Last $31.39 USD
Change Today +0.26 / 0.84%
Volume 2.5M
PAY On Other Exchanges
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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

cident 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. The company also provides specific project management services for turn-key application implementations. The company also offers client education programs as well as consulting services regarding selection of product and payment methodologies and strategies, such as debit implementation. Libraries and Development Tools The company makes a portfolio of application libraries and development tools available to its large community of internal and third-party application developers, including certain pre-certified software libraries that can be integrated into third-party applications without the need for further card brand certifications. The company provides a set of application libraries, or programming modules, such as smart card interfaces, contactless card and NFC phone interfaces, and communications drivers with defined programming interfaces that facilitate the implementation of its multi-application system solutions. Further, the company maintains application compatibility, including use of standardized application programming interfaces, also known as APIs, and service calls, designed to facilitate the migration of applications to future system solutions. The company also provides developer tool kits that contain visual development environments (C/C++) along with platform-specific compilers and debuggers. The company provides a range of support services for its application development communities, including developer training, a dedicated developers' support team, and VeriFone DevNet, an online developers' portal that provides registered developers access to libraries, tools, programming guides, and technical support. The company’s libraries, developer tool kits, training, and support systems facilitate the rapid growth in deployment of third-party, value-added applications for its system solutions. 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 through third party partners, such as banks and acquirers, system integrators, and independent sales organizations, and channel partners that distribute and resell its products. Sales and Marketing The company sells its products worldwide through its direct sales force or through third-party distributors and partners. Competition The company’s primary competitors include POS terminals and services include Ingenico S.A.; PAX Technology, Ltd.; SZZT Electronics Co. Ltd.; Equinox Payments; CyberNet Inc.; and Spire Payments Ltd. The company also competes with Gilbarco, Inc. (a subsidiary of Danaher Corporation); International Business Machines Corporation; MICROS Systems, Inc.; NCR Corporation; and Wayne, A GE Energy Business. Proprietary Rights As of October 31, 2014, the company held 363 patents and 88 patent applications filed with various patent offices in 56 jurisdictions throughout the world, including the U.S., Canada, the United Kingdom, the European Union (EU), China, Israel, Italy, India, Australia, Japan, Germany, France, Ireland, Hong Kong, Taiwan, Brazil, and South Africa, among other countries. 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 pro

 

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Industry Analysis

PAY

Industry Average

Valuation PAY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.9x
Price/Book 3.4x
Price/Cash Flow 59.8x
TEV/Sales 1.3x
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