Merging
Equipment
In February (issue
98:02:02) we reported that Checkmate, maker of the well known check
reader (as well as debit and credit terminals) announced plans to
merge with International Verifact, Inc. (IVI). That merger is now
final.
If you read the February
GSQ, you also know the two companies were previously competitors. The
merger was motivated by a need to reduce costs as Checkmate lost a
reported $129,000 last year. The new company, IVI Checkmate Corp.,
will be the third-largest electronic payment company in North
America.
The largest shareholder
of the new company is expected to be Ingenico Group, a French company
and maker of secured payment systems.
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