Microsoft Announces Next-Generation Financial Messaging Solution to Simplify Payments Processing and Integration to SWIFTNet Sep 17, 2009
"Financial messaging and integration are becoming commoditized -- and should be," said Andy Schmidt, research director for Global Payments at TowerGroup. "Banks need a simpler, more cost-effective way to re-engineer payments processes but should be ensuring that they don't reinforce silos. There is a real need to use out-of-the-box components that reduce the complexity of integration, and that both build on and with existing technology, to avoid building costly technology islands.". (PR Newswire)
Misys Payment Manager Set to Modernise Global Payments Processing Sep 15, 2009
Text hiding to spacing. LONDON and HONG KONG, September 15 /PRNewswire-FirstCall. (PR Newswire)
TowerGroup Research Ranks Travelex Industry Leader in Payment Solutions for the Small-Medium Enterprise Market Sep 14, 2009
Increasing Demand for Global Payments Innovation among SMEs Worldwide. Travelex is Premier Partner to Banks and Financial Institutions. (PR Newswire)
5-Star Stocks Poised to Pop: Western Union Sep 12, 2009
Global Payments (NYSE: GPN). CAPS Members Bullish on WU Also Bullish on. (MSNBC -- Business)
Western Union to expand service to Cuba Sep 10, 2009
Douglas County-based global payments company Western Union (NYSE: WU) has provided money transfer services from the United State to Cuba since 1999. The company that it planned to expand its network in Cuba, following a White House announcement that restrictions would be lifted on travel and money transfers to Cuba. (Denver Business Journal, CO)
Now comes hard part Aug 15, 2009
Probably not, but there is a better system known as global payments. Global payments could allow doctors to order the care needed for their patients, while working within a system. (Boston Globe)
All need to step up Aug 15, 2009
GLOBAL PAYMENTS have been touted as the key to health care payment reform; however, if this new system calls for change solely from doctors and hospitals, it cannot succeed ... Case in point is the Special Commission s recommendation for global payments while claiming patients won t need to remain in networks. (Boston Globe)
Look before we leap Aug 15, 2009
Finally, and most importantly, how will global payments affect consumer choice. It is na. (Boston Globe)
First Data moving HQ to Atlanta Aug 15, 2009
The global payments processor has been based in Greenwood Village, where it employs about 1,500 people, since 2001. First Data is executing against an overall global site strategy. (Denver Business Journal, CO)
The Bank of New York Mellon to Acquire Insight Investment Management Limited Aug 12, 2009
" BNY Mellon Asset Management is a leading global provider of investment management products and services offering a broad range of equity, fixed-income, hedge and liquidity management products through individual asset management companies and multiple distribution channels. Its other investment boutiques include The Alcentra Group, Ankura Capital, Blackfriars Asset Management, BNY Mellon ARX Capital Management, The Boston Company Asset Management, EACM Advisors, Ivy Asset Management, Mellon... (PR Newswire)
PayPal outage frustrates merchants, consumers Aug 4, 2009
According to a recent McKinsey report, the global payments market represents a $30 trillion opportunity. PayPal has spent over a decade creating a secure, global payments network for ecommerce and person-to-person transactions, which seamlessly integrates 27 financial networks, 15,000 local banks, 190 global markets and supports 19 currencies. (Fresno Bee -- Business)
New Checkout Tool Hints at Google's Plans for Payments Aug 4, 2009
a research director in the global payments practice at , an independent research unit of , said that Google, notwithstanding its search strength, is at a disadvantage in merchant processing because it lacks a merchant operation. "PayPal was a natural extension of eBay's auction service. Amazon Checkout was a natural extension of Amazon's existing business," he said. (American Banker)
ExxonMobil 2Q profit falls a surprising 66% Jul 31, 2009
The Purchase, -based credit card and global payments processor earned $348. 9 million, or $2. (USA Today -- Money)
Stocks Rebound From Mixed Earnings Reports Jul 29, 2009
eIBD Investor's Business Daily Digital Edition. Access recent eIBD issues easily. (Investors Business Daily)
Payment terms shorten, but expect more pain Jul 29, 2009
D&Bs global payments analysis reveals that payment terms among Australias trading partners have continued to deteriorate, with particular concern over China. China is now paying 25. (Sydney Morning Herald -- Business)
Balanced funds bounce back into the black with returns of 6.9% in Q2 Jul 27, 2009
8 trillion in outstanding debt and processes global payments averaging $1. 8 trillion per day. (PR Newswire)
Healthcare blinders Jul 24, 2009
In Massachusetts, a commission created by the Legislature recommended a shift to such global payments. The outcomes of that care should be measured and reported to buyers (including health plans, consumers, employers, and public programs like Medicare and Medicaid), so they can make choices based on both price and quality. (Boston Globe)
* eBay envisions dominance with PayPal Jul 24, 2009
