Verifone

Verifone

Payment devices and cloud services provider

About Verifone

Simplify's Rating
Why Verifone is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

Late Stage VC

Total Funding

$17.5M

Headquarters

Coral Springs, Florida

Founded

1987

Overview

Verifone provides solutions in the payments industry, focusing on simplifying commerce for various clients such as retailers, hospitality businesses, and payment processors. The company offers a range of payment devices, including countertop terminals, mobile point-of-sale systems, and unattended kiosks, which allow businesses to accept payments in-store, online, or on the go. In addition to hardware, Verifone enhances its offerings with cloud services that support device management, digital commerce, and analytics, enabling businesses to operate more efficiently. Unlike many competitors, Verifone combines both hardware and cloud solutions, processing a significant volume of transactions annually, which highlights the trust clients have in their services. The goal of Verifone is to help businesses manage payments securely and efficiently, regardless of their size.

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Simplify's Take

What believers are saying

  • Integration with AI-powered systems reduces checkout times, boosting customer satisfaction and sales.
  • Winning 'Best Point Of Sale Solution' award enhances Verifone's reputation in the fintech industry.
  • Partnership with Ozan expands market reach with faster, safer payment solutions.

What critics are saying

  • Increased competition from emerging fintech companies could erode Verifone's market share.
  • Rapid adoption of SoftPOS by competitors may challenge Verifone's hardware-based model.
  • New biometric capabilities may raise privacy concerns, affecting adoption rates.

What makes Verifone unique

  • Verifone offers a comprehensive range of payment devices and cloud services globally.
  • The company integrates advanced technologies like AI and biometrics in its payment solutions.
  • Verifone's partnerships enhance its offerings, attracting enterprise clients with comprehensive solutions.

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Funding

Total Funding

$17.5M

Above

Industry Average

Funded Over

1 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Remote Work Options

Company News

PYMNTS
Jan 9th, 2025
Verifone Adds Softpos To New Payment Acceptance Tools

Connected commerce platform Verifone has introduced a new set of payment devices. Verifone Victa, as the collection is known, was announced Thursday (Jan. 9) along with a SoftPOS solution called Verifone Tap and new biometrics capabilities. The company plans to showcase the products next week at the National Retail Federation’s Big Show in New York City. “Verifone is committed to revolutionizing the payment experience for our partners and clients, and our commitment is perfectly reflected in these new products,” Himanshu Patel, CEO of Verifone, said in a news release. “They’re part of the industry’s most comprehensive, end-to-end global commerce platform that orchestrates payment devices, omnichannel experiences, gateway and managed services while positioning our merchants and partners for future growth.”

PYMNTS
Jan 9th, 2025
Verifone Adds SoftPOS to New Payment Acceptance Tools

Connected commerce platform Verifone has introduced a new set of payment devices.

Electronic Payments International
Jan 8th, 2025
Verifone and FreedomPay forge alliance

The partnership brings together Verifone's portfolio of payment hardware with FreedomPay's Next Level Commerce platform.

Read Magazine
Sep 5th, 2024
Havis and Verifone Introduce New Self-Service Kiosk for Petro & C-Stores

Havis and Verifone introduce new self-service kiosk for Petro & C-Stores.

FF News
May 30th, 2024
Verifone And Pennies Reach Milestone Of £6 Million Raised For Charities Via Micro-Donations On Payment Devices

Verifone, the payments architect shaping ecosystems for in-person and online commerce experiences, and Pennies, the award-winning fintech charity working to grow and protect micro-donations, are delighted to announce they have facilitated more than £6 million in charitable donations since first partnering in 2011.The partnership has generated donations for more than 95 charities by enabling consumers to make donations on Verifone payment devices at checkout through a simple prompt asking users if they would like to round up the purchase price to the nearest pound or make a donation of a set amount. The £6 million milestone was reached thanks to 23.5 million individual donations at Verifone merchants.These small donations add up quickly and make a real difference in communities. One shining example is Verifone merchant Currys who raises enough funds through Pennies to help their charity partner, the Digital Poverty Alliance, provide families in need with a laptop – improving access to essential education, finance, and healthcare resources.“Our enduring alliance with Pennies shows the impact we can make together, one small donation at a time,” said Bulent Ozayaz, EVP of Verifone EMEA. “These types of results align with our mission to innovate payment experiences that benefit merchants and enrich communities. We are honoured to foster positive change together with driven partners like Pennies.”Pennies CEO, Alison Hutchinson CBE, added, “Verifone has been a long-standing partner of Pennies, making it easy for their retail partners to join the Pennies micro-donation movement. Congratulations to Verifone and everyone involved in unlocking £6 million of donations for many charities, showing the power of working together as a force for good.”

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