Verifone Launches Engage V400c, the First Touchscreen Countertop in Next Generation Family

Meeting market demand for easy-to-use, smart touchscreen experiences at the point of sale, Verifone (NYSE: PAY) today announces Engage V400c, the first touchscreen countertop solution in the Engage family. Enhancing the Engage lineup of countertops and PIN pads, this new solution is ideal for any small to midsized business (SMB) in a variety of environments including retail, hospitality, drugstore, casual restaurant, and convenience store.

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Verifone Launches Engage V400c, the First Touchscreen Countertop in Next Generation Family (Photo: Business Wire)

Moneris Solutions Corporation (‘Moneris’), Canada’s largest processor of debit and credit payments, will be one of the first to offer the Engage V400c to its customers across the country as part of its next generation device strategy.

"Moneris is committed to delivering market-leading products and solutions that can meet the need of any Canadian business,” said Patrick Diab, vice-president, product and client solutions at Moneris. "Verifone’s V400c will help Moneris deliver new, innovative and flexible point-of-sale solutions that offer a secure, consistent and feature-rich experience for our customers.”

"With more and more consumers conditioned by touchscreens on smartphones, tablets and laptops, Verifone offers a vibrant, interactive color display that supports chip and PIN and contactless to accept a variety of digital wallets such as Apple Pay, Google Pay, and Samsung Pay,” said Julie Johnson, SVP of Global Product Management, Verifone. "Consumers will also experience speedier checkout when they run in to pick up their prescriptions at the drugstore or refreshments at the nearest convenience store with a fast receipt printer.”

The V400c offers additional key features including:

• Single cable connection for easier handling and less clutter
• Bluetooth 4.2 with BLE to support beacons and personalized content
• Best-in-class PCI 5.x and SRED security standards

As with any Verifone Engage device, the V400c is designed for Verifone Connect, an integrated global product that empowers merchants to better manage their businesses with next-generation software and services. Key features include payment services, estate management, marketplace with merchant and consumer-facing apps, and new device onboarding and purchasing.

Verifone V400c will be available first in North America and Europe. To demo this new product and all Verifone solutions, please visit Booth #826 at ETA Transact Las Vegas from April 17-19, 2018.

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: successful rollout of Verifone Engage V400c in North America and Europe, 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. We may also provide material information about us on our investor relations website at www.ir.verifone.com, in company press releases and in social media postings. 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 Verifone

Verifone is transforming every day transactions into new and engaging opportunities for merchants and consumers at the last inch of payments and commerce. Powered by a growing footprint of more than 30 million devices in more than 150 countries, our people are trusted experts working with the world’s best-known retail brands, financial institutions, and payment providers. Verifone is connecting more products to an integrated solutions platform to better meet the evolving needs of our clients and partners. Built on a 35-year history of uncompromised security, we are committed to consistently solving the most complex payment challenges. Verifone.com | (NYSE: PAY) | @verifone.

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