Verifone and FIS to Enable Consumers to Pay with Loyalty Points at the Retail Point-of-Sale

NRF Retail’s Big Show – With the goal to increase the value and
usability of loyalty points, Verifone
(NYSE: PAY), a global leader in payments and commerce solutions, and FIS
(NYSE: FIS), a global leader in financial services and payment
technology, announced a collaboration to enable consumers to pay with
loyalty points linked to their credit or debit cards at the
point-of-sale (POS).

This Smart News Release features multimedia. View the full release here:

Consumers can now pay with loyalty points at the retail point-of-sale (Photo: Business Wire)

Consumers can now pay with loyalty points at the retail point-of-sale (Photo: Business Wire)

Verifone developed a new application called Verifone
Points Redemption
which connects to the FIS Premium Payback
Network to provide a quick, secure, and easy way for third party loyalty
programs to participate. Merchants will be able to download the free app
to their device from the open, cloud-based Verifone
Commerce Platform
and eligible cardholders only need to swipe, dip
or tap their card at a participating retailer, to pay for their
purchases with points.

“We are helping merchants and consumers realize the value of loyalty
programs by bringing points redemption to the shopping experience right
where it counts—at the checkout,” said Glen Robson, executive vice
president, Head of Verifone Solutions. “With FIS’ loyalty solution
accessible through the cloud on our devices, merchants have a simple way
to enhance the checkout experience by offering their customers immediate
savings on in-store purchases using points.”

Research shows that every year up to $16 billion in loyalty points are
left unused or forgotten. FIS’ Premium Payback has shown the ability to
combat that, however. In fact, nearly one of five Premium Payback users
have said they selected merchants based on the ability to use their
reward points.

“Today’s consumers have been digitally empowered and expect tomorrow’s
payment and rewards capabilities today,” said Bruce Lowthers, executive
vice president, FIS Global Retail Payments. “The single integration
point to brick-and-mortar retailers uniquely helps loyalty programs
increase member touch points, while our relationship with Verifone
expands the reach to bring scalable loyalty points redemption to many
more consumers.”

When a shopper presents a loyalty-linked card payment on a Verifone
device, it will prompt them automatically when enough points are
available to pay for their items, eliminating the hassle of vouchers or
ordering gift cards. The yes or no prompt is quick and easy and
specifically designed not to slowdown the checkout process. The
connection between Verifone and FIS is being powered by Modo’s
COIN® operated Digital Payments Hub

The FIS Premium Payback Network currently supports loyalty points
redemption at thousands of gas stations nationwide for 8.5 million
consumers from 3,100 banks.

Visit the Verifone
Booth #3543
and FIS Booth #624 at the NRF Retail’s Big Show January
14-17 in New York City.

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 the “With FIS” loyalty solution, 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. 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 everyday transactions into opportunities for
connected commerce. We’re connecting payment devices to the
cloud—merging the online and in-store shopping experience and creating
the next generation of digital engagement between merchants and
consumers. We are built on a 30-year history of uncompromised security
with approximately 29 million devices and terminals deployed worldwide.
Our people are known as trusted experts that work with our clients and
partners, helping to solve their most complex payments challenges. We
have clients and partners in more than 150 countries, including the
world’s best-known retail brands, financial institutions and payment
| (NYSE: PAY) | @verifone

About FIS

FIS is a global leader in financial services technology, with a focus on
retail and institutional banking, payments, asset and wealth management,
risk and compliance, consulting, and outsourcing solutions. Through the
depth and breadth of our solutions portfolio, global capabilities and
domain expertise, FIS serves more than 20,000 clients in over 130
countries. Headquartered in Jacksonville, Fla., FIS employs more than
55,000 people worldwide and holds leadership positions in payment
processing, financial software and banking solutions. Providing
software, services and outsourcing of the technology that empowers the
financial world, FIS is a Fortune 500 company and is a member of
Standard & Poor’s 500® Index. For more information about FIS,

Follow FIS on Facebook (
and Twitter (@FISGlobal).

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