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.

AmEx Q4 Profits

American Express reported fourth-quarter consolidated total revenues net of interest expense rose to $9.1 billion from $8.5 billion a year ago, up 7% (9% when adjusted for foreign currency translations). The revenue increase primarily reflected the previously reported gain of $719 million ($453 million after-tax) on the sale of the company’s investment in Concur Technologies. The increase also reflected a rise in cardholder spending and higher net interest income.

UL & 7Layers

UL is pleased to introduce a new test solution that was developed together with 7Layers, for handset manufacturers and conformance test laboratories, who want to test and verify the implementation of UICC-based NFC functionality in mobile devices.
The GSMA has produced technical core requirements (TS.26 NFC Handset API & requirements) and related test cases (TS.27 NFC Test book) for testing the UICC based NFC functionality in mobile devices. GCF and PTCRB have added these GSMA test requirements into their respective certification programs. Therefore, and among other mandatory requirements, mobile manufacturers must pass these GSMA test cases using officially accredited test laboratories under these certification schemes. In order for handset manufacturers to test the behavior of their NFC device, under the conditions defined in the GSMA test cases, and to verify its compliance with the specific GCF/PTCRB certification requirements, UL and 7Layers have developed automated test platforms, that are officially validated by GCF and PTCRB.

Intuit Partners Stripe

Intuit is releasing a new integration for marketplaces using Stripe for payment processing. This lets independent for-hire workers automate tax reporting via the new QuickBooks Online Self-Employed product. Intuit and Stripe make keeping track of and paying taxes simple through automation. With this new integration, on-demand marketplaces can give their users the free benefit of having their income data flow securely into QuickBooks Online Self-Employed, so that they always have a clear picture of their tax obligations and can easily track deductions, such as business expenses and mileage. This prevents tax penalties and avoiding having to pay any unneeded interest.

Synovus M-Deposit

Synovus Bank recently launched a new Mobile Banking App which offers Mobile Deposit, a service that allows customers to make deposits with their smartphones; Pay People, an on-the-go service that allows mobile customers to send money to individuals via an email address or cell number; and Instant Balances, which gives customers the ability to check account balances without logging into their account.