Subscribe to this page now.

Verifone cuts Sail, pulls out of mobile card payments

12/14, 3:25pm

Mobile payments deemed 'fundamentally unprofitable'

Payment processor VeriFone is withdrawing from the mobile card payments market, citing "razor-thin margins." The decision to shutter Square-competitor Sail came to light during a quarterly conference call, with CEO Doug Bergeron calling the market for low-volume merchant processing as "fundamentally unprofitable."

more

VeriFone to bring out Square-like payment card reader

05/07, 4:32pm

VeriFone to bring out SAIL card reader to defend against Square

VeriFone will release a new card reader that plugs into the iPhone or iPad's 3.5mm headphone input to process payments. A step up from its PayWare solution for hardware, the new device, called SAIL, will be very close to Square's hardware. VeriFone already makes card payment hardware for larger businesses and stores, and is trying to protect this client base from smaller up and comers like Square, BusinessInsider reported.

more

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    ActvContent Sync Smartband

    Smartbands of all sorts are hitting the market. Some build on the buzz around fitness trackers, while others offer simpler features fo ...

    RocketStor 6324L Thunderbolt 2 eSATA bridge

    Like it or not, the shift to Thunderbolt is underway. The connection is extremely flexible, allowing for video and data to co-habitate ...

    Patriot Stellar Boost XT 64GB USB 3.0 drive

    A vast selection of USB memory sticks means that consumers can often find exactly the size drive they need in a configuration that can ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News