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Last $32.58 USD
Change Today +0.19 / 0.59%
Volume 1.1M
PAY On Other Exchanges
New York
As of 8:04 PM 08/4/15 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
06/3/15 - $39.25
52 Week Low
10/15/14 - $28.19
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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; and a portfolio of application libraries and development tools. 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, as well as taxi payment solutions. Further, the company offers equipment repair or maintenance, 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, and quick service restaurants; taxi fleets, advertisers and media companies, and merchants and retailers; and distributors, banks and acquirers, 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.

5,200 Employees
Last Reported Date: 12/17/14

verifone systems inc (PAY) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $450.0K
President of Verifone North America
Total Annual Compensation: $393.1K
President of Verifone Europe
Total Annual Compensation: $324.4K
Chief Technology Officer and Executive Vice P...
Total Annual Compensation: $366.7K
Compensation as of Fiscal Year 2014.

verifone systems inc (PAY) Key Developments

Sunil Kappagoda Leaves VeriFone Systems, Inc. as Executive Officer, Effective July 23, 2015

Mr. Sunil Kappagoda, one of the named executive officers of VeriFone Systems, Inc. in his capacity as president of Verifone Asia Pacific, and EVP, Corporate Strategy, no longer serves in that capacity as of July 6, 2015, and will be leaving the company as of July 23, 2015.

Verifone Announces Executive Appointments

Verifone announced the appointment of Steve Aliferis as president of Asia Pacific. Additionally, the company announced the appointment of Arthur Jiang as senior vice president and general manager for China, which was recently established as a separate region reporting to CEO Paul Galant. With more than 20 years of experience in the payments and banking industries, Aliferis has held executive management positions with Commonwealth Bank of Australia, National Australia Bank and Assure Worldwide. He most recently served as head of Business Banking, Product and Australian Financial Services at Westpac Group. Aliferis will join Verifone on August 3, 2015 and will be based in the company’s Singapore office. Jiang began his role as head of China on July 7, 2015 and is based in the company’s Beijing office. He has more than 20 years of experience building growing businesses in China’s payments industry. Jiang is the former CEO and a former board member of PAX Technologies, and has also held senior leadership roles with Gemalto (formerly Schlumberger) and Hi Sun Technologies. Most recently, Jiang served as the vice general manager of Aisino Corporation’s payments business, where he led initiatives to drive merchant acquiring and services in China.

Transaction Network Services and Verifone Form New Agreement to Help Merchants Enhance Payment Data Security

A new agreement between Transaction Network Services (TNS) and Verifone has been established to help merchants enhance payment data security with streamlined, expedient point-to-point encryption (P2PE) technology deployment. The two companies, which began working together more than six years ago, are integrating their complementary payment security solutions to provide complete end-to-end protection for in-store payment transactions. Managed POS Encryption from TNS and Verifone’s end-to-end encryption solution, VeriShield Protect, will be combined into a single interface, enabling merchants to deploy P2PE through a faster, more efficient process. VeriShield Protect from Verifone enhances TNS’ Managed POS Encryption solution by encrypting cardholder information from the moment it is captured at the terminal and keeping it encrypted until it is securely accessed behind TNS’ firewall. Used by more than 250 of the top merchants and nine of the top 10 payment processors in the US, VeriShield Protect is the most widely adopted end-to-end encryption solution in the US. VeriShield Protect encrypted more than 1.5 billion transactions in 2014 and, so far, has already encrypted more than 1.2 billion transactions this year. Managed POS Encryption and VeriShield Protect can be reinforced with tokenization to further strengthen the merchant payments infrastructure. Tokenization replaces cardholder data in the merchant environment with a token that can be regularly submitted to TNS when payments are due. TNS stores the cardholder information on behalf of the merchant within its secure, PCI-compliant environment. TNS’ tokenization solution is ideally suited for merchants that take recurring payments or need to store cardholder data for chargeback, or reversal and marketing analytics. It is a robust solution that is suitable for card present and card-not-present payments.


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