I'm counting on it! Picked up $250,000 this morning. Looking for 2-4 points on an earnings beat! They have beat the last 6-7 quarters. I have been using it at McDonald's, Shoprite, Whole Foods, and Wendy's. The change to EPAY is not complete. Its just getting started!
As typical of the 'Eyes on me Media'. The articles about Apple Pay fraud is titled incorrectly. The gist of the issue is credit card fraud. If some gets another person's credit card info they could put the info into their iPhone and use Apple Pay. This is more about banks credit card security processes than Apple Pay, but as usual. People do not read past the headline.
Sentiment: Strong Buy
Verifone does over 70% of their business overseas, will FX hit them more than planned? The stock seems to be losing support ahead of earnings. Any comments?
Thank you. The part i was unsure of was if merchants had to upgrade their hardware or needed 3rd part hardware at all for the IPAY transactions.
NEW YORK (MarketWatch)—You eventually will ditch your wallet and start using Apple Pay or an equivalent digital wallet, according to VeriFone Systems Inc., the company whose technology powers mobile payment technologies.
In December, point-of-sale device manufacturer VeriFone PAY, +0.87% said Apple Pay AAPL, +0.11% would usher in a new era of mobile payments that would make cash and plastic as annoying to carry as coins are today. Proponents of the technology say digital wallets will one day become so ubiquitous that cash and plastic will be pushed into virtual irrelevancy.
In a note to clients on Wednesday, Susquehanna Financial Group analyst Meghna Ladha said this provides a “multiyear opportunity” for VeriFone.
The stock is Susquehanna’s “top pick for the year” in 2015. Ladha reiterated a positive rating on VeriFone and a 12-month price target of $38 on the stock, which implies a 14% improvement over today’s price. The average rating among more than 17 analysts polled by FactSet is overweight.
Shares of VeriFone traded up 1.3% at around $33.33 in recent trade. They are up about 17% over the last 12 months but have fallen 10% since November. Apple’s stock recently traded up 1.4% at around $123.76.
Ladha said there is a “sharp disconnect” between VeriFone’s fundamentals and valuation, which could drive upside potential for investors, especially as Apple Pay sparks mainstream adoption of mobile payment technologies and other catalysts, such as new regulations, drive merchants to upgrade point-of-sale terminals. The company’s current price-earnings ratio is 16.68, compared with 23.97 for rival NCR Corp. NCR, -0.60%
Last quarter, VeriFone said Apple Pay played a part in a 12% revenue increase in its business segment covering small- and medium-size U.S. businesses. But the adoption of Apple Pay has so far been minimal, partially because it’s still not accepted at a vast majority of retail locations and has not expanded internationally.
The potential benefit for VeriFone is that nearly all of its EMV point-of-sale terminals in the U.S. today are capable of hosting near field communications [NFC], the technology required to operate Apple Pay, yet just 10% to 15% of all sales terminals currently outstanding in the U.S. are NFC capable.
How does APPLE IPAY affect PAY? Im trying to do some DD and it seems kinda of a wash to me? But...seems like it could disrupt PAYS business model. Hard to make heads or tails of it all. Little help??
"Right now it's the number one payment method for us in our iOS apps," said Prat Vemana, VP of mobile commerce for Staples, speaking at a panel in Seattle on Tuesday.
3o% of Staples' in-app purchases on iOS are coming from Apple Pay,Â Vemana said.
When Apple Pay came out last October, around 65% of Staples' Apple Pay transactions in its mobile apps were coming from new customers.
Staples' success with Apple Pay stems from the fact that there hasn't been an easy way shop on mobile devices without having to enter your payment information, which can easily deter shoppers.
Although Staples has benefitted from Apple Pay in its iOS apps, the same can't be said for in store purchases.
Vemana said a " healthy" amount of people had tried Apple Pay in stores but didn't give any specific numbers. Â Apple Pay wasn't in the top three transaction types in Staples stores.
Sentiment: Strong Buy
Does anyone know if there are recurring revenues from the Veriphone pay systems. Does Veriphone get pay per swipe, or is this a lease/purchase of equipment. Any help appreciated...
I've been watching both companies ING.PA and PAY, and ingencio has been doing better on stock performance for a while. I would think both companies should be taking advantage of the EMV conversion going on. I see verifone terminals everywhere and I went to England and Kuwait last year they were in most every merchant and restaurant.