VeriFone recently announced
that it is increasing its emphasis on end-to-end encryption solutions with the acquisition of encryption leader Semtek. VeriFone previously invested in Semtek’s equity funding. The acquisition, effective immediately, enables VeriFone to integrate the development, sales, implementation, and support of end-to-end encryption products into the existing VeriFone organization.
Additionally, VeriFone is offering royalty-free software licenses to device manufacturers and payment processors to further spur market adoption.