Pacific Crest Securities on Tuesday initiated coverage of VeriFone Systems with an outperform rating, citing the credit-card payment machine maker’s “EMV” portfolio — Europay, MasterCard and Visa. Pacific Crest sees VeriFone Systems (PAY) benefitting as large retailers seek new ways to stop security breaches. “VeriFone has a unique security EMV (Europay, MasterCard (MA) and Visa (V) portfolio that addresses counterfeit fraud and, perhaps more
Amazon.com (AMZN), in its biggest move in payments to date, said Wednesday that it is offering a secure card reader and mobile app that lets small merchants process digital point-of-sale transactions. Called Amazon Local Register, it competes directly with similar offerings from Square, eBay’s (EBAY) PayPal, Intuit (INTU) and VeriFone Systems (PAY). The product can accept credit and debit cards loaded on smartphones or tablets. This includes Apple…
Amazon.com (AMZN), in its biggest move in payments to date, said Wednesday that it is offering a secure card reader and mobile app that lets small merchants process digital point-of-sale transactions. Called Amazon Local Register, it competes directly with similar offerings from Square, eBay’s (EBAY) PayPal, Intuit (INTU) and VeriFone Systems (PAY). The product can accept credit and debit cards loaded on smartphones or tablets. This includes Apple…