All GLG News Analyses Filed Under: Transaction & Payment Processing

MasterCard has partnered with the GSM Association, a global trade association that represents over 700 GSM mobile phone operators around the world and serves over two billion customers, to pilot a "remittance hub" via MasterCard's global transactions network, to make remittances easier, faster, and...

Officials from eBay and PayPal held private talks in Washington to discuss the possibility of applying for a limited banking charter with the FDIC, and if approved, the charter would reduce PayPal's dependency on partnerships with other banks.  However, one major glitch could halt their efforts...

- to stay competitive, banks will require upgrades in core bank software platforms - how will bank tech companies fare as banks consider upgrades of legacy systems versus replacements

- Banks may be under the illusion that their only competition for clearing checks is other banks. That is quickly become a fallacy.- Therefore, if the small to regional banks don't embrace Image Cash Letter and Check Conversion Processing very quickly, they will be left with no check volume.- With the...

Mastercard has a long history of looking for alternatives to the standard Credit/Debit card. With fewer infrastructure detours in developing nations than in the US, passing payments from cellphone to cellphone via a global hub sounds like an endeavor worth pursuing. 

NCR's managed services for Remote Deposit Capture (RDC), enables FIs (Financial Institutions) to quickly go to market with minimal upfront investment or risk.  NCR will offer this service to FIs for their commercial clients via NCR's ImageMark Passport technology, coupled with their eCommerce outsourcing...

Key Implications:In the payments cards industry a battle has been brewing amongst merchants, bank issuers and the networks over "interchange," the fee(s) charged to merchants by issuing banks and networks based on transaction type.  In the middle of this raging war are consumers who are having...

  1. Potential to make the existing system redundant. 2. Contribute to the expansion and growth of the market.

Visa now has an executive chairman to find a CEO and new board members, set the tone, and help orchestrate its IPO. Saunders was a safe, albeit uninspired pick. His decisions will have a huge impact.

This article claims that an innovation explosion will occur in 2007 producing "a banner year for technology installations that help innovative banks leverage new technologies to better serve customers, increase employee productivity and enhance profitability." This list of Top 10 includes: Webolution,...