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VeriFone Extends Taxi Payment Services to Poland

VeriFone Systems, Inc. (NYSE: PAY), today announced further growth of its international taxi services business with a contract to provide managed payment services to Glob Taxi Company of Warsaw, Poland, and its fleet of approximately 500 vehicles.

VeriFone is providing Glob Taxi with in-taxi payment systems that enable passengers to pay with credit and debit cards, contactless and NFC mobile wallets, as well as fleet cards and electronic vouchers provided by VeriFone.

“With VeriFone systems and services, Glob Taxi is able to offer passengers the most complete and convenient payment options available,” said Leszek Pajka, Glob Taxi General Director.

With this latest addition to its customer portfolio, VeriFone now provides taxi systems and services to 70,000 vehicles in 17 countries, including Australia, Singapore, the United Kingdom and the United States.

“VeriFone is first to provide a complete managed solution for taxi companies in Poland,” said Jeff Dumbrell, VeriFone executive vice president, Europe, Middle East, Africa and Asia. “Glob Taxi can now provide its drivers and passengers with the security and convenience of electronic payments, transforming the taxi experience and providing greater efficiency and profitability.”

VeriFone is providing Glob Taxi with a complete advanced payment acceptance system, which is NFC-enabled for contactless card and mobile device payments and includes an intuitive color touch screen for ease of operation. VeriFone’s managed services solution provides fleet operators and individual drivers continuous access to taxi data and efficient electronic transaction management and monitoring.

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: our ability to successfully roll out our taxi payment solutions in Poland, customer acceptance and adoption of our new solution 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.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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