The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
By Andy ObermuellerIntelligence always moves to the edge of the network. That wasn't always true of the communications business. The only thing "smart" at either end of this network might be one of the callers, and that certainly varied. Phones used to be nothing more than a speaker, a microphone and set of buttons that sent audible tones the system could recognize as numbers.
|Mobile payment means every merchant's checkout device you see needs to be replaced, and Verifone, as the the leading provider of hardware for electronic payment processing, stands to benefit.|