VeriFone Blends Consumer Electronics Style Design and Unparalleled Connectivity in Revolutionary Portable Payment Terminal

  VeriFone Blends Consumer Electronics Style Design and Unparalleled
  Connectivity in Revolutionary Portable Payment Terminal

Bluetooth, 3G and Wi-Fi communications enable merchants to accept all types of
          payments in any environment with a sleek handheld terminal

To tweet this news, copy and paste http://bit.ly/PYhcVu to your Twitter handle
                      with the hashtag #EMV #BluetoothLE

TRANSACT 14

Business Wire

LAS VEGAS -- April 9, 2014

(ETA TRANSACT 2014, Booth #605) - VeriFone Systems, Inc. (NYSE: PAY) announced
today the VX 690—its first handheld EMV-capable payment terminal featuring
Bluetooth, 3G radio and Wi-Fi connectivity for fast transactions and flexible
payment capabilities. The terminal’s size, design and multiple connection
capabilities meets merchants’ mobile point of sale (mPOS) demands—especially
in North America, Australia and parts of Asia—where 3G connectivity is
increasingly required for payment device acceptance.

VeriFone's new EMV-capable VX 690 will accommodate chip cards as merchants and
processors begin migr ...

VeriFone's new EMV-capable VX 690 will accommodate chip cards as merchants and
processors begin migration to that authentication standard. The
consumer-friendly mobile payment terminal supports PIN, signature and other
payment methods such as NFC contactless. (Photo: Business Wire)

“It is no secret that merchants increasingly want a user experience that
parallels that of a consumer electronics device,” said Bill Nelson, executive
vice president of Global Product Management for VeriFone. “The VX 690 achieves
this goal while providing 3G connectivity that is critical in many markets
where 2G networks are transitioning to 3G. The user experience of the terminal
combined with its robustness, flexibility, and technical communication
capabilities will not only enable payments today—it will enable commerce
tomorrow.”

Enhanced Communication Flexibility

The VX 690’s Bluetooth, 3G radio and Wi-Fi combination provides fast, wireless
payment convenience as well as fewer dropped transactions in virtually every
type of merchant environment. Dual SIM functionality enables the terminal to
quickly connect to different networks to keep transactions moving, while
built-in GPS allows merchants to track the location of every transaction,
providing greater visibility into operations and inventory across multiple
stores.

The terminal is PCI PTS 3.0 compliant and features built-in security
protection that includes end-to-end encryption to protect data at every point
of the transaction.

Simple, Consumer Electronic Style Design

The VX 690’s simple, handheld design is similar to consumer technologies and
easily fits on countertops and in users’ hands. Its built-in functionality
includes:

  *3.5" capacitive touch display that allows merchants to enable commerce
    with marketing messages via video streaming and audio capabilities
  *Single micro-USB connector for added convenience and functionality
  *EMV capability for supporting PIN, Signature, and no Cardholder
    Verification Method (CVM)
  *NFC capability to support contactless and mobile wallet transactions
  *Bluetooth Low Energy (BLE) support
  *Peripheral capability for potential future expansion, including biometric
    scanner/barcode reader

“Virtually all consumers use portable technologies providing enormous
capabilities in their day-to-day lives. Using these technologies has become
second nature, not only because of their practicality, but because they
present advanced functionality in a brilliant, yet simple package that is easy
to use,” said Nelson. “The VX 690’s purpose-driven design merges advanced,
secure mPOS capabilities with the type of sleek and simplistic form factor
that is familiar to consumers and can help merchants improve the customer
experience.”

The VX 690 from VeriFone is expected to be available in late 2014.

Additional Resources

  *VX Evolution platform
  *How mPOS can help kick start holiday sales
  *VeriFone’s Retail Boot Camp

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995 for VeriFone Systems, Inc

This press release includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations or beliefs and on
currently available competitive, financial and economic data 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., including many factors beyond our
control. These risks and uncertainties include, but are not limited to, those
associated with: the successful rollout of the VX 690 solution, execution of
our strategic plan and business initiatives and whether the expected benefits
of our plan and initiatives are achieved, short product cycles and rapidly
changing technologies, our ability to maintain competitive leadership position
with respect to our payment solution offerings, our assumptions, judgments and
estimates regarding the impact on our business of the continued uncertainty in
the global economic environment and financial markets, our ability to
successfully integrate acquired businesses into our business and operations,
our ability to protect against fraud, the status of our relationship with and
condition of third parties such as our contract manufacturers, distributors
and key suppliers upon whom we rely in the conduct of our business, our
dependence on a limited number of customers, the conduct of our business and
operations internationally, our ability to effectively hedge our exposure to
foreign currency exchange rate fluctuations, and our dependence on a limited
number of key employees. For a further list and description of the risks and
uncertainties affecting the operations of our business, 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. The forward-looking statements
speak only as of the date such statements are made. 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.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20140409005105/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50840386&lang=en

Contact:

VeriFone, Inc.
Andy Payment, +1 770-754-3541
andy.payment@verifone.com
 
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