GLG News by Financial Printing Experts

Synovus' Board will decide on 10.25.07 whether to spinoff TSYS as a standalone company. While TSYS awaits the Board's decision on its fate, TSYS has reported strong 3Q07 earnings with a net income increase of 26.7% and 18.39% YTD, as a result of hard work, dedication and commitment to its customers....

India's appetite for ATMs is spurring growth in the region and to meet the unexpected demand, NCR has chosen India as its hub for marketing and distribution in the Asia-Pacific region. NCR has conducted R&D initiatives and made infrastructure investments via a new plant in Pondicherry, which will...

TIO Networks launched the next phase of its strategic plan to rollout hybrid ATMs/kiosks at c-Stores and biller's payment locations by offering the myTIO Membership Program to target unbanked/unserved consumers who spend between $300-$400 annually in bill-payment fees, including check cashing, money...

Gift cards has had a major effect on the retail industry in the 4Q. The rise in gift cards purchases has impacted what consumers plan to buy and when they plan to redeem their gift cards, which is a factor that is extending the holiday sales period beyond the 4Q. As of 2007, 39% of holiday gift cards...

Check image volume continues to increase with daily image volume, monthly volume and total dollar value surpassing 2006 record numbers.  The volume of imaged checks increased from 28 million images to 283 million images. The dollar amount of Check 21 items grew 155%, increasing from $192 billion...

Cardholders crave the ability to control which transactions are allowed to occur in their accounts, as well as which specific transactions, channels and thresholds are used to alert them of specific activity based on conditions they have set in advance. These capabilities may go beyond just preventing...

Students borrow approximately $85 billion annually to finance the costs to attend college and the demand for private education loans has surged by 27% over the last six years, while Sallie Mae has diversified its portfolio to offer college-savings plans and private student loans in the last 10 years...

The RBS Consortium won the hostile bid for ABN with 86% of ABN's shareholders voting in favor of the Consortium's bid valued at $101.5 billion, trumping Barclays $89 billion bid. Barclays threw in the towel after ABN's shareholders voted in favor of the Consortium's bid and Barclays will seek the $281...

TD Bank is paying a 7% premium over Commerce's closing share price on 10.1.07 of $42.37 and the deal is expected to be completed by April 2008. TD Bank will incur a pretax restructuring charge of approximately $490 million to expand market share in the U.S. and as a result 2008 and 2009 earnings will...

m-banking is expected to grow exponentially over the next few years and financial institutions, payment processors, MNOs (Mobile Network Operators), merchants, card networks and service providers are still hashing out how to fix a fragmented infrastructure in the U.S and determine which technology (NFC-Near...