Robert McKinley, Senior Analyst/Editor Robert McKinley is an analyst of the payments industry on a daily basis for 32 years covering payment cards and payment systems from both the business side and the consumer side. McKinley is the retired founder and chief executive of RAM Research, CardWeb and CardTrak. In his prior position, McKinley has participated in more than 10,000 documented news media interviews, testified as an expert witness in two separate $billion+ U.S. anti-trust trials, testified before the U.S. Congress, assisted the GAO with paymentsIMG_2006 (1).jpeg reports, chaired numerous business conferences and provided C-Suite opinion to a multitude of Fortune 500 companies. In retirement, he has continued developing and funding digital media assets as well as contributing payments related analysis/content to a broad list of online publishers, including CardFlash, CardTrak and CardData. McKinley is also a national certified mentor with the non-profit SCORE organization with a focus on assisting Fintech startups. www.robert-mckinley.com

Apple & Google Could Disrupt Visa, MasterCard & PayPal

Apple & Google Could Disrupt Visa, MasterCard & PayPal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Saranga Sudarshan, Research Analyst, ICT Practice, Frost & Sullivan Australia & New Zealand says decentralization of the payments network will allow Fintechs to offer convenient and competitively priced payment solutions.  Sudarshan says new EFTPOS and online charging solutions will permit more credit card payments to merchants at a reduced cost of…

Bank Dilemma: Friction + Cybercrime + Attrition

Bank Dilemma: Friction + Cybercrime + Attrition

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research on consumer friction and fraud attrition reveals well-intended step-up authentication challenges create friction and dilute consumer relationships. Of those saying performing additional steps had a negative effect on their perception of their bank and that it affected their behavior, 30% changed banks, 26% called customer service to complain and…

UK Credit Card Lending Marching North in March

UK Credit Card Lending Marching North in March

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit continues to expand at a brisk pace, hovering around 10% year-on-year YOY. In March total consumer credit grew at a 9.7% annual rate, seasonally adjusted (SA) to £182.4 billion. The three-month annualized and twelve-month growth rates were 11.6% and 9.7% respectively. The Bank of England (BOE) reports consumer…

India’s Accept Express Payment Gateway Best X-Border

India’s Accept Express Payment Gateway Best X-Border

India’s Accept Express startup says it has developed a first-of-its-kind solution where the approval rate on card transactions is 99.9%. The payment platform offers payment acceptance solutions including Card Payment Acceptance, Online Bank Payments, E-Commerce, POS and Mobile POS Solutions. Accept Express received its first step funding of $12 million from White & Brooks Private…

Seamless Cuts SEQR Loss by 32%; Verge of Explosive Growth

Seamless Cuts SEQR Loss by 32%; Verge of Explosive Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Sweden-based Seamless posted first quarter (1Q/16) net revenue of SEK 61.1 million, an increase of 7.8% year-on-year (YOY).  Net revenues for SEQR business division declined 10.6% YOY to SEK 1.68 million. The Seamless operating loss declined 23.7% YOY from SEK 56.7 million in 1Q/15 to SEK 24.1 million for 1Q/16. The…

Discover Stays the Course Limited to Single Digit Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] While not exploding, Discover’s (DFS) credit card portfolio continues to stay in positive territory. Year-on-year (YOY) growth in the first quarter (1Q/16) was limited to single digits, but charge-offs (CO) headed higher due to the historical seasonal impact of a first quarter. Discover’s total revenue rose 2.4% YOY to $2224 million,…

AmEx Global: US Card +5% YOY; International +8% FX YOY

AmEx Global: US Card +5% YOY; International +8% FX YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] AmEx reported 1Q/16 gross revenue for its U.S. card business (USCS) rose 3.0% YOY to $3280 million, while net income increased 5.0% YOY to $694 million. Gross revenue for the AmEx international card business (ICNS) declined slightly (-1.0%) YOY, or +8.0% currency adjusted (FX), to $1313 million and net income slipped…

Digital PC Gaming Market Revenue Develops to $26B

Digital PC Gaming Market Revenue Develops to $26B

A webinar and a new report, set for May 4 will explore how games publishers can improve monetization techniques and ultimately drive additional revenue. The new report provides insights into checkout best practices, gamer payment preferences and payment security sensitivities, among other topics. According to Digital River’s “Best Practices: User Conversion, Payment Flows & In-Game…