Payments Industry Rises Thanks To MICROS, POS Companies

What's Next In Payments®
8:13 PM EST January 27th, 2013

The payments industry jumped 0.33 percent on the stock market last week thanks to a strong performance from the POS Equipment and nearly universal modest gains.

MICROS had the best week of any company on our index, gaining 8.21 percent after the company issued a positive earnings report in which it met analyst expectations. The stock now sits at $47.95: the highest it’s registered since October 2012.

Fellow POS equipment/software companies VeriFone and USA Technologies also had strong weeks, gaining 6.62 percent and 3.92 percent to reach $35.94 and $2.12, respectively. Ingenico made modest gains while NCR Corporation saw modest losses, leading the POS equipment industry to come out ahead, gaining 5.03 percent for the week.

Bottomline Technologies also had a strong week, gaining 7.81 percent as the index’s second-best performer and growing to $29.80 per share. Heartland Payments rounded out our top five by jumping 4.31 percent to hit $30.99, growing in what was otherwise a largely static week for the acquirer/processor industry.

The prepaid industry had the worst week of any subset of the larger payments world, dropping -1.74 percent thanks to large losses by NetSpend Holdings, which dropped -6.92 percent to finish as our worst performer. This marks the second poor week in a row for NetSpend, which has dropped -2.19 percent over the past month and now sits at $11.16.

NetSpend’s prepaid counterpart, Green Dot, was able to rebound slightly from a poor performance a week ago, gaining 0.23 percent to climb back up to $13.18.

Also by This Author
What's Hot
Merchant Innovation
“Shazam for Fashion” Launches Stylist App
Samsung’s Double-Barrel Galaxy S6 Launch
Consumers Go Mobile For Smart-Device Research
Merchant Innovation
Will Half Of All Americans Be Amazon Prime Customers By 2020
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
The Shortlist – Get To Know Them Today, You’ll Be Talking About Them Tomorrow
B2B Payments
B2B Meets The Cloud: The Evolution of Payments
B2B Payments
ING Boosts B2B E-Payment Services with Basware
B2B Payments
Wonga Chooses Buyer for Nixed Business Lending Unit
View All Articles ››