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Verifone Commander Site Controller Voted CSP's 2015 Best New Product Winner

PAY | October 12, 2015

(NACS Show Booth #5625) – Verifone (NYSE: PAY) announced today that Commander Site Controller--its site management software platform that supports all petroleum and card brands —was recognized by CSP magazine as the 2015 Retailer Choice Best New Product in the Hardware category.

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Verifone Commander Site Controller Voted CSP’s 2015 Best New Product Winner (Photo: Business Wire)

CHOSEN BY GAS STATION & C-STORE RETAILERS

CSP magazine selected Commander Site Controller from several hundred nominations as one of three finalists to compete for the title of 2015 Best New Product in the Hardware category. Nearly 1,500 c-store retailers then elected the winning products in each of the program’s 29 categories.

“The evolution of products introduced into the convenience channel is unparalleled,” said Abbie Westra, deputy group editor of CSP and Convenience Store Products, Winsight LLC (formerly CSP Business Media). “The quality of the nominees along with a record number of retailers voting demonstrate just how significant these awards and products truly are to our industry.”

SIMPLIFIES EMV MIGRATION AT THE PUMP

The fastest site controller in the petro space, Commander Site Controller provides increased speed in at-the-pump and in-store payment acceptance, fueling operations and back office control. In addition to reducing complexity by separating payment, fuel and POS software for easier management and remote upgrades, it assists gas stations and c-stores with their EMV migration at-the-pump in connection with the October 2017 EMV liability shift that applies to the petroleum forecourt.

BETTER MANAGEMENT THROUGH THE CLOUD

Commander Site Controller features Commander Console—a cloud-based software management tool allowing managers and owners to track real time data for all aspects of their business, including payment, in-store and forecourt operations. It’s compatible with all browsers and supported on mobile devices through which store managers can access a graphical set of operational matrixes that are easy to navigate.

“Commander Site Controller being named the best new hardware product is truly an honor, as it validates our commitment to innovation that makes our clients and partners more successful by reducing complexity and solving their biggest payment challenges,” said Dan Yienger, Senior Vice President and General Manager of Petroleum for Verifone. “This is a tremendous recognition, and we sincerely thank everyone at CSP magazine as well as our clients and everyone else who voted.”

Key benefits of Commander Site Controller include:

Increased speed of payment, fueling and store control through 100 percent IP data transfer
Future-proof, expandable architecture for added functionality
Remote access for real-time updates and operations management from any web-enabled device, including tablets and smartphones

ADDITIONAL RESOURCES

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 petroleum EMV-ready POS solutions, 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