VeriFone’s Omni 3750 Payment Terminal With IP/Ethernet Capability Earns Industry First Class A Certification From Paymentech

The VeriFone Omni 3750 payment terminal with IP/Ethernet capability has earned Class A certification from Dallas-based Paymentech, L.P., a leader in payment processing.

Paymentech’s NetConnect Solution Delivers Secure Internet Based Processing Via VeriFone’s Most Successful Terminal

Santa Clara, Ca - January 29, 2004 - VeriFone, Inc., the world's leading provider of payment solutions, today announced the VeriFone Omni 3750 payment terminal with IP/Ethernet capability has earned Class A certification from Dallas-based Paymentech, L.P., a leader in payment processing. Paymentech will use the Omni 3750 to enable its NetConnect processing solution, which serves the retail, petroleum and restaurant industries.

“We are seeing pent up demand for secure, Internet-based payment transaction abilities in the marketplace,” said Jesse Adams, executive vice president, North America sales, VeriFone. “Processors, acquirers and ISOs who quickly embrace these solutions will gain the greatest market advantage.”

The Omni 3750 features a powerful 32-bit processor to meet the security and networking demands of broadband communications. With its built-in Ethernet connectivity and industry standard SSL encryption, it has the power to securely send transactions over public or private networks. The Omni 3750 has been certified by all of the leading U.S. processors, supports solutions from over 20 value-added application providers, and is shipping to merchants through existing acquirer and ISO channels. To date, Omni 3750 terminals have been installed in over 70 countries.

“As a leading processor in the POS industry, Paymentech is pleased to be the first to work with VeriFone to allow retailers and ISOs to experience the speed and cost benefits of a complete IP POS solution,” said Joan DeTemple, Paymentech’s Group Manager-Retail Product Management. “To meet our customers’ ever-changing needs, Paymentech continues to enhance its solutions portfolio to enable merchants to utilize the latest communications access methods. Using IP connections for credit and debit authorizations translates into reduced network communication costs and faster transactions through an always-on connection.”

Enabled by the IP/Ethernet capabilities of the VeriFone Omni 3750 terminal, Paymentech’s NetConnect solution offers merchants the opportunity to securely process and authorize payment transactions at high speeds while utilizing Paymentech’s state-of-the-art processing services. This solution also provides cost savings to the merchant, as it reduces the need for additional phone lines and other related costs.

About Paymentech
Paymentech, L.P. processes more payment transactions than any other company in North America - and more than half of all Internet transactions - for retailers accepting U.S. and international payments via traditional point of sale, Internet, catalog and recurring payments. The privately held company, founded in 1985, is an end-to-end processor for merchants of all sizes and industries. Paymentech's 1,500 employees office in multiple locations, including the Dallas headquarters; New York; Salem, NH; Tampa, FL; and Tempe, AZ. In 2002, Paymentech and its Canadian affiliate, based in Toronto, processed 4.2 billion transactions and $123 billion in bankcard sales in 14 currencies.

About VeriFone, Inc.
VeriFone, Inc., recognized worldwide as the trusted leader in secure electronic payment technologies, provides expertise, solutions and services for today with a smart migration strategy for tomorrow. VeriFone is leading the industry in the delivery of solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. VeriFone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and healthcare. VeriFone has shipped over eleven million electronic-payment systems.