VeriFone Systems Inc., the payments hardware company, is going whole hog into apps. In the second quarter of next year, VeriFone plans to unveil an app marketplace for its products and services. The app marketplace will “[enable] our clients and third-party app developers to create and deploy payment and commerce applications onRead More
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Multiple sources confirm that Apple has been working on tokenization technology and will include it and NFC in the new iPhone 6.
Rumor continue to churn out reports that Apple will build a payments system into the iPhone 6, which will likely be introduced in September, especially after last week’s Apple Worldwide Developers Conference, better known as the WWDC. The fact is the iPhone 6 rumor mill has kicked into overdrive. JustRead More
Apple is reportedly updating the point-of-service device its store employees use to allow them to process payments with the iPhone 5S, rather than just the iPod Touch. To some, this is a sign that Apple will add near-field communication (NFC) capabilities to its upcoming iPhone 6. This is a questionableRead More
Dongles, dongles everywhere. Since the launch of Square’s lozenge-shaped credit card reader in 2010, dongles to process credit card transactions have proliferated with ecstatic abandon. Many are free. Many are odd-looking. Most are black. We’ve corralled a wide sampling of them here for your viewing pleasure. Have we missed aRead More
VeriFone introduced a “payment as a service” solution, VeriFone Point, yesterday. The company acquired the Sweden-based payment processor Point in November 2011 for $820 million. Point’s technologies are “at the heart” of the current effort, according to a VeriFone representative. Payment is moved from the software to the device itself, which, the companyRead More
Lackluster quarterly earnings at VeriFone were overshadowed by the payments company’s plan to ditch its SAIL initiative that competed (and brutally so) with Square. From Reuters: VeriFone, a leading provider of card readers and payment processing services, unveiled SAIL in May, a service that lets small and individual merchants acceptRead More
In a stunning PR/rub-it-in-your-face move, Verifone today launched a broadside attack on startup Square, claiming its mobile payments device contains a “serious security flaw that Square has overlooked that places consumers in dire risk.” Verifone, which markets a similar produce call PAYware Mobile, even started a website dedicated to blastingRead More