No other global payments platform, online or offline, has been able to open up to third-party developers. And the effect on PayPal will be very comparable to the effect on the iPhone X well see the exponential innovation and growth that comes with it as you release the creativity of those developers, he said. (Taipei Times, Taiwan -- World Business)
> Global Payments dips to $37M profit Jul 24, 2009
Global Payments dips to $37M profit - Atlanta Business Chronicle ... Global Payments dips to $37M profit. (Atlanta Business Chronicle, GA)
Western Union posts 4.9% Q2 profit drop Jul 22, 2009
Western Union said it was buying Custom House Ltd., a Canadian global payments company, for $370 million in cash to expand its presence in the small- and medium-enterprises payment market. denvernews@bizjournals. (Denver Business Journal, CO)
How to pay doctors Jul 21, 2009
A switch to global payments in the hands of so-called accountable care organizations with doctors, labs, imaging specialists, and even hospitals could bring costs under control. When health insurers used a capitation system in the 1990s, patients were denied care unfairly. (Boston Globe)
Letter: Why no concern about medical care proposal? Jul 19, 2009
At the Massachusetts Office of Health and Human Services Web site (), proposals dated May 20 say, Massachusetts will transition to a payment system where global payments to provider networks are the predominant form of reimbursement [page 2] over a period not to exceed 5 years. page 3. (Brookline TAB, MA)
The next chapter in healthcare reform Jul 17, 2009
The Payment Reform Commission issued its recommendations yesterday and called for the use of global payments. Global payments are a move away from the current fee-for-service - with its constant possibility of overuse or misuse of resources because providers can be paid more by ordering more visits and procedures - and toward giving providers adequate resources to care for the whole patient ... We have great faith in the possibilities of global payments combined with quality measures. (Boston Globe)
Pay for care a new way, state is urged Jul 17, 2009
Dr. Mario Motta, president of the Massachusetts Medical Society, said that very few doctors could succeed under global payments today and that they will need financial and technical help to establish new legal structures and electronic medical records. A big transition like this has never been done on such a broad scale, so it must be done very carefully, deliberately, and thoughtfully, Motta said. (Boston Globe)
MasterCard Names Ajay Banga President and Chief Operating Officer Jun 20, 2009
"Ajay's experience in diverse industries and diverse geographies will reinforce and strengthen our global competencies as electronic payments continue to accelerate worldwide. With his expertise and leadership," Selander said, "we hope to capture even more of the significant global payments opportunity.". "This is clearly a wonderful opportunity to join a company at the forefront of advancing global commerce," said Banga. (PR Newswire)
United States Agency for International Development Teams Up with Western Union to Launch African Diaspora Marketplace Jun 16, 2009
Washington, DC The United States Agency for International Development (USAID), Western Union, a leading global payments network and Ecobank, the Pan-African Bank, are counting on innovative thinking and entrepreneurial ideas to help alleviate poverty in Africa. Today, the organizations launched the African Diaspora Marketplace (ADM), a business-development program that will support U.S.-based African Diaspora in creating plans for sustainable start-up and established businesses in Sub-Saharan... (allAfrica.com)
Banks registering good growth in cash management May 20, 2009
HSBC Bank Malaysia Bhd head for global payments and cash management Jason Tan, declining to furnish any figures, said the banks cash management business had been experiencing steady growth, adding that it was more significant given the reductions in OPRs which had further reduced the net interest margins of banks. We have continued to take on new customers who are taking this slower period to re-evaluate their internal processes and to further gain internal efficiencies, he said. (The Star Online, Malaysia -- Business)
RadNet Reports First Quarter 2009 Results May 8, 2009
0% Note ---- Based upon global payments received from consolidated Imaging Centers from that year's dates of service ... 0% Note ---- Based upon global payments received from consolidated Imaging Centers from that year's dates of service ... RADNET AVERAGE PAYMENTS BY MODALITY First Quarter Full Year 2009 2008 -------------- -------------- MRI $ 505 $ 505 CT 311 310 PET/CT 1,490 1,494 X-ray 38 37 Ultrasound 108 107 Mammography 136 134 Nuclear Medicine 326 327 Other 129 129 Note ---- Based upon... (Primezone Releases)
State seeks to revamp way doctors, hospitals are paid May 7, 2009
Partners is one of a few systems that are already set up to handle global payments, which would require physician practices and hospitals to form networks to share insurers' payments and coordinate care. "Most of the healthcare system is not structured in a way that could really work out a very rational global payment system," Mongan said. (Boston Globe)
* INTERVIEW: HSBC says cash still king, in spite of revenue drop May 4, 2009
