Global Payments Partners with Virtual Next to Offer Mobile Payment, Gift and Loyalty Solution
June 4, 2015 – Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology services, announced an agreement with Virtual Next, a mobile-based digital rewards solutions company, to offer its merchants a new mobile payment, loyalty, promotion and gift card service.
Through its relationship with Virtual Next, Global Payments will offer a unique solution designed to leverage two existing apps provided by the world’s top mobile operating systems: Passbook for Apple® iOS® and Google Wallet™ payment service. The solution is designed to allow Global Payments’ merchants to offer their customers mobile payment, loyalty, coupon and gift capabilities on a merchant-branded digital payment card that can be loaded directly into customers’ existing digital wallets without requiring an additional app.
“By integrating our payment technology offerings with Virtual Next’s mobile payment and loyalty solution, our merchants will be able to simplify their checkout process without the hassle of loading a new app,” said René Bélanger, President Global Payments Canada. “This partnership not only will provide merchants with new revenue opportunities, but also will streamline payment acceptance.”
“This is a very exciting opportunity for both Virtual Next and Global Payments in the mobile payments space,” said Bijan Shahrokhi, President of Virtual Next. “Apple and Google are providing the digital wallets of the future. We are proud to take the lead in enabling our merchants to accept payment via both Apple’s and Google’s digital wallets.”
Virtual Next and Global Payments are currently working together to launch the product in fall 2015.
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. Our partnerships, technologies and employee expertise enable us to provide a broad range of products and services that allow our customers to accept all payment types across a variety of distribution channels in many markets around the world.
Headquartered in Atlanta, Georgia with more than 4,300 employees worldwide, Global Payments is a Fortune 1000 Company with merchants and partners in 29 countries throughout North America, Europe, the Asia-Pacific region and Brazil. For more information about Global Payments, our Service. Driven. Commerce brand and our technologies, please visit www.globalpaymentsinc.com.
About Virtual Next
Virtual Next offers a mobile-based digital card that ties payment into loyalty programs without the use of smartphone apps. Virtual Next’s research has shown that app-free mobile solutions provide high ROI to restaurants and retailers by eliminating the need for the users to download and keep an app on their smartphones. Increasing both customer adoption and service, Virtual Next uses existing digital wallets such as iPhone Passbook and Google Wallet to enable restaurants and retailers to offer a seamless branded payment, loyalty, gift card, and promotion program to their customers. Virtual Next solution works with any point-of-sale system.
To learn more about Virtual Next, visit www.virtualnext.com.
Apple® is a registered trademark of Apple Inc.
iOS is registered trademark of Cisco.
Google Wallet is a trademark of Google Inc.
Contacts:
Global Payments Inc.
Investor contact: investor.relations@globalpay.com Media contact: media.relations@globalpay.com
Jane Elliott Amy Corn
770-829-8234 770-829-8755
Virtual Next
Bijan Shahrokhi,
CEO1 (647) 860-4920
bijan@virtualnext.com