Credit and debit card transactions only continue to grow, but investors have clearly tired of VeriFone's (PAY) uninspiring performance and management missteps. That leaves investors looking to payment processors like Heartland Payment Systems (HPY) or Global Payments (GPN) to play the trend, or European payment and security companies like Gemalto (GTOMY.PK) and VeriFone's co-duopolist Ingenico (INGIY.PK). Unfortunately, not unlike VeriFone a little while ago, it looks like the market already expects a very full growth outlook for Ingenico.
Recent Results Suggest Very Solid Growth...
Whereas VeriFone recently warned the Street that there would be barely any revenue growth for its January quarter, Ingenico came through with a solid December quarter....