VeriFone Strengthens Integrated Retail Systems Management Team

SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Holdings, Inc. (NYSE: PAY) today announced that it has strengthened its Integrated Systems and Retail Systems management teams with the addition of three former senior Hypercom executives.

“Their move to VeriFone is an affirmation of our current retail strategy, innovative product offerings and the momentum we have established in the retail market.”

Walter Allen, formerly general manager for Hypercom’s Multi-lane Retail Business, joins VeriFone as director of business development, reporting to Bud Waller, EVP of Integrated Solutions for VeriFone. Allen will be responsible for bringing to market unattended payment solutions, mobile payment devices and enterprise payment software based on products recently acquired in VeriFone’s acquisition of Lipman and the payments systems business of Trintech. Additionally, he is responsible for developing the professional services offerings and cultivating the third party relationships necessary for VeriFone’s continued success in these markets.

Marty Widmann, who was responsible for solution engineering and sales support at Hypercom, assumes the same role at VeriFone, reporting to Jennifer Miles, general manager of Integrated Retail Solutions. Widmann will be responsible for the design and solutions engineering for new solutions and services that VeriFone will be launching in 2007.

Joe Biondi, who was the number one multi-lane retail salesperson for Hypercom the last seven years, joins VeriFone as an account executive responsible for several tier-one retail accounts and strategic partners. Biondi also reports to Jennifer Miles.

“These three individuals each have more than 20 years of retail payment systems experience, and have prided themselves on providing customers with superior payment solutions,” said Waller. “Their move to VeriFone is an affirmation of our current retail strategy, innovative product offerings and the momentum we have established in the retail market.”

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.