VeriFone has unveiled its intension to extend its focusing on end-to-end encryption solutions with the purchasing of encryption leader Semtek.

Earlier, VeriFone invested in Semtek’s equity funding.

Such an acquisition enables VeriFone to integrate the development, sales, implementation, and support of end-to-end encryption products into the existing VeriFone organization.

Besides, VeriFone is offering royalty-free software licenses to device manufacturers and payment processors to further spur market adoption.