VeriFone

VeriFone SAIL challenges Square payments

VeriFone SAIL challenges Square payments

VeriFone has officially revealed its mobile payments system, SAIL, the company's attempt to engage with smaller and independent retailers and steal business from Square. Previewed earlier this week, VeriFone SAIL supports not only mobile card readers for iOS and Android devices, plugging in via the 3.5mm headphone socket, but integration with the traditional VeriFone countertop cardreaders for use with NFC, mobile wallet and other technologies.

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Google readying Android NFC payment system with MasterCard and Citigroup?

Google readying Android NFC payment system with MasterCard and Citigroup?

Google is reportedly partnering with MasterCard and Citigroup on NFC payment technology, using VeriFone NFC-enabled payment terminals to turn Android handsets into electronic wallets. According to the WSJ's sources, those with Citigroup-issued debit and credit cards would be able to use a new Android app - initially for the Nexus S, but then for subsequent NFC-equipped phones - rather than their physical cards when the service launches later in 2011.

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VeriFone launches anti-Square security campaign [Video]

VeriFone launches anti-Square security campaign [Video]

VeriFone has been making headlines recently with its NFC plans and potential Groupon button, but it seems the payments expert is also hoping to solidify its place in the market by sinking its upstart competitors. The company has kicked off new campaign claiming mobile payments service Square suffers "a serious security flaw": because the Square credit card reader, which plugs into the headphone socket of your iPhone or iPad, doesn't encrypt the data from the card, a malicious third-party could write an unofficial app that illegally collects your details.

Video demo after the cut

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Groupon coming to cash registers as coupons get technical

Groupon coming to cash registers as coupons get technical

Groupon is in talks with electronic payment hardware provider Verifone over integrating easier coupon redemption into its systems. According to Groupon president Rob Solomon, speaking to Businessweek, Verifone is among a number of companies the group purchase site is holding discussions with, and may involve the addition of a dedicated Groupon button to cash registers so that businesses could more easily deal with shoppers using the discounts.

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Verifone adding NFC to all new payment systems

Verifone adding NFC to all new payment systems

Point-of-Sale (POS) hardware specialist Verifone has confirmed it will be integrating NFC support into all of its new terminals, a move that should dramatically speed the adoption of wireless payments. Describing the decision as a reaction to "merchant resistance," CEO Douglas G Bergeron told NFC World that those retailers upgrading their POS hardware will find that they are automatically able to process NFC and contactless payments. However, he also cautions that throwing in an NFC chip won't be sufficient to kill off traditional payment methods.

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