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Stock Market & Financial Investment News

News Breaks
January 15, 2014
06:09 EDTPAYVeriFone price target raised to $37 from $27 at Raymond James
Raymond James raised Verifone's (PAY) price target to $37 following comments by Target's (TGT) CEO supporting the adoption of the new Europay Visa MasterCard payment card standard in the U.S. The firm believes the migration to the new standard will lead to a nationwide PoS terminal upgrade cycle which will benefit Verifone. Shares are Outperform rated.
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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