Grab A Cab, Ride With Points: American Express And Verifone Put Membership Rewards® Points In The Backseat Of NYC Taxi Cabs

  Grab A Cab, Ride With Points: American Express And Verifone Put Membership
               Rewards® Points In The Backseat Of NYC Taxi Cabs

American Express Rolls Out Industry-First Tech Integration with VeriFone that
Expands How and Where Membership Rewards Points Can be Redeemed - Now at the
Point of Sale

PR Newswire

NEW YORK, Oct. 21, 2013

NEW YORK, Oct. 21, 2013 /PRNewswire/ -- American Express (NYSE: AXP) and
VeriFone Systems, Inc. (NYSE: PAY) today announced a new partnership that
enables eligible Card Members to use Membership Rewards points from American
Express for their fare in NYC taxi cabs – in real-time, on the Taxi TV screen
at the end of the ride.

(Photo: http://photos.prnewswire.com/prnh/20131021/SF00692)

The program will roll out on VeriFone's in-taxi devices that process more than
200,000 payments a day in more than 7,000 cabs throughout NYC. And today's
announcement means these VeriFone taxi cabs can accept Membership Rewards
points, just as they already accept credit card payments. 

At the end of the ride, Card Members who have chosen to pay with "Credit" will
be prompted by the Taxi TV screen to swipe their Card, as usual. When American
Express Card Members swipe an eligible Card enrolled in the Membership Rewards
program – and if there are enough points in their account – they will receive
an on-screen prompt giving them the option to use points for their ride fare,
including tip and tolls.

"Our world-class Membership Rewards program is valued by our most loyal and
engaged Card Members and merchants. With this announcement, we're leveraging
our unique technology to bring it to life at the most critical commerce
touchpoint – the physical point of sale," said Leslie Berland, senior vice
president, Digital Partnerships and Development at American Express. "As
acompany with 163 years of roots in lower Manhattan,itmeans even more to be
able todebut this new utility inthe iconicNew Yorkyellow cabs in
partnership with VeriFone."

"Today in partnership with American Express, VeriFone is demonstrating once
again the ability of its platform to serve as the quickest path to creating
new consumer choice, engagement and value at the physical point of sale," said
Amos Tamam, senior vice president, Taxi Systems at VeriFone."Whether mobile
wallets, alternative payments or value-added services, VeriFone can deliver
any technology that merchants want and consumers use."

How to Ride with Points:

  oNYC cabs that accept Membership Rewards points for redemption will feature
    a video explaining the program immediately following the Taxi and
    Limousine Commission welcome message on the Taxi TV screen.
  oAt the end of the ride, Card Members follow the existing prompts to choose
    "Credit," add a tip and then swipe or tap an eligible American Express^®
    Card.
  oBefore the payment is processed, Card Members will be shown the number of
    points required to redeem for the ride, and on-screen buttons labeled "Use
    Points" or "No Thanks." Card Members that choose "Use Points" will receive
    on-screen confirmation that the points have been redeemed. If a Card
    Member chooses "No Thanks," or does nothing, the payment will be processed
    as usual.

Flexible Rewards for Purchases Big and Small
Card Members already use Membership Rewards points for travel, retail
purchases and special access to events and entertainment. Today's development
builds on American Express' commitment to meeting the needs and preferences of
Card Members, whether that means redeeming thousands of points for a vacation
to Italy or hundreds of them for a ride to Little Italy.

NYC: If You Can Make it There…
New York City yellow taxis powered by VeriFone provide transportation to more
than 300,000 New Yorkers and visitors per day, and 100 million per year. For
merchants, this type of program opens up potential opportunities to generate
repeat business by delivering payment flexibility to Card Members on the go.

About the Membership Rewards Program
The Membership Rewards program from American Express offers more than a
million rewards from more than 500 brands. The program allows Card Members to
earn one point for virtually every dollar charged on eligible, enrolled
American Express Cards, with many opportunities to earn points faster.
Membership Rewards points are redeemable in a wide selection of reward
categories. Points have no expiration date, and there is no limit on the
number of points a Card Member can earn. For more information about the
Membership Rewards program, visit:membershiprewards.comor call
1-800-AXP-EARN (297-3276).

About American Express
American Express is a global services company, providing customers with access
to products, insights and experiences that enrich lives and build business
success. Learn more at americanexpress.com and connect with us on
facebook.com/americanexpress, twitter.com/americanexpress and
youtube.com/americanexpress.

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.

SOURCE American Express

Website: http://www.americanexpress.com
Contact: Amy Marino, 347.224.9394, amy.marino@aexp.com