TECHS ON THE BEACH
On April 14, 1981, in Honolulu, Hawaii, William “Bill” Melton incorporated his new tech company. His original intention was to provide a recourse for retailers who’d been swindled by people handing out bad cheques. His product was a kind of verification device using phone lines—a verification phone.
But he soon pivoted. The credit card industry was relatively new at the time and processing was still being done with carbon paper. Bill saw a way to reduce costs for companies like Visa and MasterCard, while capitalising on his new technology. Instead of verifying cheques, he would provide local businesses a means to electronically process credit card payments. And thus, the Verifone payment device was born.
Now, Verifone is one of the world’s largest POS terminal vendors and a leading provider of payment and commerce solutions. We operate in more than 150 countries and employ nearly 6,000 people globally. Our steady growth has come organically, through a dedication to innovation and strategic partnerships, as well as from savvy acquisitions.
As a global company, we have headquarters representing each of our core global areas of operation: San Jose, California; London, U.K.; Singapore; and Miami, Florida. We're dedicated to supporting local markets and needs with a direct presence in more than 45 countries.
Our South African subsidiary supports point-of-sale systems in banking, retail, petroleum and other vertical markets in Sub-Saharan Africa and the Indian Ocean islands through hardware, value-added services and developed estate management solutions.
Verifone South Africa is a 100% owned subsidiary of Verifone Systems Inc. which originated via the buyout of Destiny Electronic Commerce (CSC) in July 2011. Prior to this CSC was the sole Verifone accredited partner in South Africa and a leading provider of secure payment technologies, services and solutions at the point-of-sale for over 19 years.
