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VeriFone Shares Jumped: What You Need to Know

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of retail payment device maker VeriFone (NYSE: PAY  ) have jumped by upward of 10% after MasterCard (NYSE: MA  ) outlined a new payment standard.

So what: MasterCard said it was looking to introduce a new credit card standard called EMV technology, replacing the currently ubiquitous magnetic strips. The payment-processing giant also said it would incentivize merchants to adopt the new standard, which would require implementing new payment terminals.

Now what: As a provider of payment terminals, VeriFone is seeing some upside on hopes that it will cash in on rolling out the technology and facilitating its adoption. JPMorgan analysts said that MasterCard's announcement has more promise for VeriFone since it is providing incentives, unlike rival payment processor Visa (NYSE: V  ) .

Interested in more info on Verifone? Add it to your watchlist by clicking here.

Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of MasterCard. Motley Fool newsletter services have recommended buying shares of Visa. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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Evan Niu
TMFNewCow

Evan is a Senior Technology Specialist at The Motley Fool. He was previously a Senior Trading Specialist at a major discount broker. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.

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Related Tickers

9/1/2015 4:06 PM
PAY $30.03 Down -1.21 -3.87%
VeriFone Holdings,… CAPS Rating: ***
MA $89.05 Down -3.32 -3.59%
MasterCard CAPS Rating: *****
V $68.96 Down -2.34 -3.28%
Visa CAPS Rating: ****