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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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik