Note: This research was compiled on 3/14/13. Since then, VeriFone Systems has released an additional press release, detailing additional developments (new management appointments). Please see VeriFone Systems' investor relations page for further details.
Summary & Investment Recommendation
VeriFone Systems Inc. (PAY) is a leading global provider of payment solutions that enable secure, electronic transactions at the POS (point of sale). The company is the No. 1 or No. 2 provider in most markets by share and has installed its payment systems in over 20 million locations globally, serving companies in many different industries: retail, restaurants, petroleum stations, retail banking, transportation, healthcare, etc. In 2011, VeriFone acquired one of its two primary competitors, Hypercom. The current market structure for...
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