VeriFone POS Software Platform Now Offered by 100 ISOs and Acquirers

  VeriFone POS Software Platform Now Offered by 100 ISOs and Acquirers

  Nearly half of the top ISOs offer GlobalBay Merchant to meet mPOS needs of
                                     SMBs

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2014 ETA Annual Meeting

Business Wire

LAS VEGAS -- April 9, 2014

(ETA TRANSACT 2014, Booth #605) - VeriFone Systems, Inc. (NYSE: PAY) announced
today that its network of channel partners offering GlobalBay Merchant to
small and medium businesses (SMBs) has expanded to 100 ISOs and acquirers.
Thirty of the partners are included in The Nilson Report’s list of the top
ISOs in the U.S.

Top ISOs are meeting mobile POS needs of small and medium-sized businesses
with VeriFone's GlobalBay ...

Top ISOs are meeting mobile POS needs of small and medium-sized businesses
with VeriFone's GlobalBay Merchant -- a customizable mPOS solution tailored
specifically for SMBs and is built for distribution solely through VeriFone
channel partners. (Photo: Business Wire)

“The rapid expansion in the number of partners offering GlobalBay Merchant is
due to increasing competition from merchant-direct mPOS solutions, which do
not come with the expertise and support demanded by merchants,” said Shan
Ethridge, vice president and general manager, North America Financial Services
Group, VeriFone. “GlobalBay Merchant enhances ISOs and acquirers’ offerings
with a turnkey mPOS solution and support infrastructure that meets the needs
of their clients—a competitive advantage validated by our quick achievement of
this reseller milestone.”

Built for VeriFone Channel Partners

A customizable mPOS solution tailored specifically for SMBs, GlobalBay
Merchant is built for distribution solely through VeriFone channel partners.
It provides acquirers and ISOs with secure, easy-to-use payment capabilities
and defined interfaces, so that vertical market or customer-specific programs
can be rapidly deployed using tablets. It also provides a complete support
infrastructure, including VeriFone’s 24/7 help desk and automated on-boarding
processes.

This customizable solution allows ISOs and acquirers to create their own
pricing schedules and configure their own unique mPOS offerings capable of
routing transactions to all major processors. GlobalBay Merchant also features
secure encryption and tokenization for enhanced payment security, and can
integrate with VeriFone terminals, including those with consumer-facing
multimedia capability, to ensure access to the latest payment technology,
including EMV adoption, mobile wallets and value-added services.

Designed for Merchants

GlobalBay Merchant provides SMBs with advanced features that enable them to
extend the POS beyond the counter and enhance efficiency, including:

  *Easy to use, intuitive user interface that makes it fast and easy to train
    new personnel
  *Support for multiple stores, multiple devices per store, and multiple
    employees
  *Adding and tracking inventory, scheduling appointments in-store or online
  *Tracking employee time, commissions, and tips
  *Sophisticated reporting capabilities, including multi-store consolidation,
    via a web portal
  *Access to value-added services and all major payment networks and payment
    processors

Additional Resources

  *WHITEPAPER: Tablet POS broadens opportunities for merchant payments
  *GlobalBay Merchant landing page
  *GlobalBay Merchant on YouTube
  *Download GlobalBay Merchant for iOS

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: market acceptance of our GlobalBay Merchant 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/20140409005312/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50840832&lang=en

Contact:

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