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VeriFone

VeriFone acquires Global Bay

VeriFone, the world's largest electronic payment provider, announced today it had acquired privately held Global Bay Mobile Technologies, which makes apps that help mobile devices conduct financial transactions.

South Plainfield, N. J.-based Global Bay's infrastructure and software support are expected to strengthen VeriFone as it competes for a piece of the emerging mobile payments market.

By storing credit card and bank account information, cell phones equipped with the necessary near field communication technology can exchange information with other equipped phones as well NFC-based registers and terminals as a way of paying for goods and services wirelessly.

This … Read more

VeriFone, PayPal dial up mobile payments deal

The mobile payments race took an interesting turn today with an announcement from VeriFone and PayPal.

VeriFone, the business-focused electronic-payments company, unveiled a partnership that brings eBay-owned PayPal's merchant services to VeriFone's PayWare Mobile iPhone application.

PayWare, which is aimed at small businesses, consists of a hardware add-on and complementary iPhone application that turn a mobile handset into a credit card reader. With the new PayPal partnership, PayWare will accommodate PayPal payments as well as traditional credit-card transactions, and PayPal will market PayWare to its user base of business owners and eBay sellers. In addition, PayWare will now … Read more