Verifone Investing in Cash?
Verifone Investing in Cash?
That's right. Verifone, the market leader in manufacturing Credit Card terminals, has made a $4 million investment in CyberCash which secures payments over the Internet. (No, that's not the stuff you use before Final Net.)
Industry pundits are predicting that within six years, global shoppers will use the Internet to purchase $600 billion of goods and services, almost 8% of worldwide purchases. This number is just under 1% today.
If you are a believer in this prediction, roughly akin to a checkless society, as predicted by Dale Reistad and other bankers in the early 1970's, then you will be jumping on the Internet Highway.
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