Jul 11, 2012 10:11am EDT–VeriFone Systems Inc’s (PAY.N) shares rose as much as 11 percent after it won a five-year contract to become an exclusive vendor for installation and support of Taxicab Smart Meter System project from the District of Columbia Taxicab Commission.

The contract is valued between $35 million to $45 million with advertising revenue and will integrate 6,500 district cabs with VeriFone’s systems, the company said in a statement…Read More>>

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