GLG News by Money Transfer Provider Experts

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

MasterCard Answers PayPal X with Open API

May 25, 2010

Analysis of:MasterCard Wants Programmers to Use Its Payment Technology | bits.blogs.nytimes.com

Last week my comments that Visa and/or MasterCard needed a competitive response to PayPal X proved to presage an article published in the New York Times retweeted to me by MasterCard this morning.

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

Paypal, Visa, MasterCard Threaten Western Union Money Transfer Legacy

May 20, 2010

Analysis of:AS LOW AS $1.50 U.S. TO SEND $300 U.S. TO COUNTRIES LIKE MEXICO | www.paypal.com

The Western Union Company has growing competition. Why pay $30 dollars or more to send money overseas when you can do it with Ebay's Paypal for as little as $0? MasterCard and Visa also have potentially disruptive remittance solutions in the works that facilitate direct instant transfer between card holders domestically and internationally in a rapidly growing number of countries.

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

MasterCard Market Place - Threat to eBay, Opportunity for Apple?

May 19, 2010

Analysis of:Google Search Watch: MasterCard Shopping Site Takes Off | blogs.forbes.com

MasterCard has launched an online market place for MasterCard holders, called the... MarketPlace. While the name may not be original this article claims the MarketPlace is catching on. While the industry has focused on Visa's acquisition of Cybersource as a competitive response to eBay's Paypal in fact MasterCard's MarketPlace would appear to be by far the most direct competitive response. ...and a payment patent application by Apple may indicate more competition ahead.

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

Sudden Drop May Create Interesting Visa, Amex and eBay Trading Opportunities

May 18, 2010

Analysis of:Congress Drops an Axe on the Credit Card Industry | www.fool.com

Visa has dropped more than 10% in two days. More than Amex or MasterCard. Some investor sites attribute Visa's drop to potential restrictions on interchange fees.

Richard BialekChief Executive Officer Bialek Group

Is It The End of The US Consumer' s Love Affair With Credit Cards?

May 12, 2010

Analysis of:Inside ARM: $123 Billion in 19 Months: Credit Card Debt's Amazing Plummet | www.insidearm.com

A "perfect storm" of economic events has reversed the decades long growth in consumer credit card debt. This analysis examines the factors that led to this change and how long lived it will prove to be,

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

The 5Cs of Credit, P2P Lending, Social Lending, Self-Directed Lending

November 11, 2009

Analysis of:BlackRock's Fink: Forget 'Bubble' | online.wsj.com

Laurence Fink, Chairman and CEO of BlackRock Inc. in response to questions about bank failures and economic conditions suggested today that; “…the financial system needs to be a lot more responsive to society and make sure this doesn't happen again. Risk has to be a lot more transparent to investors. I think that is happening."; and, “the financial system needs change, including increased disclosure, more derivatives trading on exchanges and regulatory change…". But what about the 5Cs of credit?

Ronald IngramDirector of Product ManagementADVANCE AMERICA, CASH ADVANCE CENTERS, INC.

Financial Services Innovation and New Credit Sources Impeded by Regulation in the US

April 5, 2009

Analysis of:Where Credit Still Flows | www.forbes.com

Demand for credit has never been stronger. With government support P2P or "Social Lending" has the potential to improve the efficiency of credit markets and demonstrate US leadership in financial services innovation. The US is behind the curve in P2P lending innovation and losing ground due to the distraction and high cost of regulatory compliance. At a time when billions are being pumped into ailing banks government needs to find a way to encourage social lending.   Improved regulation may unlock a wave of new credit options and provide economic stimulus at the grass root level. Conceptually Social Lending and P2P financial models makes sense for consumers, business and the greater economic good of nations;  however, the effort to wedge P2P loan models into existing regulatory frameworks continues to impede American financial innovation.

Richard BialekChief Executive Officer Bialek Group

TALF - Implications for Credit Card Issuers

March 12, 2009

Analysis of:Press Release: The Federal Reserve Board Announces the Creation of the Term Asset-Backed Securities Loan Facility (TALF) | www.federalreserve.gov

This program will be a benefit for the large credit card issuers: JP Morgan Chase, Citicorp, Bank of America, American Express, Discover and Capitol One, all of whom can position themselves as a high quality, AAA rated, source of new loans. TALF could prove to be especially helpful to American Express, Discover and Capital One, credit card issuers who lack the branch network and deposit base of the big money center banks. TALF could open up a funding source by reviving the credit card securitization market.

Richard BialekChief Executive Officer Bialek Group

MasterCard Clouds on the Horizon?

June 4, 2008

Analysis of:MasterCard "buy," target price raised | www.newratings.com

The near-term prospects for MasterCard are positive, despite a weak US economy. MasterCard is riding a trend of payment transactions moving from cash and check to card and electronic media. The challenge to MasterCard comes from potentially disruptive regulatory and technology forces that MasterCard must acknowledge and address.

Richard BialekChief Executive Officer Bialek Group

Credit Card Deal on Target for JP Morgan and Target

May 12, 2008

Analysis of:Target in credit card deal with JPMorgan | www.ft.com

The credit card deal announced between Target and JP Morgan makes sense for both parties.  It allows Target to address shareholder concerns regarding its card business and mitigate potential growing credit losses. It enables JP Morgan to further develop its private label retail card strategy by taking a substantial interest in the Target portfolio, while placing limits on its loss exposure. There is protection for both parties as well as options to further extend the relationship.

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