Varifone Placement Papers | Placement Paper of Varifone For The Year 2008, 2009 & 2010

VariFone Placement Paper VariFone Placement Paper

Latest Placement Papers Of VariFone For The Year 2008, 2009 And 2010

Company Details

  • Company Name:
  • About Company:
    Verifone is a global leader in secure electronic payment technologies.
  • Company History:
    VeriFone was founded in 1981. Ten years earlier, Melton had founded Real-Share, Inc., in Hawaii, a pioneer in the use of computers and other database and telecommunications systems for check authorization and guarantees. In 1980, Melton sold Real-Share to TeleCheck Services, later part of First Financial Management Corp., for some $3 million. Melton used this money to start up VeriFone in Honolulu the following year. Initially, the company provided retailers with access to information on people known to have written bad checks. The use of credit cards first became widespread during the 1970s. By the beginning of the 1980s, the major credit card companies began seeking methods to reduce processing costs and losses due to fraud. In 1981, Visa and MasterCard began offering merchants discounts on their transactions VeriFone introduced its first POS product in 1982 The company doubled revenues, to about $30 million, in 1986. By January 1988, VeriFone controlled more than 53 percent of the POS systems market. By 1996, VeriFone was ready with its Payment Transaction Application Layer (PTAL) lineup of products.
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  • Employers Detail:
    Verifone has 2,800 hardworking and dedicated employees to its credit.
  • Website:
  • Contact Details:
    VeriFone India Sales Pvt. Ltd. (Mumbai) Unit No: 404, 4th Floor, Makhija Arcade, 35th Road, Khar (W), Mumbai 400052 India Tel: +91 22 66717990 Fax: +91 22 66717992

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