Global | Change

Beall’s Selects Next-Generation Verifone Multimedia Payment System

Sunbelt Retail Chain Opts for Verifone MX 915, NFC and EMV Enabled Consumer-Facing Payment Solution August 13, 2012 SAN JOSE, CA

MX 915Verifone Systems, Inc. (NYSE: PAY), today announced it has been awarded a contract to supply the Beall’s, Inc., retail chain with the recently introduced MX 915, Verifone’s advanced payment and media-enabled solutions system in a space-saving form factor. Beall’s also will be complementing the MX 915 with Verifone HQ, an advanced estate management solution allowing them to easily keep stores up to date with evolving payment and mobile solutions.

Introduced in January, the MX 915 is one of the first models in the new customer-facing MX 900 series, with a brilliant 4.3" color display, powerful processor and generous memory. MX 900 Series systems provide the broadest compatibility available with rapidly evolving mobile/NFC wallets, EMV smartcards, and alternative payment methods, and easily adapt as more payment methods are introduced.

“We were delighted with MX 915 and the alignment with our store systems modernization project to provide flexible payment solutions to our family of Outlet stores”, said Dave Massey SVP/CIO. “As a customer facing device, we are pleased with the new sleek lines of the device and the crisp color display. From the technical perspective, this solution sets the framework for Beall’s to readily adapt to future mobile/NFC and EMV supporting a full complement of payment transactions. Additionally, Beall’s will be taking advantage of the Verifone HQ software to facilitate our management of these devices.“

Beall's, Inc. is the parent company of Beall's Department Stores, Inc, Beall's Outlet Stores, Inc., and Burke's Outlet Stores, LLC. The corporation, through its subsidiaries, operates over 530 retail store sites in states across the Sun Belt, from Florida to California.

“Beall’s recognizes that multimedia-enabled payment solutions create intelligent interaction between retailers and consumers,” said Jennifer Miles, Verifone executive vice president, North America. “With Verifone’s MX 900 series, retailers are prepared for the new era of NFC apps and EMV payments and can push relevant content to consumers on the fly, accept mobile wallets, offer digital couponing and loyalty programs, and connect with location-based social media.”

Additional Resources:
Next-generation platform: Verifone MX 900

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 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 rollout of Verifone’s Mx 900 series payment solutions, customers’ acceptance and adoption of the Mx 900 series 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.