GLG News by Hypercom Point of Sale Terminal Experts

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...

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...

Commerce Bank's Board and Management decided to take TD's cash and stock deal, valued at $8.5 billion, barely 90 days after founder Vernon Hill was ousted as Chairman and CEO. The deal is estimated to be worth about $42/share, less than $1 above CBH's all time high. Was the price right for shareholders...

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...

Discover Financial Services has signed three more merchant acquirers in 3Q07, which means Discover has access to more than 90% of U.S. transaction processing volume, with deals from Chase Paymentech, BA Merchant Services and most recently Wells Fargo Merchant Services and Discover is closing in on 100%...