Credit Card Processing Terminal Monopoly a Lock

While there is much said in the United States about anti-trust regulations in just about every business field, it doesn’t appear that credit card processing terminal sales fall under the same umbrella. Verifone, the major supplier of credit card terminals acquired Hypercom, the last of its realistic competitors a few months ago. This gives them an essential lock on the sale of terminals, nation-wide. Questions about the reliability of Verifone’s terminals began turning up about 5-6 years ago, and, strangely enough, that was about the same time that Verifone began aggressively buying up competitors. With the purchase of Hypercom, no large competitors exist. How Does this Affect Businesses? With no competition, Verifone will be in a position to set prices and all but force businesses to

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