Heartland Payment Systems Inc

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    Earnings Report

    How Did Verifone’s Top and Bottom Lines Perform in Fiscal 1Q16?

    Verifone Systems (PAY) has a market capitalization of $2.9 billion. PAY rose by 0.76% to close at $26.56 per share as of March 10, 2016.

    By Gabriel Kane
  • uploads///pay pm
    Company & Industry Overviews

    Moody’s Investors Upgrades VeriFone Systems to ‘Ba2’

    VeriFone Systems (PAY) has a market capitalization of $2.7 billion. PAY rose by 3.9% to close at $24.81 per share as of March 1, 2016.

    By Gabriel Kane
  • uploads///pay pm
    Company & Industry Overviews

    VeriFone Systems’ Acquisition Will Expand Its Business

    VeriFone Systems (PAY) has a market capitalization of $2.5 billion. It fell by 5.0% to close at $22.47 per share as of January 15, 2016.

    By Gabriel Kane
  • uploads///pay pm
    Company & Industry Overviews

    Partnership with Microsoft Lifted VeriFone’s Stock

    VeriFone Systems reported fiscal 4Q15 total revenue of $514.1 million, a rise of 4.8% when compared to total revenue of $490.5 million in fiscal 4Q14.

    By Gabriel Kane
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    Miscellaneous

    Parsing the Heartland–Global Payments MAE Clause, Part 3

    Let’s continue our discussion on the Heartland–Global Payments merger. The MAE clause is one of the first things that arbitrageurs look at in a merger agreement.

    By Brent Nyitray, CFA, MBA
  • uploads///HPY GPN transaction overview
    Miscellaneous

    Parsing the Heartland–Global Payments MAE Clause, Part 1

    In the case of the Heartland–Global Payments merger, the MAE clause lays out the circumstances where Global Payments can back out of its merger with Heartland.

    By Brent Nyitray, CFA, MBA
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    Miscellaneous

    Basics of Global Payments: Merchant Services, Payment Processing

    Global Payments generally has two models. Under the sponsorship model, Global Payments routes transactions but doesn’t perform settlement services.

    By Brent Nyitray, CFA, MBA
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    Miscellaneous

    The Heartland–Global Payments Merger and the Basics of Heartland

    This is our second in-depth series related to the Heartland–Global Payments merger. Here we’ll discuss the background of the two companies, as well as the MAE clause.

    By Brent Nyitray, CFA, MBA
  • uploads///HPY GPN transforming growth
    Miscellaneous

    The Heartland–Global Payments Merger’s Path to Approval

    Global Payments discusses its competitors, who are large financial institutions. It’s unlikely that this transaction will generate much antitrust scrutiny.

    By Brent Nyitray, CFA, MBA
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    Miscellaneous

    What’s the Rationale for the Heartland–Global Payments Merger?

    The two companies anticipate that the merger will deliver $50 million in synergies in fiscal 2017 and $125 million in annual synergies after that.

    By Brent Nyitray, CFA, MBA
  • uploads///HPY GPN transaction overview
    Miscellaneous

    Heartland–Global Payments Merger: Basics and Conditions Precedent

    For the Heartland–Global Payments merger to close, Global Payment has to file a PNR to comply with the Hart-Scott-Rodino Antitrust Improvements Act.

    By Brent Nyitray, CFA, MBA
  • uploads///HPY GPN spread
    Miscellaneous

    Payment Processing Growth: The Heartland–Global Payments Merger

    If you assume a closing date of May 30, 2016, then the Heartland–Global Payments merger spread is trading at an annualized return of about 4%.

    By Brent Nyitray, CFA, MBA
  • Consumer

    Why eBay’s 2014 database breach was one of the worst ever

    According to eBay, this cyberattack compromised about 145 million user records. This is one of the worst database compromises in history.

    By Puneet Sikka
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