VeriFone Timeline

2011

  • PAYware Mobile Enterprise wins prestigious SESAMES awards at CARTES, Paris.
  • VeriFone acquires Global Bay, a provider of next-generation mobile retail solutions.
  • VeriFone completes acquisition of Hypercom Corporation.
  • VeriFone and Google partner to power NFC-based mobile payments.
  • Secure PumpPAY brings entertainment and advertising to the pump with PAYMEDIA.
  • PAYMEDIA Solutions announced, transforming the POS into an Intelligent Checkout
  • BevMo! Retail Chain first to achieve PCI scope reduction of payment systems thanks to VeriShield Protect.
  • VeriFone announces PAYware Mobile Enterprise.

2010

  • VX Evolution product family achieves PCI PTS 3.0 compliance.
  • VeriFone and RSA partner to deliver advanced encryption and tokenization solution.
  • VeriFone partners with PayPal to support BUMP on PAYware Mobile for iPhone.
  • Atlanta Cabs implement VeriFone multimedia payment system.
  • PAYware Mobile for iPhone launched in Canada.
  • VeriFone acquires end-to-end encryption company, Semtek.
  • Independent QSA confirms VeriShield Protect conforms to Visa DFE guidelines and may take payment applications out of scope for PCI.
  • VeriFone Holdings changes its name to VeriFone Systems, Inc.
  • Next-generation VX Evolution product family launched.
  • Approximately 130,000 VeriFone devices are deployed by major bank in Russia and Eastern Europe.
  • Contactless payments launched in Hungary and first uses include VeriFone PayPass contactless cards.
  • PAYware Mobile for iPhone becomes available on the App Store.
  • MX 870 achieves PCI PED 2.1 certification-good through 2017.
  • VeriFone acquires Clear Channel Taxi Media business.

2009

  • 2009 PAYware Mobile for iPhone launched, allowing for secure mobile transactions.
  • VeriShield Protect encryption for EMV Smart Cards announced.
  • VeriFone and First Data form strategic partnership spanning manufacturing, distribution, support and new co-branded solutions.
  • VeriShield Protect becomes the first commercially deployed encryption solution compliant with all 14 Data Field Encryption Practices as defined by Visa.
  • VeriFone doubles its investment in Semtek to create card encryption industry standard-VeriShield Protect.
  • RBS WorldPay becomes the first major processor to implement VeriShield Protect encryption.
  • More than 1,000 Boston taxis integrate VeriFone Transportation Systems (VTS) for payments, navigation, dispatch, texting and "for hire" status capability.
  • VeriFone, Hypercom and Ingenico co-found new Secure POS Vendor Alliance aimed at implementing common payment security standards for POS devices.
  • VeriFone extends VeriShield Protect encryption to cover Level 4 retailers using VX Solutions, Managed Services and PAYware Server Software.

2008

  • Small-Footprint Vx 700 Payment Solution is Outdoor-Ready for Use in Kiosks, Vending, Ticketing and More.
  • Heartland Payment Systems Leverages VeriFone Managed Services for Tableside Payment System.
  • VeriFone Secure PumpPAY Processes Over One Million Fuel Dispenser Card Transactions.
  • VeriFone Targets Latin America Integrated Systems Growth with New Regional Integrated Systems Organization.
  • Cabcharge Australia Orders 20,000 VeriFone Vx 810 Systems with Contactless Payment for Taxis.
  • VeriFone Wins USPS and Canada Post Next Generation POS Solutions.
  • VeriFone Solution Wins European Retail Solutions Award (ERSA) for UK's First Retail Contactless Installation.
  • VeriFone Expands European Market Strategy with the Formation of UK and Continental Europe Teams.
  • VeriFone Announces PAYware PC for Next-Generation Payment Acceptance.
  • VeriFone Introduces Vx 810 DUET with Innovative Dual-User Design for Merchant and Customer Use.

2007

  • VeriFone acquires Australian services organization Peripheral Computer Industries (PCI) to enhance its ability to provide one-stop electronic payments products and services.
  • VeriFone Holdings forms VeriFone Access to provide merchant hosted services for managing electronic payments, beginning in Mexico.
  • MasterCard and VeriFone to Expand Taxi Payments Leadership by Enabling Passengers to "Tap & Go" in More Than 5,000 NYC Taxis.
  • VeriFone makes payment at the fuel pump secure with its new Secure PumpPAY solution.
  • Cara, the largest operator of full service restaurants in Canada, selected the VeriFone ON THE SPOT pay at the table system.
  • Extending its industry leadership position, VeriFone's PCI PED-approved payment solutions numbers 25.
  • VeriFone selected as the sole provider of electronic payment systems by the China Postal Savings Bank.
  • Banamex deployed the VeriFone MX870 multi-media payment platform to accept contactless and traditional bank cards at all McDonald's Mexico restaurants in Monterrey, Nuevo León.
  • UK retail giant Argos selects VeriFone's PAYware for secure frontline payment processing.
  • Bank-based Financial Services Company, KeyCorp, selects VeriFone's customer-facing MX870 multi-media system for deployment at all KeyBank teller workstations.

