VeriFone Enables Small and Medium-Sized Merchant Chip-and-PIN Acceptance for Smartphones and Tablets

  VeriFone Enables Small and Medium-Sized Merchant Chip-and-PIN Acceptance for
  Smartphones and Tablets

SAIL EMV Provides Secure Platform for Banks in More Than 100 Countries, across
Six Continents

Business Wire

SAN JOSE, Calif. -- November 08, 2012

VeriFone Systems, Inc. (NYSE: PAY), today announced the availability of SAIL
EMV, a new platform that enables banks and acquirers around the world to
quickly provide smartphone and tablet-based chip-and-PIN card payments
solutions to small and medium-sized merchants.

SAIL EMV provides banks and acquirers in more than 100 countries and across
six continents with a complete solution to expand their product portfolios
with custom-branded services that enable mobile merchants to accept
chip-and-PIN payments.

The VeriFone solution includes innovative, cost-effective payment adapters
designed to meet strict industry security requirements; mobile phone SDK’s for
easy integration with iOS and Android mobile platforms; and a secure
transaction management system leveraging VeriFone’s Point Gateway
payment-as-a-service global infrastructure.

SAIL EMV adds to VeriFone’s suite of chip-and-PIN enabled smartphone and
tablet solutions, including PAYware Mobile Enterprise hardware and VeriFone
GlobalBay mobile software that is already being deployed globally with larger
retailers. With Point Gateway services, merchants can utilize the VeriFone
portfolio to empower multi-channel strategies spanning traditional retail,
mobile retail and e-commerce.

“International deployment of the SAIL platform provides a unique mobile
payments solution that enables rapid expansion and adoption of secure
chip-and-PIN technology through thousands of VeriFone’s international banking
and acquiring partners,” said VeriFone CEO Douglas G. Bergeron. “The open,
flexible and modular nature of SAIL EMV is attractive to organizations that
want to expand sales with smartphone and tablet payment solutions for small

More than just a secure hardware solution, SAIL EMV contains all of the
building blocks that banks and processors need to build a custom branded
experience. Utilizing the proven Point Gateway, transactions are quickly and
efficiently managed, and users are presented with powerful tools to help
analyze and grow their business. For the hundreds of thousands of merchants
already utilizing the Point Gateway worldwide, the addition of SAIL EMV
provides a powerful mobile add-on solution.

“The decision to launch our mobile solution with VeriFone was easy,” said Dov
Kotler, CEO of Isracard in Tel Aviv, one of several organizations already
offering or developing SAIL-based services. “No other player provides an
equivalent range of solutions, spanning from the largest merchant to the
smallest. We’re confident that our partnership with VeriFone will keep us
ahead of the competition.”

Miguel Angel Balcazar, vice president of business development with Mexico
City-based PROSA, said, “With SAIL, VeriFone has developed a complete open
platform that makes it easy for us to provide our member banks with the
ability to service the growing mobile payment needs of their customers.”

In Stockholm, Erik Cyrus, Head of Group Cards at Swedbank said, “Reducing cash
throughout society is highly prioritized for Swedbank and there is a great
need for solutions that enable also the smallest merchants to get paid
electronically, we clearly see that the smartphone is an important part of the
future payment infrastructure. Going towards this, open solutions and security
becomes very important.”

Jean Ochse, Head Acquiring, Standard Bank South Africa, Johannesburg, said,
“Merchants are eager for a complete integrated mobile payments solution and
VeriFone’s SAIL provides us with the ability to develop and deliver customized
services locally that leverage VeriFone’s worldwide expertise.”

The universal SAIL EMV reader connects to a smartphone or tablet via the audio
jack and enables merchants to accept both chip-and-PIN and magnetic stripe
cards using a standard app. SAIL EMV is designed to meet all industry security
standards, including EMV Level 1 and EMV Level 2, PCI PTS 3.0, SRED, PA DSS
and PCI DSS. In addition, it provides end-to-end encryption of all card data,
ensuring sensitive information is never exposed while inside an insecure
smartphone or tablet.

The SAIL platform is currently in production in multiple countries, and
VeriFone is working with development partners in various geographies towards
additional deployments in Q1 of 2013.

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 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: the successful rollout of
the SAIL EMV solution, customer acceptance and adoption of our new solution
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. (

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.


VeriFone Systems, Inc.
Media Relations:
Pete Bartolik, +1 508-283-4112
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