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SAN FRANCISCO VeriFone Systems Inc is set to pull back from the hot business of signing up small merchants to accept credit cards payments, reducing competition for start-up Square Inc and other companies that jumped into the space recently, according to two people familiar with the situation. VeriFone, a leading provider of card readers and payment processing services, unveiled SAIL in May, a service that lets small and individual merchants accept card payments through devices that plug into smart phones and other mobile devices. The move was a response to the success of Square, a start-up led by Jack Dorsey, [...]

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