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Store Chain Galeries Lafayette Selects VeriFone Managed Payment Services Solution



  Store Chain Galeries Lafayette Selects VeriFone Managed Payment Services
  Solution

Five Year Contract to Drive all Aspects of Payments for Iconic Retail Brand,
Including Largest Paris Retail Store and Cross-Border Payments for German
Operation

Business Wire

SAN JOSE, Calif. -- February 19, 2013

VeriFone Systems, Inc. (NYSE: PAY), today announced a comprehensive payment
solutions and services contract with Galeries Lafayette, one of France’s
largest department store chains. The five-year agreement includes managed
services, software, helpdesk and 3,200 of VeriFone’s VX 820 advanced PIN
acceptance devices that support credit, debit and EMV transactions, and
include integrated NFC/contactless technology for alternative payments.

The central component of the VeriFone solution is PAYware Wynid, a managed
services platform that will encompass all Galeries Lafayette payments across
the chain, including cross-border payments from the retailer’s German
operation. Galeries Lafayette will also utilize VeriFone’s encryption and
tokenization services to ensure the most secure payments environment.

“VeriFone was able to provide the most comprehensive payments solution to suit
our needs over the foreseeable future, including encryption and tokenization
of EMV payment transactions,” said Galeries Lafayette Director of Data Systems
Laurent Singer.

“Galeries Lafayette is one of the largest retailers in France -- and operator
of the biggest retail store in Paris with 750 card acceptance stations -- and
represents a tremendous competitive win for VeriFone in France,” said Olivier
Guiot, VeriFone general manager, France. “This demonstrates the appeal that
our services-based approach to payments holds for large retailers.”

VeriFone’s PAYware Wynid provides an end-to-end managed payment service that
consolidates and routes all types of electronic payment transactions. It
enables Galeries Lafayette to manage and host transactions for its German
operations from France, easing certification requirements. The VeriFone VX 820
PIN acceptance solution features a 3.5-inch high-resolution color touch screen
that is consumer-friendly and provides high-impact color graphics to improve
customer recognition and loyalty.

About Group Galeries Lafayette

Group Galeries Lafayette is a private, independent and family-run group, which
has inherited nearly 120 years of history in the retail and fashion trades,
based around the idea of making beauty and quality accessible to as wide an
audience as possible. Endlessly reinventing the concept of a department store,
the Group currently enjoys international recognition, centered on its brands
Galeries Lafayette, BHV, Royal Quartz-Louis Pion and Didier Guerin. For more
information: www.groupegalerieslafayette.fr

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 implement the managed service solution for Galeries Lafayette,
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.

Contact:

VeriFone Media Relations
Pete Bartolik, +1-508-283-4112
pete_bartolik@verifone.com
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