VeriFone Holdings, Inc. is a provider of technology that enables electronic payment transactions and value-added services at the point of sale. Its system solutions consist of point of sale electronic payment devices that run the Company's and third-party operating systems, security and encryption software and certified payment software, as well as third-party applications. Its system solutions process a range of payment types, including signature and personal identification number-based debit cards, credit cards, contactless/radio frequency identification cards, smart cards, electronic bill payment, check authorization and conversion, signature capture and electronic benefits transfer. Its electronic payment systems are available in several modular configurations, offering customers flexibility to support a variety of connectivity options, including wire line and wireless Internet protocol technologies. On November 1, 2006, the Company acquired Lipman Electronic Engineering Ltd.