Trade.Information

Company Name: Verifone Inc.

Company Type: Manufacturer of secure electronic payment technologies

Company Profile

2006

• VeriFone announces definitive agreement to acquire Lipman Electronic Engineering Ltd., becoming the largest global provider of electronic payment solutions and services
• VeriFone MX870 wins European Payments Consulting Association and European Card Review Excellence in Payments Innovation awards
• VeriFone opens international headquarters in Singapore
• VeriFone sales of Vx Solutions payment systems exceed half a million
• VeriFone forms new Hospitality Systems group, focused on providing complete payment solutions for restaurants
• VeriFone's announces the VisualPayments Suite for retailers to manage data flow to and from consumer-facing devices in the checkout lane

2005

• VeriFone Holdings Inc. holds its IPO, listing on the New York Stock Exchange with Ticker Symbol PAY
• VeriFone launches the MX870, a new secure payment solution for multi-lane retailers with full-motion video and digital stereo sound to deliver branding, promotion and advertising to the POS
• VeriFone launches its Vx 610 wireless payment solution
• VeriFone introduces the customer facing Omni 7000LE payment system for multi-lane retailers
• VeriFone receives the 2005 Product Line Strategy Leadership Award from Frost & Sullivan
• VeriFone enters into joint venture with TaxiTronics to create VeriFone Transportation Systems, delivering payment and value-added solutions to the transportation market.
• VeriFone launches the Vx 570, a new countertop payment system in the Vx Solutions line
• VeriFone completes acquisition of GO Software from Return On Investment Corporation

2004

• VeriFone acquires the assets of GO Software from Return On Investment Corporation
• VeriFone and McAfee announce joint development of the POS payment terminal industry’s first virus protection solution
• VeriFone announces the launch of Vx Solutions, its next-generation of payment solutions
• VeriFone certifies its contactless reader module for the Omni 7000MPD family of modular payment devices by MasterCard® PayPass™ and ExpressPay from American Express
• VeriFone launches Enhanced Communications campaign to promote wireless and Internet-based credit and debit card transaction processing
• VeriFone introduces the Omni 3730 and Omni 3730 LE to the U.S. market
• Burger King Corporation installs VeriFone Omni 3750 point of sale systems in all company-owned BURGER KING® restaurants across the U.S.
• VeriFone plays a crucial role in the shift of Food Stamp benefits from a paper-based system to an electronic benefits transfer (EBT) program.
• VeriFone teams with leading card payment processing system in provider in Europe to introduce a new pre-certified plug and play Chip and PIN solution
• VeriFone announces contactless reader module for Omni 7000MPD family of payment solutions
• Barnes & Noble deploys VeriFone EverestPlus point of sale systems to stores nationwide
• VeriFone expands its dominance of the Quick Service Restaurant (QSR) marketplace with its IP-enabled payment solutions
• VeriFone’s Value-added Partner (VAP) Program delivers new value-added applications to merchants
• Omni 7100MPD delivers modularity, Ethernet, signature capture and industry's brightest ¼ VGA touch screen
• VeriFone expands global presence by opening regional headquarters in the Philippines

2003

• Quick service restaurant (QSR) and ‘drive thru’ industry become large growth area for payments
• VeriFone’s Omni 7000 MPD delivers modularity to multi-lane retailers with field-upgradeable sig-cap, smart card and Ethernet modules
• VeriFone Omni 3750 recognized as ‘The World’s Fastest Terminal’, producing processing times of 2-4 seconds over secure IP connection.
• VeriFone’s best-selling Omni 3200 improved with faster processing and smaller footprint in the new Omni 3200SE
• VeriFone Introduces PINpad 1000SE to meet Global Triple DES and Visa International PED requirements
• VeriFone first to Support EMV, TDES and PED Security Across Entire Solution Portfolio
• VeriFone’s Omni 3600 mobile wireless payment solution is first to utilize benefits of CDMA 2000 1X, GPRS and Wi-Fi
• The VeriFoneZONE(sm) web portal is launched, creating web-based ISO sales support center.

