VeriFone Supplies Bank of China with Payment Solutions

Business Wire, Feb 21, 2008

Banks Extends Relationship with Order for Almost 16,000 Wireless and Countertop Payment Systems

SAN JOSE, Calif. -- VeriFone Holdings, Inc. (NYSE: PAY) today announced that Bank of China Ltd. has placed an order for almost 16,000 VeriFone payment solutions, extending its long-time relationship with VeriFone as the country continues to expand its card payment processing infrastructure.

The Bank has placed an order for 2008 delivery that includes the GPRS-enabled V(x) 610, the CDMA-enabled NURIT 8000, and the countertop NURIT 2930 incorporating a dial up modem and sprocket printer.

Bank of China is one of China's four state-owned commercial banks and the sole banking partner of the Beijing 2008 Olympic Games.

"We're honored by the confidence that Bank of China has exhibited in our product portfolio," said William C. Nichols, VeriFone general manager, Asia. "We have worked closely with the bank in providing card payment capabilities to merchants and look forward to continued success in expanding the market for card-based purchases in China."

The PCI PED-approved V(x) 610 and NURIT 8000 systems deliver fast, secure, error-free transactions for merchants "on the go" with high-speed wireless performance, durable design, and exceptional ease of use wherever needed, such as outdoor markets, delivery service, and for instantly adding an extra lane during peak business hours. The NURIT 2930 countertop system with sprocket printer allows merchants to use special preprinted forms for transaction receipts.

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.