Verifone was presented with the 2015 George Mitchell Payments System Excellence Award—an award given annually by NACHA—The Electronic Payments Association.
The award is named after former vice-chair of the Board of Governors of the Federal Reserve, George Mitchell, an early proponent of electronic payments. It honors an individual or organization that has shown superior leadership in the development, implementation or advancement of domestic or international electronic payments.
Verifone received the award for its leadership in user education and readiness in support of EMV, according to NACHA. Verifone’s proactive and comprehensive advocacy has helped merchants, financial institutions and other industry partners prepare for and more precisely understand the role, value and implications of EMV in the broader context of a sound, multilayered security approach.
“We are tremendously honored to be presented with this prestigious award,” said Jennifer Miles, president, Verifone Americas. “Verifone is committed to helping its merchants and partners solve payments complexity, and being publicly recognized by NACHA validates this commitment, which is behind all of our previous and future efforts and industry collaboration aimed at helping to streamline the U.S. migration to EMV.”
“NACHA is proud to recognize Verifone as a recipient of the George Mitchell Payments System Excellence Award,” said Janet O. Estep, president and CEO of NACHA. “Verifone has contributed significantly to leadership and excellence in payments by finding innovative ways to evolve its processes and products to meet the needs of a changing payments industry.”
The award is part of NACHA’s Payments System Awards, which recognize the highest degree of achievement in the development, implementation and advancement of electronic payments. These prestigious awards celebrate excellence, outstanding accomplishments and superior leadership in innovation to further the ACH Network.
Verifone and other recipients of the 2015 Payments System Awards were recognized during the Payments System Awards Luncheon, sponsored by TD Bank N.A., at PAYMENTS 2015, in New Orleans, Louisiana. PAYMENTS is the largest and most comprehensive education event for the payments industry.