First Data and VeriFone form strategic partnership

First Data and VeriFone Holdings have announced a strategic partnership to promote and enhance secure payment solutions.

Under the relationship, First Data has become a preferred distributor and reseller of VeriFone secure countertop payment solutions in the US, through its TASQ Technology subsidiary. TASQ Technology is a company engaged in delivering value-added repair, maintenance and deployment services for payment devices.

VeriFone will design, build and manufacture new, high-volume co-branded countertop payment systems that will expand the First Data line of payment solutions. Together the companies will explore other opportunities including non-US reseller and distribution relationships, Europay, MasterCard and Visa countertop solutions, and class A certification of other VeriFone devices, said First Data.

Ed Labry, president of retail and alliance services at First Data, said: "We are pleased that two leaders of the payment industry are working together to better serve the merchant community."

Douglas Bergeron, CEO of VeriFone, said: "First Data's confidence in VeriFone is a tremendous honor and we will work diligently to continue to validate that trust."

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