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RBS Worldpay and Verifone Target Mobile Merchants with PAYware Mobile

RBS WorldPay today announced during the Electronic Transactions Association (ETA) conference in Las Vegas, Nevada that it has been selected as a preferred provider of merchant accounts for buyers of Verifone’s PayWare Mobile card payment solution for the iPhone. April 15, 2010 Las Vegas, NV

RBS WorldPay today announced during the Electronic Transactions Association (ETA) conference in Las Vegas, Nevada that it has been selected as a preferred provider of merchant accounts for buyers of Verifone’s PayWare Mobile card payment solution for the iPhone.

As the fastest growing leading provider of electronic payments in the United States, RBS WorldPay will market PAYware Mobile through its multiple channels, including its nationwide direct and ISO sales forces and via the web.

“Verifone’s PAYware Mobile provides businesses with simple and secure card processing capabilities using a terrific iPhone App.” said Ian Drysdale, senior vice president of product and business development at RBS WorldPay. “This is a unique solution that particularly appeals to both micro-merchants and also to mobile merchants seeking increased functionality and simplicity.”

“With multiple sales channels and proven expertise providing payment solutions, RBS Worldpay is well-positioned to market Verifone’s PAYware Mobile card encryption sleeve to both traditional and non-traditional merchants,” said Paul Rasori, Verifone senior vice president, marketing.

Verifone’s sleek and durable card reader slips over iPhone to accommodate card swipes and allow merchants to avoid high-cost “card-not-present” fees. It incorporates a stylus for signature capture and a mini-USB port for charging iPhone while the ergonomic reader is attached.

The PAYware Mobile card encryption sleeve incorporates Verifone’s end-to-end encryption technology, which encrypts each transaction from the time of card swipe until it reaches RBS WorldPay, and ensures secure payment processing. Users also gain access to the PAYware Connect gateway, a fully customizable and reliable gateway service that's ideal for small businesses.

About RBS WorldPay, Inc.
RBS WorldPay is a leading, single-source provider of electronic payment processing services – including credit, debit, EBT, checks, gift cards, e-commerce, customer loyalty cards, fleet cards, ATM processing and cash management services.

RBS WorldPay is the US-based payment processing division of the Royal Bank of Scotland Group plc. For more information, please visit www.RBSWorldPay.us.

About The Royal Bank of Scotland Group (RBS)
The RBS Group is a financial services company providing a range of retail and corporate banking, financial markets, consumer finance, insurance, and wealth management services. The RBS Group operates in the Americas, Asia and the Middle East serving more than 40 million customers. For more information, please visit www.RBS.com.

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.