Verifone Fact Sheet

Verifone is the global leader in secure electronic payment solutions, providing expertise, solutions and services that add value to the point of sale.

Key Facts About VeriFone

~150
Active Countries
#1 or #2
In Most Markets
26M+
Systems Installed Globally
5,300
Employees
37%
Revenue From Services
~ $1.86B
FY14 Revenue

Products & Markets

Verifone provides merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare industries. The company's solutions are utilized by merchants, processors and acquirers in developed and emerging economies worldwide.

R&D Facilities

Turkey, Australia, Argentina, Brazil, China, France, India, Ireland, Israel, Italy, Philippines, Poland, Russia, Spain, Taiwan, United Kingdom, United States, Uruguay

Recent Awards

  • 2015 Payments Power 10: Verifone CEO Paul Galant recognized at PayExpo 2015 for being internationally voted as one of the “Top 10 Contributors to the Payments Industry”
  • 2015 Contactless & Mobile Award (CMA): Verifone presented with a CMA for Commerce Enablement project with Sunoco.
  • 2015 NACHA Payments System Award: Verifone receives The George Mitchell Payments System Excellence Award for its leadership in user education and readiness in support of EMV.
  • 2015 Most Influential Women in Payments: Jennifer Miles, President of Verifone Americas, recognized by PaymentsSource as one of 2015’s Most Influential Women in Payments.
  • Verifone ranked as a Top 10 payment innovator by the Payments Innovation Index (Pii360) on March 20, 2015
  • 2014 FStech/Retail Systems Payments Awards:  Verifone won in the “Best In-Store Payments Solution” category for its Payment as a Service deployment for Gondola Restaurant Group.
  • RetailShow 2014: Verifone won Most Innovative Solutions award for its multimedia payment terminal solution.
  • 2014 Digital Out of Home Awards: Verifone Digital Network (VNET) won the Viewers’ Choice award for its Aria Resort & Casino promotion campaign, and “Best Execution Promoting a Brand within Industry Vertical” for AMEX Pay with Points.
  • DSA Crown Awards: Verifone won the gold in the “Point of Wait” category for its Aria Resort & Casino promotion campaign.
  • 2014 Stevie Awards:  Way2ride won the gold for New Transportation Product or Service of the Year, New Travel App, and Favorite New Transportation Products
  • The Banker’s Technology Project of the Year Award 2014: VeriShield Protect won Project of the Year in the Risk Management category
  • 2014 Golden Bridge Award: VeriShield Protect won the gold for Best Case Study and Deployment in the USA
  • 2014 Appy Award: Way2ride won the 2014 Appy Award for Best Mobile Payments
  • 2014 Merchant Payment Ecosystem Award PAYware Mobile won the mPOS category, the 2nd year in a row that Verifone has won a MPE Award.
  • 2014 PaymentsSource Most Influential Women in Payments Jennifer Miles, Vice President, Verifone Americas, recognized as one of the top 20 executives in the payment industry.
  • 2014 EuroShop Award Verifone H5000 countertop card reader won the Bronze in Retail Payments category.
  • 2014 CardNotPresent (CNP) Award: Way2ride won the Customer Choice Award in the Best Alternative Payments category
1980-1984
1985-1989
1990-1994
1995-1999
2000-2004
2005-2009
2010-NOW

1980-1984 Highlights & Important Events

  • Verifone founded and incorporated in Hawaii on April 14, 1981.
  • Verifone launches its first product - Veri-Fone (standing for VERIFication telephONE). Performed check verification and credit authorization. The Veri-Fone device was one of first terminals designed to replace voice authorization with electronic authorization of credit card transactions. First order received for 200 Veri-Fones from Tymshare.
  • The first Verifone office opens in downtown Honolulu, HI in 1982.

1985-1989 Highlights & Important Events

  • Verifone starts its Verifone International Partner (VIP) program in 1988, helping international partners develop and market system solutions to Verifone customers around the globe.
  • Verifone ships its 1 millionth system in 1989.
  • The Wall Street Journal touts Verifone as one of 56 "Corporate Stars of the Future."
  • Verifone hosts the first industry-wide conference on Transaction Automation.

1990-1994 Highlights & Important Events

  • In 1990, Verifone goes public, opening on the NASDAQ stock exchange.
  • Verifone is featured in Forbes Magazines as one of America's 200 Best Small Companies in 1991. The company is also featured in 1992 and 1995.
  • Verifone introduces the first smart card reader.
  • Verifone expands service offerings with Verifone Finance in 1994.

1995-1999 Highlights & Important Event

  • In 1995, Verifone moves from the NASDAQ to the New York Stock Exchange, listed as VFI.
  • In 1996, the company enters its 100th country, makes its debut on the World Wide Web and introduces a suite of Internet commerce products for consumers, merchants and processors.
  • In 1997, Verifone is acquired by Hewlett-Packard and is recognized by the Computerworld Smithsonian Awards for its visionary use of information technology in the field of Business and Related Services.

2000-2004 Highlights & Important Events

  • Verifone, Inc. is acquired by Gores Technology Group in 2001.
  • Verifone and McAfee develop the first POS payment terminal virus protection solution in 2004.
  • Verifone plays a crucial role in shift of food stamp benefits from a paper system to an electronic program.
  • Verifone expands dominance in Quick Service Restaurant (QSR) market with IP-enabled payment solutions.
  • Verifone expands global presence by opening regional headquarters in the Philippines.

2005-2009 Highlights & Important Events

  • Verifone Holdings Inc. holds its IPO, listing on the New York Stock Exchange with ticker symbol PAY in 2005.
  • Verifone opens an international headquarters in Singapore in 2006.
  • Verifone targets Latin America integrated systems growth with new regional integrated systems organization in 2008.
  • In 2009, PAYware Mobile for iPhone launched, allowing for secure mobile transactions.

2010-NOW Highlights & Important Events

  • Verifone Holdings changes its name to Verifone Systems, Inc.
  • PAYware Mobile Enterprise wins prestigious SESAMES awards at CARTES, Paris.
  • Verifone and Google partner to power NFC-based mobile payments.
  • In 2012, Verifone jumpstarts merchant EMV migration.
  • Verifone extends convenience store digital media reach with LIFT Retail acquisition.
  • Verifone ranked as a Top 10 payment innovator by the Payments Innovation Index (Pii360) on March 20, 2015