Global Payments Awards VeriFone Contract for Multi-application Solution in Canada; End-to-end solution adds value to the merchant countertop and streamlines operations

Business Wire, Oct 31, 2001

Business Editors and High Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 31, 2001

VeriFone, Inc., the worldwide leader in electronic-payment solutions, today announced that Global Payments Inc.(tm) (NYSE: GPN), a leading provider of electronic processing services, has signed a multi-year agreement with VeriFone to offer VeriFone's Omni(R) 3300 terminals, SoftPay(tm) credit and debit software, and SC 550 PINpads in Canada. To support these devices, Global Payments has also purchased VeriFone's VeriCentre Appliance Management Suite to perform fast downloads and manage its terminal population.

"The VeriFone Omni 3300 terminal package will provide significantly enhanced feature functionality and choice to our Canadian customer base," said Barry W. Lawson, CIO, Global Payments Inc. "The solution offers a solid foundation from which to deliver even more value-added features and services that Canadian merchants can use to help grow their businesses."

"Canada is an extremely important market for VeriFone - one that clearly recognizes the value of a true multi-application, point-of-sale solution," said Douglas Bergeron, CEO, VeriFone. "Global Payments holds enormous influence in Canada. We are delighted to be helping them meet their customers'needs by providing merchants with a point-of-sale solution that allows them to maximize multiple business opportunities. Global Payments' decision also gives VeriFone a strong base to expand the adoption of Verix across Canada."

The Omni 3300 is equipped with a 32-bit processor and a 14.4kbps modem to deliver exceptional performance. Global Payments has selected VeriFone's SC 550 PINpad, which meets Canada's strict Interac Direct Payment (debit) standards for PIN-entry, to accompany the Omni 3300. The Omni 3300's intuitive ATM-style interface minimizes clerk training.

The Verix multi-application architecture supported on the Omni 3300 will allow Global Payments and its customers to run a variety of value-added applications, such as loyalty, on the same terminals used for payment. Delivering these applications to the merchant's countertop is fast and easy with the VeriCentre Download Management Module. New software can be quickly downloaded and the merchant can be taking advantage of new features or entire applications in just minutes.

About Global Payments (www.globalpaymentsinc.com)

Global Payments Inc. is a leading provider of electronic transaction processing services to merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada and the United Kingdom. Global Payments offers a comprehensive line of payment solutions, including credit and debit cards, business-to-business purchasing cards, gift cards, check guarantee, check verification and recovery, terminal management and funds transfer services.

About VeriFone, Inc.

VeriFone, Inc., (http://www.verifone.com) is the leading global provider of secure electronic-payment solutions for financial institutions, merchants and consumers. VeriFone has shipped more than nine million electronic-payment systems, which are used in more than 100 countries. VeriFone, Inc. is held by Gores Technology Group, an international acquisition and management company.

About Gores Technology Group

With headquarters in Los Angeles, Gores Technology Group (GTG) is a privately held international acquisition and management firm that pursues an aggressive strategy of acquiring promising high-technology organizations and managing them for growth and profitability. GTG has a proven track record of acquiring and successfully managing companies - including many divisions acquired from large publicly traded companies - through its commitment to customers, employees and continued development of intellectual property. GTG has acquired and managed approximately 35 interrelated but autonomous technology-oriented companies with locations throughout the world. Those companies provide a broad range of technology-based products and services to a substantial customer base representing millions of active users worldwide. Visit the company's Web site at www.gores.com.

For further information on Gores Technology Group please contact Michael Sitrick, mike_sitrick@sitrick.com, or Terry Fahn, terry_fahn@sitrick.com, both of Sitrick and Company, 310-788-2850.

This document may contain forward-looking statements concerning the Company's operations, current and future performance and financial condition. These items involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.