The CEO of VeriFone has announced a withdrawal from direct-to-micromerchant services. VeriFone took the mobile payments industry off guard when its CEO released the surprising news that it would no longer be pursuing direct-to-micromerchant and would be selling off that part of its business. It explained that its Sail service has been unprofitable and that it would no longer be continued. The mcommerce news was released by Doug Bergeron, the VeriFone company CEO. After a year of heavy promotions of all of the company’s mobile payments services for tablets and…
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