[Techtaffy Newsdesk]

U.S. transaction volume through VeriFone Systems‘ PAYware Connect gateway has achieved an annual rate exceeding $10 billion, a first for the mobile payments industry, says the company.

VeriFone’s PAYware Connect gateway delivers cloud-based, PCI-compliant payment services and advanced capabilities such as VeriShield Total Protect end-to-end encryption security. The gateway service consolidates all types of payments processing and provides extensive reporting and analytics.