VeriFone and Lenovo to Deliver Windows-based Mobile Point-of-Sale Platform

  VeriFone and Lenovo to Deliver Windows-based Mobile Point-of-Sale Platform

 PAYware Mobile with ThinkPad Tablet 2 helps retailers combine Windows-based
                     mPOS with existing back-end systems

To tweet this news, copy and paste http://verifone.me/14TzuuR to your Twitter
handle with the hashtag #retail #mPOS

Business Wire

SAN JOSE, Calif. & RESEARCH TRIANGLE PARK, N.C. -- June 25, 2013

VeriFone Systems, Inc. (NYSE: PAY), and Lenovo (HKSE: 992) (ADR: LNVGY)
announced today that they have joined forces to offer a versatile,
enterprise-class, mobile point of sale (mPOS) platform. Powered by Windows 8
Pro, it easily integrates with existing retail store systems.

VeriFone and Lenovo introduced a versatile, enterprise-class, mobile point of
sale (mPOS) platform t ...

VeriFone and Lenovo introduced a versatile, enterprise-class, mobile point of
sale (mPOS) platform to meet retail needs for a Windows-based system
compatible with existing retail store systems. The platform integrates a
ThinkPad(TM) Tablet 2 based on the Intel(R) Atom(TM) Z2760 processor with
VeriFone's secure PAYware Mobile technology designed exclusively for the
Lenovo tablet. (Photo: Business Wire)

The mPOS platform integrates a ThinkPad™ Tablet 2 based on the Intel® Atom™
Z2760 processor with VeriFone’s secure PAYware Mobile technology designed
exclusively for the Lenovo tablet. The integrated device is based on the
Microsoft Windows 8 Pro operating system and will enable retailers to easily
transition to a mPOS platform that works with their existing business
infrastructure and operations, including multichannel management, store
operations, e-commerce, merchandising, financials, and supply chain
management.

“Retailers are increasingly eager to adopt mPOS but have been frustrated by
proprietary platforms that ignore their major investments in the Windows-based
point-of-sale systems on which they run their businesses,” said Joe Mach,
senior vice president and general manager, Vertical Solutions for VeriFone.
“VeriFone will continue to work with industry leaders such as Lenovo to
provide mobile payment and mobile POS platforms that work with any smart
device retailers want to employ.”

“The availability of mPOS platforms that easily integrate with existing
back-end infrastructure and traditional POS systems is a must for retailers
today,” said Michelle Tinsley, director, Transactional Retail, Retail
Solutions Division for Intel. “Platforms based on power-efficient Intel® Atom™
processors supporting exceptional battery life will enable more retailers to
seamlessly implement mPOS for better service to their customers.”

Retail sales associates can use the ThinkPad Tablet 2 mPOS platform to engage
customers and deliver responsive support, quickly scan barcodes, and securely
accept card-based payments, from anywhere in the store. Available with
best-in-class security solutions such as McAfee and VeriFone’s VeriShield
Total Protect, Secured by RSA, for end-to-end encryption, the ThinkPad Tablet
2 mPOS platform provides state-of-the-art data protection for acceptance of
mag-stripe credit cards, signature debit, and store specialty transactions.

“Empowering our customers to fully capture the powerful benefits of mobile and
touch technology in their businesses demands tightly integrated hardware and
software solutions like this ThinkPad Tablet 2 mPOS offering,” said Tom
Looney, vice president, North America Relationship Business, Lenovo. “Forging
strong alliances to create these platforms with ‘best in class’ payment
technology providers like VeriFone is a critical part of our PC Plus strategy
to help organizations become even more agile and responsive in their
operations.”

Powered by the Intel® Atom™ processor, the ThinkPad Tablet 2 mPOS platform
enables easy integration and architectural consistency across devices
including tablets, kiosks, and existing POS systems, all running the same
operating system and supporting VeriFone payment services. The Intel Atom
processor is a power efficient system-on-a-chip designed specifically for
mobile devices and provides exceptional battery life.

The VeriFone and Lenovo platform is being piloted by leading retailers this
summer and will have general U.S. availability in September.

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 mobile point of sale solution integrated with the Lenovo ThinkPad Tablet
2, 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.

Intel and Atom are registered trademarks of Intel Corporation in the United
States and other countries.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$34 billion personal technology company
– one of the top two PC makers in the world and an emerging PC Plus leader –
serving customers in more than 160 countries. Dedicated to exceptionally
engineered PCs and mobile internet devices, Lenovo’s business is built on
product innovation, a highly-efficient global supply chain and strong
strategic execution. Formed by Lenovo Group’s acquisition of the former IBM
Personal Computing Division, the Company develops, manufactures and markets
reliable, high-quality, secure and easy-to-use technology products and
services. Its product lines include legendary Think-branded commercial PCs and
Idea-branded consumer PCs, as well as servers, workstations, and a family of
mobile internet devices, including tablets and smart phones. Lenovo, a global
Fortune 500 company, has major research centers in Yamato, Japan; Beijing,
Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more
information see www.lenovo.com.

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/20130625005326/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50658887&lang=en

Contact:

VeriFone Media Relations
Pete Bartolik, +1 508-283-4112
pete_bartolik@verifone.com
or
Lenovo
Adrian Horne, +33 6 88 21 98 61
adrianhorne@lenovo.com
 
Press spacebar to pause and continue. Press esc to stop.