Global | Change

Verifone Licenses Taxi Media & Payment Technology in South Africa

iMobilise Transportation Systems to Deploy Card Acceptance and In-Vehicle Advertising Systems Across Country in Time for World Cup January 07, 2010 San Jose, CA

Verifone Holdings, Inc. (NYSE: PAY), today announced a licensing agreement for deployment of its taxi payment and media solutions in South Africa. The agreement with iMobilise Transportation Systems Popup (iMTS) will modernize taxis in time for the World Cup in June.

iMTS anticipates installation of Verifone systems in 1,500 taxis in the urban centers of Johannesburg, Durban and Cape Town. Deployments will begin this spring and provide passengers with the latest in passenger information technology and payment options including credit cards, Chip and PIN-based debit, and contactless.

"Our solutions enhance the customer experience by providing them with their preferred payment options and access to multimedia content during their trips," said Verifone CEO Douglas G. Bergeron. "These systems ensure the convenience of card payments and offer real-time media delivery that provides advertisers with a compelling new venue for digital content."

Verifone has deployed transportation systems around the world, from Istanbul to Singapore to New York City, and supports both EMV and non-EMV bank-issued cards as well as closed-loop cards.

Verifone's taxi payment and information systems ensure the convenience of card payments and offer real-time media delivery that provides advertisers with a compelling new venue for digital content.

Verifone Transportation Systems provides the next generation in mobile payment and transportation automation solutions, enabling mobile payment, navigation, dispatch, text messaging, and real-time information delivery capabilities to taxi fleets.

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.

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 successfully deployment of our payment systems and media solutions with iMobilise Transportation Systems, our 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.