Summary of VERIFONE SYSTEMS, INC.

Item 1.01 Entry into a Material Definitive Agreement.

On December 28, 2011, VeriFone, Inc. (the "Borrower") entered into a credit agreement (the "Credit Agreement") among VeriFone Intermediate Holdings, Inc. ("Holdings"), the lenders party thereto, and JPMorgan Chase Bank, N.A. ("JPM"), as Administrative Agent (the "Administrative Agent") in an aggregate amount of $1,500.0 million, consisting of $918.5 million term A loans, $231.5 million term B loans, and a $350.0 million Revolving loan of which $300.0 million was drawn on such date, as more fully described in our Form 8-K filed on January 4, 2012.

On October 15, 2012, the Borrower and Holdings entered into an Additional Credit Extension Amendment (the "Extension Amendment") to the Credit Agreement, with a group of lenders (the "Extension Lenders") and the Administrative Agent. Pursuant to the Extension Amendment, the Extension Lenders extended to the Borrower add-on term A loans in the aggregate amount of $109.5 million and provided add-on revolving commitment increases in an aggregate amount of $75.5 million, in accordance with and subject to the terms and provisions of the Credit Agreement.

VeriFone intends to utilize proceeds from borrowings under the Credit Agreement for general corporate purposes, including voluntary and scheduled prepayments on borrowings from time to time. As of October 15, 2012, after giving effect to the Extension Amendment and payments made to date on borrowings outstanding under the Credit Agreement, we had an aggregate amount under the Credit Agreement of $1,518.9 million, consisting of $993.6 million in term A loans, $99.8 million in term B loans and a $425.5 million Revolving loan, of which $210.0 million was drawn and outstanding as of such date.

The foregoing description of the Extension Amendment does not purport to be complete and is qualified in its entirety by reference to the Extension Amendment, which is attached as Exhibit 10.1 to this current report on Form 8-K and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d)  Exhibits.

10.1   Additional Credit Extension Amendment, dated as of October 15, 2012, by
       and among VeriFone, Inc., VeriFone Intermediate Holdings, Inc., the
       Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative
       Agent.