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

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FTC Snags CardReady & E.M. Systems for Card Laundering

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Federal Trade Commission and the State of Florida have charged CardReady, a payment processing business with credit card laundering and illegally assisting and facilitating a nationwide debt relief telemarketing scheme that allegedly bilked millions of dollars from consumers. When scammers cannot gain or maintain access to the credit card networks…

Special Breaking News Mentions in Today’s CardFlash

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In today’s special mentions: SHIFT4 (EMV); FREEDOMPAY (Microsoft); CARDFELLOW (Square); and SMARTCARD (Bluebird). SHIFT4 – Shift4 has completed certification for U.S. EMV with First Data’s Rapid Connect solution. Merchants can now process chip-embedded credit and debit card payments through Rapid Connect while receiving the security and flexibility benefits of Shift4’s DOLLARS…

U.S. 3Q/15 Consumer Debt Ratios Hover at 35-Year Lows

U.S. 3Q/15 Consumer Debt Ratios Hover at 35-Year Lows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Financial Obligations Ratio (FOR) for 3Q/15 has declined to 15.31%, the lowest measurement since 1981 and the Debt Service Ratio (DSR) plunged to 10.03%, the second lowest ever recorded in 35 years. According to the Federal Reserve the FOR declined to 15.31% in 3Q/15, compared to 15.33% in 2Q/15 and…

U.K. Nov Credit Card Debt Growing 8.3% Annually

U.K. Nov Credit Card Debt Growing 8.3% Annually

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit in November grew at an 8.3% annual rate to £178.2 billion. Within consumer credit, credit card lending increased by 6.0% year-on-year (YOY) to £63.1 billion and other loans/ advances increased by 9.6% YOY to £115.1 billion. All figures are seasonally adjusted. The Bank of England says both subsets…

First American Payment Systems Buys ISO Portfolio

First American Payment Systems Buys ISO Portfolio

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TX-based First American Payment Systems has purchased the entire portfolio of Independent Sales Organization (ISO) accounts and associated contracts from Chase Commerce Solutions (CCS). CCS is the global payment processing and merchant acquiring business of JPMorgan Chase & Co. With 25 years of experience in providing sales and operational support for…

Romanian National Police Nab ATM Malware Hackers

Romanian National Police Nab ATM Malware Hackers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Romanian National Police along with Europol and Eurojust nailed an international criminal group responsible for ATM malware attacks. The criminals used Tyupkin ATM malware which allowed the attackers to manipulate ATMs across Europe and illegally empty ATM cash cassettes. This operation, one of the first in Europe against this kind…

Restaurant POS Specialist Toast Nails More Funding

Restaurant POS Specialist Toast Nails More Funding

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Restaurant POS specialist, Toast, has nailed $30 million in second round funding led by Bessemer Venture Partners with help from GV (formerly Google Ventures), and private investors. Toast experienced exponential growth this past year. The company recently announced the signing of 1,000 customers in five quarters, and its deployment to fast…

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Crowdster Offers Fundraising via Apple Pay

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NY-based Crowdster has unveiled a unique mobile donation capability based on ApplePay that enables donors to complete transactions as easy as making purchases on iTunes. Crowdster, is a provider of easy-to-use and low cost online fundraising platforms for non-profits. The Apple Pay application allows donors to use their smartphone to make…

IoT Specialist KORE Powers DipJar’s Tips/Donations

IoT Specialist KORE Powers DipJar’s Tips/Donations

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] KORE, the world’s largest managed wireless network services provider specializing in the Internet of Things (IoT) and machine-to-machine (M2M) communications, inked an agreement to provide connectivity for DipJar’s electronic tip and donation jars. Through the KORE network, DipJar will securely and reliably process wireless gratuity and donation payment information without the…