VeriFone is a leading global provider of technology that enables electronic payment transactions and value-added services at the point of sale. Since 1981, VeriFone designed and marketed system solutions that facilitate the long-term shift toward electronic payment transactions and away from cash and checks. VeriFone has one of the leading electronic payment solutions brands and are one of the largest providers of electronic payment systems worldwide.
VeriFone system solutions consist of point of sale electronic payment devices that run VeriFone proprietary operating systems, security and encryption software and certified payment software as well as third party, value-added applications. VeriFone system solutions are able to process a wide range of payment types including signature and PIN-based debit cards, credit cards, contactless / radio frequency identification, or RFID, cards, smart cards, pre-paid gift and other stored-value cards, electronic bill payment, check authorization and conversion, signature capture and electronic benefits transfer, or EBT. VeriFone proprietary architecture was the first to enable multiple value-added applications, such as gift card and loyalty card programs, healthcare insurance eligibility and time and attendance tracking, to reside on the same system without requiring recertification upon the addition of new applications. Today VeriFone are an industry leader in multi-application payment systems deployments.