Point-of-sale terminal supplier VeriFone is the second major POS terminal vendor to announce a deal to support PayPal’s in-store payment system in its devices.
The announcement by VeriFone, the largest POS terminal vendor worldwide, follows a similar agreement announced by No. 2 terminal vendor Ingenico in January. UPDATE: Equinox Payments, the U.S. POS terminal business of former No. 3 vendor Hypercom, also announced a deal today to support PayPal on certain terminals used by large merchants. END UPDATE.
The three vendors say they can upgrade terminals in the field with software to handle PayPal payments for merchants that agree to accept the PayPal brand.