News from the Wire

Verifone, Pennies fund UK charities

Wednesday, July 27, 2016 — 11:10:43 (EDT)

London, July 27, 2016 -- Verifone (NYSE: PAY), a world leader in payments and commerce solutions, and Pennies, the digital charity box, today announced that their partnership has reached a significant milestone by helping to unlock £1million for charities in the United Kingdom.

The Pennies application works by allowing consumers to donate small sums to charity - always under £1 - by ‘rounding up’ or ‘topping up’ when paying by card in-store and online. Retailers using Verifone’s devices and managed payment service can enable donations as a seamless part of the payment process. Participating retail partners include ASK Italian, Zizzi, Notcutts, and Evans Cycles.

Approximately 37,000 donations are made each week via Verifone’s merchants, with an average donation value of 23.5p. To date, over 4,400,000 micro-donations have been made across the partnership totaling more than £1million. These funds have supported more than 20 charities so far including Cancer Research UK, Together for Short Lives, Great Ormond Street Hospital Children’s Charity, and Cyclists Fighting Cancer.

June Felix, President Verifone Europe said: “We are delighted to be working in partnership with Pennies where our technology is helping good causes. Verifone is proud of our ability to innovate and add value for merchants at the point of sale. Here we are showing how our products and services can be used to benefit consumers, retailers and charities alike.”

Alison Hutchinson CBE, CEO of Pennies said: “Verifone has helped Pennies to collect more than 4 million micro-donations through its retailers such as Zizzi, ASK Italian and luxury brand Gieves & Hawkes. We’re currently working with Verifone to integrate the digital charity box into the next generation of in-store payment devices. We’re thrilled with all we have achieved so far, and look forward to giving more digital small change a big purpose for millions more customers.”

To find out more about how Pennies and Verifone collaborated with UK restaurant chain Zizzi’s to enable charitable donations please visit Verifone’s case study.

About Verifone

Verifone is transforming everyday transactions into opportunities for connected commerce. We’re connecting payment devices to the cloud—merging the online and in-store shopping experience and creating the next generation of digital engagement between merchants and consumers. We are built on a 30-year history of uncompromised security with approximately 29 million devices and terminals deployed worldwide. Our people are known as trusted experts that work with our clients and partners, helping to solve their most complex payments challenges. We have clients and partners in more than 150 countries, including the world’s best-known retail brands, financial institutions and payment providers.

Verifone.com | (NYSE: PAY) | @verifone

About Pennies

• Pennies is the digital equivalent of the traditional charity collection box. We enable consumers to round-up their bill at participating partners - to make their pennies count for charity.

• Pennies estimates that if the UK’s card holders donated 30p once a month over £150m would be raised for charity every year.

• Pennies is enabled in a number of well-known brands including Domino’s Pizza, Zizzi restaurants, Topps Tiles, The Entertainer, The Fragrance Shop and Screwfix; as well as a growing number of smaller merchants. For more information on Pennies please visit: www.pennies.org.uk .

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Source: Company press release.