Verifone Inc., citing growing global demand for its electronic payment systems products, reported significantly higher revenues and profits for the fourth quarter and full year of 1994.

The Redwood City, Calif.-based maker of bank card point of sale terminals and networking equipment disclosed it had net income of $8.1 million, or 35 cents per share, for the three months ended Dec. 31. That compares with net income of $5.9 million, or 25 cents per share, in the fourth quarter of 1993.

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