Whom You Know: Lenovo and VeriFone Announce Mobile Point of Sale Platform with PAYware Mobile Enterprise Transforms Retail Customer Service with Secure Payments Anytime, Anywhere

Thursday, May 3, 2012

Lenovo and VeriFone Announce Mobile Point of Sale Platform with PAYware Mobile Enterprise Transforms Retail Customer Service with Secure Payments Anytime, Anywhere

Lenovo (HKSE: 992) (ADR: LNVGY) and VeriFone Systems, Inc. (NYSE: PAY) today announced the ThinkPad Mobile POS, a complete mobile point of sale (POS) platform for retail outlets built on the Lenovo ThinkPad Tablet and a custom version of VeriFone’s PAYware Mobile Enterprise for Tablet payment solution. With the ThinkPad Mobile POS, retailers can easily configure, customize and manage an end-to-end point of sale platform that delivers a more efficient and flexible alternative than stationary cash registers, helping to create new revenue opportunities for retailers, and improving the shopping experience for customers.

“The ThinkPad Mobile POS platform joins the rich ThinkPad heritage of productivity and durability with VeriFone’s global leadership in secure electronic payment solutions,” said Dilip Bhatia, vice president ThinkPad Business Unit, Lenovo. “The end result is a versatile and secure mobile platform that increases customer transaction speed and helps advance retail shopping to a new level of personal service.”

Retailers can remotely manage the ThinkPad Mobile POS with ease, including individual device tracking, managing applications, checking status on individual units and even remotely wiping and resetting devices to minimize on-site support intervention. Information Technology managers also have full control over timing for operating system updates, which means avoiding unnecessary business disruptions and security risks created by unvetted updates from hardware vendors.

“Mobile solutions are enabling retailers to reimagine the point of sale and Lenovo’s ThinkPad Tablet solution with PAYware Mobile Enterprise makes it possible to engage customers in the aisle or wherever goods are being sold,” said Jennifer Miles, VeriFone executive vice president, North America.

Secure Shopping Experience
With the average cost of a cardholder data breach exceeding $6.6 million1, security is paramount in payment devices. The ThinkPad Mobile POS meets or exceeds PCI 3, EMV 1 and 2, UKCC and Interac requirements, ensuring secure acceptance of all forms of payment, including EMV (EuroPay, MasterCard and Visa), NFC (near field communication), debit and gift cards, electronic coupons, loyalty programs and promotions. VeriShield Total Protect encrypts cardholder data the instant it enters the tablet and the ThinkPad Mobile POS keeps cardholder data encrypted until receipt at a secure data center, eliminating the risk of data compromise.

Smart and Reliable ThinkPad Design for Multi-Function Use
Built to rigorous ThinkPad MilSpec standards that characterize all ThinkPad hardware, the ThinkPad tablet offers industry-leading durability with a brilliant display, multi-touch or pen input and dual HD cameras. The ThinkPad Mobile POS is the retailer’s mobile workhorse, powering customer service, store management, analytics, inventory control, scheduling and more. Unlike consumer tablets, Lenovo uniquely gives ThinkPad tablet users full control over the operating system, letting retailers determine what can run on the tablet and when it is updated. Coupled with an enterprise-class service and support, the ThinkPad Tablet is ideally suited to mission critical application.

The POS case, designed by Targus, provides a clean contemporary look with a lightweight and ergonomic design. The multi-charge station charges up to five POS units, with case, in a single charge point.

1 “2008 Annual Study: U.S. Cost of a Data Breach”, the Ponemon Institute.

About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a $US21 billion personal technology company serving customers in more than 160 countries, and the world’s second-largest PC vendor. Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile Internet devices, including tablets and smart phones. Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information see www.lenovo.com.

About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) 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 for VeriFone Systems, Inc. This press release includes certain forward-looking statements related to VeriFone Systems, Inc. within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on VeriFone management’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the forward-looking statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of VeriFone Systems, Inc. These risks and uncertainties include: customers’ acceptance and adoption of VeriFone’s PayWare Mobile Enterprise for Tablet payment solution and other new product and service offerings, our ability to protect against fraud, the status of our relationship with and condition of third parties upon whom we rely in the conduct of our business, our dependence on a limited number of customers, uncertainties related to the conduct of our business internationally, our dependence on a limited number of key employees, short product cycles, rapidly changing technologies and maintaining competitive leadership position with respect to our payment solution offerings. For a further list and description of such risks and uncertainties, see our filings with the Securities and Exchange Commission, including our annual report on Form 10-K and our quarterly reports on Form 10-Q. VeriFone is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

Recent Testimonials by Brand Ambassadors on their Experience with Whom You Know

"I work with Peachy Deegan because she's prolific at what she does. She's a hard worker, she's thoughtful and she's tasteful at what she writes which is very important. Peachy gets the facts correct, and just that alone is worth its weight in gold."

-Edward Tricomi, Master Stylist and Owner of Warren-Tricomi
https://warrentricomi.com/

"No one has yet to express their taste for our cuisine better than Peachy Deegan on Whom You Know. Thank you for transforming our flavor into words, unlike any other before.
Sometimes WHOM YOU KNOW, really makes a difference and Ammos Estiatorio is grateful to know Peachy Deegan!"
-
Dimitris Nakos, Founder and Owner of
Ammos Estiatorio
https://ammosnewyork.com/

“Whom You Know has done an amazing job of featuring our company over many years [seven]. Peachy has worked tirelessly to create a well-curated selection of topics and brands that are clearly of relevance to her growing audience of readers. Her articles are filled with great insights based on first-hand experience. She does her research, knows her business and is a pleasure to work with!”

-David Sasuga, Owner of Fresh Origins Microgreens
www.FreshOrigins.com

"Peachy Deegan has the pulse of the nation and highlights exceptional opinion leaders in more than 23,000 inspiring and entertaining posts. Her 100,000 twitter followers are a true testimony to Peachy’s ability to inspire, motivate and entertain. She is a feminine force to be reckoned with and an exemplary example of an influential voice in today’s world."

-Mica Mosbacher, author of the new book The Hurricane Factor: Stormside Patriots and tv political commentator

"It was an honour to be chosen for Movers and Shakers by Peachy Deegan. The questions in the interview were intelligent and insightful and I thoroughly enjoyed answering them. The reaction to the interview has been overwhelmingly positive and has helped bring my art practice to a wider audience."
-Damien Flood, Internationally Acclaimed Artist
http://www.damienflood.ie/

"We were so fortunate to hit Peachy’s radar. Her review of our Warmies was spot-on and came at a great time in our company’s early history.
Peachy has such a strong relationship with her readers. She provides honest and real comments; she is truly a trusted source in a very large circle
of consumers."
-Scott Wehrs
President
Intelex U.S.A.
http://www.intelexusallc.com/

"We at Primola love working with Whom You Know and are proud to have been a highly-ranked Manhattan restaurant by Peachy Deegan since 2012, and are featured seasonally. We appreciate the fantastic work Peachy does highlighting our cuisine with her sublime writing style and the whole neighborhood of the Upper East side. Also, we are glad that she has started a Made in Italy column! If you have the opportunity to be considered for review, we'd highly recommend working with her."
-Giuliano Zuliani, Owner of Primola Restaurant
https://www.facebook.com/Primola-Canaletto-restaurants-NYC-135616799831091

"
Peachy Deegan is a gem. She is wonderful to feature our Irish brands in 'Whom You Know'! The articles are beautifully and passionately presented, bringing products and brands to life, making both relevant and fun for her many faithful followers to read. I am immensely proud for our hand-crafted products to be included in this venue!"

-
Bill Follett
President, Belleek Group North America
www.Belleek.com

"As you know from my past features, Peachy Deegan and I were in the same class at Boston College prior to either of us becoming entrepreneurs. When we played together on the BC Alumni softball team in Central Park years ago, she mentioned she could not find a great dentist in Manhattan and could often be found networking on her phone in the outfield hiding from the ball. She was my second patient ever in 2006 when I opened my dental practice; I was one of the first sponsors on Whom You Know and the first Mover and Shaker featured in 2009 and have worked with her continuously since. She's even talked her friends that are doctors into being my patients, and they subsequently send their hospital colleagues. I don't know anyone that is as great of a networker and writer as Peachy, nevermind that she is upstanding and always good for her word. Cosmopolitan Dental is so happy to be in the company of the caliber of major brands she works with today, and although she will tell you a million ways to get your teeth dirty between Peachy's Picks, Terrific Takeout and Peachy's Pantry, Peachy Deegan will tell you there is only one way to get your teeth clean!"
-Dr. Garo Nazarian, Founder and Owner of Cosmopolitan Dental
http://cosmopolitandental.com/