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Stock Market & Financial Investment News

News Breaks
December 16, 2012
21:53 EDTPAYVeriFone acquires two payment operations in New Zealand
VeriFone Systems announced an agreement with ANZ Bank New Zealand Limited to acquire EFTPOS New Zealand Limited. Additionally, VeriFone announced an agreement with the Sektor Group of New Zealand to acquire its Sektor Payments operation. The acquisitions provide VeriFone with comprehensive software, services and distribution resources to serve New Zealand with payment solutions and managed services, leveraging its Point payments-as-a-service platform.
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July 10, 2014
06:00 EDTPAYeBay repatriated cash likely to be used for M&A, says Piper Jaffray
Piper Jaffray believes a large part of the $9B in cash eBay expects to repatriate to the U.S. will be used for acquisitions in the payments space. The cash, equating to $6B net of taxes, could help eBay take advantage of the shift to mobile payments, the firm says. Piper lists Square, VeriFone (PAY), iZettle and Corduro as companies in the payment space that are within acquisition range for eBay. The firm has an Overweight rating on eBay with a $63 price target.

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