Global | Change

Verifone V<span class="Superscript">x</span> 670 Pays for Home Delivery in Taiwan

President Collect Service Corporation Utilizes Wireless Payment Solution February 10, 2010 San Jose, CA

Verifone Holdings, Inc. (NYSE: PAY), today announced that its Vx 670 wireless payment solution has been deployed by President Collect Service Corporation, a Taiwan courier company, to process home delivery purchases for hundreds of merchants.

Consumers who rely on home delivery for convenience are using President Collect Service Corporation's services for online shopping and television shopping from home without having to submit card information until the goods are delivered. President Collect Service Corporation's payment-upon-delivery service ensures a safe and convenient shopping environment.

In December, President Collect Service Corporation deployed the Verifone handheld Vx 670 GPRS wireless payment systems for their delivery services in Taiwan. Launched in 2009, President Collect Service Corporation has enrolled hundreds of merchants for home delivery services. Service is available in Taipei and Keelung, as well as remote areas such as Kinmen and Penghu.

"Many consumers are still reluctant to provide payment card information online and over the telephone, so Verifone's wireless payment systems make it easy to accept card payments upon delivery," said Brien Jen, Manager of the Merchandise & System Team with President Collect Service Corporation.

"We commend President Collect Service Corporation in their efforts to extend electronic card payments to the home," said Zvi Mitlanski, Vice President and General Manager of Verifone ASPAC. "Verifone's Vx 670 is the industry's smallest all-in-one wireless handheld payment system and an ideal solution for home delivery services."

The Vx 670 is a sleek and secure handheld payment device designed specifically for wireless, customer-facing payment. Verifone's MAXui design provides the largest user interface in the smallest form factor with a large, white backlit display and large blue backlit keys. In addition, it is rugged, drop-resistant, and spill-resistant to hold up to the most demanding conditions.

About President Collect Service Corporation
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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 successful rollout of the Vx670 solution with President Collect Service Corporation, customers' acceptance and adoption of the Vx670 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.