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The hottest area of expansion is also, tellingly, the dullest: transaction services.
Quarterly revenue from international transaction services grew 7 percent, to $2.7 billion.
(Most of the direct return to money balances takes the form of transaction services and convenience).
Exploring potential areas of shared backroom services, particularly the high volume transaction services.
PricewaterhouseCoopers has named Michael J. Burwell United States leader of its transaction services group.
Hanover attributed the loss to development costs related to its e-commerce transaction services unit.
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Instead, it plans to monetize through post-transaction services, like loans, title transfers, refurbishment, and insurance).
In terms of profits from emerging markets, the three network banks' transaction-services units are much larger.
Some other banks, including Deutsche Bank, JPMorgan Chase and Royal Bank of Scotland, have big transaction-services divisions, but about half of their revenue comes from their home markets.
The Market Services segment includes the U.S. and European Transaction Services businesses, as well as access services, market data and broker services businesses.
Last year, transaction services fees for the various activities involved in executing a trade raised $409m (48% of total revenues), and the sale of market information raised $241m (28%).
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CEO of Professional Science Editing for Scientists @ prosciediting.com