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Howard BruckSeptember 4, 2007
Bank Technology Providers Consolidation: Of Course This Will Continue
Analysis of: Mergers: Conflicts Becoming A Core Reality | www.banktechnews.com
Author: Howard Bruck, Chief Information Officer, Hudson Valley Bank
The big will continue to get bigger; there is very little doubt about that trend continuing. The question will be who does it better? Financial institutions prefer to buy technology from large established providers. The SOX requirements to demonstrate a significant effort on vendor management drives...
August 28, 2007
It's not always irrational for consumers to pay credit cards before mortgages
Analysis of: Unexpected: Card Debt Stays Dry in Credit Storm | www.americanbanker.com
Author: GLG Expert Contributor
There is no or minimal real spillover from the subprime mortgage implosion into the general purpose and private label credit card arena and absent a recession, which will happen at some point, there’s little reason to expect significant credit card performance deterioration or for credit card issuers...
August 28, 2007
Nasdaq May Give Up LSE Stake to Acquire OMX
Analysis of: Dubai Bids $4 Billion for OMX, Trumping Nasdaq Bid | www.bloomberg.com
Author: Kamala Worthington, Former VP, Marketing Product Manager, Bank of America Corporation
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...
August 28, 2007
Visa's Push For a Cashless Society Relies On Echo Boomers and Baby Boomers Predictions and Volume Too
Analysis of: Majority of Baby Boomers and Echo Boomers Predict a Cashless Society | allpaynews.com
Author: Kamala Worthington, Former VP, Marketing Product Manager, Bank of America Corporation
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...
August 27, 2007
Is Wincor One-Upping NCR & Diebold With Bulk-Check Deposit ATMs?
Analysis of: SURVEY: Bulk Deposits at ATMs Benefit Consumers | www.atmmarketplace.com
Author: Kamala Worthington, Former VP, Marketing Product Manager, Bank of America Corporation
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...
August 27, 2007
How MasterCard win debit share from Visa has enormous implications for the network’s economics
Analysis of: MasterCard Gets 'In' at Bank of America | www.americanbanker.com
Author: GLG Expert Contributor
If MasterCard wins US debit market share from Visa substantially through pricing concessions and upfront payments to retail banks that will not be nearly as good for the payment network's long-term economics than if it picks up share principally through hybrid debit card relationships.
August 27, 2007
High-profile mobile payments specialist stumbles on a ripe worldwide market
Analysis of: Obopay Hits a Target It Didn't Sight: The Unbanked | www.americanbanker.com
Author: GLG Expert Contributor
In payments people are creatures of habit. Innovations’ best prospects lie in addressing un or badly served needs, not in dislodging well-entrenched payment systems. Unbanked consumers’ attraction to Obopay’s mobile payments service therefore isn’t surprising. In the US and many markets abroad they...
August 24, 2007
TJX Bleeding Continues Long After Data Breach Is Plugged
Analysis of: Suspect Named in TJX Credit Card Probe | www.boston.com
Author: Kamala Worthington, Former VP, Marketing Product Manager, Bank of America Corporation
TJX has spent more than $216 million due to a lapse in data security after cyber thieves may have hacked into a wireless hub used for TJX's store controller that handles  their POS (Point-of-Sale) system.  Once the thieves gained access they may have been able to work their way into TJX's...
August 24, 2007
First Data and Allpoint Team Up to Offer Surcharge-Free ATM Access
Analysis of: Star Inks Surcharge-free ATM Deal With Allpoint | www.atmmarketplace.com
Author: Kamala Worthington, Former VP, Marketing Product Manager, Bank of America Corporation
The Allpoint Network (a subsidiary of Cardtronics) and the Star EFT Network (a First Data subsidiary) is offering a turnkey solution for banks and credit unions who want to gain a greater ATM presence and offer its customers surcharge-free ATM access. In the U.S. approximately 396,000 ATMs are deployed...
Art GillisAugust 23, 2007
The Impact of M&A Among Bank Tech Companies
Analysis of: Paperless Chase:Fiserv Agrees To Buy CheckFree | online.wsj.com
Author: Art Gillis, President, Computer Based Solutions, Inc.
The current consolidation of bank tech companies is not a new occurrence and will certainly remain a necessary business move if bank tech vendors want to compete in the future market.

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