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.

GCB Bank Deploys GoSwiff mCommerce

GoSwiff mobile commerce and marketing services connected its 50th bank client, GCB Bank, to leverage mPOS on goSwiff mobile commerce platform. goSwiff unveils a new strategy to expand its mobile payment offering to mobile commerce platform and marketing & engagement services for financial institutions, mobile network operators (MNOs) and merchants. goSwiff believes that providing only technology is not enough in the highly competed mobile payment market, continuously growing with the smartphone and tablet penetration increase. Marketing and consumer centric approach will make a difference for banks and MNOs to gain their share of the evolving business, estimated to grow to 38M mPOS terminal adoption by 2017.

WorldRemit Announces Market Expansion

WorldRemit announced its launch across seven countries in Central & Eastern Europe. Customers in Bulgaria, the Czech Republic, Hungary, Latvia, Lithuania, Poland and Romania will now be able to able to send money to friends and family in more than 100 countries. The addition of seven CEE countries is WorldRemit’s single biggest expansion since receiving a $40 million investment from Accel Partners in March 2014. The Series A funding round was one of the largest ever in Europe, placing WorldRemit at the forefront of the burgeoning Financial Tech (FinTech) sector. WorldRemit customers in CEE will be able to send money to the Americas, Africa, Asia and Europe from anywhere at any time using a computer, smartphone or tablet. Payment is made using a credit or debit card.

Tuxedo & Just Say Please Launch eCard

Tuxedo Money Solutions payment technology and prepaid card provider partnered with Just Say Please to deliver a new offering to its customers. Just Say Please commissioned Tuxedo to build a bespoke virtual prepaid money card, providing customers with an instant online gifting solution. The new offering, Giftsplease, allows customers to load money onto the card online and send to a recipient with a personalised message: unlike traditional cards it can be spent at any online retailer. Tuxedo launched its first prepaid product in 2007 across the UK. Following strategic investment in educating both consumer and business audiences of the advantages of prepaid solutions, the business has gone on to build a client portfolio of more than 800 corporations and agencies.

Bitcoin Bazaar App Facilitates Virtual Currency Trading

Bay Coins released its Bitcoin Bazaar Local mobile marketplace app for buying and selling bitcoins. Now available for iOS and Android devices on the iTunes App Store and Google Play, the app actually matches buyers and sellers. Bitcoin Bazaar is the easiest way to acquire Bitcoin, the leading crypto-currency, while still protecting users’ privacy. The app lets users find buyers and sellers in their neighborhood, using location services from their mobile phone, and lets buyers and sellers transact using cash without needing to enter bank or financial information into the app. All financial transactions are handled between the parties, so Bitcoin Bazaar does not handle any fiat currency, making it different from other exchanges and services.

Heartland Acquires Leaf mPOS

Heartland payment processor and a leading provider of merchant business solutions acquired Leaf mobile POS for undisclosed terms. Through the acquisition, Heartland demonstrates its ongoing commitment to providing the support and resources needed to execute on the companies’ shared vision of delivering an open and flexible POS platform that makes it easier to run and grow a small business. Leaf will continue to be payments agnostic, working with the majority of domestic payments processors, and continue to build distribution relationships with industry-leading sales organization and partners. Leaf will operate as a separate business unit of Heartland, continuing its mission to help small businesses manage operations through an open and flexible technology platform that can best fit their needs.

Evertec Announces New Board Member

EVERTEC announced Ms. Olga Botero will be joining the Company’s Board of Directors as an independent director and member of the Board of Director’s Nominating and Corporate Governance Committee. Botero brings to the role more than 20 years of experience in IT leadership roles in the financial service, telecom and technology sectors both in Colombia and abroad. She has board experience and strong institutional ties to the software, distribution/retail and financial services communities in Colombia.

HyperWallet Announces Latest Market Expansion

HyperWallet has recently launched low-cost payment services to Nigeria, enabling companies to pay individuals in-country via direct-to-bank money transfers and reloadable prepaid debit cards. With hyperWALLET, corporates can make fully-compliant electronic payments to Nigerian bank accounts in NGN currency, typically within 1-2 business days. Additionally, corporates can pay Nigerians instantly using reloadable prepaid debit cards in USD, EUR or GBP currencies. With the addition of payments to Nigeria, hyperWALLET continues to expand their global financial network and support the diverse payment needs of corporate customers and their payees worldwide. The global payment platform lets users send mass manage their funds with their e-wallets, bank deposit, prepaid cards, cash pickup and via mobile phone.

UniPay Embarks on New Market

United Thinkers open-source Payment Management Software provider has partnered for expansion. Its UniPay Gateway facilitates transaction processing in Europe, North America and Australia, while in the future the company plans to expand its transaction processing operations to South America and Africa through its Partnership Licensees. The UniPay platform facilitates transaction processing on an open-source nature, affordable cost, and richness of offered feature set, as well as the advanced API’s and wide variety of Code Samples for easy integrations. The UniPay UniCharge Module is an advanced Processing and Remittance Engine supporting advanced functionality needed for transaction processing while the UniPay UniBill Module supports sophisticated Recurring Revenue Management capabilities, including Recurring Billing Support for any Payment Plan, Decline Recycle, Retry, and Recovery, Automated Credit Card Update Services, Automated Reserve Management, as well as Integrated Collections Management.