GLG News by CheckFree Experts

EC Competition Commissioner Neelie Kroes is inviting and giving license to national card payment networks to carve out competitive roles for themselves in an integrated European card payments market. To the extent they do, MasterCard’s and Visa EU’s growth opportunities will be diminished. It is increasingly...

TJX's data breach stretched from the U.S. to Canada and as far as the Ukraine, when one of the ring leaders was arrested for his role in TJX's data card breach. Reports first surfaced that more than 45 million cardholders had been affected, however, after Visa's investigation, the number more than doubled...

Executives from Bank of America, Capital One and Discover appeared before the Senate Committee on 12.4.07, to explain their credit card practices. Credit card executives defended the practices as "legal," however; critics denounce the practices and want Congress to regulate the credit card behemoths....

The downturn in the housing market has made banks reluctant to sink money into anything related to real estate and foreclosures are on the rise. U.S. banks and thrifts may have good reason to be concerned about lending as provisions for loan losses rose in 3Q07 and banks set aside $16.6 billion to cover...

Blackhawk Network teams up with Kroger Stores to afford consumers to shop conveniently for prepaid gift cards while picking up groceries, filling  prescriptions or other retail items. Blackhawk Network will offer Kroger's customers the variety, selection and convenience consumers seek, which are...

Wincor and NCR will assist Chase in deploying 900 check-imaged/ no-envelope deposit ATMs by 2008. Chase has already realized ROI with 50 piloted no-envelope deposit ATMs, including reduced transportation costs and fewer courier runs for ATM replenishment, elimination of fraud at the ATM, an increase...

As if there isn’t enough bad news about the economy, here I am adding to the heap before it even happens. As much as I don’t like bad news, what’s worse is bad news that comes as a surprise. So be prepared. Just follow the facts, and then draw your own conclusions. We may see the bank tech sector face...

Once again, I first must confess to a bias before making this case. “Big” by itself has never impressed me. “Big and capable” is another matter. So when I tell you that small banks have better technology than the giants, I’m ready to defend my statement with facts. I believe that there is better technology...

The Euro Alliance of Payment Schemes (EAPS) has taken another step toward establishing a third pan-European card payment network. At this juncture however EAPS is still only a loose coalition of payment networks and processors, not a genuine competitor to MasterCard and Visa.

Since 2004, AmEx and Discover has battled with Visa and MasterCard over alleged exclusionary practices, which led to antitrust suits against both parties, contending they engaged in illegal practices to stifle competition. AmEx dropped its action against three of the bank defendants who became AmEx...