Market Overview

Bluefin and Verifone Strengthen Payment Security with New Partnership to Provide PCI-Validated Point-to-Point Encryption (P2PE)


Verifone (NYSE: PAY), a world leader in payments and commerce solutions, and Bluefin,
the leading global payment security platform supporting gateways,
processors and ISVs, announced a partnership to provide Bluefin's
PCI-validated Point-to-Point Encryption (P2PE) security solution to
merchants using either Verifone's
or Retail
Transaction Switch
(RTS) solutions. Through this partnership,
merchants can reduce not only the cost and effort they incur when trying
to comply with PCI PA DSS requirements, but also mitigate the risk
associated with face-to-face payments.

The Verifone Validated P2PE solution, which can now be viewed on the PCI
P2PE Solution website
, is an incremental offering within Verifone's
industry-leading payment security product line. This Validated P2PE
solution is designed to meet the needs of merchants of all sizes and
offers multiple configurations and processing options.

"Merchants around the globe are looking to fully certified PCI P2PE
solutions for protection from threats to consumer and card data," said
John M. Perry, CEO, Bluefin. "In partnership with Verifone, we are
delighted to protect retailers and merchants with the best-in-breed
security solution that offers PCI DSS scope relief and secures
cardholder data."

To be certified as a PCI-validated P2PE solution requires that the
payment solution adopts specific physical, logical and operational
security controls. The implementation of these controls is ultimately
reviewed by a special P2PE Qualified Security Assessor (QSA) and then
again by PCI prior to a solution being deemed "Validated P2PE
Certified." The purpose of this process is to ensure that an encrypting
payment solution has been implemented in a way which truly reduces risk.

"We are a client-first company, and with this new partnership we give
merchants greater peace of mind, freeing them to focus on running their
business and serving their customers," said Joe Mach, president of North
America for Verifone. "Our mission is to bring simplicity to doing
business today by looking for new ways to ease the points of friction in
payments and commerce."

The combination of Verifone's industry leading payment devices and
solutions, and Bluefin's decryption and operational capabilities result
in a true enterprise-class solution. It secures credit and debit card
transactions by encrypting all data within a PCI-approved point of entry
device. This prevents clear-text cardholder data from being available
within the device, or in the merchant's system where exposure to malware
is possible. Data decryption always occurs offsite in a Bluefin hardware
security module (HSM), ensuring the highest level of security.

For merchants, the benefits of the Bluefin / Verifone P2PE solution
include reducing PCI scope from 329 to a 33 question P2PE
self-assessment questionnaire (SAQ), managing chain of custody using the
Bluefin P2PE Manager® online device management system, and integration
with Verifone's market-leading line of payment solutions.

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 solutions certified with Bluefin's
PCI-validated Point-to-Point Encryption security solution in North
America, 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,
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

About Bluefin Payment Systems

Bluefin provides the leading payment security platform that supports
payment gateways, processors and ISV's in more than 20 countries.
Bluefin's secure payment platform is key to the holistic approach to
data security. Designed to complement EMV and tokenization, Bluefin's
PCI-validated Point-to-Point (P2PE) solutions provide a solid security
defense against current and future data breaches. Bluefin supports point
of sale solutions for retail, mobile, call center and kiosk/unattended
environments, and secure Ecommerce technologies. Bluefin is a
Participating Organization (PO) of the PCI Security Standards Council
(SSC) and is headquartered in Atlanta, with offices in New York,
Chicago, Tulsa and Waterford, Ireland. For more information, please

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.
| (NYSE:PAY) | @verifone.

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