PHILADELPHIA TAXI RIDERS: Get Ready to Hail Cabs with Way2ride™

PHILADELPHIA–(BUSINESS WIRE)–Taxi passengers in Philadelphia will be able to electronically hail cabs
beginning in October, using the Way2ride app from Verifone (NYSE:
PAY) on their mobile devices. Through this expansion, Philadelphia joins
New York City, where passengers are already using Way2ride’s payment and
new e-hailing feature to quickly and easily hail cabs and securely pay
for taxi rides with a tap of their smartphones.


More than 1,400 of the 1,600 licensed taxis in Philadelphia are already
equipped with Verifone payment systems for credit card acceptance and
are ready for Way2ride. Way2ride™ is available today for both iPhones®
and Android® phones and can be downloaded right now from the Apple®
App Store®
 and Google®
Play®.
The Way2ride app has been downloaded more than 45,000 times
in Philadelphia since it became available in the city a year ago.

WAY2RIDE™: IMPROVING THE TAXI PASSENGER EXPERIENCE

Using Way2ride to hail a cab is as simple as pressing the “hail” button
and confirming your pickup location. There’s never any surge pricing;
you only pay what’s on the meter, plus a nominal flat fee for hailing
with the app.

When the ride is over, payment is automatic. And whether you’ve hailed
with Way2ride, or simply used the app for payment, the tip is up to you,
and 100 percent of it goes to your driver.

“Verifone’s payment solutions are already used in the majority of cabs
throughout Philadelphia, so Way2ride provides passengers and licensed
taxis in the city an enhanced app for taxi payment and hailing that’s
backed by a familiar and trusted brand,” said Amos Tamam, Senior Vice
President, Global Taxi Systems for Verifone. “The ability to pay for
rides and hail cabs via smartphone is an incredibly easy process that
provides additional security and convenience for passengers and drivers
alike.”

BACKED BY THE WORLD LEADER IN PAYMENT AND COMMERCE

Way2ride is backed by Verifone, the world leader in payment and commerce
solutions; the world’s leading provider of technology that powers taxis;
and the trusted brand for payment security.

Verifone was the first to introduce credit card terminals linked to the
taxi meter – ensuring what a passenger paid was the actual metered fare;
the first to introduce digital entertainment and advertising inside the
cab; the first to offer digital, geo-targeted advertising outside the
cab; and the first to deliver a taxi payment application with the launch
of Way2ride™ two years ago. Verifone was also the first to enable the
option for consumers to pay with their American Express Membership
Rewards points in New York City taxis, as well as provide the option to
pay with Apple Pay® or Google Wallet®. And, earlier this year, Verifone
added support for PayPal® using Way2ride™.

Verifone powers over 85,000 cabs in more than 100 cities across the
globe with secure payments, cloud-based dispatch systems and fleet
management tools, mobile apps, digital media and much more.

COMING SOON TO ADDITIONAL MARKETS

The introduction of Way2ride in Philadelphia follows its formal
introduction in New York City earlier this month. Next, Verifone will
also roll out the app in Boston, Miami, Washington, DC, and Las Vegas,
and will launch in all U.S. Verifone markets in 2016.

ADDITIONAL RESOURCES:

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 Way2ride taxi e-hail feature, market
acceptance of our product and services offerings, 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 more than 27 million 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. 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 providers.

Verifone.com
| (NYSE: PAY) | @verifone

Contacts

Verifone
Alex Shorter, +1-770-754-3608
Alex.shorter@verifone.com