2002

• VeriFone introduces SC 5000 smart programmable PINpad for EMV and 3DES security compliance
• VeriFone’s CR1000i makes check conversion and imaging a reality for all merchants
• Recapitalization of VeriFone, Inc. by GTCR Golder Rauner, LLC
• VeriFone petroleum/c-store solutions selected by Shell Oil Products US as a strategic provider of point-of-sale systems

2001

• Omni 3700 family of systems introduced
• VeriFone, Inc. -- acquired by Gores Technology Group
• VeriPASS interactive demo donated to the San Jose Tech Museum of Innovation
• VeriFone donates Omni 3600 and Omni 3350 to British Museum display
• First Verix Innovation Awards recognize VeriFone International Partners (VIPs), customers, Developer Forum members
• VeriFone Achieves EMV Level 1 and Level 2 Type Approval for SoftPay EMV Software running on Omni 3350 payment terminals
• VeriFone launches Omni 3600 wireless, multi-application payment terminal
• VeriFone launches Omni 3210 with internal PINpad
• VeriFone launches VeriCentre Download Management Module, Message Management Module, Information Collection Module and Remote Diagnostics Module
• VeriFone launches VeriPASS contactless smart card payment solution for Petroleum/C-store market

2000

• VeriFone launches global payment platform featuring Verix multi-application architecture, VeriShield security architecture, SoftPay payment software, VeriCentre Appliance Management Suite, Omni 3300/3350 terminals, and the Verix Developer Toolkit.
• VeriFone's Global Payment Platform Earns Market Engineering Award from Frost & Sullivan
• VeriFone Internet connectivity introduced via direct TCP/IP communications
• EverestPlus multi-lane customer activated terminal is launched
• VeriFone launches CR1000i check reader/imaging peripheral

1999

• VeriFone launches Omni 3200 payment terminal - becomes VeriFone's best selling terminal to date

1998

• Corporate offices move into new building in Santa Clara, CA
• Rite Aid chooses VeriFone SC 250 smart card peripherals for e-gift program
• VeriFone launches Integrated Payment Solution

1997

• Recognized by Computerworld Smithsonian Awards for visionary use of information technology in the field of Business and Related Services
• Hewlett-Packard Company acquires VeriFone
• VeriFone launches CR 600 MICR check reader
• VeriSmart and Personal ATM used in largest smart card pilot in U.S.

1996

• Company debuts on World Wide Web
• VeriFone introduces suite of Internet commerce products for consumers, merchants and processors
• VeriFone enters its 100th country

1995

• Moved from NASDAQ to New York Stock Exchange-listed as VFI
• VeriFone introduces industry leading SC55x consumer activated smart card PINpad.
• VeriFone launches Everest payment terminal for customer-activated multi-lane market

1994

• VeriFone expands service offering with VeriFone Finance
• VeriFone delivers industry's first low-cost high-security smart card PINpads which are certified in the Netherlands and Germany

1993

• VeriFone introduces first smart card product of its own design, the CM 450, in Singapore and France

1992

• VeriFone launches Ruby SuperSystem for Petroleum/C-store market
• VeriFone launches Omni 490 for customer-activated multi-lane retail market

1991

• Forbes Magazine chooses VeriFone as one of America's 200 Best Small Companies (also chooses VeriFone for this honor in 1992 and 1995)
• VeriFone introduces first smart card reader
• VeriFone launches Tranz 380 and Omni 480 terminals. Omni 480 technology awarded two patents.

1990

• Company goes public; stock opens on NASDAQ stock exchange

1989

• VeriFone selected as one of fastest growing high-tech startups by Business week
• 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
• Company launches the Printer 250

1988

• VeriFone International Partner (VIP) program begins
• Handheld PINpad 101 debuts. Becomes the best selling PINpad in the world.

1987

• TRANZ 330 terminals introduced, becomes world's best selling transaction payment terminal. It is the first VeriFone terminal that accepts both credit and debit cards, allowing electronic draft capture and settlement with banks.

1986

• ZON Jr XL—first electronic data interchange (EDI) capable terminal for the industry, allowing network transmission of data to host computers, and supporting printers, PIN pads and other peripherals
• Hatim Tyabji hired as VeriFone CEO

1985

• Total of 755 million credit and debit cards in the U.S., 43% of all U.S. households have at least one bankcard
• VeriFone launches ZON Jr PLUS - first soft terminal (programmable keys)
• VeriFone introduces the VeriFone PINpad 201

1984

• VeriFone launches the ZON Jr, the first low-cost authorization terminal. It was the most successful credit verification terminal of its time. Initial shipment to Visa.

1983

• ZON, son of Veri-Fone, is born (uses Zilog Z80 microprocessor). Performs check verification and credit authorization only. First major ZON contract with Security Pacific Bank.

1982

• First official VeriFone office opens in downtown Honolulu, HI

1981

• 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.

  About Company

  By any measure, VeriFone is the global leader in secure electronic payment technologies. Our size, scale and expertise provide unrivalled breadth and flexibility to our customers and partners.  With more installed systems than any other company we have access to a storehouse of hands-on knowledge and experience we can share with the marketplace. With distribution to more than 100 countries we’re available and ready to assist wherever business is conducted.

