He suggested VeriFone as one possible buyer for Corduro once Ziegler is ready to exit.
Google is also working on a potential partnership with electronic-payments company VeriFone Systems Inc.
That would mean pressure on the shares of NXP Semiconductors (NXPI), VeriFone (PAY) and others.
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Square hopes to replace to cash registers and point-of-sale terminals, challenging companies like Verifone that make them.
"A phone is a lot smarter than a card, " said Doug Bergeron, VeriFone's chief executive, in an interview.
Google is working with VeriFone, Hypercom, Ingenico, VIVOTech and others to develop these next generation point of sale systems.
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To help spur adoption, MasterCard struck a deal with VeriFone Systems Inc.
VeriFone is continuing to prove that widespread incumbency combined with market-leading innovation is a winning formula for the payments marketplace.
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VeriFone has decided that calling out claimed security holes and focusing on enterprise-level payment options aren't enough to take on Square.
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VeriFone said the deal will be accretive to non-GAAP profits by 8-10 cents a share in 2012 and 30-35 cents a share in 2013.
About two years ago, he got a local technology contractor to install a payment processing system called PC Charge, made by VeriFone Systems Inc.
With the latest news from VeriFone, their trepidations should be allayed.
Investors faced a grim outlook, sending shares of VeriFone Holdings up more than 4% in extended trading on an adjusted quarterly profit that beat market estimates.
VeriFone would roll out more so-called contact-less devices, or readers that enable consumers to pay with a wave or tap of a credit or debit card.
VeriFone reports its quarterly results this Thursday (December 13).
PayPal this morning announced deals with offline payment systems operators Verifone and Equinox Payments that will make the eBay-owned service a more viable alternative for physical world payments.
Likewise, Verifone (NYSE: PAY), also in the motif, has shifted its revenue mix over the last eight years from the U.S. to emerging and developed markets where industrialization has paved the way for digital transactions.
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Late in 2010 he reached out to Andrew Murstein, president of Medallion Financial, a provider of taxicab financing, and Douglas Bergeron, the chief executive of Verifone Systems, which handles electronic payments for banks and retailers.
The companies used an unspecified infrared-equipped Palm device and a Toshiba Libretto, which beamed requests for check authorizations to a point-of-sale terminal, in this case a VeriFone Tranz 330 that was retrofitted with an infrared device from ACTiSYS and a custom cable from CrossCheck.
As Jacobson points out, the mobile commerce ecosystem includes payment processing network companies such as Mastercard (MA), Visa (V) and American Express (AXP) as well as point-of sale (POS) equipment companies like VeriFone (PAY) and NCR Corp. (NCR), which should help alleviate privacy and security concerns.
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