GLG News by Core Bank Processing Experts

In 2007, over 150 million migrants worldwide sent more than $300 billion to their families in developing countries, which is up from $268 billion in 2006. Citi acquired PayQuik in January 2008 to expand its remittance offerings and to gain a greater share of the growing remittance market. It's a success...

Two years ago, I saw a list of opinions regarding his/her/their “own grandiose challenge to the industry.”  In my opinion, it was more like an in-your-dreams list, so I saved it to see if a couple of years would produce any kind of change close to the dream.  The short answer is, it would...

Ingenico wants to acquire Hypercom for $332 million but Hypercom's impending acquisition of Thales e-Transactions business unit could be a "deal breaker." Hypercom's shares shot up 30% on 2.11.08 on news of  Ingenico's offer to acquire Hypercom. Ingencio is offering a 59% premium on Hypercom's...

Bank of America, Chase, Citigroup, Countrywide Financial, WAMU and Wells Fargo are the mortgage lenders who have teamed up with Treasury Secretary Paulson and HUD to provide borrowers facing foreclosure with a reprieve through "Project Lifeline," as mortgage delinquencies climb to over $200 billion....

2006-2007 has been a transition period for Diebold as it completes an investigation by the SEC and DOJ based on its "bill and hold" method of reporting revenue, which meant a sale was recorded and ownership was given to a customer, however, delivery didn't occur until a later period. After the Office...

From 1969-1996 ATMs were owned exclusively by banks and in 1996, the major networks Plus and Cirrus lifted their ban on surcharging and since that time three trends have emerged: 1. banks began "double dipping," charging a surcharge fee for non-customers and charging their own customers' a "foreign...

Citigroup (NYSE: C) seems to understand the importance of adjusting to the ever changing consumer and corporate base that wants to send money “home” in a secure, efficient manner.  Their growth through acquisition of remittance service companies and helps to create a solid hold as a leader in the...

This is an important article because it is detailing the possible exit from the mortgage business of another player that only dealt minorly in the subprime world, if at all.  One of the considerations not discussed in the article is the effect of the potential Economic Stimulus Plan specifically...

Fannie Mae announced on December 5, 2007 that down payment requirements will be increased by 5 percentage points over the previously allowed minimum down payment in areas identified as declining.  While Fannie’s Desktop Underwriter (DU) will generate a message on loan casefiles when it appears...

Virus is not spyware; To much money to prevent malware.