Last $37.29 USD
Change Today +0.52 / 1.41%
Volume 1.6M
PAY On Other Exchanges
New York
As of 6:40 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

2099 Gateway Place

Suite 600

San Jose, CA 95110

United States

Phone: 408-232-7800

Fax: 408-232-7811

merchant acquiring solutions (PCCharge, PAYWare PC, PAYware Direct, and PAYware Transact), POS integration software (PAYware Link, PAYware STS, PAYware SIM, and VeriFone Retail 360), value-added payment solutions (PAYware Gift and PAYware Prepay), and card management systems for issuers and acquirers (PAYware CMS). Support Services The company offers a suite of support services, including installation, deployment, standard or customized training, and application development and delivery solutions. It supports its installed base by providing payment system 24-hour helpdesk support, consulting, on-site and telephone-based training, repair and/or replacement, asset tracking, and reporting. The company also offers customized service programs for specific vertical markets in addition to standardized service plans, per incident repair services and annual software maintenance on some of its licensed software products. The company offers professional services for customized application development and delivery solutions. It also provides specific project management services for application implementations. The company also offers customer education programs, as well as consulting services regarding selection of product and payment methodologies and strategies, such as debit implementation. Customers The company’s customers consist primarily of financial institutions, payment processors, retailers, petroleum companies, transportation companies, government organizations, healthcare companies, and quick service restaurants worldwide. It also sells its in-taxi payments solution to taxi fleets and advertising space to advertisers and media companies. In addition, the company sells directly to smaller merchants and retailers under its payment-as-a-service model. It also sells to distributors, resellers, system integrators, and independent sales organizations who resell its products. Sales and Marketing The company sells its products worldwide through its direct sales force or through third-party distributors and partners. Acquisitions In May 2013, the company acquired EFTPOS New Zealand Limited, which holds the switching and terminal business of ANZ Bank New Zealand Limited. Business Strategy The expansion into new and emerging markets and complementary verticals are primary components of the company’s business strategy. Its acquisition strategy has expanded its global presence and customer base, improve its global competitive position, broaden its product and service offerings, increase the reach of its distribution channels and vertical markets, and provide the company with greater resources to increase its research and development of innovative products and services. Government Regulations The company’s products must comply with government regulations, including those imposed by the U.S. Federal Communications Commission and similar telecommunications authorities worldwide regarding emissions, radiation, safety, and connections with telephone lines and radio networks. Its products must also comply with recommendations of quasi-regulatory authorities and of standards-setting committees. The company’s electronic payment systems have been certified as compliant with various national requirements, including those of the U.S. Federal Communications Commission and Underwriters Laboratory in the U.S. and similar local requirements in other countries. The company is also subject to various other legal and regulatory requirements related to the manufacture and sale of its products, such as the European Union (EU) directive that places restrictions on the use of hazardous substances (RoHS and RoHS2) in electronic equipment; the EU directive on Waste Electrical and Electronic Equipment; the EU's Registration, Evaluation, Authorization and Restriction of Chemicals; and the environmental regulations promulgated by China's Ministry of Information Industry (China RoHS). Proprietary Rights As of October 31, 2013, the company held 326 patents and 109 patent applications filed with various patent offices in 56 jurisdictions worldwide, including the U.S., Canada, the United Kingdom, the EU, China, Israel


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