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Stock Market & Financial Investment News

News Breaks
February 21, 2013
05:40 EDTPAYVeriFone downgraded to Neutral from Buy at Citigroup
Citigroup downgraded VeriFone following the company's negative pre-announcement and lowered its price target for shares to $23 from $47. Note VeriFone was also downgraded this morning at Piper Jaffray.
News For PAY From The Last 14 Days
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July 15, 2015
07:29 EDTPAYNokia's HERE forms Open Mobile Ticketing Alliance
Nokia's (NOK) HERE mapping services announced that along with partners in the public and private sector it is forming the Open Mobile Ticketing Alliance, an effort to develop global standards that would allow people to buy public transit tickets from a single app on their mobile devices in cities worldwide. The aim of the Open Mobile Ticketing Alliance is to enable the vision of 'Register once, travel anywhere' by developing open, interoperable standards with payment vendors and transit operators. Other founding members include transportation service providers Scheidt & Bachmann and Thales (TCSFY), and mobile payment provider Verifone (PAY) Mobile Money. Public transit authorities implementing solutions based on OMTA benefit from lower fare-collection costs, while passengers can get the lowest possible fare based on how often they ride.

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