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

Tieto & SBAB

Tieto announced its latest contract for the continued modernization and improved efficiency with new capacity and cloud solutions. The agreement, with SBAB processing, is valid for five years. In addition to offering cloud services, Tieto will provide IT operations. The Tieto services were ultimately enlisted to provide more cost efficiency while becoming faster and more agile. Additional benefits include increased customer communication and continuous streamlining of operations.

GRT Risk Mitigation

Global Risk Technologies (GRT) dynamic risk mitigation announced its end-to-end risk management solutions to European merchants. Helping acquirers and issuers minimize chargebacks, the Global Risk Technologies solution provides highly-scalable and sustainable technology designed for outsourced post-chargeback processing, risk mitigation and merchant education. Sustainable chargeback remediation, Global Risk Technologies’ solution identifies the right target and helps decrease the negative impacts of chargebacks, thereby increasing processing retention and revenues, and helping combat cyber-shoplifting, resulting in sustainable, secure growth. The company aims to free redundant resources dominated by reactive risk management mechanisms and help revolutionize and standardize these processes by providing an end-to-end solution that manages each component in its entirety.

Global Payments Partnership

Global Payments and Bank of the Philippine Islands (BPI) signed agreements to form a joint venture to provide merchant acquiring and payment services Global Payments will contribute its Philippines merchant acquiring assets and cash to the joint venture to secure a majority interest in the partnership. BPI will contribute its existing merchant acquiring business to the joint venture and hold a 49 percent interest. The transaction is expected to close late third quarter or early fourth quarter of fiscal 2015, subject to receipt of regulatory approvals and satisfaction of customary closing conditions.

Cubic & Irish Rail

After stiff international competition, Iarnród Éireann Irish Rail has awarded a major multi-million euro modernization program to Cubic Transportation Systems. The system integrator will lead the implementation team and oversee the project management, systems engineering and systems integration capabilities, alongside the delivery of support requirements.