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History of VeriFone:
VeriFone was founded by William "Bill" Melton and incorporated in Hawaii in 1981, and named itself after its first product, the name standing for Verification telephone.
Since the late 1980s, VeriFone has held more than 60 percent of the U.S. market, and during the 1990s the company captured more than half of the international market for such systems. In 1996, the company placed its five millionth system. Domestic and international sales of POS systems continue to form the majority of VeriFone's annual sales, which hit $387 million in 1995 and were expected to top $500 million in subsequent years.
The sudden growth of the Internet, and especially the World Wide Web, in the mid-1990s created a demand for secure online financial transaction applications. VeriFone has taken the lead in designing applications conforming to the Secure Electronic Transaction (SET) standards developed by Visa Inc. and MasterCard.
VeriFone Company Profile:
VeriFone is an American multinational corporation headquartered in San Jose, California, is a global provider of 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.
As a global company, verifone have headquarters representing each of its core global areas of operation: San Jose, California; London, U.K.; Singapore; Turkey; and Miami, Florida. Verifone is dedicated to supporting local markets and needs with a direct presence in more than 45 countries.
payment terminals (Vx, VX and MX lines), tablet-based POS software (GlobalBay and GlobalBay Merchant), POS systems for the petro and convenience industry, payment services, taxi media and advertising, LiftRetail loyalty and upselling solution for petro and convenience).
|Company Name||VeriFone Systems Inc.|
|Founder(s) or Key People||William "Bill" Melton|
|Headquarters||San Jose, California, USA|
|Industry||Banking & Finance, Electronics|
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