Verifone (formerly 2Checkout) is a global all-in-one monetization and digital commerce platform dedicated to revolutionizing commerce and making it happen—simply, everywhere. Omnipresent in omnichannel, Verifone empowers businesses to expand internationally and optimize recurring revenue streams across any channel by simplifying the complex back-end operations that modern digital commerce demands. With over $500 billion in transaction value processed annually, more than 14 billion transactions handled each year, 65+ global offices, and a team of 3,700+ employees worldwide, Verifone stands as a trusted partner for merchants of every size—from global enterprise retailers to neighborhood shops and independent digital creators.
The company's vision is clear: "We revolutionize commerce. We make it happen. Simply. Everywhere." This mission is guided by core values that shape every interaction and innovation: Partnership, Trust, Integrity, Ingenuity, Excellence, and One Verifone. Verifone believes that trust is the foundation of all relationships, built through open communication and honoring commitments. Excellence drives the team to pursue the highest standards and continuously improve. Respect fosters a collaborative environment where peers, customers, and partners are valued. Collaboration enables well-coordinated teamwork that delivers positive results. And passion keeps the organization motivated, committed, and driven to provide customers with their very best every day.
Verifone's story begins with a legacy of payment innovation. The company pioneered cashless payments by securing checks and credit cards through digitization, with one of its earliest inventions being the "Verification Phone"—an electronic method that protected merchants from fraudulent checks. This problem-solving DNA and the brand name itself emerged from that initial breakthrough. As commerce evolved, Verifone expanded globally because merchants everywhere needed secure, reliable payment solutions. Starting at the point-of-sale, the company became the world's most trusted payment expert, renowned for best-in-class hardware that powered transactions in stores, restaurants, and markets around the world.
Today, Verifone has strategically pivoted its focus toward software applications and cloud-based services. Payments are now a beginning, not an end. The company's bedrock remains unchanged: global trust and universal availability. Verifone earns confidence from partners through its proven ability to enable more than 10 billion secure transactions annually—serving everyone from the largest global retailers to local street vendors. Simplifying complexity and delivering a future-proof customer journey is at the heart of Verifone's passion. Engineered from the inside out, the platform makes omnichannel commerce simple for merchants, providing a consistent brand experience on a unified digital infrastructure.
A pivotal moment in Verifone's evolution came in August 2020, when the company acquired 2Checkout. This strategic milestone solidified Verifone's commitment to delivering seamless, frictionless commerce experiences globally through innovative next-generation hardware and cloud services. The unified company now enables true omnichannel commerce wherever and whenever customers choose to shop.
2Checkout's own story began officially in 2006, though its roots trace back even further. The original founders were part of GECAD Group, developers of RAV Antivirus—a technology later acquired by Microsoft in 2003. While selling software products globally, they encountered significant complexity and barriers. Recognizing an opportunity, they transformed this challenge into a dedicated business: helping other software companies sell internationally with ease. The company continuously evolved, becoming a digital commerce leader for international markets specializing in digital goods. It enabled software businesses to accelerate online sales through any channel, any business model, and any market.
In October 2013, the company (then operating as Avangate) was acquired by Francisco Partners, a leading global private equity firm. In April 2017, Avangate acquired 2Checkout to expand payment flexibility and broaden market reach. The joint company was reintroduced under the unified name 2Checkout, positioned to power modern digital commerce for global businesses across industries and in every market.
Today, as part of Verifone, the platform combines deep payments expertise with robust software capabilities to deliver a comprehensive monetization solution. Merchants can accept payments in over 200 countries and territories, support more than 100 currencies, and comply with local tax regulations—including VAT, GST, and sales tax—automatically. The platform manages the full subscription lifecycle, from sign-up to renewal, with tools for billing, dunning, and retention. Advanced fraud protection powered by machine learning safeguards transactions without addin