VeriFone PAYware Mobile Enterprise Provides Test Bed for Oracle Retail Mobile Point-of-Service

SAN JOSE, Calif.--(BUSINESS WIRE)--Oracle’s Retail Mobile Point-of-Service, announced this week, was developed using the PAYware Mobile Enterprise solution and software development kit, VeriFone Systems, Inc. (NYSE: PAY) announced today.

“Oracle’s use of PAYware Mobile Enterprise in its product development reflects VeriFone’s commitment to provide partners and retailers with versatile payment solutions that are customizable and adaptable”

PAYware Mobile Enterprise for Tablet and Touch incorporates an encrypted card reader and bar code scanner for use with iPod touch and iPad, providing retailers with a complete mobile solution that can integrate with existing point-of-sale infrastructure to enable a better shopping experience.

VeriFone’s PAYware Mobile Enterprise for iPod touch provided Oracle with support for the most forms of payment acceptance, including NFC and EMV, in addition to regular magnetic stripe credit and debit cards. PAYware Mobile Enterprise works with all forms of electronic payment including magnetic stripe, chip and PIN, and contactless/NFC-enabled cards and phones. The barcode scanner makes product-scanning, couponing and inventory tasks a snap.

“Oracle’s use of PAYware Mobile Enterprise in its product development reflects VeriFone’s commitment to provide partners and retailers with versatile payment solutions that are customizable and adaptable,” said Jennifer Miles, VeriFone executive vice president, North America. “VeriFone is at the center of the new mobile retail landscape, providing all the components needed to reinvent checkout -- from gateway services to software and firmware upgrades.”

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 support the Oracle Retail Mobile Point-of-Service, 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.