VeriFone Systems Inc. continues to show positive quarterly results in terms of revenue and net income, and company executives expect the trend to continue as contactless mobile payments grow worldwide and EMV chip-and-PIN takes hold in the United States.

“For the seventh consecutive quarter, we posted all-time record results,” Douglas Bergeron, chairman and CEO of the San Jose, Calif.-based payment-terminal maker, told analysts during a Sept. 6 conference call to discuss fiscal third-quarter earnings. “This is also the fifth straight quarter that growth rates have exceeded 20%.”

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