VeriFone (PAY -2%) is lower after RBC downgrades the payment-processing hardware vendor to...

|About: VeriFone Systems, Inc. (PAY)|By:, SA News Editor

VeriFone (PAY -2%) is lower after RBC downgrades the payment-processing hardware vendor to Sector Perform. The firm is worried about slowing organic growth and recent revenue misses. Concerns about the impact of Square's card reader and iPad register solutions have already weighed (I, II) on VeriFone shares. RBC has also "downgraded" point-of-sale hardware vendor Micros (MCRS -2.1%) to Outperform from Top Pick.