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Verifone, Inc. is an American multinational corporation headquartered in New York City, New York. Verifone provides technology for electronic payment transactions and value-added services at the point-of-sale.
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Prepayment meters are intended to help customers to manage energy use, thereby helping the environment, and control their spending, thereby enabling to live within their limited means. [3] Typically about 40% of customers use prepayment meters for their electricity and gas: this percentage has remained roughly constant over the last five years ...
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On April 4, 2011, Ingenico announced its agreement to acquire Hypercom's U.S. Payment Systems Business prior to the close of the VeriFone acquisition [2] On the same day it announced that its UK and Spanish operations would be sold separately to a private investment company and this business was renamed as Spire Payments. [3]
FT Partners took an advisory fee of $1.25 million which was paid in VeriFone shares valued at the offering price of $10 each that FT Partners could not sell for six months. It was hoped that the share price would appreciate in the future which would increase the firm's payout even more. [3] [4]