GLG News by Financial Printing Experts

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....

- Is VeriFone's recent financial debacle endemic or a fluke? - Who's to blame? - Will it happen again? - Is the firm's business fundamentally sound?

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...

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...