GLG News by Check Printing Services Experts

Cardtronics net loss is due in part to higher depreciation expenses associated with additional ATM deployments in the United Kingdom and Mexico, as well as startup costs for its in-house transaction processing operation and expenses associated with strengthening its bank branding marketing program....

Brazil is fueling ATM growth in the Latin American region and over the next three-four years Brazil will add to its installed base of ATMS, which will push Latin American ATM growth from 173,880 ATMs to over 231,075 ATMs by 2011. Brazil touts the largest number of ATMs in Latin America and from Mexico...

Fortis's shareholders squashed rumors last week that they would vote against the ABN bid and rights issue when 39% of its shareholders turned out in record numbers and gave Fortis a 96% vote of approval. Fortis's shareholders voted in favor of the $17.76 billion rights issue which has come under scrutiny....

The week of August 6, 2007, was a good week for the Consortium. On August 6, 207, Fortis's shareholders approved its portion of the ABN bid and RBS's shareholders ended the week on 8.10.07 with its shareholders giving a 95% approval of the ABN bid and a 6.84 billion share issue to secure the Consortium's...

TRM reported 1Q07 losses as it tries to dig itself out of the whole it dug through acquisitions, growing too fast and paying too much for ATM portfolios. TRM's troubles began in 2004, when it acquired the eFunds portfolio of 17,000+ ATMs for $150 million. However, of the 17,000+ contracts, approximately...

Early reports suggest ABN's Boards mulled over Barclays bid of $93 billion of mostly stock and the Consortium's bid for $98 billion with 93% in cash and may have decided to withdraw support for the Barclays bid and may stand neutral on making recommendations to its shareholders on either bid. Barclays...

U.S. banks are imaging more than 10 million checks daily and that number is growing exponentially as banks and credit unions make  investments in check imaging, no-envelope deposit technology and integrate it into their daily processing. Bank of America has rolled out check imaging and no-envelope...

Synovus 2Q07 net income rose by 6.5% as the company's growth was fueled by TSYS' strong performance during the qtr and first six months of the year. However, Synovus is mulling over whether or not to spin-off TSYS. TSYS 2Q07 performance was robust with internal revenue growth of 12% and international...

Although open-loop prepaid cards will grow at a 36% CAGR by 2010, closed-loop prepaid cards transaction volumes has surpassed open-loop cards since the 1990s. In 2006, consumers spent over $29 billion in prepaid closed-loop cards and 53% spent more than the cards value. This trend is shifting as consumers...

After considering all of its options Barclays made a strategic decision to seek investors from Asia to help fund its bid for ABN and to add a "cash component" to the bid of 37% or $34.3 billion and the remaining $59.03 billion will be in Barclays shares, raising their bid to $93.3 billion from $91 billion,...