VeriFone adds former Mastercard CEO Pete Hart to board of directors

Source: VeriFone

VeriFone Holdings, Inc. (NYSE: PAY), the world's leading provider of electronic payment solutions, today announced the appointment of Alex W. (Pete) Hart to its Board of Directors, effective July 1, 2006.

Mr. Hart served as President and CEO of Mastercard International (NYSE: MA) from 1988 to 1994. Concurrently, he also served as Chairman of the Board of Maestro International and was a member of the board of Europay International.

Mr. Hart was the founding Chairman of the Board of CIRRUS, former President and CEO of First Interstate Services Company, and former General Manager of the Card Services Group of First National Bank of Chicago.

Douglas G. Bergeron, Chairman and CEO of VeriFone, said: "We are truly honored to have Pete Hart join our Board. His rich experience in the payment industry, specifically in the international markets, will bring great benefit to our rapidly expanding business."

Mr. Hart currently is Chairman of Silicon Valley Bank, and also sits on the boards of Global Payments (NYSE: GPN), Fair Isaac, and a number of private companies.

Pete Hart is a graduate of Harvard University.

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