Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
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.
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.