POS Equipment, Prepaid Industries Gain Value In Strong Week For Payments

What's Next In Payments®
9:18 AM EDT November 18th, 2012

Bolstered by strong weeks by the POS equipment/software, prepaid and networks industries, the payments industry gained 2.32 percent on the stock market last week, putting an end to a two-week decline in overall value.

NCR Corporation and Ingenico were the week’s two biggest individual winners, rising 10.69 percent to $23.85 a share and 7.41 percent to $40.40 a share, respectively. Fellow industry member VeriFone grew 6.61 percent to 31.16 a share, while MICROS Systems and USA Technologies saw small gains as well. Overall, the POS Equipment/Software industry grew 6.55 percent, making it the payments subdivision with the strongest weekly performance.

The prepaid industry saw a modest rebound from a continuous downward trend, gaining 5.20 percent as an industry thanks to a 6.57 percent gain from Green Dot and a 4.58 percent jump from NetSpend Holdings Inc. Green Dot’s stock now sits at $11.71 a share, while NetSpend rings in at $11.33.

The four major U.S. networks all saw gains this week, with Discover gaining around 5 percent, American Express around 4 percent and Visa and MasterCard seeing respective 3.79 percent and 3.58 percent gains. The network industry grew 3.94 percent overall.

The only company in our index to have a down week was Net 1 UEPS Technologies, which fell -2.46 percent to just $7.94 a share. The company has lost nearly 7 percent of its value over the past six months. 

Overall, however, no subset of the payments industry saw a loss in stock value last week. The bank payment industry had the worst performance, but still managed an 0.89 percent growth. 

Comments
Also by This Author
What's Hot
Company Spotlight
MasterCard Forecasts Future of Biometric Payments
News
Shopper Gets 422 Million Amex Reward Points – But Why?
News
Amex Gets Booted Out Of Costco Canada
News
SEC Investigates Western Union Over Digital Revenue Projections
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Webinars
Defining the Future of Payments Security
B2B Payments
Innovating ERP With Analytics
B2B Payments
HSBC: Significant Global Trade Growth Ahead
B2B Payments
B2B Marketplace Kinnek Secures $10M In Series A Funding
View All Articles ››