AAPL Stock: 111.79 ( + 0.19 )

Subscribe to this page now.

Verifone cuts Sail, pulls out of mobile card payments

12/14, 3:25pm

Mobile payments deemed 'fundamentally unprofitable'

Payment processor VeriFone is withdrawing from the mobile card payments market, citing "razor-thin margins." The decision to shutter Square-competitor Sail came to light during a quarterly conference call, with CEO Doug Bergeron calling the market for low-volume merchant processing as "fundamentally unprofitable."


VeriFone to bring out Square-like payment card reader

05/07, 4:32pm

VeriFone to bring out SAIL card reader to defend against Square

VeriFone will release a new card reader that plugs into the iPhone or iPad's 3.5mm headphone input to process payments. A step up from its PayWare solution for hardware, the new device, called SAIL, will be very close to Square's hardware. VeriFone already makes card payment hardware for larger businesses and stores, and is trying to protect this client base from smaller up and comers like Square, BusinessInsider reported.



Connect with Us

FREE Apple, iPhone and Mac Newsletter

  • We will not share your email address with anyone.

    Follow us on Facebook


    Most Popular


    Recent Reviews

    Polk Hinge Wireless headphones

    Polk, a company well-established in the audio market, recently released a new set of headphones aimed at the lifestyle market. The Hin ...

    Blue Yeti Studio

    Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

    ZTE Spro 2 Smart Projector

    Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...


    Most Commented