Verifone expands services for large retailers in U.S. and Canada

Verifone recently announced an agreement to acquire AJB Software Design, expanding its service offering to large U.S. and Canadian retailers.

Approximately 150 large retailers in the U.S. and Canada rely on Toronto-based AJB’s on-premise gateway and other solutions to connect nearly a half million payment devices.

AJB connects devices from Verifone and other providers to more than 100 processors and applications – such as government benefits, stored value cards, and fleet cards – required by supermarkets, c-stores and other merchants.

Acquiring AJB will help Verifone and its partners (such as ISVs and acquirers) to deliver payment and commerce services that meet merchants’ demands for additional simplicity, security, flexibility and functionality.

“Merging AJB’s solutions and expertise with Verifone’s breadth of services and systems expertise will provide retailers multiple options to better manage and secure their payment infrastructure and provide more value to customers,” said Jennifer Miles, President of North America for Verifone.

Additionally, AJB will extend Verifone’s services with a solution certified by major Canadian banks and processors for EMV acceptance; and support for Verifone and non-Verifone devices—increasing merchants’ ability to manage and seamlessly expand their payments systems.

Combining AJB’s offerings with Verifone’s services creates an unmatched set of hardware-neutral solutions—giving merchants the ability to select from a wider range of products that best meet their business requirements,” said AJB founder and president, Naresh Bangia.