French Payments & Telecom Company Afone Named VeriFone VIP

LONDON--(BUSINESS WIRE)--

VeriFone Holdings, Inc. PAY, today announced that the Afone Group AFO, the leading French payments and telecoms company, has joined the VeriFone International Partner (VIP) network.

Afone provides electronic payment and telecommunications services for businesses and professionals. Founded in 1997 and with 500 employees, Afone is dedicated to providing customised services and support, focusing on the unique communications needs of businesses.

“We are very excited about our new partnership with VeriFone,” says Afone General Director Eric Horlait. “The combination of our in-depth market knowledge and regional expertise with VeriFone’s payments technology experience will produce results mutually beneficial to both companies and our customers.”

Afone will focus on selling VeriFone V^x Solutions systems, which include the V^x 810 PIN pad, the V^x 810 DUET countertop solution and the V^x 670 wireless payment device. All will be available with Afone’s easy-to-use payment application platform, AfonePilot.

“France is an important market for VeriFone,” says Shaun Burger, VeriFone vice president for Northern Europe, Middle East and Africa. “Many French retailers and banks are looking to upgrade their current payment systems because of security concerns and VeriFone are the payments industry security experts. We welcome Afone as a VIP because the company’s industry knowledge and commitment to customer service is second to none.”

The VIP Program provides partners with access to a wide range of services including in-depth product and sales training and web-based access to exclusive partner information.

Additional Resources:

www.verifone.com/vip-partners

About Afone Group (www.afone.com)

Afone Group is a leading French provider of electronic payments and telecommunications services for professionals. By providing payment devices, telecommunications and customised services, Afone helps customers concentrate on their core business. Afone is traded on the EURONEXT Paris stock exchange under AFO and supplies over 45,000 clients in sectors such as healthcare, retail and banking. Afone is headquartered in Angers, France.

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

VeriFone Holdings, 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.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 for VeriFone Holdings, Inc.

This press release includes certain forward-looking statements related to VeriFone Holdings, 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 Holdings, Inc. These risks and uncertainties include: the ability of Afone to successfully market and sell our products in France, our customers’ acceptance and adoption of 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.