Global | Change

Verifone Announces New Corporate Name

Verifone Holdings, Inc. (NYSE: PAY), today announced it has formally changed its corporate name to Verifone Systems, Inc. May 18, 2010 San Jose, CA

Verifone Holdings, Inc. (NYSE: PAY), today announced it has formally changed its corporate name to Verifone Systems, Inc. Henceforth all corporate information will be issued in the name of Verifone Systems, Inc. The name change does not otherwise affect the company’s outstanding stock certificates, and the company’s common shares will continue to trade on the New York Stock Exchange under the stock symbol “PAY”.

“Verifone Systems more appropriately reflects the business identity we have established as the global leader in delivering electronic payment systems solutions to the marketplace,” said Verifone CEO Douglas G. Bergeron. “We continue to proudly serve our customers operating under the Verifone banner.”

The company’s core business entity will continue to operate as Verifone, Inc.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Verifone Systems, Inc.
This press release includes certain forward-looking statements related to Verifone Systems, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on Verifone 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 Systems, Inc. These risks and uncertainties include: the general acceptance of the new Verifone Systems, Inc. corporate name, customers’ acceptance and adoption of new product and service offerings, 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.

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.