GLG News by Hypercom Point of Sale Terminal Experts

- 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...

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...

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...