VeriFone Nixes Mobile POS And Square Competitor Sail, Citing ?Razor Thin Margins? And ?High Attrition?

A reminder today that big companies often have trouble mirroring the efforts of companies disrupting their spaces: Payment industry giant VeriFone is killing its Square competitor Sail, which just launched in May, thanks to costs that didn't make the "razor-thin margins" it was seeing from its small merchant customers worthwhile. VeriFone announced the closure of its dongle-based mobile point-of-sale system during its Q4 earnings call yesterday.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/aqEU39tLnVI/

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