Pay stock quote, history, news and other vital information to help you with your stock trading and investing. Verifone expands services offering for large retailers in the. Notably, the guidance takes into account the synergies from the acquisitions of intercard ag and ajb software design inc. Technical analysis summary for verifone systems with moving average, stochastics, macd, rsi, average volume. Verifone buying ajb to sweeten acquirer tech paymentssource. Merging ajb s solutions and expertise with verifone s breadth of services and systems expertise will provide retailers multiple options to manage and secure their payment infrastructure, said jennifer miles, president of north america for verifone, in a jan. Verifone reports results for the first quarter of fiscal 2016. Verifone is an american multinational corporation headquartered in san jose, california, that.
A free inside look at ajb software design salary trends based on 14 salaries wages for 8 jobs at ajb software design. Verifone systems delivers point of sale electronic payment devices that run our unique operating systems, security and encryption software, and certified payment software for both payments and. Were connecting more than 29 million payment devices to the cloudmerging the online and instore shopping experience and creating the next generation of digital. Verifone is transforming everyday transactions into opportunities for connected commerce. Ingenicos share price varies on the paris stock exchange, reflecting concerns about the companys debt and an expected decline in ebitda for 2018 despite an increase in sales. Offering a unified customer experience whether its instore, inapp, online or wherever your consumers take you, verifone is leading the way to meaningful innovation and better customer journeys. Headquartered in toronto, ajb software links over 500,000 devices from verifone and others through its onpremise gateway and other solutions to over 100 processors and applications. Jun 08, 2016 pays results were a disaster, and verifone stock has become a falling knife for a number of reasons, including a growing horde of competition in an increasingly easytocrowd space.
If you think this message is wrong, please contact your jira administrators. Verifone on acquistion spree, buys ajb software january. Verifone on acquistion spree, buys ajb software january 20. Jan 15, 2016 verifone pay today announced it has signed an agreement to acquire ajb software design, inc. Acquiring ajb will better enable verifone and its partners, such as independent software vendors isvs and acquirers, to deliver payment and commerce services that meet merchants demands for additional simplicity, security, flexibility and functionality. Ajb software design acquired by verifone the institute for.
Google finance after facing pressure on friday post their results. Ag, a leading payment service provider in germany, and in february 2016, we acquired ajb software design, a provider of payment gateway and switching solutions for large merchants in the u. Verifone on acquistion spree, buys ajb software nasdaq. The transaction, subject to regulatory approval, is likely to conclude in the. The company provides solutions and services to the financial, retail, hospitality, petroleum, transportation, government and healthcare vertical markets. Salaries posted anonymously by ajb software design employees. Gord west support manager, cloud services verifone. Ebay, verifone to bring paypal to store cash registers. Merging ajb s solutions and expertise with verifone s.
In the past three months, verifone systems insiders have not sold or bought any company stock. Securities litigation reform act of 1995 for verifone systems, inc. Verifone announced a new agreement to acquire ajb software design, a torontobased provider of payment gateway and switching solutions for large merchants, in order to offer an endtoend payments. Rapid connect makes it that much easier to meet our customers needs. Verifone plans to acquire payment technology and switching solutions provider ajb software, a move that would allow the point of sale hardware maker to offer more services to its acquiring partners as merchants deploy emv security and mobile wallet acceptance. Verifone systems acquisition will expand its business.
Stock plummeted today the payment and pos solutions specialist dropped after a mixed quarter and an underwhelming forward outlook. The transaction, subject to regulatory approval, is likely to conclude in the second quarter of 2016. Ultimately, this enables ajb and verifone clients to receive stronger value. Four years later verifone was sold to gores technology group in may 2001. Verifone systems pay enters agreement to acquire ajb.
Ajb software design trend towards integrated offerings as we have seen, ingenicos and verifones business areas are divided into three branches. View mirela stoicas profile on linkedin, the worlds largest professional community. Approximately 150 large retailers in the united states and canada use ajb s onpremise gateway and other solutions to. It provides expertise, solutions and services, which add value to the point of sale and enable innovative forms of commerce. Verifone is a global leader in payments and commerce solutions at the point of sale pos.
Pay of san jose, california completed its previously announced acquisition of ajb. Were connecting more than 29 million payment devices to the cloudmerging the online and instore shopping experience and creating the next generation of digital engagement between merchants and consumers. See the complete profile on linkedin and discover gords connections and jobs at similar companies. Verifone systems inc pay posts q1 services growth of 11%. For instance, in december 2015, we acquired intercard ag, a leading payment service provider in germany, and in february 2016, we acquired ajb software design, a provider of payment gateway and. Verifone announced a new agreement to acquire ajb software design, a torontobased provider of payment gateway and switching solutions for large merchants, in order to offer an endtoend payments solution.
Moodys investors service said that verifone systems, inc. Verifone pay today announced it has signed an agreement to acquire ajb software design, inc. Verifone has been benefiting from increased use in the u. Realtime trade and investing ideas on verifone systems, inc pay from the largest community of traders and investors.
Jan 25, 2016 verifone made its latest move to expand its u. Verifone announced a new agreement to acquire ajb software design, a torontobased provider of payment gateway and switching solutions. Approximately 150 large retailers in the united states and canada use ajbs onpremise gateway and other solutions to connect nearly a half. Enables delivery of an endtoend solution with enhanced vertical functionality, from a single provider. On the other hand, verifone is poised to benefit from ajb software designs payment gateway and switching solutions over the long haul. Verifone s announcement of the patm, able to be attached as a computer peripheral, wedded the companys smart card and internet transaction efforts. Verifone agrees acquisition of ajb software design finextra. Verifone expands services offering for large retailers in the u. Pay will be acquiring canadabased payment gateway, ajb software design for an undisclosed amount. Verifone tops q1 earnings and sales, 2016 guidance raised. Mar 08, 2018 verifone systems inc pay posts q1 services growth of 11% pay stock fell about 3. Built on a 37year history of uncompromised security, we are committed to.
By doing so, verifone has expanded its service offerings for retailers in the u. The acquisition of specialist software vendors by mpos terminal suppliers indicates the consolidation and integration of market players into homogeneous solution providers. Company profile page for verifone systems inc including stock price, company news, press releases, executives, board members, and contact information. Pay reported firstquarter fiscal 2016 adjusted earnings including stock based compensation of 40 cents per share, beating the zacks consensus estimate of 38 cents. Verifone is a californiabased company that designs, markets, and services electronic payment. The transaction, subject to regulatory approval, is likely to conclude in. It offers flexibility to connect to over 60 acquirers and supports verifone and nonverifone payment devices.
Verifone has signed an agreement to acquire ajb software design, inc. Pay announced it has signed an agreement to acquire ajb software design, inc. For up to date information and jobs, please see the verifone profile. Fipay enterprise is an emvcertified and pcicompliant, subscriptionbased service backed by encryption and tokenization, plus access to comprehensive estate management tools and worldclass help desk support. Pay verifone systems, inc stock price and discussion. Verifone expands services offering for large retailers in. The company also provides software solutions for card acceptance, mobile payments, security and encryption, pos integration, valueadded and prepaid services, issuing and acquiring, estate management, petroleum and convenience, and devicedriven technologies as well as development tools. Verifone systems has entered into an agreement to acquire ajb software design to provide endtoend solutions for large retailers in the united states and. Verifone reports results for the first quarter of fiscal 2016 revenues and earnings per share exceed guidance. To request an account, please contact your jira administrators.
By 1996, verifone was ready with its payment transaction application layer ptal lineup of products, including the virtual terminal interface for. Verifone s second fiscal quarter 2016 guidance reflects the benefit from these recently closed acquisitions. Aug 20, 2018 san jose, ca and san francisco, ca verifone systems, inc. Verifone systems lands a big buyout the motley fool. Verifone will divulge more details about the transaction at its first quarter. Jan 18, 2016 verifone announced a new agreement to acquire ajb software design, a torontobased provider of payment gateway and switching solutions for large merchants, in order to offer an endtoend payments. Ajb software design was acquired by verifone, february 2016. Ajb software gains competitive edge with first datas rapid connect 3346 1012 rapid connect cuts our time for development and certification down by more than 50%.
Working with visa, verifone captured a large share of the pos market. Pay today announced it has signed an agreement to acquire ajb software design, inc. It offers flexibility to connect to over 60 acquirers and supports verifone and non verifone payment devices. Jan 18, 2016 verifones acquisition of ajb software. View gord wests profile on linkedin, the worlds largest professional community. Bohdan myroniw, director of business development, ajb software. Headquartered in toronto, ajb software links over 500,000 devices from verifone. Our business has grown through a combination of organic growth and strategic acquisitions. Verifone or the company, a global leader in payment and commerce solutions, today announced that it has been acquired by an investor group led by francisco partners, a leading technology focused private equity firm, and including british columbia investment management corporation.
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