Verifone and Gemalto announced further expansion of their strategic alliance, and the two companies said they discussed preliminary plans for co-production of EMV chips and Pin solutions for the US market. At the same time, the two parties decided to transfer the POS solution business, and the transaction was completed at the end of 2010. The company received the completed customer relationship and completed the return to the Gemalto POS customer's product specifications. The customers are mainly located in the Middle East, South America and India. Gemalto is the preferred provider of VeriFone's M2M wireless modules and related solutions.
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