Valero Corner Store Selects VeriFone PAYMEDIA for Secure PumpPAY

  Valero Corner Store Selects VeriFone PAYMEDIA for Secure PumpPAY

Austin, Texas, Pilot Enables Valero Corner Store, CPG Marketers to Influence
Consumer Purchasing Decisions with Digital Content and Real-Time Offers
through Secure Payment Solution at the Pump

NACS Show 2012 Booth #3361

Business Wire

LAS VEGAS -- October 08, 2012

VeriFone Systems, Inc. (NYSE: PAY), today announced an agreement with Valero
Retail Holdings, Inc., to implement VeriFone’s PAYMEDIA for Secure PumpPAY in
an initial pilot at corporate-operated sites in the Austin, Texas, area.

VeriFone Secure PumpPAY solutions enable gasoline retailers and distributors
to retrofit gasoline dispensers with EMV-capable, PCI payment systems that
meet the latest payment security standards. The VeriFone modules incorporate
full-color digital display and audio that elevates the fueling experience to a
new level.

“Valero Retail’s Corner Store network represents a customer base that is ideal
for advertisers and marketers to reach consumers through an interactive
digital marketing experience at the pump, and immediately influence purchasing
decisions,” said Jennifer Miles, VeriFone executive vice president, North
America.

VeriFone’s media-enabled payment systems and services provide a
state-of-the-art solution for secure payments, targeted advertising, coupons
and special offers, and delivering real-time, relevant information such as
weather and safety warnings.

PAYMEDIA content is managed by VeriFone Media and broadcast via the VeriFone
Digital Network (VNET). Digital content delivered via VNET includes news,
weather, and entertainment from content partner NBCUniversal, including
segments from Saturday Night Live, The Tonight Show with Jay Leno, and Late
Night with Jimmy Fallon. This content is accompanied by highly targeted
advertising and couponing offers that can draw customers inside the petroleum
retailer’s convenience store.

Additional Resources: http://www.verifone.com/paymedia-petro

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

This press release includes certain forward-looking statements related to
VeriFone Systems, Inc. within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on VeriFone management’s
current expectations or beliefs 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. These risks and uncertainties include: our ability to
successfully execute a pilot of our PAYMEDIA for Secure PumpPAY solution with
Valero Corner Store, customer acceptance and adoption of our media offerings,
our ability to protect against fraud, the status of our relationship with and
condition of third parties upon whom we rely in the conduct of our business,
our dependence on a limited number of customers, uncertainties related to the
conduct of our business internationally, our dependence on a limited number of
key employees, short product cycles, rapidly changing technologies and
maintaining competitive leadership position with respect to our payment
solution offerings. For a further list and description of such risks and
uncertainties, 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. 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 Systems, Inc. (www.verifone.com)

VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure
electronic payment solutions. VeriFone provides expertise, solutions and
services that add value to the point of sale with merchant-operated,
consumer-facing and self-service payment systems for the financial, retail,
hospitality, petroleum, government and healthcare vertical markets. VeriFone
solutions are designed to meet the needs of merchants, processors and
acquirers in developed and emerging economies worldwide.

Contact:

VeriFone Media Relations
Pete Bartolik, 508-283-4112
pete_bartolik@verifone.com
 
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