VeriFone adds Charles Rinehart to board of directors

VeriFone Holdings, Inc. (NYSE: PAY), the world's leading provider of electronic payment solutions, today announced the appointment of Charles R. Rinehart to its Board of Directors.

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Mr. Rinehart served as Chairman and CEO of H. F. Ahmanson, a former Fortune 500 company and parent company of Home Savings of America, from 1993 to 1998 when it was sold to Washington Mutual Bank.

Mr. Rinehart has previously served as a director of Kaufman and Broad, Union Bank of California, the Federal Home Loan Board of San Francisco, and PacifiCare.

Douglas G. Bergeron, Chairman and CEO of VeriFone, said: "We are delighted to have Charlie Rinehart on our board. He is a highly respected financial services executive and director and will bring additional experience and depth to the VeriFone board as we expand our operations worldwide."

Mr. Rinehart is a graduate of the University of San Francisco and served in the US Army as an officer in the 82nd Airborne Division.

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