Global | Change

Verifone Smart Fuel Controller Boosts Pump Performance, Simplifies Management and Lowers Costs

Integrated Pump Interface and Signal Distribution Controller Streamlines Site Operations and Supports Multiple Dispenser Models at a Fuel Location October 21, 2009 San Jose, CA

Verifone Holdings, Inc. (NYSE: PAY), the global leader in secure electronic payment solutions, today announced the Smart Fuel Controller, providing gasoline retailers simplified pump management, better performance and more cost-effective POS integration.

Today’s competitive petroleum industry requires seamless integration between the POS and fuel dispenser to deliver exceptional value at each customer pay point. Verifone’s Smart Fuel Controller eliminates POS performance constraints inherent in some third-party pump interface devices, so that systems such as Verifone’s Ruby and Topaz XL systems can execute forecourt transactions with the same level of performance as in-store transactions.

Verifone’s Smart Fuel Controller integrates pay point management with in-store POS systems, while eliminating the need for a separate pump interface device and distribution box.

Smart Fuel Controller provides the flexibility to install additional pay points at the forecourt and simplifies installation and maintenance.

Smart Fuel Controller also offers flexibility to combine dispensers from multiple manufacturers at the same site. “Gasoline retailers now have a choice for dispenser and pay point control,” said Dan Yienger, vice president, Verifone petroleum sales. “They will be able to mix and match multiple makes and models of dispensers through a single control point, support multiple POS systems and at the same time realize improved performance across their operations.”

The system provides improved site performance, including expedited price changes, fuel pump authorizations and all end-of-shift and day closing processes. Other benefits include improved cashier performance and faster customer transactions.

Verifone provides multiple configuration options to accommodate different retailer needs and existing equipment, such as a combination pump interface and signal distribution solution, standalone pump interface device or standalone signal distribution box.

Remote access capabilities can reduce site downtime and eliminate travel for repair and maintenance by supporting remote monitoring for faster troubleshooting and diagnostics, remote software downloads and upgrades and expedited site management changes.

Accommodating the needs of large truck stops, the Smart Fuel Controller will support more than 32 fueling points and integrate fleet and retail sales and reporting capabilities onto a single platform. Merchants using fleet POS solutions for truck stop sales will be able to interface the data directly into their Verifone POS systems for integrated reporting.

The system is available now for Gilbarco fuel dispensers and support for additional brands will be rolled out in the near future. Verifone’s petroleum and convenience store solutions provide unparalleled reliability and a design and architecture to accommodate changing payment needs. The Smart Fuel Controller architecture improves performance, site management and remote diagnostics.

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About Verifone Holdings, Inc. (
Verifone Holdings, 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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Verifone Holdings, 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 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 Holdings, Inc. These risks and uncertainties include: our ability to successfully deliver innovative security solutions for protection of cardholder data, our customers' acceptance and adoption of our newly released products and applications, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, 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. 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.