VeriFone announces release of new PAYMEDIA Universal Acceptance Platform


VeriFone Systems, Inc. has unveiled their new PAYMEDIA Universal Acceptance Platform (UAP), which is designed to offer a full service and software suite which will give mobile network operators (MNOs) the ability to manage the acceptance of mobile wallets at merchant systems. PAYMEDIA UAP was developed to complete the circuit between merchants and mobile wallet providers, so that they have everything that is necessary for providing customers with advanced mobile couponing, promotions, and mobile payment apps. It makes certain that that the transactions from all types of mobile wallet will…

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Verifone announces Point acquisition for just over $1 billion

Mobile Payments

Verifone has just announced its acquisition of Point, an alternative payment provider in Europe, in order to expand its ability to offer mobile payment services for retailers and other merchants. Verifone has many different offerings for payment services, but is now focusing on near field communications (NFC) terminals, which would permit customers to use their mobile devices or credit cards to complete payment transactions when they make a purchase at a point of sale. In total, all of the equity and assets at Point were purchased for $816 million, and…

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