GLG News by CheckFree Experts

While MasterCard arguably will pay American Express too much, the settlement removes a troubling overhang.   It is time for MasterCard and Visa Inc. to focus their energies on fending off a potentially far more damaging threat: the “Credit Card Fair Fee Act of 2008.”

Angst about the consumer credit environment and risk associated with GE Consumer Finance’s near-prime retail credit card portfolio, not surprisingly, have given a number of large US card issuers who otherwise should have been keen to bid, cause for pause. Nonetheless, for the right buyer – most likely...

Conference take-aways: (1) All payment systems – paper checks, truncated checks, pin and signature debit cards and credit cards and ACH are subject to fraud. (2)  Fraud prevention systems need to take a holistic enterprise-wide rather than a point solution approach.      ...

The implication of credit cards being displaced by mobile phones represents one more important change in the payments industry; the shift to a virtualized account.  In the near future, it is likely that consumers will no longer need plastic cards, as transactions will be enabled through...

Revolution Money vies to win share away from the card payment network and money transfer establishment. It intends to compete as an open network, with lower base merchant acceptance fees, merchant-sponsored pos cardholder incentives, better fraud prophylactics and a money transfer feature. Reasonable...

Adverse news continues to sprout headlines describing the expansion of delinquencies into new corners of the US bank and thrift loan portfolios. The Mortgage Bankers Association reported that 1Q2008 mortgage delinquency and foreclosure rates continued to expand abovemuch 4Q2007 levels and are now much...

My experience with EDS goes back to 1962, not because it was day one for EDS, but instead, to tell you how bad I am at predicting success stories.  What I’m good at is predicting failures. 

The announcement that JPMorganChase is bringing their merchant network in-house underlines the increased value of owning both the issuer and merchant side of a payment transaction.  As the spread between issuer income and merchant expense becomes narrower, strategies like those announced by Chase...

There’s little not to like in MasterCard’s evolving top and bottom line growth story, a story they could well – indeed should, beat, if! they can contain regulatory threats

MasterCard’s  revamped top and bottom line growth forecasts are eminently achievable, assuming it can contain or better yet roll back regulatory restrictions.