VeriFone Pays $800 Million-Plus for Europe’s Big Payment Provider

VeriFone Systems has acquired Point, which is a major retail payment and gateway provider in Europe, for €600 million ($817 million). It also agreed to pay down Point’s debt totaling €170 million ($230 million). VeriFone, which has been on an acquisition spree lately, says it will use the technology to quickly deploy alternative payment platforms worldwide.


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus