Transaction Trends – 7/18/13:
Article written by Mike Strawhecker, VP & Director of TSG Metrics
When reading and hearing some recent comments from Wall Street analysts and media outlets on the payments industry, Mark Twain’s famous remark, “Reports of my death have been greatly exaggerated,” comes to mind.
For example, following the cancellation of the WorldPay auction, Reuters reported, “Once a lucrative sector, payment processing has come under pressure from increased competition and technological change that has seen many companies struggle to retain their customers and maintain their pricing models” (“Bain, Advent Cancel Sale of  WorldPay’s U.S. Unit,” May 2013). This theory was supported by citing the TransFirst and First American Payment Systems cancelled auctions, as well as First Data’s apparent shopping of its financial services business.
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Source: Paymentspulse

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