All GLG News Analyses Filed Under: Transaction & Payment Processing

Implications: ATM ISO (Independent Sales Organizations) and partners met in Dallas, for Nautilus' debut of its U.S. operations and to hear about expansion plans in the U.S. Up until six months ago Tranax was Nautilus' sole distributor in the U.S., until the companies parted ways in a nasty split. In...

MasterCard and Capital One’s hybrid debit/ACH card is a game changer, which opens up a fresh field of card-issuer and payment network competition: consumer debit card relationships, and puts issuer interchange revenue in play.  

Key Implications: Diebold is banking on new product innovations, its multi-vendor software, integration of the Windows operating system from the OS/2 platform, service & security solutions and penetrating non-U.S. regions to grow revenues over the next three-five years. With over 396,000 ATMs and...

Key Implications: eFunds share price has surged by 26% since its announcement in May 2007, of its plans to consider a merger, strategic partnership or buyout as rivals Fidelity and Fiserv throw their bids in the mix, each bidding $1.5 billion for eFunds and as other suitors gear up to bid for the electronic...

The tipping point is finally nearing because there was a need for a technology build-out when Check 21 was first passed. I worked for an ISV that sold Middleware that enables Check 21 functionality and it took time to put it in place and ensure its' robustness. Going forward, it will be easier to do...

Key Implications: SVPCO, the electronic check and check image/exchange network processed record check-images in May, totaling over 217 million check-images exchanged, compared to May 2006 and the dollar value of those exchanged images surpassed $397 billion. The Check 21 Act (Check Clearing for the...

Key Implications: 75% of banks expect to implement enterprise payment systems in the next five years in order to cut processing costs, enhance service levels, conduct one-on-one marketing with its customers and improve risk management. Payments have been targeted as a logical consolidation/convergence...

Key Implications: Cardtronics expands its geographic reach, market share and transactions volumes with the acquisition of C-store 7-eleven's ATM fleet of 5,500 ATMs and financial services kiosks for $135 million. 7-eleven owns and operates the largest C-store ATM fleet and provides financial services...

Key Implications:  TIO Networks and ExxonMobil extend an already fruitful agreement through 2012, to reach the unbanked/underserved consumers at its C-stores.  Self-service kiosks which function as financial services kiosks will grow from 21,400 kiosks in 2004 to approximately 57,400 kiosks...

- Two and a half years ago an article in the American Banker quoted a bank tech research firm as predicting that major banks were going to convert to new core systems within the next two years. - Not one single large bank in the U.S. has converted their legacy core system to a platform based on...