Future of VeriFone Systems | Quantumrun

Future of VeriFone Systems

Verifone provides technology for electronic payment transactions and value-added services when someone makes a purchase. Founded in 1981 and headquartered in San Jose, Calif., Verifone sells their payment systems to multiple industries such as financial, retail and healthcare. Its systems process different payment types, including signature and PIN-based debit cards, credit cards and pre-paid gift cards. Verifone’s focus is to grow their mobile commerce, security, services and emerging global markets. It operates in more than 150 countries worldwide.

Home Country: 
United States
Industry: 
Banking & Finance, Electronics
Industry vulnerability to disruption: 

<p>Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:</p>

<p>*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.<br />
*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.<br />
*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.<br />
*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.<br />
*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.</p>

Total patents held: 
147
Number of patents field last year: 
4
Ranking List: 
344
Ranking List: 
2017 Quantumrun Global 1000
232
Ranking List: 
2017 Quantumrun US 500
34
Ranking List: 
2017 Quantumrun Silicon Valley 100
Market Revenue Country: 
Market country 
United States
Revenue from country 
0.41
Market country 
Brazil
Revenue from country 
0.06
Market country 
Other
Revenue from country 
0.54
Prod/Serv name revenue: 
Prod/Serv name: 
Verifone systems
Prod/Serv revenue: 
1236361000
Prod/Serv name: 
Verifone services
Prod/Serv revenue: 
769715000
Founded: 
1981
Company Name: 
VeriFone Systems
Sector: 
Revenue: 
1992149000
3y average revenue: 
1953826667
Operating expenses: 
761532000
3y average expenses: 
733118667
Company profile data note: 
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.
Global employee count: 
5900
Number of domestic locations: 
1
Funds in reserve: 
148352000
Investment into R&D: 
207503000
create term: 
#344 | 2017 Quantumrun Global 1000
#232 | 2017 Quantumrun US 500
#34 | 2017 Quantumrun Silicon Valley 100

Verifone provides technology for electronic payment transactions and value-added services when someone makes a purchase. Founded in 1981 and headquartered in San Jose, Calif., Verifone sells their payment systems to multiple industries such as financial, retail and healthcare. Its systems process different payment types, including signature and PIN-based debit cards, credit cards and pre-paid gift cards. Verifone’s focus is to grow their mobile commerce, security, services and emerging global markets. It operates in more than 150 countries worldwide.

Home country:
United States
Sector:
Financials
Industry:
Banking & Finance, Electronics
Founded:
1981
Global employee count:
5,900

Financial Health

Revenue
$1,992,149,000 USD
3y average revenue
$1,953,826,667 USD
Operating expenses
$761,532,000 USD
3y average expenses
$733,118,667 USD
Funds in reserve
$148,352,000 USD
#1 Market country
United States
% of revenue from country #1
0.41%
#2 Market country
Brazil
% of revenue from country #2
0.06%
#3 Market country
Other
% of revenue from country #3
0.54%

Asset Performance

#1 Product/Service/Dept. name
Verifone systems
#1 Product/Service revenue
$1,236,361,000 USD
#2 Product/Service/Dept. name
Verifone services
#2 Product/Service revenue
$769,715,000 USD

Innovation assets and Pipeline

Investment into R&D
$207,503,000 USD
Total patents held
147
Number of patents field last year
4
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.

Disruption Vulnerability

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.