Trintech acquires Verifone's secure payment infrastructure and internet product

Trintech has announced that it has acquired VeriFone's ePS product line, which provides payment switching, prepaid and internet functionality, and an installed based of more than 35 customers.

The purchase price is $3.5m.

The VeriFone ePS product line is an e-commerce payment management solution aimed at large retailers, financial institutions, network operators and other multiple service providers.

This product line is seen as a fit with Trintech's PayWare suite.