One issue that Verifone has is competing with its partners. For example, POS terminals are increasingly integrating with a merchants retail management software. This requires an integration supported by the retail management software vendor. Yet Verifone has decided to directly compete with POS software vendors through its Global Bay retail management software business. So, if you were a retail software vendor and you had a choice to integrate with either Ingenico or another vendor that is trying to put you out of business every day (i.e. Verifone), who would you choose?