Under the terms of the deal, First Data has become a distributor and reseller of VeriFone payment solutions in the US, via its TASQ Technology division. TASQ Technology delivers maintenance and deployment services for payment devices to merchants.
VeriFone will build and manufacture high-volume co-branded countertop payment systems that will extend the First Data suite of payment services. The two companies will focus on non-US reseller and distribution relationships, EMV countertop solutions, and Class A certification of other VeriFone devices.
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