Council Members in this Study Group: 787
This study group may include experts knowledgeable on commercial banking, retail banking, asset management, mortgages, consumer finance, exchanges, capital markets, transaction processing, credit cards, insurance, and business services.
Leading institutions connect with members of this Study Group through GLG
Senior Research Director
CARD (Card Analytics, Research and Discussion)![]()
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Dominic Paniccia is Senior Research Director at CARD (Card Analytics, Research and Discussion), a firm which offers research and advisory services including surveys of credit card industry managers and executives, in-depth quantitative assessments, forecast models and comparative analytics on the largest...
Consultant
Duncan McDonald ![]()
Duncan MacDonald is an independent consultant to financial institutions, corporations, and think tanks on payments, privacy and data protection, alternate dispute resolution, bankruptcy, class action reform, antitrust, joint venture, plain language, and constitutional issues. He has worked at Citibank...
Barbara FraserFormerSVP, Global Brand Strategy
AMERICAN EXPRESS COMPANY ![]()
Barbara Fraser was Senior Vice President, Global Brand Strategy for American Express; she was one of the company's top 50 executives until her retirement in August 2006. During her five years at American Express, Ms. Fraser also served as Executive Vice President, Products and Chief Marketing Officer...
Managing Partner
Neil Montilla, Inc. ![]()
Neil Montilla is an independent consultant supporting primarely off shore financial institutions in strengthening their payment systems strategies, risk management and internal controls. He has provided consulting services to several banks in Puerto Rico, the Caribbean, and Europe as well as discussing...
Richard BialekChief Executive Officer
Bialek Group ![]()
Rich Bialek is CEO of BialekGroup, providing corporate development and strategy consulting services, partnership, market and product development, and assistance in raising expansion capital. Clients include: American Express, Capital One, Dun and Bradstreet, Discover, MasterCard, JP Morgan Chase, Providian,...
Director
AURIEMMA CONSULTING GROUP INC![]()
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Matt Simester is the Director at Auriemma Consulting Group (ACG), a UK based firm providing comprehensive management consulting to the financial services industry with a particular focus on cards and lending. ACG provides performance assessment and benchmarking services in Collections, Recoveries,Compliance...
Consultant
Dan Paul Consultant ![]()
Daniel Paul is an independent Consultant in the UK Retail and Financial Services markets and has completed assignments with a number of leading UK retailers and financial institutions. From 2003 to 2005, he was a Strategic Development Manager at Argos Retail Group, a UK retailer in general merchandise...
Product Development
Transactis, Inc. ![]()
Eric Fox, PhD, is currently the VP of Strategy at Transactis, an electronic payments & presentment company. Previously, Mr. Fox was with Capital One Financial Corporation, where he spent six years, most recently as the GM of the Payment Networks and Co-Brands division managing all aspects of the company's...
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
Nothing is Risk Free: Reaction to Visa (V) and MasterCard (MA) earnings reports
November 7, 2009
2nd UPDATE: Visa Swings To 4Q Pft; Announces $1B Shr Buyback | online.wsj.com
Very real risks to both Visa and MasterCard are often glossed over by analysts. It is flawed to assume that their business is immutable and “risk free.” Both companies need to anticipate new market entrants and continue to evolve and innovate. Very real competitive threats abound.
Helping retailers earn more profit on their most profitable transactions?
October 19, 2009
Interchange Fees Step Into the Spotlight | online.wsj.com
Sensing an opportunity to benefit from anti-banking sentiment in Washington, the National Retail Federation and other retailer lobbying groups have intensified their efforts against the payments industry. Retailers have skillfully cloaked their agenda to reduce the cost of accepting credit card payments...
Loss of arbitration of cardholder disputes could sink card industry
October 15, 2009
Duncan MacDonald, Consultant, Duncan McDonald
Turmoil in Arbitration Empire Upends Credit-Card Disputes | online.wsj.com
Although the article is about an investor's failed bet on arbitration of card disputes, the bigger fail will belong to the card industry -- the 1 billion bank and private label cards held by 200 million consumers. Issuers of those cards have all but lost the right require arbitration and the enormous...
Threats to make CARD Act worse and to regulate interchange fees
October 6, 2009
Duncan MacDonald, Consultant, Duncan McDonald
Banks Face Pressure to Bend on New Agency - American Banker Article | www.americanbanker.com
The article is about the wrangling in Congress to enact a so-called "Consumer Protection Agency." But it carries a threat to bankers. If they don't stop trying to block a CPA, Congress will enact piecemeal bills that will prevent card issuers from being able to reprice in response to the CARD Act...
Bankcard industry lobbies Congress to leave interchange fees alone
September 22, 2009
Duncan MacDonald, Consultant, Duncan McDonald
Lafferty Group - Interchange battle rages on | www.lafferty.com
The primary story here is not the card industry's standard defense of bankcard interchange fees. It is that Visa and industry trade associations are responding to the clear and present danger that an angry Congress is going to side with merchants by enacting a law to limit interchange fees. Their defense...