Global | Change

Russian Post Selects Verifone SC 5000 Payment System

Verifone Holdings, Inc. today announced that the Verifone SC 5000 system has been selected by Multifunctional Processing Company LLC for use by Federal State Enterprise Russian Post as its approved payment solutions for all branches across the Russian Federation. January 23, 2007 San Jose, CA

SC 5000 Secure Consumer-Facing Payment Acceptance Solution to be Deployed in All Branches Across Russia

Verifone Holdings, Inc. (NYSE: PAY) today announced that the Verifone SC 5000 system has been selected by Multifunctional Processing Company LLC for use by Federal State Enterprise Russian Post as its approved payment solutions for all branches across the Russian Federation.

Russian Post in partnership with Moscow-based MPC has purchased 13,000 units of Verifone’s highly secure SC5000 system from INPAS, a Verifone International Partner in Russia and the Commonwealth of Independent States. Russian Post and MPC are providing payment card acceptance and other EFT services based on payment technology in post offices across Russian Federation. MPC is a long-term partner of Russia Post.

“The combination of our unrivalled expertise in this market, Verifone’s industry-leading solutions and specific software support from INPAS offered the right solution for Russian Post with great perspectives,” said MPC General Director Andrey Khorobryh. “We look forward to working with Verifone and INPAS to deliver this major implementation.”

“Our partnership with INPAS continues to deliver great success in the Russian market. To be selected as the approved payment partner in project for Russian Post is a key milestone in Verifone’s established leadership in this territory,” said Nigel Bidmead, managing director of Verifone EMEA.

The RoHS-compliant SC 5000 is a lightweight, ergonomic system that can be mounted or handed to customers for credit, debit, EMV or other PIN-based transactions. The PCI PED approved, space-saving system provides the flexibility of supporting EMV smart card, loyalty, and stored value transactions while readily integrating with existing POS systems.

About Verifone Holdings, Inc.
Verifone Holdings, Inc. (“Verifone”) (NYSE: PAY; TASE: 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.