Global | Change

Verifone Announces Preferred Processing Partner for Retail Distribution

Verifone Holdings, Inc. (NYSE: PAY), today announced that Chase Paymentech has been selected as the preferred provider of new merchant accounts for buyers of Verifone’s PAYware Mobile iPhone card payment solution sold through Apple Retail Stores and the Apple Store online beginning April 6. April 01, 2010 San Jose, CA
PAYware Mobile Payment

Verifone Holdings, Inc. (NYSE: PAY), today announced that Chase Paymentech has been selected as the preferred provider of new merchant accounts for buyers of Verifone’s PAYware Mobile iPhone card payment solution sold through Apple Retail Stores and the Apple Store online beginning April 6.

Chase Paymentech, a subsidiary of JPMorgan Chase, is a global leader in payment processing and merchant acquiring and an ideal partner in providing merchant processing services to small businesses who purchase the PAYware Mobile card encryption sleeve for iPhone.

“Chase Paymentech will be instrumental in achieving our goal of making it as easy as possible for merchants to acquire PAYware Mobile for iPhone so they can meet their customers’ demands for a card payment option,” said Verifone CEO Douglas G. Bergeron. “No longer will these small businesses lose sales because of an inability to accept payment by credit card or ‘check’ card.”

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 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. Details of all iPhone payment transactions are available in real-time within the Merchant Portal on the payment gateway, which also enables businesses to consolidate payment reporting from multiple PAYware Mobile-equipped iPhones.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for Verifone Holdings, Inc.
This press release includes certain forward-looking statements related to Verifone Holdings, 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 Holdings, Inc. These risks and uncertainties include: the successful rollout of Verifone’s PAYware Mobile payment solution, customers’ acceptance and adoption of the PAYware Mobile solution and other 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 Holdings, Inc. (www.verifone.com)
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.