Verifone Announces the Sleekest, Most Advanced Multilane Payment Device Ever

NRF Retail’s BIG Show Booth #3543 – Verifone
(NYSE:PAY), a leader in payment and commerce solutions, will debut the Verifone
, the sleekest, the most advanced and intuitive multilane
payment device ever, at the 2017
NRF Retail’s Big Show
in New York City.

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

Verifone M400- The Sleekest, Most Advanced Multilane Payment Device Ever. (Photo: Business Wire)

Verifone M400- The Sleekest, Most Advanced Multilane Payment Device Ever. (Photo: Business Wire)

Offline and online commerce are rapidly converging. Brick & mortar
retail models are rapidly changing. And consumers are increasingly
demanding simple, fun and secure experiences no matter where or when
they shop. Multilane merchants need a platform capable of supporting
their vision for the future including digital offers, loyalty and
payment, targeted marketing and seamless omni-channel connectivity.
Verifone designed the M400 to enable this for its department store,
specialty retailer, grocery store, hotel, quick service restaurants and
convenience store clients.

“The M400 represents an entirely new level of design innovation for
multilane merchants,” said Glen Robson, EVP of Verifone Solutions. “We
have the advantage of working with the world’s best retail brands, and
leading technology companies. And we spent countless hours working with
our clients and partners to develop a device capable of fueling their
vision for the future of retail commerce.”

Welcome to Advanced Commerce

The Verifone M400 is designed to serve as a cornerstone of a complete
vertical solution. It will easily integrate with Verifone’s Point
Payment Solutions; Verifone Estate Manager (formerly VHQ); the Verifone
Commerce Platform
; Verifone
e-Series mobile devices
; and other Verifone
family devices.

The M400 expands on the success of Verifone’s industry-leading MX series
while incorporating new innovations and features for unprecedented
investment protection, consumer engagement capabilities, and a seamless
transition for merchants using MX 900 series devices.

Benefits for merchants include:

  • Accept any payment: EMV-capable, with integrated NFC and
    Bluetooth Low Energy (BLE) for acceptance of all popular mobile wallets
  • Safe and secure: fully-supported PCI-certified device,
    compatible with Verifone end-to-end encryption and tokenization
    solutions for multi-layered security
  • Designed for consumers: sleek design, smaller footprint than
    Verifone MX series devices, and an enhanced, multi-touch, intuitive
    user interface
  • A marketing machine: stunning 5-inch display, split screen
    capabilities, increased memory to support full-motion video and
    hi-resolution graphics
  • In-store targeting: Bluetooth and Bluetooth Low Energy (BLE)
    support for identifying consumers and delivering personalized offers
    via beacons
  • Build once, port multiple: highly secure Linux-based OS,
    development tools and App Marketplace, seamless porting of MX900
    series to M400
  • Backwards compatibility: Verifone MX clients can leverage their
    existing installation to simplify upgrades (e.g.: cable, stand),
    saving on unnecessary costs
  • Retail ready: extreme durability for high-traffic multilane

“The Verifone M400 is an impressive solution that is ideal for meeting
the growing demands of merchants and consumers in markets such as the
Nordics that are serious in their efforts to drive advanced commerce,”
said Hans Petter Hoel, CEO of Retail Payment, a Norway-based payment
acceptance platform provider owned by the country’s leading retailers.
“Our common goal is to ensure that future payments are
customer-friendly, secure and cost efficient. As Retail Payment
introduces an open omni-channel platform to the market as the de facto
standard infrastructure for future payments, innovations such as the
M400 improve the customer experience in store.”

Demo the Verifone M400 at the NRF Retail’s Big Show, January 14-17 in
New York City. It will be available mid-summer 2017, initially in the
U.S. and Norway.

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 new M400 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 35-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

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