At the start of 2007, the writers and editors of Transaction Trends gazed into our crystal ball and surveyed the road ahead. From that vantage point, 2007 promised to bring changes on many fronts and progress on many more. No disappointments there. Here are some of the stories we covered during the year.

Even before the year got started, Morgan Stanley announced it was spinning off Discover to shareholders in a deal that took much of the rest of the year to consummate. The move comes after Visa declared it would become a public company and it gave momentum to Discover’s shift to a new acquiring model that promises to increase the brand’s ties to the payments industry. It also set the tone for other big news with widespread industry impact.

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