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December 14, 2012 07:25 pm GMT
A reminder today that big companies often have trouble mirroring the efforts of companies disrupting their spaces: Payment industry giant VeriFone is killing its Square competitor Sail, which just launched in May, thanks to costs that didn't make the "razor-thin margins" it was seeing from its small merchant customers worthwhile. VeriFone announced the closure of its dongle-based mobile point-of-sale system during its Q4 earnings call yesterday.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/aqEU39tLnVI/
VeriFone Nixes Mobile POS And Square Competitor Sail, Citing Razor Thin Margins And High Attrition
A reminder today that big companies often have trouble mirroring the efforts of companies disrupting their spaces: Payment industry giant VeriFone is killing its Square competitor Sail, which just launched in May, thanks to costs that didn't make the "razor-thin margins" it was seeing from its small merchant customers worthwhile. VeriFone announced the closure of its dongle-based mobile point-of-sale system during its Q4 earnings call yesterday.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/aqEU39tLnVI/
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