VeriFone and SK C&C Team On Mobile Wallet Acceptance

  VeriFone and SK C&C Team On Mobile Wallet Acceptance

   Open Interface Standards and Technology Platforms Simplify Deployment by
              Mobile Network Operators and Speed Time-to-Market

Mobile World Congress 2013 Hall 7, Stand B51

Business Wire

BARCELONA -- February 27, 2013

VeriFone Systems, Inc. (NYSE: PAY), and SK C&C, the Korea-based global IT
services company, announced today they are partnering on deployment of open
interface standards and technology platforms for management of digital wallet
services, acceptance solutions and mobile commerce. The two companies are
currently in deployment activity with several large mobile network operators
(MNOs).

SKC&C has adopted VeriFone’s OpenAPI common interface standards that govern
communication between a mobile wallet and a merchant’s acceptance device. The
OpenAPI standards ensure that value-added wallet data such as offers, coupons
and loyalty, are universally accepted and flow seamlessly through merchant
systems without disruption of traditional transactions.

“MNOs are eager to deploy an end-to-end wallet solution, but need standardized
interfaces and technology platforms to manage the complexity of advanced
value-added mobile wallet applications for both consumers and merchants,” said
Paul Rasori, senior vice president of Marketing for VeriFone. “VeriFone
payment solutions and services are widely adopted globally and, combined with
our PAYmedia Mobile Marketing Platform, provide a management solution for SK
C&C’s wallet infrastructure.”

The current deployment projects involve a peer-mode interface to enable an
active dialogue between a mobile wallet and the merchant’s payment acceptance
device. Seamless integration of SK C&C’s wallet solution with VeriFone
technology platforms provides MNOs the ability to more rapidly deploy advanced
mobile wallet services. MNOs are able to implement a variety of payment and
non-payment transactions through the interaction of consumer mobile devices
and merchant acceptance systems.

“With our mobile technology expertise, SK C&C has delivered innovative mobile
commerce solutions to leading global MNOs, merchants, and platform companies.
Our partnership with VeriFone will enable MNOs to rapidly and easily deploy
their mobile commerce services in the market,” said Kim Min Seok, vice
president of SK C&C’s mCommerce division.

VeriFone’s PAYmedia Mobile Marketing Platform connects the independent
ecosystems of issuance and acceptance into one fully integrated environment.
This makes it possible to deliver coupons, promotions and loyalty offers to
consumer mobile devices based on geo-targeting, purchase history and
demographic data, allowing consumers to receive and redeem promotional and
loyalty offers and discounts on their mobile devices at the point of sale.

Additional Resources:

www.verifone.com/nfc

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 partner with SK C&C to deploy platforms for management of digital
wallet services, acceptance solutions and mobile commerce, 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.

SK C&C (www.skcc.com)

SK C&C is a total IT service provider with its services covering a wide array
of areas: consulting, system integration, IT outsourcing, ICT convergence,
etc. SK C&C has experienced double digit growth every year since its
establishment, and currently aims to become a top global ICT player through
enhanced business competitiveness, secured ICT convergence capabilities and
proactive expansion of its global reach driven by innovation. With its over 10
years’ mobile payment experience, SK C&C launched its global mobile commerce
business in 2010, and delivered its mobile commerce solution (Corfire) to
global leading MNOs and merchants.

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