Toshiba Global Commerce Solutions Certifies VeriFone Terminals for Point of Sale Software Widely Used by Grocers

NEW YORK--(BUSINESS WIRE)--

(NRF 2014 Booth #2855) - VeriFone Systems, Inc. PAY, announced today that its MX 915 and MX 925 consumer-facing, multi-media payment terminals have been certified by Toshiba Global Commerce Solutions, Inc., for use and support with Toshiba's SurePOS Application Client/Server Environment (ACE) software. SurePOS ACE software is widely used at the point of sale (POS) by retail grocers and other retailers in the U.S.

Toshiba will support VeriFone's MX 915 and MX 925 payment terminals for customers with current software maintenance on Toshiba ACE/EPS Version 7 Release 3 and later.

“Toshiba represents the largest percentage of installed POS systems, and the VeriFone MX product line is the de facto standard in retail card acceptance, as it is used by 19 of the top 20 supermarkets in the U.S.,” said Joe Mach, senior vice president and general manager of Vertical Solutions for VeriFone. “Retailers that use Toshiba SurePOS ACE now have the option to seamlessly integrate the MX 915 and MX 925 to help further increase customer satisfaction, speed checkout lanes, reduce costs and help drive new revenue. Helping retailers expand commerce in such a way demonstrates the flexibility of the MX solution for use in any retail environment.”

VeriFone works with partners and retailers to ease the integration of almost any new payment technology and meet the changing needs of consumers. The VeriFone MX 900 Series of payment terminals, which are NFC-enabled and support EMV-approved chip and PIN payments, provide an enhanced customer experience at the POS.

The MX 925 features a stunning color display that enables retailers to enrich the shopping experience with targeted video and promotional presentations at the point of sale. The MX 915 also provides full-motion video capabilities in a slim, space-saving design.

Additional Resources

VeriFone MX 915

VeriFone MX 925

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: the successful rollout of the VeriFone solutions with Toshiba, 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. 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 Toshiba Global Commerce Solutions (www.toshibagcs.com)

Toshiba Global Commerce Solutions is retail's first choice for integrated in-store solutions. With a global team of dedicated business partners, we deliver innovative commerce solutions that transform checkout, provide seamless consumer interactions and optimize retail operations that are changing the retail landscape. To learn more, visit www.toshibagcs.com.

About VeriFone Systems, Inc. (www.verifone.com)

VeriFone Systems, Inc. (“VeriFone”) 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.

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