From the press release: --------------------------For Xerox, of Norwalk, Conn., the sale serves to offload one of its slower-growing units as CEO Ursula Burns refocuses the business on higher-margin, larger operations including business process outsourcing and document-management outsourcing. Xerox said it expected to book about $850 million from the deal. That cash will go towards an about $900 million war chest set aside for acquisitions, and to help fund $1 billion of share buybacks scheduled for 2015, the company said.
I've been patient since 2005.I have also been criticized for being overly optimistic. Maybe it might be time to move in another direction. The only time the stock performed well was after the Fiserv announcement. You would think management would try to give an update related to Fiserv. I just don't understand why management will not support the stock?
The long term chart looks like dog s%%%. We might be headed to 2.75 level to find support. I wonder what the E-Gistics management is thinking about their stock in lieu of cash buyout? Another down day with no interest in the stock.
With figures from Barclays alone suggesting their corporate clients still put through around 46 million cheques each year, with a value in excess of £100bn, the technology is designed to make the processing of cheques quicker and easier.
Barclays will be continuing the drive towards image-based cheque processing in 2015, extending the pilot to Android based smartphones, as well as enhancing and speeding up the solution even further for corporate clients. Barclays will also be looking to introduce the technology to charities who are set to be big winners as 66 per cent of their donations come in the form of a cheque.
This latest innovation from Barclays comes just days after it announced the launch of Barclays Video Banking providing a new, secure, face-to-face service for customers to carry out their banking wherever they are.
Alongside the availability of colleagues in branch, through mobile, telephone and social media, the service will give customers the choice to carry out a face-to-face video call with a Barclays colleague from their smartphone, tablet or computer at a time and place convenient to them. The 24/7 service will create a round the clock, face-to-face banking service for the first time.
Barclays Personal and Corporate Banking Chief Executive, Ashok Vaswani, said: “Our customers really appreciate the cheque imaging service, and so we are delighted to be extending the service to a million more people in time for Christmas as well as looking to roll this out to our corporate clients.
“Innovations like this are all about giving our customers more choice, saving them time and money and ensuring they can do their banking where and when it suits them best.”
The pioneering technology has been available to an increasing number of retail customers since June 2014, allowing them to pay in their cheques using their iPhone. It has received extremely positive feedback, with 90% of users saying that it enabled them to do everything they wanted.
Barclays will also shortly be trialling the technology with corporate clients in another UK first, offering the potential for businesses to ultimately save huge amounts of time and money paying in their customers’ cheques to the bank.
One million more customers set to benefit from Barclays innovative cheque imaging technology
05 Dec 2014 09:41 GMT
- One million more customers set to benefit from Barclays innovative cheque imaging technology - Corporate trial also being rolled out
Barclays has invited one million more of its customers to take part in the roll out of its ground-breaking cheque imaging service which allows cheques to be paid in at any time, in any place, simply with a few clicks on a smartphone.
With millions of cheques sent in the post as Christmas presents last year, Barclays’ customers can look forward to the ease of paying in their Barclays cheques on the spot and, as the scanned cheque is immediately on their account, there will be no delay in hitting the Boxing Day sales.
The new technology also means customers who do not have the time to visit their branch or ATM to carry out the transaction will now have another option. Now, all they have to do is take a photo of the cheque they want to deposit on their smartphone before filling in a simple electronic deposit form and hitting send. This extra solution will help put an end to the £300m of cheques in the UK which are never paid in each year.
The next 3 weeks we will have to deal with tax selling from investors looking to offset gains made from well performing stocks. There are fewer losers to sell this year and unfortunately TIS is one of the losers. A big contract announcement that management spoke of on the call would really help combat the tax selling.
You are probably right about the reseller deals. The lack of quality PR though, is preventing the investment community from getting excited about the stock.
There are only 3 more weeks till the quarter ends. The lack of deals announced is disappointing. There have been conferences announced, partnerships announced, alliances announced, trade shows announced, awards announced, but no contracts announced. I'm not sure how much more I can take with this stock.
There is a article about ECM M & A on Xamcor website that might interest you. There is a graph at the bottom showing all the recent M & A activity in the ECM space including TIS acquisition of E-Gistics.
I agree it is puzzling that there have been no deals announced since Oct. 14th. What ever happened to the Barclay's pilot in the U.K.? That picture has been on the TIS website for 9 months.