2006

  • VeriFone announces definitive agreement to acquire Lipman Electronic Engineering Ltd., becoming the largest global provider of electronic payment solutions and services
  • VeriFone MX870 wins European Payments Consulting Association and European Card Review Excellence in Payments Innovation awards
  • VeriFone opens international headquarters in Singapore
  • VeriFone sales of Vx Solutions payment systems exceed half a million
  • VeriFone forms new Hospitality Systems group, focused on providing complete payment solutions for restaurants
  • VeriFone's announces the VisualPayments Suite for retailers to manage data flow to and from consumer-facing devices in the checkout lane

2005

  • VeriFone Holdings Inc. holds its IPO, listing on the New York Stock Exchange with Ticker Symbol PAY
  • VeriFone launches the MX870, a new secure payment solution for multi-lane retailers with full-motion video and digital stereo sound to deliver branding, promotion and advertising to the POS
  • VeriFone launches its Vx 610 wireless payment solution
  • VeriFone introduces the customer facing Omni 7000LE payment system for multi-lane retailers
  • VeriFone receives the 2005 Product Line Strategy Leadership Award from Frost & Sullivan
  • VeriFone enters into joint venture with TaxiTronics to create VeriFone Transportation Systems, delivering payment and value-added solutions to the transportation market.
  • VeriFone launches the Vx 570, a new countertop payment system in the Vx Solutions line
  • VeriFone completes acquisition of GO Software from Return On Investment Corporation

2004

  • VeriFone acquires the assets of GO Software from Return On Investment Corporation
  • VeriFone and McAfee announce joint development of the POS payment terminal industry's first virus protection solution
  • VeriFone announces the launch of Vx Solutions, its next-generation of payment solutions
  • VeriFone certifies its contactless reader module for the Omni 7000MPD family of modular payment devices by MasterCard® PayPass™ and ExpressPay from American Express
  • VeriFone launches Enhanced Communications campaign to promote wireless and Internet-based credit and debit card transaction processing
  • VeriFone introduces the Omni 3730 and Omni 3730 LE to the U.S. market
  • Burger King Corporation installs VeriFone Omni 3750 point of sale systems in all company-owned BURGER KING® restaurants across the U.S.
  • VeriFone plays a crucial role in the shift of Food Stamp benefits from a paper-based system to an electronic benefits transfer (EBT) program.
  • VeriFone teams with leading card payment processing system in provider in Europe to introduce a new pre-certified "plug and play" Chip and PIN solution
  • VeriFone announces contactless reader module for Omni 7000MPD family of payment solutions
  • Barnes & Noble deploys VeriFone EverestPlus point of sale systems to stores nationwide
  • VeriFone expands its dominance of the Quick Service Restaurant (QSR) marketplace with its IP-enabled payment solutions
  • VeriFone's Value-added Partner (VAP) Program delivers new value-added applications to merchants
  • Omni 7100MPD delivers modularity, Ethernet, signature capture and industry's brightest ¼ VGA touch screen
  • VeriFone expands global presence by opening regional headquarters in the Philippines

2003

  • Quick service restaurant (QSR) and 'drive thru' industry become large growth area for payments
  • VeriFone's Omni 7000 MPD delivers modularity to multi-lane retailers with field-upgradeable sig-cap, smart card and Ethernet modules
  • VeriFone Omni 3750 recognized as 'The World's Fastest Terminal', producing processing times of 2-4 seconds over secure IP connection.
  • VeriFone's best-selling Omni 3200 improved with faster processing and smaller footprint in the new Omni 3200SE
  • VeriFone Introduces PINpad 1000SE to meet Global Triple DES and Visa International PED requirements
  • VeriFone first to Support EMV, TDES and PED Security Across Entire Solution Portfolio
  • VeriFone's Omni 3600 mobile wireless payment solution is first to utilize benefits of CDMA 2000 1X, GPRS and Wi-Fi
  • The VeriFoneZONE(sm) web portal is launched, creating web-based ISO sales support center.

