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

Hitachi Solutions Restaurant POS Reaches New Heights

Hitachi Solutions Restaurant POS Reaches New Heights

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Hitachi Solutions reports its food and beverage Point of Sale (POS) for Restaurants is now available on Microsoft Azure Marketplace. Built on Microsoft Dynamics AX for Retail, the Food and Beverage POS for Restaurants helps restaurants manage and track all aspects of food creation and service. The Food and Beverage POS…

Computop Inks a Big Deal with Heartland Payment Systems

Computop Inks a Big Deal with Heartland Payment Systems

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Computop, a global payment service provider (PSP), has inked a big deal with payment processor Heartland Payment Systems. Through a non-exclusive collaboration, the Heartland Portico Gateway will be integrated with Computop Paygate, a robust platform with international payment solutions and fraud prevention, to enable Heartland’s U.S. customers to expand into new…

Visa Checkout Gets Awesome with Virtual Card Images

Visa Checkout Gets Awesome with Virtual Card Images

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has taken its Visa Checkout to a new higher level allowing shoppers to complete their online purchase by sliding a virtual image of their credit, debit or prepaid card across the screen of a smartphone, tablet or laptop. The dynamic, new interactive button brings an engaging new way to pay…

Other: NEXONIA; JACK HENRY; PAYPAL; and DIGITAL CHECK.

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: NEXONIA (Amadeus); JACK HENRY (TCH); PAYPAL (Village Capital); and DIGITAL CHECK (SecureLink). NEXONIA – Nexonia, a provider of web and mobile business financial management solutions, announced a partnership with Amadeus, provider of advanced technology solutions for the global travel industry. The new partnership signals the advanced integration of…

Big 6 4Q Outstandings Flat; Driven by AXP; Offset by COF

Big 6 4Q Outstandings Flat; Driven by AXP; Offset 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 Big 6 issuers decreased 0.3% in the fourth quarter year-on-year (YOY) to $485.5 billion. The decline was driven by American Express and offset by Capital One. American Express U.S. EOP credit card outstandings nosedived 17.9% to $51.4 billion, compared to $62.1 billion in…

All Top 4 Issuers Post Increases in 30+ Delinquency

All Top 4 Issuers Post Increases in 30+ Delinquency

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average early stage delinquency (30+ days) for the fourth quarter (4Q/15), among the nation’s top four issuers, edged up by 6 basis points (bps) sequentially, but dropped year-on-year (YOY) by 3 bps. All of the top issuers posted higher delinquency for the quarter. The nation’s largest issuer, Chase, reported delinquency increased…

V+M 4Q Global Purchase Transactions Up 14%

V+M 4Q Global Purchase Transactions Up 14%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 14.3% year-on-year (YOY) in the fourth quarter (4Q/15) and 6.5% sequentially.  The two networks combined processed 40.8 billion purchase transactions in 4Q/15, compared to 35.7 billion one-year ago. Visa posted a 13.3% YOY gain in…

4Q U.S. Credit Card PDV Among Big 6 Issuers Up 6% YOY

4Q U.S. Credit Card PDV Among Big 6 Issuers Up 6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV), credit and debit cards, among the Big 6 U.S. card issuers, rose 6.1% year-on-year (YOY) and 4.4% sequentially in the fourth quarter. Capital One completely blew out the Big 6 pack by a 3-to-1 margin.

 he Big 6 U.S. issuers racked up $520.6 billon in PDV…

Payment Cards Drive Explosion of e-Commerce in Pakistan

Payment Cards Drive Explosion of e-Commerce in Pakistan

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Despite the low internet penetration in Pakistan online shopping has skyrocketed. Its e-commerce industry is expected to cross the US$600 million benchmark next year. According to PakStyle one reason internet was not popular in Pakistan earlier on was the very low use of credit cards in the country’s economy. However with…

Soaring 4Q COF Charge-Offs Drive Top 4 Average Higher

Soaring 4Q COF Charge-Offs Drive Top 4 Average Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top four U.S. issuers dropped 10 basis points (bps) year-on-year (YOY) to 2.87%, and up 19 bps sequentially for the fourth quarter (4Q/15). Soaring Capital One losses drove the sequential gain for the peer group. The Chase 4Q/15 charge-offs ratio inched up by 1 bps from 3Q/15…

BILL.COM Tops 1 MM Members & Set to Launch a Dashboard

BILL.COM Tops 1 MM Members & Set to Launch a Dashboard

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Bill.com Network is reaching critical mass, surpassing the 1 million member mark and $25 billion in annual transactions. Through the Network, Bill.com connects businesses and banks in the cloud, enabling faster and lower-cost payments and improved collaboration to bring digital business payments into the 21st century. With more than 1…

BofA & US Bank Offer Real-Time P2P via clearXchange

BofA & US Bank Offer Real-Time P2P via clearXchange

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bank of America and U.S. Bank are now live and actively processing real-time person-to-person (P2P) transactions through Early Warning’s clearXchange network. Customers at both banks are now able to send eligible real-time P2P payments to customers at either bank, with funds made available for use. The solution is unique in its…