Verifone Inc. has introduced a portable point of sale terminal that will enable restaurant customers to pay for meals with credit or debit cards without having to hand over their plastic to a waiter or cashier.

Verifone, which is by far the largest supplier of POS terminals to U.S. merchants, said it developed the product to reduce fraud and streamline tip reconciliation.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.