Last $36.62 USD
Change Today -0.61 / -1.64%
Volume 1.5M
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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

verifone systems inc (PAY) Snapshot

Open
$37.48
Previous Close
$37.23
Day High
$37.57
Day Low
$36.62
52 Week High
06/17/14 - $38.26
52 Week Low
10/9/13 - $21.44
Market Cap
4.1B
Average Volume 10 Days
2.2M
EPS TTM
$-2.46
Shares Outstanding
113.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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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; an array of software applications and application libraries; and portable solutions that support 3G, GPRS, Bluetooth, and WiFi technologies. 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. Further, the company offers equipment repair or maintenance, gateway processing, 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, quick service restaurants, taxi fleets, advertisers and media companies, merchants and retailers; and distributors, resellers, 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.

5,699 Employees
Last Reported Date: 12/19/13

verifone systems inc (PAY) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $2.3M
Chief Financial Officer, Principal Financial ...
Total Annual Compensation: $336.1K
President of VeriFone Americas
Total Annual Compensation: $393.1K
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $386.9K
Compensation as of Fiscal Year 2013.

verifone systems inc (PAY) Key Developments

VeriFone Systems, Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended July 30, 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014; Raises Earnings Guidance for Fiscal 2014

VeriFone Systems, Inc. announced unaudited consolidated financial results for the third quarter and nine months ended July 30, 2014. For the quarter, the company’s net revenues were $475.9 million compared to $416 million a year ago. Operating loss was $7.5 million compared to $2.7 million a year ago. Loss before income taxes was $22.3 million compared to $14.8 million a year ago. Net loss attributable to company stockhoders was $29 million or $0.26 per basic and diluted share compared to $1.9 million or $0.02 per basic and diluted share a year ago. Non-GAAP net revenues were $476.4 million compared to $417.5 million a year ago. Non-GAAP operating income was $62.9 million compared to $43.6 million a year ago. Net income attributable to company stockholders was $45.3 million or $0.40 per basic and diluted share compared to $26.4 million or $0.24 per basic and diluted share a year ago. Net cash provided by operating activities was $58.9 million compared to $49 million reported a year ago. Third quarter ended with net debt of $660 million. The company reduced net debt by $50 million from second quarter. Free cash flow was $38 million. Capital expenditures were $21 million, including $15 million from revenue-generating assets, mainly equipment for Payment-as-a-Service, taxi and media businesses. For the nine months, Net revenues were $1,378.4 million compared to $1,271 million a year ago. Operating loss was $27.6 million compared to $50.6 million a year ago. Loss before income taxes was $69.6 million compared to $79.1 million a year ago. Net loss attributable to company stockhoders was $69.2 million or $0.62 per basic and diluted share compared to $48.4 million or $0.45 per basic and diluted share a year ago. Non-GAAP net revenues were $1,380.3 million compared to $1,276.9 million a year ago. Non-GAAP operating income was $176.1 million compared to $188.4 million a year ago. Net income attributable to company stockholders was $121.7 million or $1.07 per diluted share compared to $129.5 million or $0.45 per basic and diluted share a year ago. Net cash provided by operating activities was $147.4 million compared to $181.5 million reported a year ago. Capital expenditures were $62.8 million compared to $60.3 million reported a year ago. For the fourth quarter of fiscal 2014, the company expects Non-GAAP net revenues of $478 million to $483 million, non-GAAP net income per diluted share of $0.39 to $0.40. The company expects free cash flow generation to be approximately $25 million, excluding the $61 million litigation payment the company made in first quarter. For fiscal 2014, the company has raised earnings guidance. The company expects non-GAAP net revenues of $1,858 million to $1,863 million, and non-GAAP net income per diluted share of $1.46 to $1.47. The company expects free cash flow generation to be approximately $171 million for full year 2014, excluding the $61 million litigation payment the company made in first quarter.

VeriFone Systems, Inc. to Expand Taxi & Media Services to Turkey and Mexico

VeriFone Systems, Inc. announced that it plans to expand its taxi and media services to Istanbul and throughout Mexico's Mayan Riviera. Through this expansion, VeriFone stands to provide more than 20,000 additional taxis with secure, in-taxi and mobile payments, mobile hailing and booking, and interactive multimedia content during passenger rides. VeriFone's Way2ride mobile taxi app will be available to Istanbul taxi passengers beginning in late 2015 as the company expands international deployment of its taxi and media services. In association with Mexicar, VeriFone's taxi and media services will also be available to more than 3,000 taxis operating in Mexico's Mayan Riviera --Cancun and Playa Del Carmen--through VeriFone's partnership with one of the large financial institutions in Mexico. Mexicar has been selected by the Mayan Riviera's taxi drivers' unions to supply member taxis with payment, advertising and media solutions, which Mexicar has agreed to obtain exclusively from VeriFone. VeriFone Launches Way2ride Mobile App for New York City Taxis.

Airtel Partners with VeriFone Mobile Money to Roll Out Tap 'N' Pay Services in Africa

Bharti Airtel and VeriFone Mobile Money announced a deal to offer VeriFone Mobile Money's merchant enablement applications for mobile Tap n Pay across Airtel's 17 operating countries in Africa. VeriFone Mobile Money's Tap n Pay applications are a smart, secure and fast way for customers to pay, buy, bank, bill and remit money with their mobile phone at the point of sale. The partnership will enable the two firms to work together with banks, insurance and transport companies to expand access to mobile financial tools and services for Airtel Money customers. VeriFone Mobile Money has signed a group master agreement for the delivery of its merchant enablement solutions to Airtel Africa. As part of the deal, VeriFone Mobile Money will implement a full suite of Retail Enablement applications integrated to VeriFone's range of payment devices across the group, enabling the deployment of Mobile POS (mPOS), POS and Biometrics for International Remittance to Airtel Money customers, the solution will enable fast and secure transaction processing at the agents point of sale.

 

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