GLG News by CheckFree Experts

Open general-purpose card payment network models continue to gain ground over closed-loop models. More if not always fully open, is proving the more fit card payment network model in competitive markets.   Amex’s First Data relationship will improve its US merchant acceptance. Forging additional...

Intuit Inc. (INTU) and Electronic Clearing House Inc., (ECHO), have signed another definitive agreement for Intuit to acquire ECHO. Under the terms of this agreement, Intuit will pay $17 per share in cash in exchange for each share of ECHO common stock, including shares tied to options. The total purchase...

GE is considering divesting its US credit card business. Chase, Citi, HSBC, Barclays, RBS and BNP could each have a rationale to acquire it. Carrying the logic further there’s an argument for spinning off GE Money in toto.  

Banking, mortgage, capital markets and other industry participants are comparing the current “subprime” mortgage market meltdown to the U.S. Savings and Loan crises whose roots were caused by archaic deposit and loan regulations and nurtured under the Reagan administration’s hands off regulatory watch...

Euronet Worldwide has made numerous strategic acquisitions over the last several years, including payment processors, prepaid companies, funds transfer and bill payment firms and money transfer firms Ria and La Nacional, so its not surprising that Euronet sees MoneyGram as an attractive acquisition...

Countrywide's Home Loan Unit is under scrutiny by the IL and CA Attorney Generals regarding its loan origination practices. The SEC is also investigating Countrywide's CEO, Angelo Mozilo, who made significant stock trades before Countrywide's stock took a nose dive this year. Countrywide's shares has...

e-Payments growth accounted for over 66% of all noncash payments in 2006, contributing to the decline in check volume annually,  since 1995 when approximately 49.5 billion checks were paid. Approximately 30.6 billion checks were paid in 2006 with a value of $41.7 trillion, down from 37.3 billion...

Choppy markets may have led to Cardtronics shares falling more than 10% in its IPO debut on 12.11.07. Shares fell as low as $8.33 a share and never made it pass its $10 per share offering on 12.11.07. Based on the reduced size and price of its IPO, Cardtronics market cap is approximately $385 million....

Blackhawk Network is the gem within Safeway. It’s well established within the still adolescent prepaid-card-distribution industry, enjoys a network effect, and because of better operating margins and growth prospects deserves to command a much richer valuation multiple than its grocery parent. If however...

IBM and Cisco both experienced a major slowdown in IT spending from the US financial services sector in their most recent quarters. Five months after the start of the sub-prime meltdown, many believe that financial stocks’ fundamentals could still get worse. This will translate into lower IT spending...