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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 2016 3 142 M
EBIT 2016 23,2 M
Net income 2016 -154 M
Finance 2016 620 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 0,49x
EV / Sales 2017 0,40x
Capitalization 2 174 M
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Mean consensus HOLD
Number of Analysts 19
Average target price 5,13 $
Spread / Average Target 35%
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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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