Wed, Jul 23, 2014, 2:14 PM EDT - U.S. Markets close in 1 hr 46 mins

Recent

% | $
Click the to save as a favorite.

VeriFone Systems, Inc. Message Board

  • ziggy030859 ziggy030859 Jan 22, 2013 10:31 PM Flag

    Its all Good

    Verifone is the biggest maker of credit card payment terminals, and has a healthy and growing business putting mobile payment systems into taxi cabs in New York city and across America. It’s a lucrative business, and one that has attracted plenty of attention from Silicon Valley upstarts.

    Those clunky-looking credit card terminals are basically just less-sophisticated little computers that can read magnetic stripes and connect to the internet, would-be disrupters assume: why not just make an accessory that lets mobile phones, tablets or laptops read the cards, and pair it up with software that looks better and does more?

    The upstart insurgency has been led by Square, which has inspired me-too products by other payments players like PayPal and Intuit. But the significance of that insurgency is questionable, according to analysts at SunTrust: they think major retailers will stick with terminal providers like Verifone, and that the company will end up doing deals with so-called mobile wallet providers that will make their terminals more easily integrated in with online payment systems. From a note today:

    VeriFone’s Future of Retail Technology Day supported our view that the leading Payments incumbent will play an integral role in the evolving future of POS technology. VeriFone is well-positioned to partner with leading retailers as they implement new POS solutions, including mobile payments, loyalty and security. Investors will likely continue debating VeriFone’s competitive position. The noise around POS disintermediation should die out, however, as the market appreciates terminals’ primacy, especially at Tier 1 retailers. We expect to hear about tighter integration with leading wallet providers, such as PayPal and possibly Square.

    Verifone stock rose almost 4% today. Late last week, the taxi regulator in Washington, D.C. ordered all the cabs under its umbrella to install a mobile payment system by the end of March, although a previous requirement that they purchase systems from Verifone has been dropped, and the cabbies are now free to chose from any product on the market.

 
PAY
35.59-0.75(-2.06%)2:13 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.