Paul Galant, a former Citigroup executive, took the helm of VeriFone Systems Inc. in September – the company’s third CEO in one year. His task now is to address the needs of a merchant-acquiring market that is moving fast and hasn’t seen this much change in 30 years. Can a company that has led the payment-terminal market maintain that status when tablets and inexpensive but sophisticated point-of-sale software are fast displacing its core products?
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