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VERIFONE AND NTN SIGN RESELLER AGREEMENT TARGETING MULTI-LANE RETAIL MARKETS

 REDWOOD CITY, Calif., Oct. 11 /PRNewswire/ -- VeriFone, Inc. (NASDAQ: VFIC) and National Transaction e?twork, Inc. (NTN) (OTC Bulletin Board: NTNI) today announced the signing of a reseller agreement to provide complete Transaction Automation solutions for supermarkets and other multi-lane retailers. Designed to address the market's growing demand for in-lane debit and credit card payment processing and electronic check authorization, the agreement combines the resources and expertise of two industry leaders: VeriFone, the dominant global provider of debit transaction systems for the point of sale, and NTN, a premier supplier of electronic payment processing software to the supermarket industry.
 "The major beneficiaries of this agreement are the multi-lane retailers," said Roger Hitchcock, general manager of VeriFone's Retail Business Unit. "Until now, merchants could choose VeriFone or NTN, but not both. By combining the capabilities of our two companies, we give our customers tremendous flexibility, and together create a solution that the market needs and welcomes."
 Under the terms of the agreement, NTN becomes a reseller of VeriFone systems, including the OMNI(TM) 490 platform -- the company's popular shopper-activated in-lane payment processing system. NTN plans to develop software applications for VeriFone's OMNI 490 system, and market the system solutions throughout the United States. VeriFone will provide technical assistance and product training in support of NTN sales activities.
 "NTN's electronic payments software, combined with the new generation of VeriFone systems, will provide retailers with one of the most powerful payment solutions available today," said Paul Siegenthaler, executive vice president of NTN. "This alliance strengthens NTN's position as the leading provider of EPS software solutions and meets our objective of providing payment platform alternatives. We are able to concentrate on developing quality software applications that allow retailers to combine NTN software with the hardware that best meets their needs."
 VeriFone, Inc.
 VeriFone, Inc., based in Redwood City, Calif., is a leading global provider of Transaction Automation solutions used to deliver payment processing and other transaction services to the retail, healthcare and government markets. The company has more than 30 facilities -- including regional offices, development centers, and manufacturing and distribution centers -- located throughout the United States and in or near Frankfurt, Germany; London; Madrid, Spain; Milan, Italy; Paris; Singapore; Sydney, Australia; Taipei and Kaohsiung, Taiwan, R.O.C.; and Bangalore, India. To date, VeriFone has shipped more than 3.1 million Transaction Automation systems, which have been installed in over 70 countries. The company's 1992 revenues totaled $226.1 million. VeriFone was named one of the 200 best small companies by Forbes in 1991 and 1992, and one of the 100 best companies in California by California Business in 1992 and 1993.
 National Transaction Network, Inc.
 NTN designs, integrates, markets and maintains electronic payment systems and specializes in applications for multi-lane retailers. NTN is the leading software provider of EPS to the supermarket industry, with over 22,000 check-out lanes installed nationally. The NTN PINnacle(TM) Payment System integrates to IBM, ICL, and NCR POS systems. It can also operate as a stand-beside system. NTN's customers include Albertsons, The Kroger Co., A & P, Giant Eagle, and Spartan Stores. NTN, headquartered in Hudson, Mass., is a public company, listed on the OTC Bulletin Board (NTNI).
 NOTE: VeriFone is a registered trademark of VeriFone, Inc. OMNI is a trademark of VeriFone, Inc. PINnacle is a trademark of National Transaction Network, Inc.
 -0- 10/11/93
 /CONTACTS: David Barnes of VeriFone, 415-696-8823; or Michelle Graff of National Transaction Network, 508-562-6500; or Beth Pampaloni of Wilson McHenry Co., 415-592-7600, for VeriFone/
 (VFIC NTNI)


CO: VeriFone Inc.; National Transaction Network Inc. ST: California, Massachusetts IN: CPR REA SU:

TM -- SJ004 -- 0701 10/11/93 12:59 EDT
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Date:Oct 11, 1993
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