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

AmEx Japa Region Continues Strongest GDV Growth

AmEx Japa Region Continues Strongest GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express (AXP) international gross dollar volume (GDV) for the fourth quarter (4Q/15) rose 8.0% year-on-year (YOY) on a currency adjusted basis (FX). The gain was primarily driven by the Japan, Asia Pacific & Australia (JAPA) region which soared 15.0% YOY. 

The YOY GDV FX growth rate for the three AXP…

US EMV Payment Card Sales Drives Gemalto Growth

US EMV Payment Card Sales Drives Gemalto Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gemalto’s Payment business grew by +23% in 2015. The Americas posted the largest growth, with revenue almost doubling compared to previous year on strong sales of EMV payment cards and rapid expansion of issuance services in the U.S. Payment Embedded software & Products sales grew by +19% and Payment Platforms &…

All Top 4 Issuers Post Higher Late Stage Delinquencies

All Top 4 Issuers Post Higher Late Stage Delinquencies

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers increased 9 basis points (bps) sequentially, to 1.07% for the fourth quarter (4Q/15), compared to 0.98% in the prior quarter and 1.05% one-year ago. All the issuers were up sequentially in 4Q/15. The Chase 90+…

New AmEx/Schwab Credit and Charge Card Have Arrived

New AmEx/Schwab Credit and Charge Card Have Arrived

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After inking a multi-year, exclusive co-brand deal last year, American Express and Charles Schwab have unveiled a new credit card and a new charge card. The American Express Platinum Card® for Schwab gives clients excellent rewards, benefits, and services with the added ability to redeem Membership Rewards® points for deposits by…

Malauzai’s Takes SmartApps to Next Level with MOX

Malauzai’s Takes SmartApps to Next Level with MOX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Malauzai Software takes its SmartApps for community financial institutions to the next level as part of its Mobile Only Experience (MOX) created to deliver consistency across all screens for consumers, businesses and branch employees. The latest enhancements include an updated design and user experience with expanded navigational tools, dynamic personalization and advanced…

Visa Leads the Major 4 Networks in U.S. PDV Growth

Visa Leads the Major 4 Networks in U.S. PDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.4% year-on-year (YOY) in 4Q/15 reaching a record $1253 billion.  Visa led the way in the fourth quarter posting a 9.5% YOY gain for U.S. PDV. Visa reported fourth quarter PDV of…

TASC; FISERV; YSTATS; and NRF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: TASC (award); FISERV (DNA); YSTATS (B2C); and NRF (fees). TASC – Paybefore has honored TASC Card with the 2016 Best-in-Category award for Best Health Benefits Delivery. For 10 years, “Pay Awards” have conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile, and emerging payments industry.…

Kount & Recurly Team to Combat Subscription CNP Fraud

Kount & Recurly Team to Combat Subscription CNP Fraud

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Recurly is teaming with Kount to offer anti-fraud services focused on the needs of subscription-based merchants. Together, Kount and Recurly protect the revenue of subscription-based businesses from the losses and operational overhead caused by card-not-present fraud. Credit card fraud, especially the category of card-not-present (CNP) fraud, is a major concern for…

500 MM Chinese are Without Credit Records & Underserved

500 MM Chinese are Without Credit Records & Underserved

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Of China’s 1.4 billion people, the central bank database covers 800 million, of which roughly 300 million people had credit records. That leaves about 500 million people who can’t borrow money from traditional financial organizations. China Rapid Finance is aiming to address the issue. The Company aims to bring consumer credit…

Visa CEMEA 4Q Card Metrics Soften Except for PTX

Visa CEMEA 4Q Card Metrics Soften Except for PTX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa’s Central Europe – Middle East – Africa (CEMEA) region performance continues to soften as all value metrics continue to point downward. However, the number of purchase transactions continued to soar, while the number of accounts and cards have remained stable. Gross Dollar Volume (GDV), FX-adjusted, declined in the fourth quarter…

COF Soaring Charge-Offs Drives Down Big 6 Issuer Avg

COF Soaring Charge-Offs Drives Down Big 6 Issuer Avg

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top 6 issuers inched were down 22 basis points (bps) year-on-year (YOY) to 2.70% for the fourth quarter (4Q/15), but up 13 bps sequentially. While Citibank has done the best job of reigning in card losses, dropping 31 bps, compared to 4Q/14, Capital One 4Q/15 charge-offs are…

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Equifax Predictor Inclusion Score Coming to LAC

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cignifi and Equifax have inked a multi-year partnership to help Equifax expand its credit scoring capabilities in Latin America. The agreement will leverage Cignifi’s analytics and technology to assess creditworthiness, propensity, and risk based on mobile phone usage data that is provided with explicit consumer consent. Cignifi’s technology will enable Equifax…