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Verifone Announces $200 Million Share Repurchase Authorization

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SAN JOSE, Calif.--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE: PAY) today announced that its board of directors has authorized a $200 million share repurchase program. The authorization is the first in Verifone’s history and represents approximately 6.5 percent of the company’s outstanding shares based on current trading prices. It provides Verifone with flexibility to repurchase shares opportunistically from time to time, based on market and business conditions, the company’s ongoing cash fl

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