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

What is Behind the Recent Upticks in Bank Credit Card Delinquency & Charge-Offs?

There are growing concerns in the U.S. bank credit card market regarding the 2017 outlook for delinquencies and charge-offs. All the Top 4 issuers (Chase, Capital One, Bank of America and Citibank) reported slight upticks in the fourth quarter in both metrics. The Top 100 banks reported the seasonally adjusted (SA) credit card charge-off ratio…

Major 4 Network Adjusted PDV Up 6.5% YOY FX in Fourth Quarter

Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally rose 20.0% year-on-year (YOY) on a nominal dollars basis for the fourth quarter (4Q/16). However, on a currency adjusted basis (FX), global 4Q/16 PDV increased 20.7% YOY, according to CardData. The fourth quarter PDV figures are skewed as Visa…

Major U.S. Issuer Outstandings Up Double-Digits Thanks to American Express & Costco

U.S. credit card outstandings end-of-period (EOP) among the Top 4 U.S.  issuers gained 10.9% in the fourth quarter (4Q/16) year-on-year (YOY) to $417.2 billion, according to CardData. The gain was driven largely by Citibank as its acquisition of the Costco card portfolio from American Express has skyrocketed outstandings. BofA was unseated as the nation’s second…

Credit Card Delinquency Remains Stable as Auto & Boat Delinquency Heads North

Delinquencies in bank cards (credit cards provided by banks) fell 5 basis points (bps) to 2.69% of all accounts, staying significantly below their 15-year average of 3.66%. However, delinquencies in closed-end loans (like auto and boat loans) rose. According to the American Bankers Association (ABA) among the 11 individual loan categories, delinquencies rose in all…

PayPal to Help Visa Expand VDEP & Visa Direct into the Asia Pacific Region

PayPal and Visa have extended their domestic partnership arrangement to outside the U.S., specifically Asia Pacific The partnership makes it easier for Visa issuing banks in Asia Pacific to offer their cardholders the ability to checkout anywhere PayPal is accepted online. It also expands the use of PayPal to retailers that accept Visa in physical…

EDGE Card Aims for Top Advanced Dynamic Payment Card in the Market

EDGE Mobile Payments and Nuvation Engineering have buddied for the development of the EDGE Card, its flagship product. The EDGE Card is looking to become the most advanced dynamic payment card within the Fintech market, featuring a full color touchscreen, digital storage of multiple credit and debit cards, along with biometric verification security. Edge Mobile…

Mobile Store Apps to Multiple Markets a Real POS Apptizer for Merchants

Apriva has teamed with Apptizer, an omnichannel app developer, to enable mobile stores to centralize and manage business generated through various mobile paths. Apriva’s EMV-enabled Gateway brings high level security with end-to-end encryption, tokenization, and EMV capabilities to Apptizer’s solutions, while connecting a variety of payment devices to Apriva’s vast processor connections. As a result…