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March 19, 2012 11:24 pm GMT

VeriFones Payments Gateway And Square Competitor Reaches $10B In Yearly U.S. Transaction Volume

verifone-1VeriFone, which offers a Square competitor and mobile payments platform PAYware, is reporting that U.S. transaction volume for its payments gateway has achieved an annual rate exceeding $10 billion. Keep in mind, this includes both its payments gateway, as well as VeriFones PAYware Mobile offering, which allows merchants to accept payments via a software-hardware combo from smartphones. VeriFone's payment gateway services can be applied via mobile phones, consumer facing large retail checkouts, multi-media enabled pay at the pump solutions, interactive taxicab systems and tablets.

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