VeriFone Systems Inc., the largest maker of credit-card terminals, is moving away from competing directly with Square Inc. in mobile payments, according to David Talach, VeriFone’s vice president of industry engagement.

Instead of promoting its Sail attachment, which lets smartphones accept debit and credit card payments, to merchants, VeriFone will offer the tool to banks for them to resell to their business customers. VeriFone said today that some assets related to Sail will be divested and that it’s “exploring opportunities with potential third parties.”

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