All GLG News Analyses Filed Under: Transaction & Payment Processing

Banks boosted revenues by charging over $36 billion in ATM and Overdraft fees in 2007. Banks and credit unions are netting a stream of fee revenue from ATM and debit transactions in ATM and overdraft fees as consumers continue to pay steeper penalties and fees for not having sufficient funds in their...

Regulators in Europe and elsewhere will continue to ratchet up their interference in the global card payment networks’ business unless and until MasterCard and Visa (V) find effective strategies to stonewall or deter them. While no regulation contemplated would put the networks in the “death spiral”...

Implications: 1.Merchantability - interchange fees may , likely, be forced by Regulatory Authorities to control fees and a limitation of credit card company power to control the same. 2.The alternative - swipe the plastic Debit card rather than a credit transaction. 3.There appears to be a contradiction...

Hurting ATM usage, or not, by adjusting fees is the least of our problems. The problem is Washington and the Credit Card Fair Fee Act of 2008.

ATM’s may think they have on the cutest outfit in town, but merchants and consumers are continuing to chuckle and just move on by.  The convergence of transparency and information are making them much savvier players these days and ATM’s aren’t keeping up.  It’s not just all about interchange,...

My bookcase contains 22 past editions of Automation in Banking.  The 23rd is still in the oven.  The 22 are dog-eared because I have had to refer to them many times to answer questions from very intelligent readers who had a need to know.  Last week I read the 1985 Edition, and here are...

If the “Credit Card Fair Fee Act of 2008” passed, it would devastate the US card payments industry, harming card issuer, network and merchant acquirer economics, to varying degrees. It would also cause higher cardholder fees, reduce payment card transaction and volume growth, and put a damper on payments...

Pay-by-Touch was a poorly managed company led by an executive team with questionable capabilities and ethics.  Pay-by-Touch's demise represents a "business" failure not a "biometric" failure.   The company offered an innovative retail payment processing solution based on the unique capabilities...

Visa beats expectations to raise $17.9 billion in its IPO and makes the record books as the largest U.S. IPO, amidst a shaky US financial market. Visa's long awaited IPO sparked a great deal of interest from investors  seeking a potential growth opportunity amid a bearish economic climate. In 2006,...

As payment transactions increasingly move to non-cash based products, the need to create an interchange system in the U.S. that makes sense for all parties will only grow more urgent.  Merchants have made it perfectly clear they will continue their fight to be recognized as participants in the...