Seeking Alpha

PAY
VeriFone Systems, Inc.

5/26/2012, 5:36 PM ET
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PAY Market Currents more »
  • Friday 12:00 PM Groupon (GRPN) bear Rocky Agrawal has obtained an e-mail suggesting the company will launch a credit-card reader that charges a fee of just 1.8%, along with a $0.15 transaction charge. This compares with a fee of 2.75% for fast-growing Square, and 2.7% for solutions (I, II) from PayPal (EBAY) and Verifone (PAY), but with no transaction charge. Consider this part of Groupon's efforts to brand itself as a broader solutions provider for local merchants, rather than a mere daily deals company.
    Comment!
    [Tech]
  • Friday 9:05 AM Premarket gainers: GNOM +20%. FRO +7%.
    Losers: DCTH -36%. TLB -27%. GENE -11%. PAY -10%. NYMT -6%. VRML -6%.
    Comment!
    [On the Move]
  • Thursday 4:37 PM More on VeriFone (PAY): FQ2 beats on a per share basis on a 62% jump in total revenue. Net earnings fell 43% however, as restructuring and acquisition-related costs continued to weigh on bottom line margins. Shares -7.8% AH.
    1 Comment
    [Earnings, Global & FX]
  • Thursday 4:05 PM VeriFone (PAY): FQ2 EPS of $0.64 beats by $0.03. Revenue of $472M (+62% Y/Y) in-line. Shares -7.8% AH. (PR)
    Comment!
    [Earnings, Tech, On the Move]
  • Thursday 11:25 AM PayPal's (EBAY) tie-up with payment-processing rival Verifone (PAY) is all about fending off Square, suggests Owen Thomas. PayPal, while expanding its offline partnerships, doesn't have Verifone's retail reach, and Verifone can't match PayPal's low cost structure. While PayPal and Verifone have each released rival offerings (I, II) to Square's credit-card reader, their deal is an attempt to halt Square's efforts to move upmarket and sell retailers on a soup-to-nuts payment solution.
    1 Comment
    [Tech, Consumer]
  • Thursday 8:22 AM eBay (EBAY) strikes a deal with VeriFone (PAY) and Equinox Payments that will help it see PayPal gain wider acceptance at physical retailers. The move could expand PayPal's reach to 40M global payment terminals as it muscles into the competitive market to process payments at stores.
    Comment!
    [Consumer]
  • Thursday 12:10 AM Notable earnings after Thursday's close: PAY, RUE
    Comment!
    [Earnings]
PAY in Focus more »
PAY Instablog posts more »
  • Barchart's Morning Call 5/24
    Thu, May 24 • Jim Van Meerten • Comment!
  • Bob Looses A Tooth
    Sat, May 12 • Scott Wachsler • 9 Comments
  • Hot Dogs For Nathan
    Tue, May 8 • Scott Wachsler • Comment!
  • SeekingAlpha Experiment: Picks For May 2012
    Mon, May 7 • Jeff Gonion • Comment!
  • 5 Techs Fueling Fund Gains...Besides Apple
    Fri, Mar 9 • Kate Stalter • Comment!
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Company Description

We are a global leader in secure electronic payment solutions. We provide expertise, solutions, and services that add value to the point of sale with merchant-operated, consumer-facing, and self-service payment systems for the financial, retail, hospitality, petroleum, transportation,... More