VeriFone's Hires Tom Veasey for North America Sales

Former Hypercom Executive Switches to Winning Team


SANTA CLARA, Calif., Nov. 25, 2003 (PRIMEZONE) -- VeriFone, Inc., the world's leading provider of payment solutions, announced today that it has hired Tom Veasey, former senior vice president of sales at Hypercom (NYSE:HYC), to join its North America sales team.

VeriFone's strong financial performance, culture of integrity and innovation, and breakthrough product line were cited as primary reasons for the switch.

"Sales people are motivated by money and success, and VeriFone is the place to be right now in the payment industry," said Tom Veasey. "VeriFone has the right products, the right services model, and the right management philosophy to succeed. I'm glad to be on board with the leader."

Prior to joining VeriFone, Veasey was at Hypercom for eleven years, primarily responsible for U.S. processor sales, counting American Express, Concord EFS, First Data, Nova, and Vital among his customers.

About VeriFone, Inc.

VeriFone, Inc., (http://www.verifone.com) 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.


            

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