Turkiye Finans Katilim Bankasi Shifts to VeriFone Systems

Business Wire, April 23, 2007

Leader of Interest-Free Sector Orders 20,000 Payment Systems and PINpads

SAN JOSE, Calif. -- VeriFone Holdings, Inc. (NYSE: PAY) announced today that it has been awarded a contract for 20,000 payment systems and PINpads by Turkiye Finans Katilim Bankasi, A.S., replacing a long-term incumbent competitor.

Turkiye Finans is the leader and pioneer of Turkey's interest-free banking sector, which provides financial products and services. VeriFone will supply approximately 20,000 payment systems, including the NURIT 8400 and NURIT 8210 countertop models, the NURIT 8010 wireless model, and the PINpad 1000SE. Turkiye Finans is the first customer in Turkey to deploy the NURIT 8400.

"This is a tremendous competitive win and an affirmation of our strategy to broaden VeriFone's share," said Lazy Yanay. "VeriFone is extremely pleased to work with Turkiye Finans to update its electronic card payment capabilities."

Turkiye Finans' mission is to meet banking needs of their customers in terms of the state of the art technology and within the framework of international banking principles. "We found the VeriFone products would be the best fit for replacing most of our existing terminals in the field," said Ahmet Yildirim, Manager of Consumer Banking Operation Department, Turkiye Finans Katilim Bankasi.

The NURIT 8400 is a highly flexible countertop payment terminal with a full range of dial-up, LAN and wireless communications choices and a wide variety of device interface options. The secure, reliable and easy-to-use multi-application system is suitable for a wide variety of retail locations, from small and medium-sized businesses to department stores and multi-lane outlets. In addition to magnetic stripe and smart card EMV-based credit and debit transactions, it supports value-added services, such as loyalty programs, gift cards and prepaid services.

About Turkiye Finans Katilim Bankasi www.turkiyefinans.com.tr

Turkiye Finans Katilim Bankasy A.dZ. was established in 2005 by the merger of Boydak Group and oulker Group and positioned as the leader and pioneer of the interest free banking sector. The bank's mission is to meet the banking needs of our customers with state of the art-technology and within the framework of international banking principles.

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

VeriFone Holdings, Inc. ("VeriFone") (NYSE: 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.