VeriFone Systems, Inc.
) recently entered into a strategic partnership with one of the
leading banks in Australia, National Australia Bank
Per the agreement, VeriFone will help NAB to provide Australian
businesses with access to the latest payments technologies on
Apple, Android and BlackBerry devices. VeriFone will also be the
sole provider of point-of-sale card acceptance solutions for NAB's
VeriFone will provide card acceptance technology and enhanced
mobility to NAB's 130,000 merchant customers. Equipped with mobile
payment solutions from VeriFone, merchants will be able to use
tablets or smart phones as payment acceptance devices from anywhere
In addition, the secure payment network from VeriFone will be
used to roll out updates and innovations as technology evolve,
thereby eliminating the need for additional infrastructure.
Moreover, VeriFone's mobile and tablet payment solutions are
compatible with Apple, Android and Blackberry smart devices,
providing merchants with greater flexibility while reducing costs.
VeriFone's open platform also enables retailers to develop their
own applications without bank certification leading to speedy
VeriFone remains upbeat regarding its association with NAB as it
will help to expand its secure and reliable payment systems to
customers in Australia.
Over the last two years, VeriFone has been focusing on
transforming its business in response to the rapidly evolving needs
of customers, retailers and payment innovators across the world.
The company aims to offer its retailers a managed service that can
easily accept all existing payment types, including the alternative
and mobile payment methods being offered by Google and PayPal,
Groupon, Isis, Visa, MasterCard and American Express.
Earlier, Indiana-based retailer
The Finish Line
) deployed VeriFone's mobile checkout and multimedia-driven
countertop payment solutions to improve the shopping experience of
its consumers, following a successful trial.
Headquartered in Indianapolis, Indiana, The Finish Line retails
performance and athletic casual shoes, as well as apparel and
accessories for men, women, and kids in the United States.
The Finish Line will deploy VeriFone systems across 638
locations by mid-November, prior to the holiday buying season.
The Finish Line will install 1,600 countertop multimedia MX
915 systems and 3,200 PAYware Mobile Enterprise secure mobile card
acceptance devices for the iPod touch.
We continue to maintain our Neutral recommendation on VeriFone
in the long run. Our recommendation is supported by a Zacks #3
Rank, which translates into a short-term rating of Hold.
FINISH LINE-CLA (FINL): Free Stock Analysis
VERIFONE HLDGS (PAY): Free Stock Analysis
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