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Stock Market & Financial Investment News

News Breaks
January 19, 2014
15:14 EDTPAYUpgrade in credit card technology may benefit VeriFone, Reuters says
After the data breach at Target (TGT), Verifone (PAY) is becoming interesting to investors and analysts as a company that could benefit from a major upgrade in credit card technology, says Reuters. VeriFone designs, markets, and services electronic payment solutions at the point of sale worldwide. Reference Link
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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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