Verifone

The business model combines hardware, software, and transaction services for electronic payments. The company manufactures and distributes POS terminals and integrated POS hardware families used by retailers, hospitality and quick-service operators, and other merchants. On top of this hardware layer, it offers an application marketplace, softPOS products for mobile devices, and cloud-based device management tools that manage large estates of terminals. Through its acquired digital commerce monetisation platform, it supports online checkout, subscription billing, and global payment acceptance for digital merchants. Value is created by enabling secure, compliant payment acceptance across in-store and online channels and by simplifying lifecycle management of payment devices and revenue operations. Revenue is largely recurring at the software and services layer through subscriptions and transaction-linked fees, with more episodic revenue from hardware sales and upgrades.

Verifone is a United States–based electronic payments technology provider founded in 1981. It designs and supplies point-of-sale (POS) payment terminals, softPOS solutions that turn mobiles and tablets into payment devices, device management software, and a digital commerce monetisation platform used by online merchants. Its hardware and software are deployed at physical and online points of payment in more than 150 countries.

The company generates revenue from selling or leasing payment devices, licensing and subscriptions for cloud and device management software, and transaction-related fees from payment processing and monetisation services. Its direct customers are merchants, acquirers, payment service providers, and digital businesses (including SaaS and online merchants) that need secure card-present and card-not-present payment acceptance, subscription billing, and associated estate management services.