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20 February 2013

VeriFone proposes app and dongle-based system for turning smartphones into card acceptance devices

VeriFone has had the wind taken out of Sail, its app and dongle-based system for turning smartphones into card acceptance devices. Having failed to gain traction with merchants, VeriFone will instead offer the technology to banks. Sail was launched in May 2012, but according to the company, the standalone economics of micro-merchant acquiring ultimately proved to be unprofitable. 

http://www.paymentscardsandmobile.com/