All GLG News Analyses Filed Under: Transaction & Payment Processing

Key Implications:If 1st Quarter 2007 is any indication of the rigorous M&A, spinoff and IPO  activity projected for 2007, then 2nd Quarter 2007 is already buzzing with news that Marshall & Ilsley will announce the spinoff of its payments processing unit, Metavante.  Private Equity...

Key Implications:First Data, the world's largest processor of credit card payments for banks and merchants, which serves approximately 5 million businesses and about 2,000 card issuers, has confirmed they will be bought out by KKR for roughly $29 billion.  KKR is paying about 14 times First Data's...

Key Implications:A recent report assesses the state of Retail ATMs in the U.S. and highlights some of the key drivers in the industry, including:  Advanced-functionality ATMs, Co-branding Opportunities, ATM Security, ATM Replenishment, and Marketing the ATM Machine.  Despite ATM saturation...

Key Implications:TJX's filing with the SEC indicates the data breach is far more reaching than previously believed, spanning from the U.S., to Canada, the U.K. and Ireland. Over 45 million customer records was exposed to cyber thieves who hacked into TJX's network sometime in July 2005 and penetrated...

Beyond the obvoius - securing a strong foothold in one of the EU's fastest growing electronic payments markets - First Data's acqusition of Polcard carries implications for the also rapidly growing loyalty marketing industry in Poland.

Intuit (NADQ: INTU) announced that it was terminating its acquisition with Electronic Clearing House (NADQ: ECHO) by mutual consent. The original deal cut in December 2006 was priced at $142 million. The primary reason for terminating the deal appears to be over the deal price, due in part to the revelation...

VeriFone and Hypercom have been rivals since Hypercom entered the US market in 1990.  VeriFone is number one in the world for POS terminal sales since purchasing Lipman in November of last year.  Ingenico slipped to number two and Hypercom is a solid number three.  In the US, the market...

Key Implications:Morgan Stanley has released more details about the spinoff of Discover, which will occur sometime during 3rd Quarter 2007, and once the transaction is completed, Morgan Stanley will not have any stake in Discover.  For some time Morgan Stanley has believed that Discover doesn't...

Key Implications:Intuit has been on a quest to build a single-source "payments portal" for merchants, small businesses and to gain greater access to mid-sized and large enterprises and ECHO was slated to play a pivotal role in building the infrastructure for an Intuit single source "payments portal....

Key Implications:When NCR announced in January 2007, its intentions to restructure its ATM Division and cut jobs, they also decided to move their Operations Departments, including logistics, supply-line management and manufacturing to their facilities in India, Budapest and China.  This move gave...