VeriFone to Acquire Trintech's Payment Systems Business

The acquisition includes a range of payment systems that willsupport and extend VeriFone's existing offerings for merchants andfinancial institutions. VeriFone will take over distribution of thoseproducts and will provide existing customers with service and support.

Trintech is divesting its payment systems business to concentrateon its transaction reconciliation software products and services,which allow customers to optimize enterprise funds managementperformance, including transaction verification, accountreconciliation, process management and compliance.

"The acquisition continues VeriFone's expansion into new growthmarkets," said VeriFone Chairman and CEO, Douglas G. Bergeron."Trintech built a track record of innovation and leadership inunattended payment systems and EFT software. The acquisition ofTrintech's payment business and its strong customer relationships willfurther enhance VeriFone's leadership in the growing and ever changingelectronic payments business."

"We are confident that the acquisition of our payment systemsbusiness by VeriFone is a strong fit with VeriFone's global positionin the secure electronic payment technologies marketplace," saidTrintech Chairman and Chief Executive Officer, Cyril McGuire."Trintech is reinforcing its strategic focus on its core competence inthe Funds Management business. This strategic sale is designed toallow Trintech to aggressively expand its transaction reconciliationsoftware business globally servicing customers in the commercial,financial and healthcare markets."

Under the terms of the Agreement, VeriFone will pay Trintech $12.1million cash for all of the outstanding shares of a newly-formedsubsidiary which, prior to closing, will hold substantially all of theassets and liabilities of the payment systems business of Trintech.The purchase price is subject to adjustment based on the workingcapital of the business and other accruals at the closing date.Trintech's board of directors has approved the sale, which is subjectto customary closing conditions and is expected to close by the end ofAugust, 2006.

Trintech will provide further information on this transaction onits next quarterly earnings call scheduled for Wednesday 23rd August,2006.

William Blair & Company, LLC and Ion Equity acted as financialadvisors to Trintech Group PLC. Financial Technology Partners LP andFTP Securities LLC (together "FT Partners") acted as financial advisorto VeriFone.

About Trintech Group

Trintech Group is a leading provider of transaction reconciliationand payment infrastructure solutions to retailers, financialinstitutions, payment processors and network operators globally. Builton 19 years of experience, Trintech's solutions manage each area ofthe payment transaction cycle from authentication, authorization,settlement, dispute resolution and reconciliation - enabling itscustomers to reduce transaction costs, eliminate fraud, minimize risk,maximize cashflow and increase profitability. Trintech can becontacted in Ireland at Trintech Building, South County Business Park,Leopardstown, Dublin 18 (Tel: +353 1 2074000), in the US at 15851Dallas Parkway, Suite 855, Addison, TX 75001 (Tel: +1 972 701 9802),in Uruguay at Technology & Business Park, Zona America - Ruta 8 Km.17.500, Of. 006 - Local 310, ZIP 91.600, Montevideo (Tel: + 598 2 5182250), and in the UK at The Colonnades, Beaconsfield Close, Hatfield,Hertfordshire, AL10 8YD (Tel: +44 1707 632900).

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

VeriFone Holdings, Inc. ("VeriFone") (NYSE: PAY), a global leaderin secure electronic payment technologies, provides expertise,solutions and services for today with a migration strategy fortomorrow. VeriFone delivers solutions that add value to the point ofsale, resulting in improved merchant retention and the generation ofnew sources of revenue for its partners and customers. VeriFonesolutions are specifically designed to meet the needs of verticalmarkets including financial, retail, petroleum, government andhealthcare.

Forward-Looking Statements

Certain statements in this press release may constitute"forward-looking statements" within the meaning of the PrivateSecurities Litigation Reform Act of 1995. These statements are made onthe basis of the views and assumptions of the management of VeriFoneHoldings, Inc. and Trintech Group PLC regarding future events andbusiness performance as of the time the statements are made and theydo not undertake any obligation to update these statements. Actualresults may differ materially from those expressed or implied. For alist and description of such risks and uncertainties, with respect toVeriFone, see its filings with the Securities and Exchange Commission(the "SEC"). For a description of such risks and uncertainties, withrespect to Trintech, see the Report of Foreign Issuer on Form 6-K ofTrintech Group PLC for the quarter ended April 30, 2006 under theheading "Factors That May Affect Future Results."