VeriFone VTS Exceeds 1,000 Taxi Systems in Boston Metro Area

MX870 Payment & Passenger Information System Helps Modernize Boston Cabs

BOSTON, Aug. 5 -- VeriFone Holdings, Inc. , today announced that VeriFone Transportation Systems (VTS) has now installed more than 1,000 state-of-the-art payment and passenger information monitors in Boston-area taxis.

Under regulations that went into effect January 1, 2009, all taxis licensed by the City of Boston are required to provide credit card payment systems for use by passengers. VTS has provided dispatch technology to the largest radio association, which uses VeriFone's payment and information systems exclusively in 510 vehicles operating under the Top Cab and City Cab brands.

"VTS is the clear leader in the taxi payment and passenger information system market," said John Ford, president and owner of Top Cab, Inc., and City Cab. "Passengers increasingly want to pay with credit cards and our drivers have realized additional per-trip revenues by having this capability, despite the problems in the economy."

The Boston Police Hackney Carriage Unit currently licenses 1,825 medallions and VTS systems are deployed in almost half of those licensed taxis. VTS is also the sole supplier of systems in Philadelphia and the largest supplier in New York City.

"We're thrilled by the response in the Boston market, including with suburban taxi companies," said Amos Tamam, president of VTS. "Boston is on the leading edge of efforts underway across the country to utilize automation and electronic payment to improve efficiency of taxi fleets and enhance the passenger experience with convenience, information and entertainment."

VTS provides next-generation solutions that deliver wireless payment, navigation, dispatch, text messaging, and real-time information to the transit, vehicle for hire, dispatch, and cargo transportation industries.

The VTS systems deployed in Boston are based on VeriFone's MX870 multimedia payment systems, which support secure credit card transactions. The MX870 is the leading choice for organizations that want to leverage full featured automation capabilities such as dispatch automation, text messaging, voice guided navigation, real-time moving map functionality and passenger information delivery.

About VeriFone Transportation Systems (www.VeriFoneTS.com)

VeriFone Transportation Systems is a joint venture between VeriFone Holdings, Inc. , and TaxiTronic, Inc., to provide the next generation in mobile payment and transportation automation solutions. VeriFone Transportation Systems delivers wireless payment, voice guided navigation, dispatch, text messaging and real-time information delivery capabilities for transportation fleets.

About VeriFone Holdings, Inc.

VeriFone Holdings, Inc. ("VeriFone") is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the development, adoption, implementation, interoperability, performance and effectiveness of electronic payments industry security standards, the development of future security standards and guidelines intended to reduce and prevent fraud and other threats to electronic payment transaction integrity, and lower risk for all participants in card payment transactions. These forward-looking statements are based on current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include: the successful rollout of VeriFone credit card payment systems in licensed taxies in Boston; industry, technological and regulatory changes; industry and market acceptance of and compliance with new security standards and guidelines; compliance with disparate certification requirements and government regulations; the state of the U.S. and global economies in general and other risks detailed in the companies' filings with the Securities and Exchange Commission, including the companies' most recent 10-K and subsequent 10-Qs and 8-Ks. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.