VeriFone Inc. signed a marketing agreement with EHPT in a joint venture between Ericsson and Hewlett-Packard to deliver an integrated Internet payment solution that would handle micro- and macro-payments for value added electronic services. At the time, VeriFone was a division of Hewlett-Packard Co.
Due to a Chapter 11 bankruptcy reorganization, the assets of CyberCash were auctioned off. Pending final approval, VeriSign Inc. and First Data Merchant Services placed the winning bid of $20.4 million, which was submitted jointly by the two companies.
Blackstone awarded Hypercom Corp. a $50 million contract to roll out Hypercom's ePic ICE card payment terminals and web appliances in support of Blackstone's POS activation program. The program allowed retailers to sell Blackstone's prepaid calling services and products using Hypercom's credit card terminals.
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