A judge awarded Cardsoft Technologies damages and royalties worth $15.4 million last week, resolving a legal dispute that company had with VeriFone Systems Inc. Investors reacted to the news by selling VeriFone shares; the company ended the week down nearly 13 percent over five days of trading, to a per share price of just over $30 — near a new 52-week low.
On the gaining side, NetSpend Holdings saw its stock price increase — no doubt largely the result of the company’s announced share repurchase program, whereby the firm will spend $75 million to take some of its stock out of the market. NetSpend shares appreciated by 13 percent over the week, to more than $8 a share at Friday’s close.
Moneygram International also enjoyed a strong week, with shares up nearly six percent at week’s close. On Tuesday the firm announced it had expanded its relationship with Speedway LLC.
About the Bank Payment Indices
| Acquirer/ Processor |
Network | POS Equipment/ Software |
Bank Payment | Remittance | Prepaid Issuer | All Payments | |
| Closing | 121.04 | 160.52 | 108.20 | 98.53 | 86.56 | 48.77 | 119.65 |
| Weekly Gain (#) | 1.86 | 2.25 | -4.19 | 1.09 | 1.05 | 1.90 | 1.35 |
| Weekly Gain (%) | 1.56% | 1.42% | -3.73% | 1.12% | 1.23% | 4.06% | 1.14% |
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