Unless you really don’t give two hoots about the world of technology, it’s highly unlikely you would have missed the big brouhaha between San Francisco-based startup Square and VeriFone, a payment processing equipment & services provider. VeriFone accused Jack Dorsey’s product of not being secure and being easily hackable. Dorsey denied.
This week’s dust-up makes me wonder if VeriFone quite understands its own business. To me, they are a company that provides payment-processing services to big retail outlets, fast food chains and other large transaction volume establishments. That’s what really makes them a good company. Square isn’t going after those customers.
To read the full, original article click on this link: Are You Ready for the New Peer-to-Peer Economy?: Tech News and Analysis «
Author:
