VeriFone dumps SAIL Pay mobile point-of-sale business

VeriFone has sold its SAIL Pay mobile point-of-sale business, according to a notice on the SAIL website. VeriFone wrote on its website that it "will soon begin the process of transferring our direct sales business to new ownership." The buyer was not disclosed, nor are the terms of the sale available at this time.

According to the company, the sale was completed on Jan. 31.