Verifone Enhances Mobile Suite with Android-Based Cloud POS Solution

Verifone (NYSE: PAY) announced today that it is launching a new cloud point-of-sale (POS) solution for small-and-medium-sized businesses (SMBs). The Android-based solution, Verifone Cloud POS, will be distributed through Verifone’s network of ISO and acquirer partners.

MERCHANTS WANT MORE VALUE FROM THEIR POS & PARTNERS

Merchants across the globe are focused on driving store visits, flexibly managing their business and creating secure, high value experiences for their customers. In particular, SMB merchants are seeking more value from their POS in order to accomplish these goals. They want a secure technology platform that is easily customizable, can grow with their business by better enabling digital offers, and identify, engage and reward their best customers through loyalty and coupon programs.

Additionally, merchants want flexible management and better insight into their business performance. They want all of this from a partner that can offer a cost effective solution to traditional cash registers.

EQUIPS ISOs AND ACQUIRERS TO ENABLE MERCHANT SUCCESS

When bundled with Verifone’s industry-leading mobile terminals and software, Verifone Cloud POS will enable ISOs and acquirers to meet the needs of their merchants with an Android-based cloud POS system for tablets and smart phones offering:

• Turnkey, fully integrated hardware and software solution
• Open architecture for developers to easily create customizable/scalable applications for merchants of all sizes
• Featured value added services, as well as future integration capabilities with third-party value added service providers, so that merchants can more easily deploy digital offers, loyalty and coupons
• Powerful reporting capabilities that provide merchants with enhanced insight into their business
• Interoperability with any processor (processor agnostic)

Additionally, the Android-based system enables remote management not available in iOS platforms as well as cloud-based storage for secure access to data anytime, anywhere.

These capabilities combined with Verifone’s industry-leading secure payment expertise and support - including pre-sale demonstrations, training and merchant on-boarding - will provide Verifone partners a foundational cloud POS platform that is capable of growing their clients’ businesses and ensuring their success.

“SMBs need more than a payment solution, but until recently it was difficult to provide enterprise level capability to a small business,” said Thad Peterson, Senior Analyst, Aite Group. “Solutions like Verifone Cloud POS solve that problem, and when connected to a tablet-based terminal, it provides a combination of functionality and portability that will meet the needs of a variety of different SMB categories.”

COMPREHENSIVE CLOUD POS FOR TODAY AND TOMORROW

Verifone Cloud POS is ideal for SMBs in a number of verticals, including restaurants, cafeterias, food service and sports and entertainment venues, as well as retail. The complete cloud POS solution includes:

• Offline support to ensure merchants’ businesses are never disrupted
• Access to Verifone’s Commerce Enablement platform that allows merchants to reward loyal customers and add value to the POS
• 10.1” Android tablets with WiFi and optional 4G cellular connectivity for mobile and/or standalone application
• Optional peripherals such as cash drawers, receipt printers and scanners

The solution will also include a consumer mobile app, which is being developed by Verifone, to allow consumers to order ahead from their smartphones.

“This scalable cloud POS offering, as well as the new suite of mobile products we announced earlier this year, will address merchants’ requests for mobile terminals that are more flexible, future-proof, and operate at a lower cost of ownership,” said Vin D’Agostino, executive vice president of Commerce Enablement for Verifone. “Both developments are initial steps in a series of end-to-end mobile solutions that will package hardware, software, gateways, and other assets to fully address our clients’ and partners’ needs and enable them to add more value for consumers at the point of sale.”

LEARN MORE AT TRANSACT® 15

Visit Verifone (Booth# 1213) at the Electronic Transaction Association’s (ETA) TRANSACT 15 to learn more about this comprehensive offering as well as Verifone’s mobile terminals and software.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and on currently available competitive, financial and economic data and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Systems, Inc., including many factors beyond our control. These risks and uncertainties include, but are not limited to, those associated with: successful rollout of our Cloud POS solution, market acceptance of our product and services offerings, execution of our strategic plan and business initiatives and whether the expected benefits of our plan and initiatives are achieved, short product cycles and rapidly changing technologies, our ability to maintain competitive leadership position with respect to our payment solution offerings, our assumptions, judgments and estimates regarding the impact on our business of the continued uncertainty in the global economic environment and financial markets, our ability to successfully integrate acquired businesses into our business and operations, our ability to protect against fraud, the status of our relationship with and condition of third parties such as our contract manufacturers, distributors and key suppliers upon whom we rely in the conduct of our business, our dependence on a limited number of customers, the conduct of our business and operations internationally, our ability to effectively hedge our exposure to foreign currency exchange rate fluctuations, and our dependence on a limited number of key employees. For a further list and description of the risks and uncertainties affecting the operations of our business, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. The forward-looking statements speak only as of the date such statements are made. Verifone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

About Verifone

Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting more than 27 million payment devices to the cloud - merging the online and in-store shopping experience and creating the next generation of digital engagement between merchants and consumers. We are built on a 30-year history of uncompromised security. Our people are known as trusted experts that work with our clients and partners, helping to solve their most complex payments challenges. We have clients and partners in more than 150 countries, including the world’s best-known retail brands, financial institutions and payment providers.

Verifone.com | (NYSE: PAY) | @verifone