October 23, 2015
This morning there were two big announcements from two very different point-of-sales (POS) providers, Verifone and Poynt. Verifone has been providing POS terminals for the last 30 years and has established a presence in 150 countries while Poynt is a POS startup founded by Osama Bedier, former head of Google Wallet and a former PayPal executive. Poynt announced its series B round of $28 million to help it build and ship terminals before the year is out. Growth equity fund Oak HC/FT led the round. Stanford-StartX Fund, Matrix Partners, Webb Investment Network, and Nyca Partners also contributed. It also announced today that both its hardware and software platforms have received PCI PTS, PCI-DSS and EMV-certification, making it the first fully certified smart terminal on the market today.