Tag: VeriFone

VeriFone launches next generation of mobile payment solutions to connect retailers and consumers

John Montgallo
Mobile-Commerce

VeriFone Systems, Inc. has announced that it is launching its next generation of mobile payments solutions and is welcoming merchants to reconsider the way that they interact with consumers and the way that they think about security, mobility, and even globalization. The company introduced the new solutions as a part of their expanding point of sale business which currently dominates the marketplace. The service widening will include new mobile technology, multimedia, and payment paradigms, in addition to services based in the cloud which are all designed to improve the overall…

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Verifone announces Point acquisition for just over $1 billion

Sam Lambert
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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Businesses are moving in on mobile payments market

John Montgallo
Mobile Payments

A number of well recognized companies, as well as smaller businesses that are far less well known, are now vying to become the head of the practical mobile payment marketplace. According to research director for commercial banking and payments, Andy Schmidt, from TowerGroup, “The promise of the mobile wallet is you’ll be able to manage your entire financial life from a single device.” One of the major players in the mobile payment game has been Google, right from the start. In May, it unveiled its test pilot for Google Wallet.…

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Tablet devices to be used for mobile payment by 2012

Jorge Gonzalez
Tablet Commerce

VeriFone has announced its new Payware Mobile Enterprise for Tablets, which will be allowing tablet users to pay for their purchases with their mobile devices through a simple card reader technology.  Near field communications (NFC) technology is already being implemented in smartphones to make it possible to use them to purchase items at a point of sale by waving them or tapping them over a proper POS system.  However, it is believed that this will not be readily available for another two to three years.  That said, it is anticipated…

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