Except it's not Verdana. I just did a quick comparison of a FFVII PSX screenshot and Verdana. The lowercase t and g are noticeably different, at a glance. Then again, it could well be that they used Verdana as a base, but had to modify it to make it work well as a bitmap font on the Playstation.
FFVII PC seems to use an upscaled version of the PSX font (kinda looks like hq2x, actually), suggesting that Eidos did not know what the original font was (a lack of communication between Eidos and S-E! Unheard of!).