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Right -- let's get to another technology company the company that makes those credit cards -- machines for.
Electronic payments it's making a bigger push it to mobile payments now.
Verifone announcing it is acquiring global bay mobile technologies.
That announcement coming just two hours ago the company's CEO Doug pressure on joining us now in a Fox Business exclusive.
-- -- watch your company you know that the stock is up 25%.
Over the past year and you've just made this acquisition what will global they do for your business.
Gonna do a lot retailers are telling us that they -- -- have a better more intimate relationship with customers when there in the store.
-- you may go into would you meet you looking for -- is written a size eight red -- And they only have a seven and a nine but they want to show you a a blue -- Using it tablet -- computing right in the I'll write our near.
On the chair.
And they can bring if you other options that you may have and if you find something that you are like better or you stick with your site is a red -- and they can order from there e-commerce site right there and you can pay for -- there.
In the -- so.
-- -- looking for ways to make sure that people don't leave the store empty handed without.
Making the sale of -- -- that you don't just sit there waiting for them to go in the back room and get the shoes but clearly.
This is the way of the future -- you guys have been at the forefront of this but settling now.
There are competitors that are swirling around you may have a strategic partnership with Google wallet but -- square now that's coming in -- you've got -- -- The PayPal CEO they want to own mobile payments.
How are you going to sort of go step for step and then beat your competitors.
Well we're working very closely with PayPal PayPal wants to get into brick and mortar but these.
These solutions have to co exist.
With other solutions you're not gonna have a separate lane for the PayPal account.
And then on another lane for Visa and MasterCard -- so this is all gonna co exist nicely.
And played -- to benefit in our incumbency but listen great great industries like the -- industry -- competition competition is dead.
I agree I think competition is good it makes you a smarter business person if -- up to the task.
You guys are Smart enough to be going way before the London Olympics in September going in and making sure that all of the cabbies in London to have this white payment ability.
Listen your partnering with these -- that that's going to be huge but.
-- worried about Europe you saw the news today if there is a market slowdown are you worried that the Olympics there might not be as big -- that might hurt.
-- at the margin of course.
A lousy economy is not good for any business but we're part of a multi generational shift from cash to cash less.
And whether or not Europe's in recession next year or this is just -- speed bump in the road it doesn't really impact your business that much.
Well that's the thing we just -- the chief economist of vanguard saying that Smart US companies can still do pretty well are you -- hiring -- We are we have over 3000 employees now two thirds or employees outside of the US.
And we're looking at a lot of areas of of investment and I'm very bullish on the future.
Currency I was bullish on the future we'll take -- -- thank you so much and congratulations on the announcement that you are buying global bay mobile technologies.
David -- -- -- -- shopping can make it easier for me picked up at divers are out of the CEO that's stock's up 25% of the past it's funny.
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