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

MIAMI - CL@B 2009 Congress (Stand # 301-303) - August 24, 2009 – VeriFone Holdings, Inc. (NYSE: PAY), today introduced the MX ATM, a new convenience retail payment kiosk with cash dispensing and deposit functionality, designed for the Latin America market. PROSA, Mexico’s largest electronic switch and processor, partnered with VeriFone for a customized solution that it plans to roll out nationally throughout retail locations in Mexico.

The VeriFone MX ATM is a family of secure, simple-to-use payment and cash dispensing kiosks, intended for environments such as hotels, department stores, night clubs, and enterprises.

Merchants can install the MX ATM kiosks to dispense cash, balance inquiry and to provide a variety of value-added services including telco top-up, bill payment, redemption and reloading of prepaid cards. Read More

SAN JOSE, CA – August 11, 2009 – VeriFone Holdings, Inc. (NYSE: PAY) today announced that RBS WorldPay, the fastest growing top ten payment processor in the US, has agreed to work jointly and expeditiously towards marketing VeriFone’s VeriShield Protect end-to-end solution for encrypting payment card data.

RBS WorldPay is the first merchant acquirer to endorse a commercial end-to-end encryption solution. By encrypting the card number on swipe, right at the point of sale, RBS WorldPay merchants who choose the VeriShield Protect solution will be able to dramatically reduce both their own risk and that of their customers as well.

“RBS WorldPay merchants and prospects are telling us they want to significantly reduce the impact of PCI compliance on their business - and they want a solution their processor endorses,” said Ian Stuttard, president and CEO of RBS WorldPay. “VeriShield Protect will easily integrate into multi-lane retailers’ existing systems and networks.” Read More