First Data and VeriFone Form Strategic Partnership

First Data, a technology and payments processing provider, and VeriFone Holdings, a provider of secure payment solutions, have formed 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 delivering value-added repair, maintenance and deployment service for payment devices to merchants of all sizes.

According to VeriFone, it 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, EMV countertop solutions, and Class A certification of other VeriFone devices.

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.”

Will this partnership benefit the companies?

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