In November 2010, VeriFone had agreed to purchase Hypercom. Both companies are providers of POS (Point-of-Sale) terminals. In an attempt to resolve the antitrust issues arising from the merger, Hypercom agreed to divest its US business to Igenico SA, another provider of POS terminals. The US DOJ moved to block both transactions by filing an antitrust suit in the Washington District Court, on the grounds that it would lead to a substantial lessening of competition. This was because VeriFone, Hypercom and Igenico were the only significant players in the US in relation to POS terminals. Subsequently, on May 20 2011, VeriFone, Hypercom and Igenico abandoned their plans to go through with the merger.