Over the last couple of years, VeriFone has accelerated its expansion into new markets and broadened its capabilities, especially into services.
Buying up Gemalto’s modest European terminal business expands VeriFone’s market while letting Gemalto focus on its card and IC business.
Gemalto is a leader in EMV card technology so, given the likely EMV evolution in the US, a partnership between these market leaders makes sense.
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