DOJ: VeriFone must divest Hypercom point-of-sale unit to complete buy

By , Network World |  Data Center, retail, VeriFone Systems

POS terminals, especially those that can handle contactless payments, are a potentially huge market. According to the NFC Retailers Blog, about 2% of the approximately 7 million card-accepting merchants in the United States are equipped to handle contactless cards or phones. If Near Field Communications (NFC) technology for payments takes off, POS terminal vendors believe they will see a thriving business not only for hardware, but for software and services for payment, couponing, loyalty and other mobile-commerce applications. Such huge players as Google and mobile operators AT&T and Verizon Wireless will be pushing NFC-based mobile commerce and are recruiting merchants.

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Originally published on Network World |  Click here to read the original story.
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