All GLG News Analyses Filed Under: Transaction & Payment Processing

Overall ATM and "advanced function" self-serve banking kiosks, capabilities, and transactions will continue to grow rapidly worldwide, albeit more slowly in developed markets such as the United States.  Major under-developed markets including China, Russia, and India are adding devices rapidly.  ...

Some of China's largest banks and its largest oil company Sinopec, has placed orders for 6,000 of Diebold's Opteva ATMs for installation at local banks and fuel stations in Beijing, in an effort to provide greater access to cash and financial services at the ATM. The banks sought out Sinopec because...

The introduction of Check 21 in 2004, has dramatically changed the payments landscape. Check 21 eliminated the legal barrier that had required the paper check for clearing and settlement and brought the capability for a digital image copy of the check to be the legal equivalent of the original check....

In my view, 2007 was not a Boston-Sports-Teams year for the banktech business.  There were some losers in our arena, as well as lots of worries;  a large number of lower stock prices for banks and techs;  a ninth inning attitude among bankers who achieved a good-enough system to get the...

In theory, this means shorter queues in banks. The reality is that, cashiers are now having to deal with a lot more issues than one would normally expect.

The recent announcement that AMEX has entered into an agreement with FDC to offer merchant acquiring services has as much to do with expanding their issuing market as it does with expanding their presence in the downstream merchant market.  In addition, as MasterCard and Visa...

Domestic core system vendors vs. International core system vendors.  Every week I read about a new sale made by either i-flex solutions, TEMENOS, Infosys, Misys, or Tata Consultancy, and they are mostly significant sales.  But their marketplace is not the U.S.  There’s a more active market...

Open general-purpose card payment network models continue to gain ground over closed-loop models. More if not always fully open, is proving the more fit card payment network model in competitive markets.   Amex’s First Data relationship will improve its US merchant acceptance. Forging additional...

Intuit Inc. (INTU) and Electronic Clearing House Inc., (ECHO), have signed another definitive agreement for Intuit to acquire ECHO. Under the terms of this agreement, Intuit will pay $17 per share in cash in exchange for each share of ECHO common stock, including shares tied to options. The total purchase...

1.There is a wide interest among consumers for mobile banking services not only in India but also world wide. 2. ATMs have been used by banks not only to expand their reach to customers but also to offer value-added services.