Global | Change

Verifone Appoints Charles Rinehart to Board of Directors

Verifone Holdings, Inc. today announced the appointment of Charles R. Rinehart to its Board of Directors. May 25, 2006 San Jose, CA
San Jose, CA - May 25, 2006 - Verifone Holdings, Inc. (NYSE: PAY), the world's leading provider of electronic payment solutions, today announced the appointment of Charles R. Rinehart to its Board of Directors. Mr. Rinehart served as Chairman and CEO of H. F. Ahmanson, a former Fortune 500 company and parent company of Home Savings of America, from 1993 to 1998 when it was sold to Washington Mutual Bank.

Mr. Rinehart has previously served as a director of Kaufman and Broad, Union Bank of California, the Federal Home Loan Board of San Francisco, and PacifiCare.

Douglas G. Bergeron, Chairman and CEO of Verifone, said: "We are delighted to have Charlie Rinehart on our board. He is a highly respected financial services executive and director and will bring additional experience and depth to the Verifone board as we expand our operations worldwide.”

Mr. Rinehart is a graduate of the University of San Francisco and served in the US Army as an officer in the 82nd Airborne Division.

About Verifone Holdings, Inc.
Verifone Holdings, Inc. (“Verifone”) (NYSE: PAY), a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. Verifone delivers solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. Verifone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and healthcare.