VeriFone Systems PAY is trading higher on the session following a positive report by JP Morgan. The analyst note suggests that Mastercard's MA electronic payments roadmap is bullish for VeriFone.
In the report, JP Morgan says, "This announcement is clearly a positive for the POS terminal manufacturers, as it gives merchants another reason to upgrade their terminals. We note payment networks have a history of extending security deadlines
VeriFone Systems is currently trading at $42.73, a gain of $3.32 or 8.42%.
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