Verifone Company Market Research Report
Company Overview
Name
Verifone
Mission of the Company
Verifone aims to shape ecosystems to enable powerful online and in-person commerce experiences, providing solutions that meet customers’ payment needs from secure payment devices to eCommerce tools and advanced business insights.
Founding Information
Founded: April 14, 1981
Founder: William “Bill” Melton
Key People
- Himanshu Patel – Chief Executive Officer
- Anish Mehta – Chief Financial Officer
- Mark Robilotti – General Counsel
- Thano Thanabalasingam – EVP, Global Engineering
- Paul Jefford – EVP, Cloud & Cyber Services
- Tom Weikart – EVP, Global Operations
- Prasanna Narayan – EVP, Product
- Tyler Thorne – EVP Payments
- Liz Urheim – Chief Marketing Officer
- Bulent Ozayaz – President, EMEA
- Paris Tsounias – President, APAC
- Federico Vilanova – EVP, Head of Latin America
- James Carrigan – EVP North America
- Tim Aden – EVP Global Partnerships
- James Hervey – Head of Petro
Headquarters
2744 N University Drive, Coral Springs, FL 33065, US
Number of Employees
No information is available.
Revenue of the Company
No information is available.
Known For
Verifone is known for processing secure transactions through their gateways, providing seamless payment solutions across more than 165 countries worldwide, offering omnichannel payment ecosystems.
Products
General Product Information
Verifone offers a variety of payment solutions that include in-person payments, online payments, and omnichannel solutions. These solutions are designed to create captivating commerce experiences and enable seamless operations for businesses in different sectors.
High Level Description of Products
- In-Person: Personalized in-store payment experiences.
- Online: Solutions aimed at growing and retaining online customer conversions.
- Omnichannel: Unified solutions to create lasting relationships across commerce platforms.
Key Features of Each Product
- In-Person Payments:
- Robust in-store payment devices
- Secure and fast transactions
- Personalized customer interactions
- Online Payments:
- User-friendly online payment interfaces
- Support for multiple currencies and payment methods
- High conversion rates of online shoppers
- Omnichannel Payments:
- Integration across in-store, online, and mobile platforms
- Consistent customer experiences
- Cross-channel returns and loyalty programs
Recent Developments
Recent Developments in the Company
- 2023: Verifone rebranded itself as Payments Architects, introducing a new brand and website that reflects their commitment to providing omni-commerce solutions.
- 2022: Verifone's annual global gateway activity surpassed 12 billion transactions totaling $450+ billion, a testament to their renewed strategy.
- 2020: Acquisition of 2Checkout, an all-in-one monetization platform, to strengthen their online payment services.
- 2018: Acquired by Francisco Partners for $3.4 billion, setting a new strategy aimed at providing merchants with future-proof omnichannel solutions.
New Products Launched
No information is available.
New Features Added to Existing Products
No information is available.
New Partnerships
- Partnership with Logos (Year not specified): Strategic partnership to enhance payment solution offerings.
- Partnership with Affirm: Developed a solution for Buy Now Pay Later (BNPL) services.
- Partnership with Check Point Software: Chosen for their secure payment solutions.
Conclusion
Verifone remains a leader in the payment solutions industry by continuously innovating and expanding its offerings. With a rich history dating back to 1981, it has evolved to meet the shifting demands of global commerce through strategic acquisitions and comprehensive solution offerings. Their recent rebranding as Payments Architects reflects their dedication to shaping powerful customer experiences across every imaginable commerce platform.
