The payments industry suffered losses across all of its subsets this week, falling -0.69 percent as only four companies finished in the black.
The POS equipment/software industry saw the biggest losses on the week, dropping -5.42 percent and claiming four of our index’s five worst finishers.
VeriFone Systems and USA Technologies claimed our bottom two spots, falling -9.70 percent and -9.09 percent, respectively. VeriFone now sits at an even $19.00, having lost over one-third of its value to this point in 2013. USA Technologies sits at just $2.10, as its stock continues to fluctuate on a weekly basis.
Fellow POS equipment and Bottom Five finishers NCR Corporation and MICROS systems lost -7.13 percent and -4.95 percent, respectively. Their share prices now sit at a respective $26.19 and $46.62.
The remittance industry had the second-poorest performance of any subset this week, dropping -4.13 percent thanks in part to MoneyGram International, which rounded out the our Bottom Five. MoneyGram dropped -7.07 percent to $16.29, while Western Union failed to fare much better, dropping -3.79 percent to $14.47.
American Express was our strongest performer, gaining 2.38 percent after releasing their Q1 2013 earnings (http://www.pymnts.com/briefing-room/commerce-3-0/playmakers/2013/american-express-ebay-post-mixed-q1-results). AmEx now sits at $67.24 after beating EPS analyst estimates but falling short in terms of revenue.
Among other major U.S. networks, only Discover saw positive results, rising 0.07 percent to $43.34. Visa suffered a loss of -1.08 percent to fall to $163.39, while MasterCard hit $521.96 after a drop of -2.07 percent. Overall, the network industry fell -0.21 percent.
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