Verifone

Not to be confused with Veritone.

Verifone, Inc.
Company typePrivate
IndustryBanking & finance, electronics
Founded1981; 43 years ago (1981) in Hawaii, U.S.
FounderWilliam "Bill" Melton
HeadquartersNew York City, New York, U.S.
Area served
Worldwide
Key people
Himanshu Patel (CEO)
Products
  • Payment terminals
  • tablet-based POS software
  • POS systems for the petro and convenience industry
  • payment services
  • taxi media and advertising
  • loyalty and upselling solution
ServicesPayment as a service
Revenue
  • Increase US$1.8 billion (2014) [1]
Total assets
  • Increase US$3.748 billion (2012) [2]
Total equity
  • Increase US$1.384 billion (2013) [3]
Owner
Number of employees
5,000
Websiteverifone.com
Footnotes / references
[4]

Verifone, Inc. is an American multinational corporation headquartered in New York City, New York. Verifone provides technology for electronic payment transactions and value-added services at the point-of-sale.[5][6][7][8][9] Verifone sells merchant-operated, consumer-facing and self-service payment systems to the financial, retail, hospitality, petroleum, government and healthcare industries. The company's products consist of POS electronic payment devices that run its own operating systems, security and encryption software, and certified payment software, and that are designed for both consumer-facing and unattended environments.

Its products process a range of payment types, including signature and personal identification number (PIN)-based debit cards, credit cards, contactless/radio frequency identification cards, smart cards, prepaid gift and other stored-value cards, electronic bill payment, check authorization and conversion, signature capture and Electronic Benefit Transfer (EBT).

In 2018, Verifone was acquired by Francisco Partners for $3.4 billion.[10] The company's architecture enables multiple applications, including third-party applications, such as gift card and loyalty card programs, healthcare insurance eligibility, and time and attendance tracking, and allows these services to reside on the same system without requiring recertification upon the addition of new applications.

  1. ^ "Verifone Holdings (WIKI ANALYSIS)". wikiinvest. October 3, 2014. Archived from the original on July 19, 2018. Retrieved October 5, 2014.
  2. ^ "Verifone Systems Total Assets (Quarterly)" (XBRL). YCHARTS. April 1, 2012. Retrieved October 5, 2014.
  3. ^ "Verifone Systems Shareholders Equity (Quarterly)". wikiinvest. January 3, 2013. Retrieved October 5, 2014.
  4. ^ "2013 Form 10-K, VERIFONE SYSTEMS INC". United States Securities and Exchange Commission. October 31, 2013. Retrieved October 5, 2014.
  5. ^ "Verifone, Inc. (PAY) ranked TOP in NASDAQ research report". ZACKS. Archived from the original on April 28, 2019. Retrieved June 28, 2014.
  6. ^ "Markets Open Higher; Verifone Profit Tops Street View". NASDAQ.
  7. ^ Pallivathuckal, Anne. "VeriFone profit tops estimates, to cut 500 jobs". MarketWatch. Retrieved September 15, 2019.
  8. ^ Cook, Garrett (June 6, 2014). "Mid-Morning Market Update: Markets Gain On Jobs Data; VeriFone Earnings Beat Estimates". Benzinga. Retrieved September 15, 2019.
  9. ^ "Verifone Systems (NYSE: PAY) Investor Relations". Archived from the original on August 16, 2013.
  10. ^ Cite error: The named reference 2018 Article A was invoked but never defined (see the help page).