Verifone Inc. established a subsidiary in Buenos Aires - Verifone Argentina SA.

The move reflects increased opportunities in the transaction-automation market throughout Latin America.

Opened in December, the Argentine subsidiary is staffed for sales, administration, and technical support.

Verifone has been selling systems in Argentina since 1989.

According to the Nilson Report's September 1995 edition, Argentina ranked second to Mexico in bank-card volume in Latin America, with nearly $8 billion in 1994 - a 20% increase over 1993.

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