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VeriFone Initiates Play at the Pump Lottery Sales in Minnesota

  VeriFone Initiates Play at the Pump Lottery Sales in Minnesota

First U.S. Lottery Ticket Receipt Printed at Gas Dispenser in Greater
Minneapolis Area in November

Business Wire

SAN JOSE, Calif. -- November 29, 2012

VeriFone Systems, Inc. (NYSE: PAY), announced today that the first U.S.
lottery ticket sale at the fuel pump was printed at a Greater Minneapolis area
convenience store and gas station in November. Lottery sales at the pump and
other self-service locations represent a major untapped market segment for
state lottery commissions across the U.S.

Even bigger jackpots may lie ahead as consumers gain access to lottery tickets
at the gas pump. The ...

Even bigger jackpots may lie ahead as consumers gain access to lottery tickets
at the gas pump. The first U.S. lottery ticket sale at the fuel pump was
printed at a Greater Minneapolis area convenience store and gas station in
November as VeriFone and partner Linq3 implemented "play at the pump" at 9
locations in Minneapolis under auspices of the Minnesota State Lottery.
(Photo: Business Wire)

VeriFone and partner Linq3 have implemented “play at the pump” at 9 locations
in Minneapolis under auspices of the Minnesota State Lottery. At gas pumps
equipped with VeriFone’s payment enabled media solution, PAYMEDIA, consumers
can buy quick pick numbers for Powerball and Mega Millions drawings utilizing
debit card payments at the same time they fill up their tanks. The first sale
was completed November 13 at the Gramsie Mart on Rice Street in Shoreview,
Minn.

“We believe that play at the pump allows us to easily expand the distribution
of lottery products and make the purchase of a ticket more convenient,” said
Ed Van Petten, executive director of the Minnesota State Lottery. “This
delivery method reaches a casual player who may want the convenience of making
a lottery purchase while at these locations. It is a means for the Minnesota
State Lottery to generate additional revenue for the state and its’ important
beneficiaries. It will also provide additional revenue and media elements to
help lottery retailers grow their business.”

PAYMEDIA for Secure PumpPAY delivers dynamic video and audio that informs and
entertains consumers -- including promotions on lottery jackpots -- while
ensuring secure, PCI- and EMV-compliant payments. Consumers are age-verified
and enrolled in a quick process at the pump, which enables them to make debit
card purchases of tickets whenever they pull up to a participating location.
Winnings under $600 are automatically deposited to the debit card-linked
account and consumers can check purchases on the web and sign up for mobile
text notifications.

“Many consumers forget to play the lottery or just simply don’t have the time
to make an extra stop, so VeriFone’s media solution makes it easy for them to
play,” said Jennifer Miles, executive vice president, VeriFone North America.

VeriFone’s payment-enabled solutions for gas pumps, taxis and other point of
sale locations represent an opportunity for lotteries to expand sales channels
in new and innovative ways. Linq3 has forged secured payments processing
integration with many of the nations leading payments and ATM processors,
creating a nationwide network to securely process lottery transactions.

“Linq3 enables lotteries to efficiently reach a greater market as well as
generate more sales and more revenue for their designated beneficiaries,” said
Daniel Cage, CEO of Linq3. “Working with VeriFone we’re making it easier for
consumers to play their favorite games during shopping transactions.”

Additional Resources:

http://www.paymedia.com/solutions/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 roll out lottery solutions on our PAYMEDIA platform, 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. (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.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121129005381/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50492047&lang=en

Contact:

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