Electronista

Mobile News   gadgets  
updated 03:25 PM EST 12.14.12
Verifone cuts Sail, pulls out of mobile card payments
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."