VeriFone Systems up 8.4% on Positive Report by JP Morgan

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%.