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Verifone’s CEO Focused on Streamlining Over Deal Making

Verifone Systems Inc. Chief Executive Officer Paul Galant said he’s spent his first year at the helm streamlining operations at the maker of credit-card readers, which had previously expanded through acquisitions.

“I came to Verifone at a difficult time,” said Galant, who was named CEO in September 2013. “The company had lost its way. There was a disconnect between what our clients needed from us and what we offered,” he said in an interview at the Money20/20 conference in Las Vegas.