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An article relating to this blog post on Finextra:

Ingenico bids for Hypercom

French eftpos outfit Ingenico has made an unsolicited all-cash bid to acquire rival US e-payments firm Hypercom for around $332 million, but the deal is contingent on the Arizona-based vendor dropping...


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Strange things afoot in the POS world...

When I worked for a terminal vendor a few years ago, I made a prediction that the market would quickly consolidate down to a few (probably 3) big players - and that they'd most likely be VeriFone, Hypercom & Ingenico - but what I didn't see coming was that the market would get as cutthroat as this.

What's unfolding in the Hypercom/Ingenico/Thales 'love triangle' is the kind of thing that would normally only happen in a soap opera. In fact the latest letter from Stout to Lazare indicates that the activities of the big 3 may end with us having a global duopoly before too long (which the EU says is bad in the card scheme world). But I guess the real question has to be 'is Ingenico trying to buy Hypercom or just toy with them?' (answers on a postcard please...) - I can't wait for the next episode to be honest!

Thankfully though, VeriFone have got their own self-induced problems to deal with and so are keeping well out of it. Wonder if they'll swoop for Thales when the dust settles?

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Ainsley Ward

Ainsley Ward

VP Consulting, Payments

CGI

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10 Oct 2007

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Toronto

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Trends in Financial Services

A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.


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