VeriFone Systems Inc. announced its partnership with XPIENT Solutions to provide a class leading payment-as a service (PAAS) solution for quick-service restaurant (QSR) and fast-casual dining markets.
The solution enhances security through payment system isolation and end-to-end encryption while providing a pathway to EMV and NFC payment acceptance at the point-of-sale (POS).
IRIS is a flexible POS application from XPIENT Solutions, a provider of comprehensive technology solutions used by 17 of the top 50 QSR brands.
Integration of XPIENT’s platform with VeriFone’s PAAS solution—VeriFone Point—enables restaurant operators to future-proof payment infrastructure for EMV and NFC payment acceptance while enhancing data security with a SRED and PCI PA DSS certified end-to-end encryption solution—the “gold standard” in payment security recommended by the PCI Council and other payment industry authorities.
“XPIENT powers some of the most recognized quick service and fast casual restaurant brands,” said Christopher Sebes, CEO of XPIENT Solutions. “Our partnership with VeriFone yields a ground-breaking solution that provides restaurants with best-in-class POS functionality and data security as well as a direct path to accepting EMV and NFC presentment and other forms of payment that are growing in popularity among consumers.”
The growing burden of both PCI compliance and absolute credit card data security is proving challenging for QSR and fast casual merchants. VeriFone Point addresses both of these issues by isolating the XPIENT platform from PCI scope, as payment data is never transmitted or exposed to the XPIENT system. Further, regardless of presentment technique, card data is encrypted within a SRED certified module.
The XPIENT system is complemented by the customizable VeriFone Point platform, which includes the following features:
VeriShield Total Protect: An end-to-end encryption and tokenization solution that protects retailers’ brands and reduces PCI complexity by eliminating usable cardholder data at the point of swipe.
VeriFone HQ: An advanced solution that reduces estate management complexity, protects POS investments, and reduces total cost of ownership by keeping systems consumer-ready through remote diagnostics, device management and content management.
“We understand the challenges facing restaurants and their service providers when it comes to protecting customer data and having the technology in place to accept future payment types,” said Jennifer Miles, president, VeriFone Americas. “Through our partnership with XPIENT, restaurants now have the flexible and reliable bundle of best-in-class hardware, software and services they need to quickly and easily adapt to changing security mandates and bolster their point of sale to accept EMV credit cards, mobile and other types of alternative payments.”
The platform is available on all VeriFone terminals, including mobile devices, and offers restaurants the flexibility to select any processor they choose.