Harwood Feffer LLP Announces Investigation of Verifone Systems, Inc.

     Harwood Feffer LLP Announces Investigation of Verifone Systems, Inc.

PR Newswire

NEW YORK, April 4, 2013

NEW YORK, April 4, 2013 /PRNewswire/ --Harwood Feffer LLP (www.hfesq.com) is
investigating potential claims against the board of directors of Verifone
Systems, Inc. ("Verifone" or the "Company") (NYSE: PAY), concerning whether
the board has breached its fiduciary duties to shareholders.

(Logo: http://photos.prnewswire.com/prnh/20120215/MM54604LOGO)

The Company may have been inappropriately recognizing revenue from customers
in the Middle East and Africa. On February 20, 2013, the Company announced a
new revenue recognition policy related to overseas revenues. Under this new
revenue recognition policy, a number of shipments during the first quarter of
2013 failed to meet revenue recognition requirements.

On the news of the new policy, Company stock dropped from $31.89 at close on
February 20, 2013 to $18.24 per share at close on February 21, 2013. 

Our investigation concerns whether the Company board of directors has breached
its fiduciary duties to shareholders, grossly mismanaged the Company, and/or
committed abuses of control in connection with the foregoing.

If you own Verifone shares and wish to discuss this matter with us, or have
any questions concerning your rights and interests with regard to this matter,
please contact:

Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
 (212) 935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors
for many years, serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for
more information about the firm.

Attorney Advertising. © 2013 Harwood Feffer LLP. The law firm responsible for
this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not
guarantee or predict a similar outcome with respect to any future matter.

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Website: http://www.hfesq.com