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Pacific Crest Securities on Tuesday initiated coverage of VeriFone Systems with an outperform rating, citing the credit-card payment machine maker’s “EMV” portfolio — Europay, MasterCard and Visa. Pacific Crest sees VeriFone Systems (PAY) benefitting as large retailers seek new ways to stop security breaches. “VeriFone has a unique security EMV (Europay, MasterCard (MA) and Visa (V) portfolio that addresses counterfeit fraud and, perhaps more Scalper1 News
Scalper1 News