North American Bancard Places Big Order with VeriFone; Leading MSP/ISO Purchases Top of the Line Products to Enhance Free Terminal Program

Troy, Michigan, September 8, 2006 -- North American Bancard, Inc., one of the industry's leading acquirers, announced today it has acquired Vx570 terminals and 3,000 Cr1000i check imagers from VeriFone Holdings, Inc. (NYSE:PAY) to include in its innovative Free Terminal Program. This multi million deal represents NAB's latest proactive business strategy in support of its commitment to provide cutting-edge technology and superior customer service to all its merchants and sales partners.

"VeriFone provides tomorrow's technology today and their value points can't be touched by their competition," says Marc Gardner, President of North American Bancard. "We are utilizing an aggressive marketing strategy similar to that of wireless providers. When you walk into a wireless store, they offer the latest and greatest phone for free in exchange for a service agreement. We take the same approach. The Vx570's capabilities include industry leading features and functionality enabling our sales partners with the number one industry product offering. By marketing this terminal to prospective new customers, we're making our merchants future proof."

North American Bancard has structured this large investment for the future of its customers by providing them with a free terminal that will not become obsolete during the life of the merchant agreement. NAB's sales partners will equally benefit from this deal as they will have a best-in-breed product that will open more doors.

"The VeriFone Vx570 will empower our sales force with advanced technology and provide them with an offering not available to most merchants," says Gardner. "MasterCard recently announced that only 32,000 merchants have PayPass. Why not give merchants a terminal that is already configured with a contactless reader. It is a win-win scenario for everyone as this program benefits not just the merchant but the sales agent as well."

The VeriFone Vx570 combines speed and power to offer exceptional payment processing, plus increased memory to support a wide range of value-added applications, including contactless payment. The Vx570 is the successor to the VeriFone Omni 3750 and provides merchants with maximum flexibility, superior speed and high performance, in addition to compatibility with existing applications. It is ideally suited to North American Bancard's complete suite of payment processing applications and provides an ideal migration path both for existing users of the Omni 3750 and others who want a more powerful countertop payment solution.

"The North American Bancard contract is a tremendous competitive win for VeriFone and reflects the increasing market traction for our premier countertop payment solution," says Jesse Adams, VeriFone Executive Vice President, North America Sales.

About North American Bancard (www.nabancard.com)

Headquartered in Troy, Michigan, North American Bancard is a multi-faceted payment solutions provider dedicated to providing the latest technology as well as committing to the highest service levels. North American Bancard is a registered MSP/ISO of HSBC Bank, Buffalo, New York. Since 1992, North American Bancard has provided more than 50,000 clients with a full suite of products and services including Credit, Debit, EBT, Check Conversion and Guarantee, ATM, Gift and Loyalty Cards as well as Online Payment Gateway solutions.

About VeriFone Holdings, Inc. (www.verifone.com)

VeriFone Holdings, Inc. ("VeriFone") (NYSE:PAY), a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. VeriFone delivers 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.

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