VeriFone Systems, Inc. (NYSE:PAY)

CAPS Rating: 3 out of 5

The Company designs, markets and services transaction automation systems that enable secure electronic payments among consumers, merchants and financial institutions.


Player Avatar aleax (47.40) Submitted: 12/30/2012 2:29:13 PM : Outperform Start Price: $29.04 PAY Score: -17.75

VISA and Mastercard are going to essentially force US merchants to upgrade to chip-and-pin verification of credit cards (like in Europe and Canada) from today's insecure magnetic stripes, and by 2015 at the latest. PAY is best placed to take advantage from these upgrades, with a big boost to revenues over the next 3 years.

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