  While global in scale, VeriFone serves customers through an efficient network of smaller distributed locations around the world rather than a traditional operation with a central headquarters.  This structure includes recognized Centers of Excellence—local offices and teams that take the lead on developing products based on emerging technologies. Any time of day, somewhere in the world, VeriFone employees are working to create innovative payment solutions, and to customize and fine-tune them to market requirements.

  Purpose-inspired design for specific business needs
  Major changes in worldwide standards and the emergence of a variety of new technologies have put tremendous demands on the electronic payment industry.  As a result VeriFone has allocated  hundreds of millions of dollars for product and technology research and development over the past five years.  Our goal, to create the best, most needed solutions and to ensure we provide customers the right product families.

  All of our product and marketing decisions are driven by purpose-inspired design—where we work closely with customers globally to obtain direct input into product development. VeriFone averages dozens of new products a year based on customer input, a remarkable record of innovation. Yet even with that steady flow, many of our products, such as Tranz and Omni devices, are still in use a decade or more after their introduction. That longevity means quality and superior value for customers.

  Local connections that bring us closer to customers
  While VeriFone’s reach extends to many countries, our extensive network of offices, development centers, partners, and field personnel is what truly enables us to collaborate with customers.  Wherever VeriFone operates, we apply our expertise in product certification and standards to ensure you receive the highest levels of performance, compliance, security, and interoperability.

  Our VeriFone International Partners (VIP) program includes nearly 100 select partners. Our developer network numbers more than 700 firms. We also maintain close relationships with financial institutions, card associations, governments, and virtually any type of organization active in electronic commerce to provide and represent our customers on the latest developments in payment technology.

  Unmatched delivery, unmatched dependability
  Drawing upon both quality-certified internal manufacturing facilities and proven, outsourced organizations, VeriFone applies exceptional design and engineering expertise to ensure that products reach customers as promised and perform as expected. Having dual manufacturing capability provides us flexibility to handle any order, from large runs to special projects. In addition, we have a more comprehensive understanding of market sourcing issues, increasing our understanding of component prices and performance, and ensuring we are providing our customers the most dependable supply source they can find.

  Many of VeriFone’s engineers and delivery staff have been with the company 20 years or more. They serve on standards committees, consult with card associations and processors, and help establish regulations for security and other key requirements. Further, technical professionals, consultants and training personnel go wherever needed to install and configure systems, improve the user experience, and troubleshoot issues.

  A world of secure payment solutions
  VeriFone is a leader in bringing virtually all types of hardware, software, and electronic payment solutions to market.  Our product line includes every type of payment system a merchant might need and is backed by unsurpassed consulting, training, and support for partners and end-users alike.

  Equally important, we have worked hard to ensure broad interoperability—both within and across our platforms and product lines—to maximize value for your business.

  VeriFone leads in every segment:

  • Countertop—Compact, easy-to-install…from credit-only to multi-application devices
  • Wireless—Sleek handhelds or portables, taking advantage of the latest technologies
  • Integrated Retail—From industry workhorses to the latest multimedia systems
  • Unattended—Fast, easy to use, and secure self-service solutions
  • Petroleum & C-Store—Fuel automation, business management capabilities, and payment
  • Software—Payment modules, server-based software, value-added applications, and our VisualPayments Suite—bringing a new dimension to payment
  • Peripherals—PIN pads, contactless card readers, and more
  • Managed Services—Hosted solutions for estate management, value-added applications, and payment consolidation and reporting
  • Support Services—Training, consulting, and world-class deployment

  Your first call…your fastest answer
  Whatever your needs, wherever you are, VeriFone should be the first name that comes to mind. Our agile, distributed, worldwide organization means that you can count on a fast response every time. And our focus on innovative, market-proven electronic payment solutions ensures you’ll get exactly what you need.  First, fast, and focused. VeriFone is THE WAY TO PAY™.

  Related Information

  VeriFone Corporate Overview (PDF File)

  Address:	Zealand Hatch,2099 Gateway Place	City: San Jose      State:: CA
  Contact:	Dan Yienger (Vice President, Petroleum Sales)	Phone: 1-408-2327828      Fax:: N/A
  Website:	http://www.verifone.com	Email:
  Registered:	23 October, 2007 01:27
  Company Products:	MX Solutions Payment Devices, VeriFone Countertop Payment Solutions, VeriFone EMV Compliant Payment Devices, VeriFone IP-enabled Payment Solutions, VeriFone Multi-application Products, VeriFone Multi-lane Payment Solutions, VeriFone Point-of-Sale PINpads, VeriFone Portable Payment Devices, VeriFone Receipt Printers, VeriFone Smart Card Enabled Payment Solutions, VeriFone Smart Card Peripherals, VeriFone Software, VeriFone Unattended & Outdoor Payment Devices, Vx Solutions Payment Devices
  Related Company:	Franklin Fueling Systems