GLG News by Financial Printing Experts

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...

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%...

Russia is the largest ATM market in the Central & Eastern Europe region with over 37,000 ATMs deployed. In 2006, Russia experienced an increase of 32% in installed ATMs compared to 2005. Russia, Ukraine and Poland represent two-thirds of the region's installed ATMs. For the last six years Russia...

The demand for mobile banking is growing and Wells Fargo is leading the pack in providing m-banking solutions for its customers. Primarily, banks, processors, networks and mobile carriers are pushing two types of transactions with mobile devices, m-banking and m-commerce. The m-banking segment is expected...

Six months after M&I announced the spin-off of its payments processor Metavante, 11.2.07 serves as Metavante's intro as a spin-off from M&I under the name of Metavante Technologies (MV) and the NYSE welcomed its newest listee at the ceremonious ringing of the bell. The spin-off is a $4.25 billion...

As a result of mortgage losses and an increase in title insurance claims, Fidelity National Information Services will spin-off its Lender Processing Services Unit to reduce debt and focus on its Transaction Processing  Services Unit, which will focus on financial institution customers and selling ...

Although companies are trying to transform the traditional interchange system and provide a reduced interchange fee structure, consumers don't believe that merchants will share the gains with them. Companies should focus more on security and the ability to accept the method of payment through existing...

TJX announced in January 2007, it had suffered an unauthorized intrusion into its wireless LANs (these networks use radio waves-RFID tech to collect and transmit data such as credit card numbers) at Marshalls in FL and later hacked into TJX's mainframe, which hosts its POS data and then led to a data...

Cardtronics goes public to raise over $306 million through its IPO and take the net proceeds of approximately $115 million to get out of debt and to seek growth opportunities for its shareholders and stakeholders. Cardtronics purchased 7-Eleven's financial services business assets for $138 million...