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Verifone and POS Portal Introduce Out-of-the-Box, Secure Payment Solutions for Small Businesses

ETA TRANSACT - Verifone (NYSE: PAY) and POS Portal, a ScanSource (NASDAQ: SCSC) company and the nation’s leading provider of secure payment solutions in the U.S., announced today the availability of Verifone Connect, a secure and fully integrated global product that not only enables payment acceptance, but allows businesses to increase consumer engagement and drive efficiency. By distributing payment devices configured with Verifone Connect, POS Portal will be the first to offer a turnkey solution and immediate access to Verifone Connect with certified preconfigured payment devices.

With payment services, estate management, and merchant- and consumer-facing apps available for POS Portal payment devices, merchants will easily conquer technical hurdles like security set-up, device configurations, and compatibility with their existing software and systems. Verifone Connect also simplifies EMV payment acceptance with the highest level of PCI certification, so merchants can focus on managing and growing their business.

“Simplicity is revered, no matter your role in the commerce chain, as payment integrations can be challenging. Our partners need a solution that makes device configuration, compatibility, and security easier to set up, so Verifone Connect just makes sense,” said Scott Agatep, Chief Operating Officer at POS Portal. “POS Portal and Verifone are proud to provide complete, easy-to-implement solutions that lead the way for a growing number of merchants to adopt EMV and contactless payments across the U.S.”

“Verifone Connect is a customizable product for payment service providers, ISOs, software vendors and value-added resellers to leverage with merchants,” said Abizar Vakharia, Senior Vice President, Global Digital Services, Verifone. “Its simplicity is based on a digital experience that manages the onboarding of disparate devices and the seamless integration of payment and non-payment applications with the POS system. As business needs change, apps can be preloaded onto devices or downloaded from the Verifone Connect marketplace for customer engagement, promotions, payroll, inventory management, and other backend operations.”

“We are partnering with leaders like POS Portal to make it possible for merchants to get out of the ‘payment business’ and compete like a big chain,” said Joe Mach, president of Verifone North America. “As the first certified distributor of Verifone Connect, POS Portal will empower more retailers, restaurants and other verticals to increase consumer engagement, lower the cost of ownership, and streamline operations.”

With Verifone Connect as part of a complete solution, POS Portal works with customers through the entire EMV rollout to provide an end-to-end payment solution, from product selection, testing, boarding, and finally to delivering certified Connect-ready devices with full merchant support.

To learn more about Verifone Connect and all other solutions, visit booth #826 at ETA TRANSACT, Las Vegas, April 17-19, 2018.

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 Verifone Connect with POS Portal in North America, 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. We may also provide material information about us on our investor relations website at www.ir.verifone.com, in company press releases and in social media postings. 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 every day transactions into new and engaging opportunities for merchants and consumers at the last inch of payments and commerce. Powered by a growing footprint of more than 30 million devices in more than 150 countries, our people are trusted experts working with the world’s best-known retail brands, financial institutions, and payment providers. Verifone is connecting more products to an integrated solutions platform to better meet the evolving needs of our clients and partners. Built on a 35-year history of uncompromised security, we are committed to consistently solving the most complex payment challenges. Verifone.com | (NYSE: PAY) | @verifone.

About POS Portal
Since 2000, POS Portal has been changing the payments industry. As a leading distributor of credit card terminals and supplies POS Portal is pioneering the way in logistics and distribution for secure payment devices. Having one of the most extensive libraries of injection keys and over 17 years of strategic relationships with gateways, processors, and terminal OEMs, POS Portal has the resources needed to always deliver secure devices preconfigured just the way our partners need them. With two Key Injection Facilities (KIF), POS Portal deploys devices direct to businesses nationwide. At POS Portal we're committed to providing exceptional service to the point-of-sale industry through mutually beneficial, long-lasting relationships. For additional information, please visit http://www.posportal.com or call 1-866-940-4POS (4767).

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