Verifone Appoints New Leaders in Asia Pacific and China

Verifone (NYSE: PAY) today announced the appointment of Steve Aliferis as president of Asia Pacific. Additionally, the company announced the appointment of Arthur Jiang as senior vice president and general manager for China, which was recently established as a separate region reporting to CEO Paul Galant.

“Steve and Arthur are experienced, highly-respected executives that embrace Verifone’s values and share our vision for the future of payments and commerce. They have demonstrated the ability to build and grow successful client franchises throughout Asia,” said Paul Galant, CEO of Verifone. “Steve and Arthur will help us to be a better, more nimble partner for our Asia Pacific and China clients and will provide the leadership that we need to accelerate investment in this critically important part of the world.”

With more than 20 years of experience in the payments and banking industries, Aliferis has held executive management positions with Commonwealth Bank of Australia, National Australia Bank and Assure Worldwide. He most recently served as head of Business Banking, Product and Australian Financial Services at Westpac Group, one of the largest financial services institutions in Australia and New Zealand. Aliferis will join Verifone on Aug. 3, and will be based in the company’s Singapore office.

Jiang began his role as head of China on July 7, and is based in the company’s Beijing office. He has more than 20 years of experience building growing businesses in China’s payments industry. Jiang is the former CEO and a former board member of PAX Technologies, and has also held senior leadership roles with Gemalto (formerly Schlumberger) and Hi Sun Technologies. Most recently, Jiang served as the vice general manager of Aisino Corporation’s payments business, where he led initiatives to drive merchant acquiring and services in China.

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: 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

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