Global | Change

Verifone Exclusive Payment Solutions Supplier for Newly Opened Marina Bay Sands Resort

Range of Payment Systems Deployed Throughout Hotel and Casino at Asia’s Premier Destination September 20, 2010 San Jose, CA
Marina Bay Sands

Verifone Systems, Inc. (NYSE: PAY), today announced that its payment solutions have been deployed exclusively to serve customers at the recently opened Marina Bay Sands Hotel and casino in Singapore.

With over 2,500 rooms and suites, the three towers of the Marina Bay Sands Hotel is the biggest hotel in Singapore and, together with the casino resort and a conference centre, is Asia’s leading destination for business, leisure and entertainment.

Selected by two of Asia’s financial institutions, Verifone EMV-approved solutions are being used throughout the resort, including the multimedia device, MX 870 for check-in and check-out at the hotel towers, to a range of systems installed to efficiently collect government-mandated entry levy required of Singapore residents.

“Marina Bay Sands is the premier showcase in Asia and we’re pleased that Verifone has been selected as the key payment system provider for the resort,” said Zvi Mitlanski, Vice President & General Manager, Verifone Asia Pacific.

Verifone’s Vx 570, Vx 510, Vx 810 PINpad, Vx 810 contactless and signature capture devices are deployed to provide a comprehensive mode of payment acceptance such as Visa, MasterCard, Amex, Diner’s, JCB, NETS Debit, NETS FlashPay, etc.

Verifone provides a full range of countertop payment solutions to comply with global and regional mandates and meet the needs of merchants worldwide. From payment to advanced EMV and multi-application devices, all of the devices are designed to be compact, easy to install and easy to use.

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 successful installation and rollout of Verifone's products at the customer site, customers’ acceptance and adoption of Verifone's new security solutions 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 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.