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.

Global Payments Announces Latest Acquisition

Global Payments entered a definitive agreement to acquire Ezi Holdings Pty Ltd (Ezidebit) for AU$305 million, an integrated payments company focused on recurring payments verticals and markets its products through a network of integrated software vendors and direct channels to numerous vertical markets. The transaction is expected to close during the second quarter of Global Payments’ 2015 fiscal year, subject to receipt of regulatory approvals in Australia and the satisfaction of customary closing conditions. Global Payments expects the transaction to contribute approximately US$25 million in revenues and to be slightly additive to total company cash operating margins. Additionally, it is anticipated that the transaction will be modestly accretive on a cash earnings basis for fiscal 2015 and dilutive to fiscal 2015 GAAP earnings per share.

Smartcard Vendors to Shift Focus on Services

The global smart card market will see steady growth due to the increasing emphasis on the Europay, MasterCard and Visa (EMV) standard in the payment and banking vertical. New analysis from Frost & Sullivan, 2014 Global Smart Card Forecaster, finds that the market earned revenues of €5.37 billion in 2013 and estimates this to reach €7.16 billion in 2019. The SIM card segment will account for 42.6 percent of the total revenue while the banking and payment vertical will make up 33.5 percent. The smart card government ID and transportation sectors will constitute the rest. This rapid shift to EMV contactless solutions and the associated large volume of shipments will cause pricing pressures in the smart card market, mainly in Asia-Pacific. A similar case is also expected in the US, where the uptake of EMV and contactless solutions has been considerably delayed. With many companies in the US having already invested in EMV in anticipation of a possible migration, it is uncertain whether these firms will have a positive return on investment.

LCH.Clearnet Deploys Calypso Collateral Management

Calypso cross-asset front-to-back technology solutions for financial markets, announced LCH.Clearnet Ltd and LLC have completed the project to introduce the Calypso Collateral Management solution to their Collateral and Liquidity Management (CaLM) offering. With this development, LCH.Clearnet is able to deliver further processing efficiencies with automated, real-time Collateral Management operations. The Calypso Collateral Management solution delivers Automated real-time management, consolidated view of Member collateral assets facilitating a streamlined margin call process and Full support for cash management. In implementing Calypso, LCH.Clearnet has replaced a vendor package in the front office and an in-house legacy platform in the back office.

NCR Silver POS Gets Bronze Stevie Award

NCR Silver received a Bronze Stevie Award for “Best Business-to-Business Product” of the year during the 12th Annual American Business Awards Sept. 12, 2014. The American Business Awards is the nation’s premier business awards program. A record number of nominations were received in 2014 with more than 3,300 organizations vying for the top spot. NCR Silver was among those honored at the New Product & Tech awards ceremony. Also at the ceremony, NCR Silver won a “People’s Choice Best Business-to-Business Product” of the year. The nationwide public vote was conducted over the summer, with the highest number of votes determining the winners in various product categories. This year, more than 57,000 votes were cast.

EMP Partners APS Payment Card Switch

Emerging Markets Payments (EMP) signed an exclusive technology and center of excellence partnership with Afghanistan Payments Systems (APS), the local domestic payment card switch in Afghanistan. The agreement will allow EMP to work with all Afghan banks in partnership with APS, providing fast, reliable and secure electronic payment card processing for ATMs, POS and remote card not present (CNP) transactions such as bill payments and recurring payments. EMP is expanding quickly across the wider MEA region and offers an innovative and wide scope of products for banks, merchants and government including advisory services, mobile payment, bill presentment and payments among many others. The company most recently launched the cutting-edge bill presentment program with the Central Bank of Jordan known as eFawateerCom at a press conference hosted at Cards and Payments Middle East in Dubai, UAE.