Photographer: Simon Dawson/Bloomberg

Once the Credit-Card Reader to Beat, VeriFone Is Losing Its Grip

  • Payment-terminal maker slower to introduce mobile alternative
  • Chinese companies Fujian Newland, Pax nipping at its heels

If you pay with plastic at the checkout, chances are you’ve seen the logo of San Jose, California-based VeriFone Systems Inc. You may soon see a Chinese one instead.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.