VeriFone buys remaining stake in VeriFone Transportation

By AP
Friday, April 2, 2010

VeriFone buys remaining stake in venture

SAN JOSE, Calif. — Electronic payment equipment maker VeriFone Holdings Inc. said Friday it has acquired the remaining minority interest in VeriFone Transportation Systems.

Financial terms were not disclosed.

VeriFone Transportation was formed as a joint venture with TaxiTronic Inc. in 2005, the company said. It provides payment systems and fleet management systems for taxis.