Summary
-Growth in electronic payments -Competitive pressure in financial services and payments systems -M&A activity in risk management
Analysis
This smart acquisition promises more revenues from bill pay in the community bank realm, and more competition (unhooking) for Fiserv's deals. ORC and iPay will suffer. Risk Management companies are the next target, and with ID fraud growing (it was $48B US last year according to our numbers) the economic outlook is favorable. This is good for epayments and security growth, troubling for existing competitors.
James Van Dyke, MBA consults with leading institutions through GLG
Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
