VeriFone has also worked hard to get its mobile-payment business moving forward. Last month, the company said it would work to help a French passenger railroad accept mobile payments for ticket purchases, and it is also working with New York City taxi cabs to expand service across the city with terminals that include GPS and driver information as well as the ability to accept credit cards.
In the VeriFone earnings report, watch for any signs of the company raising discussions with Facebook Inc (NASDAQ:FB) and other mobile-payment players with which it doesn’t have relationships. Given the huge amount of data that VeriFone has access to, the company might be of interest as a potential takeover target to a company seeking to ramp up its growth in the sector.
The article Will VeriFone Earnings Look Ugly Again? originally appeared on Fool.com and is written by Dan Caplinger.
Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool recommends eBay and Facebook. The Motley Fool owns shares of eBay and Facebook.
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