Verifone Targets Fleets With Single POS Solution

Global payments technology provider Verifone unveiled a solution that will enable convenience retailers and truck stops to accept WEX and other commercial fleet cards through a single point-of-sale integration.

Previously, operators needed separate hardware and POS systems for different fleet networks, Verifone said in a Monday (Oct. 13) press release.

Verifone’s new Commander Fleet solution will be rolled out in North America, according to the release.

By consolidating fleet card acceptance into one POS system, the solution will lower the total cost of ownership by eliminating duplicate hardware, licenses and service contracts, according to the release.

Commander Fleet will also improve operational efficiency and throughput by reducing toggling and checkout friction, reduce the amount of time required for employee training, and provide unified reporting and actionable insights, per the release.

“Commander Fleet gives retailers a seamless, cost-effective way to manage commercial fleet transactions,” James Hervey, executive vice president, head of Petro at Verifone, said in the release. “By partnering with WEX and other leading providers of commercial fleet products, we’re cutting complexity, lowering costs and creating a smoother experience for both operators and drivers.”

Verifone announced in April that it received a $235 million equity investment and extended its debt maturities to support its payment and commerce solutions.

“This accomplishment, combined with our recent strategic advancements, positions us well to capitalize on future opportunities, drive innovation and achieve sustainable growth,” Verifone CEO Himanshu Patel said in an April 1 press release.

The company said in July that it partnered with PagBrasil to bring Brazil’s popular real-time payments system Pix to the United States by launching an in-store, alternative payment method that lets Brazilian shoppers pay in Brazilian Reais using Pix while shopping in the U.S.

In February, Verifone partnered with PayPal to create an omnichannel platform designed to serve large retailers, restaurants and global merchants and offer enterprise merchants a single platform for data, security and processing across online and physical retail sales channels.

In January, Verifone introduced a new set of payment devices ranging from “mobile to multilane to companion devices” to cover “all commerce use cases across verticals.”

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