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May 29, 2013 10:33 pm GMT

As Software Trumps Hardware In The World Of Payments, VeriFone Partners With CardSpring For Card-Linked Services

CardSpringThe world of payments is being turned over by the likes of Square, PayPal, Stripe and others, which are tackling the idea of payments based on hardware terminals, and new services that focus on innovations in smartphones and tablets with functionality coming by way of software iterations. Not to be outdone, incumbents like point-of-sale device maker VeriFone are also cutting their own deals to keep up in the game. The latest is a deal with CardSpring,a payments startupfounded by former Netscape engineers, which will allow thousands of merchants to enable loyalty programs, point-of-sale discounts, and more using customers' existing debit and credit cards.

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