2002

  • VeriFone introduces SC 5000 smart programmable PINpad for EMV and 3DES security compliance
  • VeriFone's CR1000i makes check conversion and imaging a reality for all merchants
  • Recapitalization of VeriFone, Inc. by GTCR Golder Rauner, LLC
  • VeriFone petroleum/c-store solutions selected by Shell Oil Products US as a strategic provider of point-of-sale systems

2001

  • Omni 3700 family of systems introduced
  • VeriFone, Inc. -- acquired by Gores Technology Group
  • VeriPASS interactive demo donated to the San Jose Tech Museum of Innovation
  • VeriFone donates Omni 3600 and Omni 3350 to British Museum display
  • First Verix Innovation Awards recognize VeriFone International Partners (VIPs), customers, Developer Forum members
  • VeriFone Achieves EMV Level 1 and Level 2 Type Approval for SoftPay EMV Software running on Omni 3350 payment terminals
  • VeriFone launches Omni 3600 wireless, multi-application payment terminal
  • VeriFone launches Omni 3210 with internal PINpad
  • VeriFone launches VeriCentre Download Management Module, Message Management Module, Information Collection Module and Remote Diagnostics Module
  • VeriFone launches VeriPASS contactless smart card payment solution for Petroleum/C-store market

2000

  • VeriFone launches global payment platform featuring Verix multi-application architecture, VeriShield security architecture, SoftPay payment software, VeriCentre Appliance Management Suite, Omni 3300/3350 terminals, and the Verix Developer Toolkit.
  • VeriFone's Global Payment Platform Earns Market Engineering Award from Frost & Sullivan
  • VeriFone Internet connectivity introduced via direct TCP/IP communications
  • EverestPlusmulti-lane customer activated terminal is launched
  • VeriFone launches CR1000icheck reader/imaging peripheral

1999

  • VeriFone launches Omni 3200 payment terminal - becomes VeriFone's best selling terminal to date

1998

  • Corporate offices move into new building in Santa Clara, CA
  • Rite Aid chooses VeriFone SC 250 smart card peripherals for e-gift program
  • VeriFone launches Integrated Payment Solution

1997

  • Recognized by Computerworld Smithsonian Awards for visionary use of information technology in the field of Business and Related Services
  • Hewlett-Packard Company acquires VeriFone
  • VeriFone launches CR 600 MICR check reader
  • VeriSmart and Personal ATM used in largest smart card pilot in U.S.

1996

  • Company debuts on World Wide Web
  • VeriFone introduces suite of Internet commerce products for consumers, merchants and processors
  • VeriFone enters its 100th country

1995

  • Moved from NASDAQ to New York Stock Exchange-listed as VFI
  • VeriFone introduces industry leading SC55x consumer activated smart card PINpad.
  • VeriFone launches Everest payment terminal for customer-activated multi-lane market

1994

  • VeriFone expands service offering with VeriFone Finance
  • VeriFone delivers industry's first low-cost high-security smart card PINpads which are certified in the Netherlands and Germany

1993

  • VeriFone introduces first smart card product of its own design, the CM 450, in Singapore and France

1992

  • VeriFone launches Ruby SuperSystem for Petroleum/C-store market
  • VeriFone launches Omni 490 for customer-activated multi-lane retail market

1991

  • Forbes Magazine chooses VeriFone as one of America's 200 Best Small Companies (also chooses VeriFone for this honor in 1992 and 1995)
  • VeriFone introduces first smart card reader
  • VeriFone launches Tranz 380 and Omni 480 terminals. Omni 480 technology awarded two patents.

1990

  • Company goes public; stock opens on NASDAQ stock exchange

1989

  • VeriFone selected as one of fastest growing "high-tech startups" by Business week
  • The Wall Street Journal touts VeriFone as one of 56 "Corporate Stars of the Future"
  • VeriFone hosts the first industry-wide conference on Transaction Automation
  • Company launches the Printer 250

1988

  • VeriFone International Partner (VIP) program begins
  • Handheld PINpad 101 debuts. Becomes the best selling PINpad in the world.

1987

  • TRANZ 330 terminals introduced, becomes world's best selling transaction payment terminal. It is the first VeriFone terminal that accepts both credit and debit cards, allowing electronic draft capture and settlement with banks.

1986

  • ZON Jr XL-first electronic data interchange (EDI) capable terminal for the industry, allowing network transmission of data to host computers, and supporting printers, PIN pads and other peripherals
  • Hatim Tyabji hired as VeriFone CEO

1985

  • Total of 755 million credit and debit cards in the U.S., 43% of all U.S. households have at least one bankcard
  • VeriFone launches ZON Jr PLUS - first "soft" terminal (programmable keys)
  • VeriFone introduces the VeriFone PINpad 201

1984

  • VeriFone launches the ZON Jr, the first low-cost authorization terminal. It was the most successful credit verification terminal of its time. Initial shipment to Visa.

1983

  • ZON, "son" of Veri-Fone, is born (uses Zilog Z80 microprocessor). Performs check verification and credit authorization only. First major ZON contract with Security Pacific Bank.

1982

  • First official VeriFone office opens in downtown Honolulu, HI

1981

  • VeriFone founded and incorporated in Hawaii on April 14, 1981
  • VeriFone launches its first product - Veri-Fone (standing for VERIFication telephONE). Performed check verification and credit authorization. The Veri-Fone device was one of first terminals designed to replace voice authorization with electronic authorization of credit card transactions. First order received for 200 Veri-Fones from Tymshare.