Major Retail Brands Select VeriFone GlobalBay Mobile POS

New Balance and Samsonite Leverage VeriFone App on Apple Mobile Devices to Transform the Customer Experience

SAN JOSE, Calif.--()--VeriFone Systems, Inc. (NYSE: PAY) today announced that New Balance and Samsonite have joined the ranks of major retail brands that have selected VeriFone GlobalBay's Mobile Point of Sale (mPOS) solution.

VeriFone GlobalBay mPOS makes it possible engage the customer in a more meaningful way by untethering the store associate from a fixed location POS register to provide mobile checkout at the point of interaction where its really needed. VeriFone GlobalBay apps also provide store associates with access to inventory, price and product information, as well as customer purchase history and recommendations.

Jennifer Miles, VeriFone executive vice president, North America, praised the innovative ways that retail brands are utilizing VeriFone GlobalBay apps and services. “Retailers are deploying mobile apps to speed up services and transform the customer experience, leveraging secure mobile payment, online catalogs and streamlined inventory management.”

GlobalBay mPOS is part of a suite of mobile applications that are changing the ways retailer interact with their customers. By empowering store associates with easy to use sales tools and relevant customer information on mobile devices, retailers are realizing tangible ROI through increased sales while enhancing the overall shopping experience -- whether inside the store or in new selling locations outside of the store.

Samsonite and New Balance will utilize the VeriFone GlobalBay mPOS app for iPod touch. Also, VeriFone’s PAYware Mobile Enterprise card encryption solution for iPod touch provides Samsonite and New Balance with card acceptance, encryption of payment transactions and an interface with VeriFone’s PAYware Connect gateway services.

Samsonite is deploying the VeriFone GlobalBay solution to support an innovative, back-to-school initiative. “We wanted something that would enable us to get to market quickly and which simplifies the POS process,” said Robert W. Cooper, vice president and general manager, Retail, North America for Samsonite. “VeriFone GlobalBay mPOS cuts transaction time and provides consumers with better service.”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Systems, 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: customers’ acceptance and adoption of the VeriFone GlobalBay mobile POS solutions 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.

Additional Resources:
www.globalbay.com

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.

Contacts

VeriFone Media Relations
Pete Bartolik, 508-283-4112
pete_bartolik@verifone.com

Release Summary

Retail brands New Balance and Samsonite leverage VeriFone GlobalBay Mobile POS on Apple mobile devices to transform the customer experience

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Contacts

VeriFone Media Relations
Pete Bartolik, 508-283-4112
pete_bartolik@verifone.com