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

Visa & MC US Credit Cards Outpace Debit Cards by 4X

Visa & MC US Credit Cards Outpace Debit Cards by 4X

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. cards-in-force (CIF) for Visa and MasterCard payment cards (credit & debit) increased 5.0% year-on-year (YOY). U.S. credit cards increased 8.7% YOY while CIF for debit cards rose 2.2% YOY, in the fourth quarter (4Q/15). There are were 1182 million Visa and MasterCard payment cards in circulation in the U.S. for…

EMVCo Helps to Implement PAR & Reduce PAN Usage

EMVCo Helps to Implement PAR & Reduce PAN Usage

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] EMVCo updates its EMV Payment Tokenization Specification – Technical Framework bulletin. The update will provide the payment community with a global, consistent framework to implement ‘Payment Account Reference’ (PAR). To be used by merchants, acquirers and payment processors, PAR can enhance security by limiting references to a cardholder’s primary account number…

MC Leads the Major 4 Networks in Global GDV Growth

MC Leads the Major 4 Networks in Global GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally was flat year-on-year (YOY) on a nominal dollars basis, for the fourth quarter (4Q/15). However, on a currency adjusted basis (FX) global GDV for the fourth quarter increased 9.8% YOY.  The major four networks posted…

GPN; BEVO; ONE; and NACHA

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: GPN (China); BEVO (POS); ONE (Buckeye); and NACHA (Board). GPN – Global Payments is offering merchants in China the ability to accept Samsung Pay, a simple and safe mobile payment service that works almost anywhere you can swipe or tap your card. As a Samsung Pay-qualified payment provider,…

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

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

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.1% year-on-year (YOY) in 4Q/15 reaching a record $1443 billion.
 Visa led the way in the fourth quarter posting a 8.9% YOY gain for U.S. GDV.

Visa reported fourth quarter GDV of $841…

Top 4 Outstandings Up 2.4% YOY Driven Entirely by COF

Top 4 Outstandings Up 2.4% YOY Driven Entirely by COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S.  issuers gained a mere 2.4% in the fourth quarter (4Q/15) year-on-year (YOY) to $376.2 billion. The gain was driven entirely by Capital One, positioned to become the nation’s second largest issuer in 2016. 
Chase reported EOP U.S. credit card outstandings…

Smart Token Chain Connects Blockchain & Payment Systems

Smart Token Chain Connects Blockchain & Payment Systems

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The new Smart Contract Settlement Exchange connects diverse banking and other payments systems worldwide without requiring each institution to integrate to hundreds of upcoming proprietary blockchain payment systems. Smart Token Chain gives financial institutions the ability to create fully proprietary ledger systems and smart contract tools, yet easily exchange transaction and…

GMC Inspire Mobile Advantage Solution Offers m-Payments

GMC Inspire Mobile Advantage Solution Offers m-Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Appenzell-based GMC Software (GMC) has rolled out its GMC Inspire Mobile Advantage solution. Among its key benefits is real-time dynamic statements and mobile payments. The solution makes it possible to create a responsive, interactive and regulatory compliant mobile experience with little reliance upon IT or external support. For enterprises seeking to…

CARE Package to Deploy Popmoney for e-&m- Payments

CARE Package to Deploy Popmoney for e-&m- Payments

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global humanitarian organization, CARE, is gearing up to accept donations via Fiserv’s Popmoney personal payment service. CARE will be one of the first organizations to accept donations through the Popmoney payment button on its website. People will also be able to make online or mobile donations via the network of more…

CPI Extends Market Life of Visa EMV Cards to 12 Yrs

CPI Extends Market Life of Visa EMV Cards to 12 Yrs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has certified CPI Card Group products to extend the maximum market life of Visa EMV cards to 12 years, in compliance with Visa’s recently announced EMV chip card approval policy. The comprehensive Visa product line includes cards meeting a variety of authentication needs, such as online only cards, dynamic data…