Global | Change

Verifone Receives NACHA’s 2015 George Mitchell Payments System Excellence Award

NACHA recognizes Verifone for education and promotion of EMV readiness among merchants. April 23, 2015 SAN JOSE, CA

george-mitchell-award-2015Verifone (NYSE:PAY) announced today that it was presented with the 2015 George Mitchell Payments System Excellence Award—an award given annually by NACHA—The Electronic Payments Association®.

The award is named after former vice-chair of the Board of Governors of the Federal Reserve, George Mitchell, an early proponent of electronic payments. It honors an individual or organization that has shown superior leadership in the development, implementation or advancement of domestic or international electronic payments.

Verifone received the award for its leadership in user education and readiness in support of EMV, according to NACHA. Verifone’s proactive and comprehensive advocacy has helped merchants, financial institutions and other industry partners prepare for and more precisely understand the role, value and implications of EMV in the broader context of a sound, multilayered security approach.

“We are tremendously honored to be presented with this prestigious award,” said Jennifer Miles, president, Verifone Americas. “Verifone is committed to helping its merchants and partners solve payments complexity, and being publicly recognized by NACHA validates this commitment, which is behind all of our previous and future efforts and industry collaboration aimed at helping to streamline the U.S. migration to EMV.”

“NACHA is proud to recognize Verifone as a recipient of the George Mitchell Payments System Excellence Award,” said Janet O. Estep, president and CEO of NACHA. “Verifone has contributed significantly to leadership and excellence in payments by finding innovative ways to evolve its processes and products to meet the needs of a changing payments industry.”

The award is part of NACHA’s Payments System Awards, which recognize the highest degree of achievement in the development, implementation and advancement of electronic payments. These prestigious awards celebrate excellence, outstanding accomplishments and superior leadership in innovation to further the ACH Network.

Verifone and other recipients of the 2015 Payments System Awards were recognized during the Payments System Awards Luncheon, sponsored by TD Bank N.A., at PAYMENTS 2015, in New Orleans, Louisiana. PAYMENTS is the largest and most comprehensive education event for the payments industry. To learn more, visit


Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, Inc.

This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and on currently available competitive, financial and economic data 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., including many factors beyond our control. These risks and uncertainties include, but are not limited to, those associated with: market acceptance of our product and services offerings, execution of our strategic plan and business initiatives and whether the expected benefits of our plan and initiatives are achieved, short product cycles and rapidly changing technologies, our ability to maintain competitive leadership position with respect to our payment solution offerings, our assumptions, judgments and estimates regarding the impact on our business of the continued uncertainty in the global economic environment and financial markets, our ability to successfully integrate acquired businesses into our business and operations, our ability to protect against fraud, the status of our relationship with and condition of third parties such as our contract manufacturers, distributors and key suppliers upon whom we rely in the conduct of our business, our dependence on a limited number of customers, the conduct of our business and operations internationally, our ability to effectively hedge our exposure to foreign currency exchange rate fluctuations, and our dependence on a limited number of key employees. For a further list and description of the risks and uncertainties affecting the operations of our business, 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. The forward-looking statements speak only as of the date such statements are made. 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 PAYMENTS 2015

PAYMENTS 2015, which is taking place April 19-22 at the New Orleans Morial Convention Center in New Orleans, Louisiana, features more than 130 educational sessions and workshops with renowned speakers from financial institutions, corporations, government agencies, legal and regulatory bodies, consulting and research firms, service providers and more. Sessions are organized along seven tracks — the ACH Network, Card Payments, Digital/Mobile, End User Experience, Game Changers & Disruptors, Risk & Security and Strategy – to address the topics of pivotal importance to payments professionals. In addition, a dynamic exhibit hall of nearly 100 industry leaders features today’s top products and services. To learn more about PAYMENTS 2015 sessions, workshops, speakers, sponsors and exhibitors, or to register, visit

About NACHA—The Electronic Payments Association

Since 1974, NACHA—The Electronic Payments Association has served as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 financial institutions in the U.S. The Network, which moves money and information directly from one bank account to another, supports more than 90 percent of the total value of all electronic payments in the U.S. Through its collaborative, self-governing model, education, and inclusive engagement of ACH Network participants, NACHA facilitates the expansion and diversification of electronic payments, supporting Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit payments, recurring and one-time payments; government, consumer and business transactions; international payments, and payments plus payment-related information. Through NACHA’s expertise and leadership, the ACH Network is now one of the largest, safest, and most reliable systems in the world, creating value and enabling innovation for all participants. Visit for more information.

About Verifone

Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting more than 27 million payment devices to the cloud — merging the online and in-store shopping experience and creating the next generation of digital engagement between merchants and consumers. We are built on a 30-year history of uncompromised security. Our people are known as trusted experts that work with our clients and partners, helping to solve their most complex payments challenges. We have clients and partners in more than 150 countries, including the world’s best-known retail brands, financial institutions and payment providers. | (NYSE: PAY) | @verifone

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Alex Shorter
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