Austria’s PayLife Selects VeriFone to Modernize Payment System Estate

  Austria’s PayLife Selects VeriFone to Modernize Payment System Estate

PayLife to Upgrade or Replace Tens of Thousands of Payment Devices with
VeriFone’s NFC-Ready VX 680 and VX 825 Systems

Business Wire

SAN JOSE, Calif. -- November 13, 2012

VeriFone Systems, Inc. (NYSE: PAY) today announced an agreement to provide
PayLife, the Austrian market leader in cashless transactions, with the new
VeriFone VX 680 wireless solution and VX 825 PIN acceptance system to upgrade
or replace tens of thousands of installed systems. Within the current year,
PayLife also will utilize several thousand VeriFone QX 1000 devices to provide
immediate NFC/contactless in-place upgrades of existing devices.

A joint venture of major Austrian banks, PayLife provides card acceptance
services to companies across the retail environment, the oil industry and the
tourism and service sectors. PayLife plans over time to replace existing
installed payment systems with the new VeriFone systems that feature
integrated contactless with NFC support and are designed to meet the latest
PCI PTS 3.0, ZKA, EMV and Austrian security requirements.

“VeriFone’s innovative, consumer-friendly payment solutions will meet our
needs today and in future as we adapt to the fast evolving new era of NFC
payments, including the very successful Austrian electronic purse, Quick,”
said Robert Komatz, senior vice president of PayLife Bank.

The VX 825 features a high-resolution 3.5" color display that enhances
branding opportunities and increases readability to provide an intuitive
interaction point for consumers. The wireless VX 680 also features a 3.5”
display and is built with durable components for long-lasting use, even in the
most demanding mobile environments. The QX 1000 is an advanced peripheral
solution to provide existing payment devices with a seamless upgrade to

“We’re looking forward to working with PayLife to provide its merchants and
their customers with the most advanced, easy-to-use payment systems available
today,” said Adam Biedrzycki, VeriFone vice president and general manager,
Central Europe. “VeriFone systems will accommodate all the card types
currently accepted today by PayLife and the mobile, digital wallets of

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
our payment solutions with PayLife, 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 PayLife

PayLife is the market leader and number one choice for cashless payments in
Austria. PayLife is synonymous with convenient, simple and secure card
payments as well as customer focus and Innovation.Whether payment card, POS
Terminal, e-commerce or Quick, the Electronic Purse, PayLife offers individual
and comprehensive products to meet all needs.With PayUnity, PayLife is the
only provider for e-commerce and POS payments from one source.At home and
abroad, PayLife offers its customers total solutions for POS terminals, online
trading, prepaid and credit cards.

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
PayLife Bank GmbH
Angela Szivatz, 00 43 1 717 01-6541
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