VeriFone Concedes to Square, PayPal in Mobile Payments Battle

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VeriFone Concedes to Square, PayPal in Mobile Payments Battle

VeriFone Systems has effectively withdrawn from the race for supremacy in the mobile payments processing war. Yielding to the market dominance of Square and PayPal – the two top players in mobile payments – reports surfaced Friday that VeriFone Systems now considers the market “unprofitable.” David Talach, VeriFone’s vice president of industry engagement, was cited [...]

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