GLG News by ATM Market Experts

Check image volume continues to increase with daily image volume, monthly volume and total dollar value surpassing 2006 record numbers.  The volume of imaged checks increased from 28 million images to 283 million images. The dollar amount of Check 21 items grew 155%, increasing from $192 billion...

Students borrow approximately $85 billion annually to finance the costs to attend college and the demand for private education loans has surged by 27% over the last six years, while Sallie Mae has diversified its portfolio to offer college-savings plans and private student loans in the last 10 years...

The RBS Consortium won the hostile bid for ABN with 86% of ABN's shareholders voting in favor of the Consortium's bid valued at $101.5 billion, trumping Barclays $89 billion bid. Barclays threw in the towel after ABN's shareholders voted in favor of the Consortium's bid and Barclays will seek the $281...

TD Bank is paying a 7% premium over Commerce's closing share price on 10.1.07 of $42.37 and the deal is expected to be completed by April 2008. TD Bank will incur a pretax restructuring charge of approximately $490 million to expand market share in the U.S. and as a result 2008 and 2009 earnings will...

m-banking is expected to grow exponentially over the next few years and financial institutions, payment processors, MNOs (Mobile Network Operators), merchants, card networks and service providers are still hashing out how to fix a fragmented infrastructure in the U.S and determine which technology (NFC-Near...

Discover Financial Services has signed three more merchant acquirers in 3Q07, which means Discover has access to more than 90% of U.S. transaction processing volume, with deals from Chase Paymentech, BA Merchant Services and most recently Wells Fargo Merchant Services and Discover is closing in on 100%...

NetBank, with total assets of $2.5 billion and $2.3 billion in total deposits as of 6.30.07, was closed on 9.28.07 by the Office of Thrift Supervision (OTS) and the FDIC was named receiver by the OTS of NetBank's assets. The FDIC's Board approved the acquisition of the insured deposits of NetBank by...

In a twist in the bidding war between Nasdaq and Borse Dubai for OMX, Nasdaq may be willing to sell its 31% stake (worth $1.6 billion) in the LSE (London Stock Exchange) to Borse Dubai and other bidders interested in the LSE and may agree to a joint bid for OMX with Borse Dubai. Nasdaq doesn't want...

Why has debit and credit cards become so popular? Consumers have adopted debit cards as their preferred payment of choice over the last five years. 66% of consumers say debit and credit cards are more convenient, 60% use cards to pay for unexpected expenses, while 37% said they use cards to finance...

In 2007 25% of banks and credit unions will integrate check imaging/no envelope deposit ATMs and by 2008, 58% of bank's ATMs will be deposit automated enabled compared to 65% for credit unions. Wincor has taken deposit automation tech one step further and moved ahead of competitors NCR and Diebold by...