VeriFone Systems Inc. and Gemalto on Oct. 20 announced a comprehensive strategic partnership.
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The two companies plan to jointly pursue new chip card services based on the global EMV payment standard, “particularly as U.S. retailers and card networks increasingly acknowledge chip card and contactless technologies as a core component of a comprehensive security infrastructure” the companies noted in a statement.
The two companies also are in exclusive discussions for VeriFone to acquire Gemalto’s point-of-sale services business.
