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Last $38.03 USD
Change Today +0.42 / 1.12%
Volume 842.4K
PAY On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

verifone systems inc (PAY) Snapshot

Open
$37.60
Previous Close
$37.61
Day High
$38.14
Day Low
$37.51
52 Week High
12/23/14 - $38.63
52 Week Low
10/15/14 - $28.19
Market Cap
4.3B
Average Volume 10 Days
837.8K
EPS TTM
$0.06
Shares Outstanding
113.7M
EX-Date
--
P/E TM
588.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for VERIFONE SYSTEMS INC (PAY)

verifone systems inc (PAY) Details

VeriFone Systems, Inc. designs, markets, and services electronic payment solutions at the point of sale (POS) worldwide. It provides countertop electronic payment systems that accept card payment options, such as NFC, mobile wallets, chip and PIN, and contactless payments, as well as support credit and debit card, EBT, EMV, and other PIN-based transactions; and a portfolio of application libraries and development tools. The company also offers multimedia consumer facing POS devices; unattended and self-service payment solutions designed to enable payment transactions in self-service environments; and integrated electronic payment systems that combine electronic payment processing, fuel dispensing, and ECR functions, as well as payment systems for integration. In addition, it provides mobile payment solutions for various segments of the mobile point of sale environment; contactless peripherals; network access solutions; security solutions; payment-as-a-service and other managed services, terminal management, payment-enabled media, and payment system security solutions; and server-based payment processing software and middleware, as well as taxi payment solutions. Further, the company offers equipment repair or maintenance, remote terminal management, software post-contract support, customized application development, helpdesk, customer service, warehousing, and encryption or tokenization services. It serves financial institutions, payment processors, petroleum companies, transportation companies, government organizations, healthcare companies, and quick service restaurants; taxi fleets, advertisers and media companies, and merchants and retailers; and distributors, banks and acquirers, system integrators, and independent sales organizations. The company was formerly known as VeriFone Holdings, Inc. and changed its name to VeriFone Systems, Inc. in May 2010. VeriFone Systems, Inc. is headquartered in San Jose, California.

5,200 Employees
Last Reported Date: 12/17/14

verifone systems inc (PAY) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.3M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $450.0K
President of Verifone Asia Pacific and Execut...
Total Annual Compensation: $410.0K
President of Verifone North America
Total Annual Compensation: $393.1K
President of Verifone Europe
Total Annual Compensation: $324.4K
Compensation as of Fiscal Year 2014.

verifone systems inc (PAY) Key Developments

Harbortouch Selects Verifone Terminal Solutions to Meet EMV, Next-Generation Payment Needs

Verifone announced that Harbortouch has selected Verifone terminal and PIN pad solutions to provide next-generation EMV and NFC capabilities to its customers. Harbortouch Selects Verifone Terminal Solutions to Meet EMV, Next-Generation Payment Needs. Harbortouch will use Verifone’s VX 520 countertop payment terminal in combination with the VX 805 PIN pad to accommodate EMV and contactless NFC payments. This solution provides merchants with an easy migration path to EMV as the mandated liability shift approaches. These Verifone terminal solutions also accommodate emerging NFC payment types such as Apple Pay.

Moneris to Work with Verifone as Exclusive Provider for its Countertop Terminal Solutions in United States

Moneris Solutions Corporation announced that Verifone will be the exclusive provider of EMV-enabled countertop terminals to Moneris’ merchant clients in the United States. Moneris will offer merchants seeking countertop EMV-capable payment terminal solutions the Verifone VX 520. The VX 520 offers enhanced connectivity and is an ideal solution for merchants that want to upgrade their existing devices or are seeking net-new solutions that can support EMV and NFC payments, such as ApplePay. The shift to EMV could have major implications for merchants in the U.S., as card associations shift the liability for certain fraudulent non-EMV transactions from issuers to acceptors starting in October 2015. Moneris will begin offering the VX 520 starting in May 2015. This EMV-enabled terminal solution from Verifone features a powerful processor and expandable memory that handles encryption, decryption and processing at lightning speeds. Integrated NFC capabilities support alternative payments as well as value-added applications such as loyalty or gift card acceptance. It can support all EMV-related transactions and will serve as the main solution for Moneris’ new clients as well as terminal upgrades for existing clients. This relationship with Verifone furthers Moneris’ efforts to assist merchants in transitioning to EMV, with a focus on reducing security risks by providing solutions with a layered security approach that combines EMV, end-to-end encryption and tokenization. This approach helps reduce PCI-compliance costs and minimizes liability in the event of a network intrusion.

Verifone Mobile Money and MTN Group Enter into Agreement to Deliver Retail Payment Devices to Merchants

Verifone Mobile Money and MTN Group reported an agreement to deliver retail payment devices to merchants across 16 of MTN's operating countries. The solution will enable customers to pay for goods and services using their mobile phone and MTN Mobile Money wallet, while merchants will be provided with payment terminal solutions from Verifone. Verifone Mobile Money is a joint venture between Verifone Systems and Mobilis Networks Limited to provide complete mobile money solutions designed to meet the needs of mobile operators for telco-based money transfer and payment services in emerging markets.

 

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Industry Analysis

PAY

Industry Average

Valuation PAY Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.2x
Price/Book 4.6x
Price/Cash Flow 49.1x
TEV/Sales 1.6x
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