All GLG News Analyses Filed Under: Transaction & Payment Processing

NETeller’s agreement to cooperate fully with US authorities in all matters relating to the ongoing investigations by the United States Attorney’s Office could lead to more charges and fines of other companies.   United States Attorney’s Office could go after more companies who were involved in...

Implications: After much prodding and poking banks are integrating image-exchange into their infrastructures to reap the cost benefits of cheaper check processing. Image volume will grow from 2.9 billion items in 2006 to a high of 15.3 billion in 2008 and decline to 10.8 billion items by 2011. Ironically,...

Implications: Banks market share of remittance business is only 16%, while more than 50% of total volume of remittances are distributed by financial institutions overseas. Countries with the highest remittance flows are the U.S. with over $39 billion, followed by Saudi Arabia - $14 billion, Switzerland...

Implications: With a compound annual growth rate of 9.37% the prepaid card market has plenty of banks and merchants eager to jump in the market with open-loop and closed-loop prepaid transactions forecasted to exceed $236 billion by 2009, up from $165 billion in 2005. The closed-loop prepaid market...

Implications: Although Hypercom's earnings were up in 1Q07 by 6.3% or $64.8 million, compared to $60.9 million during the same period in 2006, apparently, it wasn't enough progress to woo Hypercom's Board and satisfy its investors. Hypercom has come under immense pressure from its competitors Verifone/Lipman,...

ATM OEMs (Original Equipment Manufacturers) are looking to the Asia-Pacific region for new growth opportunities as China's FIs prepare to provide ATM access and banking services during the 2008 Olympics in Beijing, China. The Asia-Pacific region currently has over 476,000 ATMs installed and is expected...

In 1967, the first cash machine (ATM) was launched at a Barclays Bank in London and in 1969 the first U.S. ATM was launched in Long Island at Chemical Bank. Today there are approximately 1.6 million ATMs deployed globally and by 2011 that number is projected to surpass two million installed ATMs. In...

In a second round of bidding eFunds rival Fidelity National usurped Fiserv's bid of $1.5 billion to come out on top and will acquire eFunds for $1.8 billion. After eFunds reported 1Q07 earnings reflecting a decline in revenue by 4% to $134 million and a slight dip in net income of 1.4% to $10.5 million...

It may be difficult for online retailers to implement this new technology without alienating customers and losing sales. Merchants may not have enough incentive to implement such technology because their current fraud losses may not be significant enough to introduce a solution that is unfamiliar to...

Implications: Bill Nuti took an opportunity to report on trends in self-service based on consumers' preferences at NCR's 2007 Summit. By 2009 roughly 57,000 financial services kiosks will be in the market. These kiosks can costs between $5,000-$15,000 and may be an incentive for retailers and banks...