verifone

  • Square's Jack Dorsey: VeriFone's Security Hole Allegation "Is Not A Fair Or Accurate Claim"

    Square's Jack Dorsey: VeriFone's Security Hole Allegation "Is Not A Fair Or Accurate Claim"

    As we heard this morning, VeriFone CEO Doug Bergeron wrote an open letter to consumers and the industry, warning users of a “gaping security hole” in mobile payments startup (and competitor) Square’s hardware. Bergeron actually went so far as to ask Square to recall all of its card readers and even contacted all of the major credit card companies, including Visa… Read More

  • VeriFone Takes The Gloves Off, Accuses Square Of Serious Security Hole

    VeriFone Takes The Gloves Off, Accuses Square Of Serious Security Hole

    Mobile payments are heating up and companies are taking ruthless steps to knock down competitors. Today, VeriFone is claiming that Square’s mobile payments processor contains a serious security threat to credit cardholders and businesses. In an “open letter,” VeriFone CEO Doug Bergeron warns consumers and the industry of a serious security threat with Square’s card… Read More

  • Verifone Acquires Electronic Payments Company Hypercom For $485 Million

    Verifone Acquires Electronic Payments Company Hypercom For $485 Million

    Electronic payments solutions company VeriFone Systems has just announced the acquisition of Hypercom, a company that sells secure electronic payment and digital transaction technologies. The deal is an all-stock transaction valued at approximately $485 million. The deal is expected to close in the second half of 2011. Hypercom’s products range from countertop and mobile card payment… Read More

  • Square Competitor VeriFone Strikes Key Deal With PayPal

    Square Competitor VeriFone Strikes Key Deal With PayPal

    VeriFone Systems this morning announced a deal with electronic payments giant PayPal that sounds like bad news for Twitter inventor Jack Dorsey‘s latest venture, Square. VeriFone, which offers solutions that enable electronic payment transactions and related services at points of sale, will extend mobile payments acceptance with PayPal and integrate traditional card payments with its… Read More

  • VeriFone Acquires WAY Systems For Up To $9 Million (They Raised Over $50 Million)

    VeriFone Acquires WAY Systems For Up To $9 Million (They Raised Over $50 Million)

    Electronic payment solutions provider VeriFone Systems this morning announced it has acquired the assets of WAY Systems, a provider of mobile POS solutions and gateway services for mobile merchants. The purchase price consisted of an upfront payment of $6 million and an earn-out payable in one year of up to an additional $3 million dollars should certain performance targets be met. VeriFone… Read More

  • A Security Check At Square Ahead Of This Week's Launch

    A Security Check At Square Ahead Of This Week's Launch

    Earlier today, testers of the new mobile payment service, Square, got a scare. Emails were sent out suggesting that users had changed their bank account information, and Square was emailing to let them know that the new account was verified. The only problem? These users didn’t actually change a thing. Obviously, this caused some concern, as did the note at the bottom of the email… Read More

  • VeriFone Brings Out The Big Guns In Its War With Square: Apple Stores

    VeriFone Brings Out The Big Guns In Its War With Square: Apple Stores

    It’s no secret that VeriFone hopes to eliminate mobile startup Square before it even officially launches. Not only did they unveil their PAYware Mobile credit card-reading device just a week after Square made headlines with its unveiling, but they almost immediately started a major advertising push in places such as New York City cabs. And now they have perhaps their strongest weapon yet… Read More

  • Mobile Payment Service Square Simplified On Video

    Remember that awesome video that was made for the Twitter iPhone app Birdhouse last year (if not, watch it)? Well, that guy, Adam Lisagor (aka LonelySandwich) is back at it again, this time for the mobile payment startup Square. In the two minute and 18 second video below, Lisagor quickly and easily walks you through what Square is and how to get it up and running. This video is exactly the… Read More

  • VeriFone Going After Square Hard. Ads In NYC Taxis Already.

    VeriFone Going After Square Hard. Ads In NYC Taxis Already.

    When the mobile payment service Square launched in December, VeriFone rushed to get its own version on the market. A couple weeks ago, they accomplished that with the launch of PayWARE Mobile. Now they’re looking to take out their competitor the good old fashioned way: out-spending them. VeriFone is already heavily advertising its PayWARE Mobile product with huge ads in New York City taxis. Read More

  • VeriFone's Square Competitor Hits The App Store. Hands On With The Hardware.

    VeriFone's Square Competitor Hits The App Store. Hands On With The Hardware.

    As we noted back in December, VeriFone wasn’t just going to sit back and let Square, the new startup by Twitter creator Jack Dorsey, dominate the iPhone/iPod touch payment space. Unfortunately, their announcement of PAYware Mobile looked rushed (and Photoshopped), and Dorsey himself didn’t seem too worried. Since then though, VeriFone was nice enough to send us the hardware they… Read More