Verifone Pulling Out of Mobile Vard Payments for Now

Payment processor VeriFone is withdrawing from the mobile card payments market, citing “razor-thin margins.” The decision to shutter Square-competitor Sail came to light during a quarterly conference call, with CEO Doug Bergeron calling the market for low-volume merchant processing as “fundamentally unprofitable.” Sail opened for business earlier this year, offering customers a card reader that […]