Gtech VeriFone

GTECH’s WorldServ Unit Signs Deal with VeriFone, Inc.

WEST GREENWICH, R.I., October 11, 1996

GTECH (NYSE “GTK”) announced today that its wholly-owned subsidiary, GTECH WorldServ, Inc. (WorldServ) has signed a network installation and maintenance services contract with VeriFone, Inc., the world’s leading provider of credit and debit card point-of-sale systems.

Under the terms of the four-year agreement, WorldServ will provide a variety of network communications management services supporting VeriFone’s new Digital Xpress transaction package. WorldServ support will include an inital installation for 2,500 ISDN (integrated services digital network) end-users, network implementation, field maintenance, and help desk services. VeriFone’s digital point-of-service package is offered for transactions in such markets as retail payments, healthcare eligibility, and government electronic benefits transfer.

“By leveraging our superior network communications, transaction processing and implementation capabilities to the broader commercial market, WorldServ helps position GTECH for future growth,” said William Y. O’Connor, GTECH President and COO. “I am certain that VeriFone, and every WorldServ customer will benefit from the same reliable, cost-effective solutions that GTECH customers have enjoyed for more than ten years.”

“We are very pleased to be working with a top-tier network partner like WorldServ,” said Greg Lewis, VeriFone’s vice president, corporate development. “Working together, we’ll make it easier for retailers to achieve speed, reliability, and efficiency benefits that ISDN can bring to their point-of-sale operations.” VeriFone expects Digital Xpress to become the leading ISDN transaction service in middle-market retail locations nationwide. A turnkey package, the solution brings together all necessary components for ISDN transactions at the point-of-service. Designed to be simple and cost effective, Digital Xpress services overcome the traditional complexities associated with converting to ISDN. Users benefit by receiving complete service from a single source with a single monthly bill.

VeriFone, Inc. (http://www.verifone.com), the leading global provider of secure payment solutions, provides electronic payment systems to financial institutions, merchants, and consumers, as well as government agencies, healthcare providers, and benefits recipients. The Company has shipped more than five million transactions systems, which are installed in over 100 countries. Net revenues in 1995 totaled $387 million.

WorldServ, Inc., a wholly-owned subsidiary of GTECH Corporation (http://www.gtech.com), specializes in the design, implementation, and maintenance of sophisticated communications networks. Based in Herdon, Virginia, the Company has been selected to provide network communications services for such companies as The Gartner Group and Xerox.