Last $36.07 USD
Change Today -0.73 / -1.98%
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As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

verifone systems inc (PAY) Snapshot

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52 Week High
06/17/14 - $38.26
52 Week Low
12/18/13 - $22.60
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Current Stock Chart for VERIFONE SYSTEMS INC (PAY)

verifone systems inc (PAY) Details

VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. It provides countertop electronic payment systems that accept card payment options, such as NFC, mobile wallets, chip and PIN, and contactless payments, as well as support credit and debit card, EBT, EMV, and other PIN-based transactions; an array of software applications and application libraries; and portable solutions that support 3G, GPRS, Bluetooth, and WiFi technologies. The company also offers multimedia consumer facing POS devices; unattended and self-service payment solutions designed to enable payment transactions in self-service environments; and integrated electronic payment systems that combine electronic payment processing, fuel dispensing, and ECR functions, as well as payment systems for integration. In addition, it provides mobile payment solutions for various segments of the mobile point of sale environment; contactless peripherals; network access solutions; security solutions; payment-as-a-service and other managed services, terminal management, payment-enabled media, and payment system security solutions; and server-based payment processing software and middleware. Further, the company offers equipment repair or maintenance, gateway processing, remote terminal management, software post-contract support, customized application development, helpdesk, customer service, warehousing, and encryption or tokenization services. It serves financial institutions, payment processors, petroleum companies, transportation companies, government organizations, healthcare companies, quick service restaurants, taxi fleets, advertisers and media companies, merchants and retailers; and distributors, resellers, system integrators, and independent sales organizations. The company was formerly known as VeriFone Holdings, Inc. and changed its name to VeriFone Systems, Inc. in May 2010. VeriFone Systems, Inc. is headquartered in San Jose, California.

5,699 Employees
Last Reported Date: 12/19/13

verifone systems inc (PAY) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $2.3M
Chief Financial Officer, Principal Financial ...
Total Annual Compensation: $336.1K
President of Americas
Total Annual Compensation: $393.1K
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $386.9K
Compensation as of Fiscal Year 2013.

verifone systems inc (PAY) Key Developments

Turkish Airlines Boards Payment as a Service from Verifone

Verifone announced that its complete Payment as a Service solution has been selected by Turkish Airlines to meet the needs of its 6,000 ticketing offices and agencies. The company will provide a single-source solution, including help desk, field services, hosting, and hardware and software services. Payment as a Service from the company provides Turkish Airlines maximum flexibility while alleviating the burden of integration, management and cost volatility. Turkish Airlines originally leveraged the platform in its own ticketing offices before expanding the deployment to its agencies this past summer. The initial deployment of 1,000 offices is expected to grow to a total of more than 6,000. The company 's integrated platform enables Turkish Airlines to securely accept cards from 12 different banks, process installment payments, simplify reporting across its SAP accounting systems and streamline PCI management. It also sets the stage for the airline to enhance customer service by supporting loyalty programs offered by cardholders' banks. Payment as a Service from the company combines world-class hardware, software, and services in a flexible and robust managed services suite with a cost-predictable subscription model to ensure simplicity and deliver an optimal customer experience. Additional Resources: Payment-as-a-Service from the company; and Rise above payment complexities.

Verifone MX Terminals Receive Pan-European Certification

Verifone announced that its MX 915 and MX 925 payment terminals have been granted SEPA Common Criteria certification by the Dutch Certification Body (NSCIB). This pan-European certification enables the company to provide European markets with its multi-media terminals, which can connect to the company's commerce enablement platform. In addition to supporting all payment methods, including NFC, the company's MX 900 series features stunning digital color displays, high-speed graphic processors and large memory capacities that enable retailers to deliver targeted promotional content to consumers at the point of sale (POS). In addition to supporting all types of payment methods, including NFC, the company's MX 900 series features stunning digital color displays, high-speed graphic processors and large memory capacities that enable retailers to deliver targeted promotional content to consumers at the point of sale (POS). The MX series' ability to enhance the customer experience at the POS while supporting all types of payments has made it exceptionally popular among well-known merchants and retailers in North America. France, Poland, Germany and Spain are expected to be the first European countries to see rollouts of the MX 915 and 925.

Verifone Expands Availability of Secure Commerce Architecture to Reduce Merchant Exposure to Large-Scale Payment Data Breaches and Expedite

Verifone announced the global availability of its secure commerce architecture, designed to significantly reduce merchant exposure to large-scale data breaches, and reduce the certification burden on U.S. merchants, acquirers and other payment providers looking to enable EMV acceptance. Verifone's secure commerce architecture decouples payment data from the merchant's point of sale (POS) system, and enables encrypted delivery of this data from the payment terminal directly to the merchant's processor. This provides merchants with two primary benefits: EMV migration in the U.S. will lead to a costly and cumbersome certification process. Historical payment architecture requires certification of each combination of POS system, payment terminal, gateway and acquirer--a costly process for merchants in terms of time and resources. The Verifone secure commerce architecture removes the POS system from the scope of EMV certification, greatly reducing the burden for clients. Large-scale breaches of payment data are undermining retail brands and consumer confidence, and merchants' POS systems are common targets for cybercriminals. The Verifone secure commerce architecture solves these issues by preventing consumer payment data from entering the POS, thereby eliminating the potential for this data to be stolen at scale. Instead, card data is encrypted and transmitted directly to the merchant's payment processor. Previously only available through the company's U.S. Payment as a Service offering, this secure commerce architecture is now available to all of Verifone's direct merchant customers and all merchant acquirers in the U.S. Merchants can utilize this architecture through integration with their merchant acquirer. Global availability will begin in 2015.


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