VeriFone has completed its €600m acquisition of Point International, northern Europe’s largest provider of payment and gateway services and solutions for retailers and a supplier to PayPal’s NFC trial in Stockholm.

Point provides point-of-sale technology and support, gateway services, card encryption services, and e-commerce processing in eleven European countries and has 475,000 merchant customers.

Now that the acquisition is complete, VeriFone says it “intends to extend the Point platform throughout the region and beyond, with the aim of creating the world’s largest infrastructure for rapid deployment of alternative payments and NFC mobile commerce.”

“This acquisition supports our vision of offering retailers everywhere a managed service to easily accept all existing payment types, including the evolving alternative and mobile payment methods being offered by traditional card brands and new entrants such as Google, PayPal, Groupon and Isis,” says VeriFone CEO Douglas G Bergeron.

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