GLG News by Hypercom Point of Sale Terminal Experts

NetBank, with total assets of $2.5 billion and $2.3 billion in total deposits as of 6.30.07, was closed on 9.28.07 by the Office of Thrift Supervision (OTS) and the FDIC was named receiver by the OTS of NetBank's assets. The FDIC's Board approved the acquisition of the insured deposits of NetBank by...

This announcement has been a long time in the making for both ACI and IBM. ACI's Base 24-eps fills a large solution hole in the IBM partner directory. Is this a big deal or not? Who are likely to be the winners and losers from this partnership? What is the impact of this announcement on banks?

Countrywide projects a 25% decline in mortgage origination volume as the reason behind this dramatic employee layoff. Is Countrywide's new origination forecast in the ballpark? How far will the mortgage market fall? Will other institutions be affected too?

In a twist in the bidding war between Nasdaq and Borse Dubai for OMX, Nasdaq may be willing to sell its 31% stake (worth $1.6 billion) in the LSE (London Stock Exchange) to Borse Dubai and other bidders interested in the LSE and may agree to a joint bid for OMX with Borse Dubai. Nasdaq doesn't want...

Why has debit and credit cards become so popular? Consumers have adopted debit cards as their preferred payment of choice over the last five years. 66% of consumers say debit and credit cards are more convenient, 60% use cards to pay for unexpected expenses, while 37% said they use cards to finance...

In 2007 25% of banks and credit unions will integrate check imaging/no envelope deposit ATMs and by 2008, 58% of bank's ATMs will be deposit automated enabled compared to 65% for credit unions. Wincor has taken deposit automation tech one step further and moved ahead of competitors NCR and Diebold by...

TJX has spent more than $216 million due to a lapse in data security after cyber thieves may have hacked into a wireless hub used for TJX's store controller that handles  their POS (Point-of-Sale) system.  Once the thieves gained access they may have been able to work their way into TJX's...

The Allpoint Network (a subsidiary of Cardtronics) and the Star EFT Network (a First Data subsidiary) is offering a turnkey solution for banks and credit unions who want to gain a greater ATM presence and offer its customers surcharge-free ATM access. In the U.S. approximately 396,000 ATMs are deployed...

Countrywide needed to restore investor confidence. Quickly lining up Bank of America as a substantial non-voting investor during the market turmoil came at a steep price. Did Bank of America emulate Warren Buffett on this deal?

The latest data on mortgage and credit card delinquencies seems to run counter to conventional wisdom - that borrowers will keep paying the mortgage and default on unsecured debt, especially credit cards. Why would the  subprime meltdown and rapidly rising foreclosures have no effect on credit...