Verifone

Verifone, Inc.
Company typePrivate
IndustryBanking & finance, electronics
Founded1981 (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
  • US$1.8 billion (2014)
Total assets
  • US$3.748 billion (2012)
Total equity
  • US$1.384 billion (2013)
Owner
Number of employees
5,000
Websiteverifone.com
Footnotes / references

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. 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. 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.