Study Group: Credit Card Industry Experts

Council Members in this Study Group: 900

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.

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Leading Experts in this Study Group

Richard Bialek

Chief 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,...

David Cole

Executive Director
Transaction Processing Solutions

David Cole is Executive Director of Transactions, a premier provider of transaction and payment solutions and services. He has over twenty five years experience in cards and management services with particular emphasis on applications in the credit,...

Benjamin Prusky

CEO
Freedom Merchants

Benjamin Prusky is the Chief Executive Officer of Freedom Merchants Corporation, a New York based privately-held payment processing firm, which he has led since 2004. Mr. Prusky is an expert on all subtleties of the credit card merchant-account industry....

Clay Wagner

President
Merchant Union

Clay Wagner is President and Founder of Merchant Union LLC, a private ISO serving credit, debit and gift card processing solutions to merchants nationwide. Mr. Wagner is responsible for overseeing all departments of this corporation including inside...

Eric Fox

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...

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GLG News^SM Analyses by this Study Group's Leading Experts (?)

Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.

TALF - Implications for Credit Card Issuers

March 12, 2009

Analysis by:Richard Bialek, Chief Executive Officer ,

Analysis of:Press Release: The Federal Reserve Board Announces the Creation of the Term Asset-Backed Securities Loan Facility (TALF) | www.federalreserve.gov

This program will be a benefit for the large credit card issuers: JP Morgan Chase, Citicorp, Bank of America, American Express, Discover and Capitol One, all of whom can position themselves as a high quality, AAA rated, source of new loans. TALF could prove to be especially helpful to American Express, Discover and Capital One, credit card issuers who lack the branch network and deposit base of the big money center banks. TALF could open up a funding source by reviving the credit card securitization market.

MasterCard Clouds on the Horizon?

June 4, 2008

Analysis by:Richard Bialek, Chief Executive Officer ,

Analysis of:MasterCard "buy," target price raised | www.newratings.com

The near-term prospects for MasterCard are positive, despite a weak US economy. MasterCard is riding a trend of payment transactions moving from cash and check to card and electronic media. The challenge to MasterCard comes from potentially disruptive regulatory and technology forces that MasterCard must acknowledge and address.

Credit Card Deal on Target for JP Morgan and Target

May 12, 2008

Analysis by:Richard Bialek, Chief Executive Officer ,

Analysis of:Target in credit card deal with JPMorgan | www.ft.com

The credit card deal announced between Target and JP Morgan makes sense for both parties. It allows Target to address shareholder concerns regarding its card business and mitigate potential growing credit losses. It enables JP Morgan to further develop its private label retail card strategy by taking a substantial interest in the Target portfolio, while placing limits on its loss exposure. There is protection for both parties as well as options to further extend the relationship.

Discover Goes Global With Diners Club Acquisition – A Positive Step

April 14, 2008

Analysis by:Richard Bialek, Chief Executive Officer ,

Analysis of:Diners Club assets sold to US card issuer | www.businesstravelworld.com

The Discover Card acquisition of Diners Club International is a positive step, addressing one of Discover's competitive weaknesses, the lack of a strong global merchant acceptance network. But it is only one component of the comprehensive solution needed to address Discover’s competitive weakness versus Visa, MasterCard and American Express.

Litigation Issues Cloud Visa IPO

September 17, 2007

Analysis by:Richard Bialek, Chief Executive Officer ,

Analysis of:Visa, preparing for IPO, wins OK from SEC | www.reuters.com

The Visa IPO is a noteworthy transaction that has the potential to reshape the payments industry. It offers Visa and its members the opportunity to unlock billions of dollars in value from the business they have built. But, the potential return could be materially reduced by pending litigation.

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Members in this Study Group include these company types:

Payment Processing
Credit Cards
Online Payments
Stored Value Products
Independent Sales Organization
EFT and Credit Card Networks

Members in this Study Group often have these job titles:

Director
Chief Executive Officer
President
Business Development Manager
Account Manager

Related Study Groups

Study Group Name	No. Members
Credit Card Experts	792
Online Payment Experts	507
Payment Processing Experts (EU)	80
Stored Value Credit Product Experts	316
Point-Of-Sale (POS) Terminal Experts	500
Credit Card Industry Experts (UK)	72
Check Processing Experts	643
Retail & Commercial Bankers: Europe	951