Global | Change

Verifone Buying AJB to Sweeten Acquirer Tech

Verifone plans to acquire payment technology and switching solutions provider AJB Software, a move that would allow the point of sale hardware maker to offer more services to its acquiring partners as merchants deploy EMV security and mobile wallet acceptance. AJB, which has about 150 clients in the U.S. and Canada, provides connections between payment devices and more than 100 processors and applications, covering government benefits, stored value and fleet card payments at merchants such as supermarkets and convenience stores. January 15, 2016