SAN JOSE, Calif. - September 1, 2009 - VeriFone Holdings, Inc. (NYSE: PAY - News) announced that it has entered into a settlement with the Securities and Exchange Commission in connection with the previously disclosed investigation into the Company’s 2007 restatement of certain of its quarterly financial results.

The SEC’s complaint recognizes that the Company’s restatement resulted principally from incorrect inventory accounting adjustments made by a former employee, but does not accuse the Company of intending to misstate its financial results or to mislead anyone. Without admitting or denying the SEC’s allegations, VeriFone has agreed to a permanent injunction against future violations of certain reporting, books and records and internal accounting control provisions of the federal securities laws. No other charge or monetary penalty was assessed against VeriFone, which cooperated fully with the Commission’s investigation. This settlement is subject to court approval and concludes the SEC’s investigation of this matter with respect to VeriFone.

“VeriFone is pleased to have resolved this matter with the SEC. We will continue to focus on serving our customers, growing our businesses, and creating a more secure electronic payment environment,” said Douglas G. Bergeron, VeriFone’s Chief Executive Officer. “Over the past 18 months, the Company has substantially improved its governance and internal controls in order to prevent a recurrence of this type of event.”  Read More

SAN JOSE, Calif. - September 1, 2009 - VeriFone Holdings, Inc. (NYSE: PAY), the global leader in secure electronic payment solutions, today announced financial results for the three months ended July 31, 2009.

Net revenues for the three months ended July 31, 2009, were $211.2 million, compared to $201.6 million of net revenues in the previous quarter, and $258.7 million for the comparable period of 2008.

Non-GAAP gross margins were 36.8%, for the three months ended July 31, 2009, compared to 33.8% in the prior quarter and 37.6% for the comparable period of 2008. GAAP gross margins for the three months ended July 31, 2009, were 34.1% compared to 32.2% in the prior quarter and 34.2% for the three months ended July 31, 2008.

Non-GAAP net income, for the three months ended July 31, 2009, was $0.26 per diluted share, compared to $0.17 in the prior quarter and $0.32 per diluted share, for the comparable period in 2008.

GAAP net income per share for the three months ended July 31, 2009, was $0.26 per diluted share, compared to $0.22 in the prior quarter and a loss of ($0.09) per diluted share, for the comparable period of fiscal 2008. Read More

MIAMI - CL@B 2009 Congress (Stand # 301- 303) - August 25, 2009 – VeriFone Holdings, Inc. (NYSE: PAY), today announced PAYware CMS 8.0, a new version of its comprehensive card management enterprise software for banks, financial institutions, processors and retailers who wish to issue cards, accept electronic payments and merchant management.

PAYware CMS enables issuers to easily set up and manage feature-rich card programs for both physical and virtual card payments. For acquirers, PAYware CMS supports individual merchant needs such as acquiring services contracts to accept, authorize and settle card transactions; it also offers multi-merchant support at all levels. Read More

SCOTTSDALE, Ariz., August 27, 2009 -- Hypercom Corporation (NYSE: HYC) today announced that TASQ Technology, Inc., a subsidiary of First Data, has strengthened its partnership with Hypercom by introducing the Optimum multilane terminal family to its product offering, and becoming an authorized service partner for these devices. TASQ also plans to purchase and roll-out for resale up to 100,000 Optimum countertop and mobile payment terminals, during the next 12 months, to its US-based bank and ISO customers. Read More

Design, flexibility… and colour!

The iCT250 has been designed with the goal of ensuring maximum ease-of-use for both merchants and consumers. Small and easy to handle, the iCT250 features large backlit keys and a large colour screen making it easy to read transaction-related messages and access richer menus and messages. Read More