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Groupon Testing Credit Card Reader In SF Bay Area -Bloomberg

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05/26/2012 | 01:04am CET

Groupon Inc. (>> Groupon Inc) is testing a credit card reader for retailers that plugs into smartphones, Bloomberg News reported Friday, citing a person with knowledge of the matter.

The device is produced by Infinite Peripherals Inc. and is being tested at dozens of locations in the San Francisco Bay Area, the person told Bloomberg.

On Thursday, the VentureBeat blog, citing a forwarded email, said Groupon was testing a card reader.

Bloomberg reported that a Groupon spokesman didn't specifically comment on a credit card reader test. The spokesman said "Groupon has a number of trials in markets that are designed to help merchants and small businesses."

Full story at http://www.bloomberg.com/news/2012-05-25/groupon-said-to-test-credit-card-reader-rivaling-ebay-s-paypal.html and http://venturebeat.com/2012/05/24/groupon-is-testing-a-payments-offering-to-compete-with-square-and-paypal/

-Dow Jones Newswires; 212-416-2900

Stocks mentioned in the article : Groupon Inc
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Financials ($)
Sales 2017 3 141 M
EBIT 2017 88,5 M
Net income 2017 -73,9 M
Finance 2017 874 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 598,67
EV / Sales 2017 0,53x
EV / Sales 2018 0,45x
Capitalization 2 524 M
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Mean consensus HOLD
Number of Analysts 18
Average target price 4,93 $
Spread / Average Target 9,9%
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NameTitle
Richard Williams Chief Executive Officer & Director
Eric P. Lefkofsky Chairman
Michael O. Randolfi Chief Financial Officer
Peter J. Barris Independent Director
Brad A. Keywell Independent Director
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