News
VeriFone worth improves after smart-card deal with Chinese bank
June 14, 2007
Forbes: VeriFone looked fine to Wall Street after announcing a major contract with the China Postal Savings Bank. The company's shares rose $3.17 to $35.83. The contract includes VeriFone terminals that can read debit, credit and smart cards. Companies, like Verifone, involved in electronic payments have received a boost from private equity interest. Last month's acquisition deal between Alliance Data Systems and Blackstone Capital Partners marked the third time in two months that a private-equity firm had taken a stake in the sector.
Read also, BREAKING: First Data to sell for $29 billion.
Banking Executive SummaryTransaction ProcessingEMVDebit / CreditOtherNorth AmericaPublic CompaniesBank / Credit Union
Related Media
Subscribe
Get the latest news and resources from ATM Marketplace.
Recent Posts
SEC accuses former ATM businessman Daryl Heller of funneling $185M from investors
Fifth Third named as top veteran friendly employer
DC AG sues Bitcoin ATM operator Athena Bitcoin for allegedly exploiting scam victims
NCR Atleos earns #5 rank in fintech rankings
SEC to revamp cryptocurrency policies amid Trump's pro crypto push
