transform the way retailers engage with consumers at the point-of-sale or in the aisles.
“Mastercard believes in providing consumers and merchants with the fastest and safest ways to pay. Today, that means EMV contactless with higher transaction approval rates and enhanced security,” said Linda Kirkpatrick, executive vice president of merchants and acceptance, Mastercard. “We are delighted to work with Verifone to promote industry awareness on the benefits of contactless and expedite the availability and enablement of this technology in the marketplace.”