Market Overview

Australia Post First to Deploy Verifone's Most Advanced Multilane Payment Solution to Improve Customer Experience Nationwide

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Verifone
(NYSE:PAY), a world leader in payment and commerce solutions, announced
today that Australia Post, the government-owned corporation that
provides postal, banking, identity and retail services is enhancing the
payment and customer experience at their 3600 post office locations. Australia
Post
is deploying the sleek and advanced multilane payment solution,
the Verifone
M400
with Verifone
Connect
, which will allow customers to pay with wearable and mobile
devices, and provide better accessibility for those with vision and
hearing impairments.

With its deployment, Australia Post will accept multiple payment types
and deliver offers and deals tailored to suit individual lifestyles.
Additionally, customers will be able to electronically sign for goods
and services that had been previously paper-based, including the release
of parcels and more.

"We are delighted with the first countrywide deployment of M400," said
Yiannos Papadopoulos, President of APAC, Verifone. "Verifone is
committed to providing Australia Post with innovative products and
services. As they expand, our solutions will support them in improving
business operations, delivering unique consumer experiences,
differentiating their brand, and growing their business."

A part of the Verifone
Engage
family of interactive, commerce-enabling devices, the M400
can present rich multimedia content and video with its 5-inch
multi-touch, color display, and ensures industry's best security while
enabling two-way interactions. It also features improved PIN pad
reliability and enhanced readability with a larger display and
touch-screen for bigger font-sizes and digital imagery.

With the estate
management
feature of Verifone Connect, Australia Post can configure
their devices from a centralized location, offer real-time fleet
diagnostics, support software management, and receive ongoing alerts to
ensure reliable device operations while controlling on-screen content
for customers.

Verifone M400 is a globally certified solution that goes beyond payments
delivering a secure and adaptable end-to-end product that enables
merchants to manage their businesses and drive revenue by providing
personalized, meaningful customer experiences.

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 our Verifone M400 solution in Australia,
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 37-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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