GLG News by Fidelity National Information Services Experts

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...

Consumer adoption of EBPP (Electronic Bill Present & Payment) has more than doubled since January 2002, when approximately 37% of online households payed at least one bill online. Today, 74% of households pay at least one bill online, compared to 69% in 2005. e-bills offer the ability to securely...

Flush from it’s juicy settlement with Visa and Chase, Wells Fargo, CapOne, U.S. Bank and Wamu, Amex general counsel Louise Parent engaged in some chest thumping, saying a jury could make MasterCard pay for all the harm suffered by Amex due to Visa’s and MasterCard’s exclusionary rules and intimated...

Check image volume continues to shatter year-over-year records and check imaging/exchange could save banks $2 billion annually by reducing transportation costs, reducing float time, check fraud and check processing costs. Image exchange networks such as SVPCO, Endpoint Exchange, ECCHO, Fiserv and the...

In settling the Amex suit Visa has removed a huge element of uncertainty from its IPO and established a benchmark for any MasterCard settlement.

With excess cash from the seperation, what are the possible acquisition opportunities for Metavante.

Fidelity National Information Services (FIS) announced it is spinning off its Lender Processing Services (LPS) business unit to its shareholders in a tax free exchange. The rationale is to focus on its “core banking and payments” business unit, Transaction Processing Services. In light of its recent...

Shares in some of America's biggest banks slumped to their lowest level in several years on fears they may have to write-down multi-million dollars more from their exposure to risky mortgages, CDOs, (collateralized debt obligations) SIVs (structured investment vehicles) and leveraged loans. Banks that...

NCR spun-off Teradata which resulted in a net income loss of  63% without Teradata's earnings included, however, NCRs EMEA and Asia-Pacific ATM sales division attributed to a 17% sales increase in 3Q07. NCR categorizes its ATM sales into four segments: 1. the Americas - which accounted for 49%...

1) The Internal Revenue Service has longed for complete voluntary compliance, in lieu of this... the bark of the IRS and their published bites of cheaters are all well too known. 2) Microsoft (and all other providers who desire a level of fair-play) must bark (threaten) any users who have tampered...