John Laurens, head of HSBCs () global payments and cash management for the Asia-Pacific region, talked to Taipei Times reporter Joyce Huang on Wednesday about how effective cash management in a downturn requires closer contact with customers. By Joyce Huang STAFF REPORTER Monday, May 04, 2009, Page 11. (Taipei Times, Taiwan -- World Business)
Trusteees of Reservations: Vote online to send $1million to Crane Estate May 3, 2009
is a leading global payments, network, and travel company founded in 1850. Historic preservation has long been the hallmark of American Express involvement in the community, reflecting its recognition of the contribution of sites and monuments to a sense of national and local identity and the role that their preservation can play in attracting visitors and revitalizing neighborhoods. (Medfield Press, MA)
Business briefs: Fresno bank's income falls May 2, 2009
Credit card and global payments processor MasterCard Inc. said Friday its first-quarter profit fell 18% from the year-ago period that included a special gain on the sale of an investment. Its earnings still topped analysts' expectations. (Fresno Bee)
MasterCard 1Q Profit Falls 18 Pct, Beats Estimates May 2, 2009
Credit card and global payments processor MasterCard Inc. said Friday, May 1, 2009, its first-quarter profit fell 18 percent from the year-ago period that included a special gain on the sale of an investment ... Credit card and global payments processor MasterCard Inc. said Friday its first-quarter profit fell 18 percent from the year-ago period that included a special gain on the sale of an investment. (ABC News -- Wire)
Global Hedge Fund Assets Will Reach $2.6 Trillion by 2013, According to New Study by The Bank of New York Mellon and Casey Quirk Apr 20, 2009
2 trillion in assets under custody and administration, $928 billion in assets under management, services more than $11 trillion in outstanding debt, and processes global payments averaging $1. 8 trillion per day. (PR Newswire)
Federal Reserve Banks and Equens Start Strategic Partnership for Cross-Border Payments Apr 9, 2009
"The partnership with the Federal Reserve Banks is an important step for Equens and fits well with our vision on a global payments area. We are constantly looking for economies of scale, thereby creating opportunities for our clients - the banks - to further reduce their processing costs. By offering a standardised channel for cross-border payments processing, our clients do not have to worry about the complexity of maintaining different cross-border systems", says Michael Steinbach, Chairman of... (PR Newswire)
New Hire Martin Drake Joins USA ePay Apr 5, 2009
Martin joins USA ePay from payment processor Global Payments, where he was the Director of Business Development for the third party acquiring group ... About USA ePay USA ePay is a full-service ECI and Retail certified payment gateway, which supports the First Data Nashville, TSYS, Chase Paymentech, Global Payments, Planet Payment and MeS platforms. (Yahoo News -- Press Releases)
Charge drags down Global Payments in Q3 Apr 3, 2009
"We achieved solid third quarter financial performance, in spite of continuing macroeconomic headwinds and unfavorable foreign currency trends, said Global Payments Chairman and CEO Paul R. Garcia in an earnings release. "We are maintaining our 2009 annual revenue guidance of $1. 55 billion to $1. (Atlanta Business Chronicle, GA)
Barclaycard Officially Opens Office in New York to Support Global Operations Apr 2, 2009
"Barclaycard is strengthening its position as a global payments leader by accessing the best talent in the world and deploying that talent without regard to geographic boundaries," said Antony Jenkins, Chief Executive, Barclaycard. "Having spent many years working in New York, I'm well aware of the depth of extremely talented people in the city, and I'm delighted to welcome some of them to Barclaycard.". (PR Newswire)
MoneyGram CFO Parrin resigns Mar 21, 2009
We remain confident about the global payments market and MoneyGram s momentum in the space. In February, St. Louis Park-based MoneyGram of $122. (Twin Cities Business Journal, MN)
RadNet Reports Record 2008 Annual and Fourth Quarter Results and Reduces Annual Loss Mar 16, 2009
0% Note Based upon global payments received from consolidated Imaging Centers from that year's dates of service ... 0% Note Based upon global payments received from consolidated Imaging Centers from that year's dates of service ... RADNET 2008 AND 2007 AVERAGE PAYMENTS BY MODALITY 2008 2007 ----------- ----------- MRI $ 505 $ 505 CT 310 312 PET/CT 1,494 1,533 X-ray 37 38 Ultrasound 107 108 Mammography 134 124 Nuclear Medicine 327 328 Other $ 129 $ 132 Note Based upon global payments received... (Primezone Releases)
BetterInvesting Magazine Releases May's Stock to Study and Undervalued Stock Choices for Investors' Informational and Educational Use Feb 28, 2009
Feb. 27 /PRNewswire/ -- The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Global Payments Inc. (NYSE: ) as its May 2009 "Stock to Study" and CVS Caremark Corporation (NYSE: ) as its May "Undervalued Stock" for investors' informational and educational use. "The committee chose Global Payments because it should benefit from the growth in use of payment cards instead of cash and because of international opportunities," said Adam Ritt, editor of... (PR Newswire)
