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.

P2P Bitcoin Lending Lands Funding

Bitbond bitcoin P2P lending announced its seed funding round led by prominent European early-stage VC Point Nine Capital. Bitbond’s peer-to-peer bitcoin lending platform lowers the barriers for small businesses to receive financing. Bitbond will use the seed funding round to build a team of programmers, enhance the functionality of its platform and intensify its marketing activities. The funding round marks Point Nine Capital’s first investment in a bitcoin startup and its confidence in the world’s largest crypto-currency. The Berlin-based VC specialises in investing in SaaS startups and digital marketplaces. By connecting borrowers and lenders directly, borrowers receive loans at affordable interest rates, while lenders gain higher interest rates compared to other fixed income asset classes.

Orient Finans Bank implements Tieto Card Suite

Orient Finans Bank has implemented Tieto’s Card Suite solution, ensuring issuing of MasterCard payment cards and their acceptance service in the bank’s terminals. Tieto Card Suite is a technology platform that will be used by the bank for interaction with MasterCard payment system, providing a complete payment card life cycle, processing of transactions committed in the bank’s POS terminals, and assuring secure settlement for customers using payment cards. Orient Finans Bank can now be an independent participant of the payment card market, reduce operational expenses, attract new customers and increase trust among the existing clients.

Atmia Publishes ATM Accessibility Recommendations

Atmia has published new international industry recommendations for maximizing the ATM user interface (UI) for about 2.4 million ATMs worldwide. Focused on recommendations regarding the accessibility, speed, operability, and security of ATMs, the manual shows how new interface technologies, such as tactile and multi-touch capabilities, biometrics and HTML 5, allow concepts usually applicable to mobile devices and tablets to be extended to ATM UIs. ATMIA has based the comprehensive set of new recommendations on inputs from deployers, software and hardware manufacturers, technical experts, processors, researchers and card issuers.

Virtual Gift Card

Moneris Solutions Corporation today announced the addition of its Virtual Gift Card solution. The Moneris Virtual Gift Card solution works seamlessly from the merchant and customer perspectives. When a buyer purchases a Virtual Gift Card and personalizes the order, the Virtual Gift Card order, gift card activation and payment are all processed through Moneris and its flexible interfaces.

Jack Henry Posts Income Up 14% Y/Y

Jack Henry & Associates announced fiscal FY/14 revenue up 7% from the year ago figure to $1,210.1 million and gross profit increased 9% to $518.6 million. Net income rose 14% compared to the prior fiscal year to $201.1 million. The company generated total revenue of $310.9 million compared to $298.1 million in the same quarter a year ago. Gross profit increased to $132.6 million from $124.2 million in the fourth quarter of last fiscal year. Net income in the current quarter was $50.6 million, or $0.60 per diluted share, compared to $47.7 million, or $0.55 per diluted share in the same quarter a year ago. Total revenue of $1,210.1 million was generated compared to $1,129.4 million in fiscal 2013. Gross profit increased to $518.6 million compared to $477.0 million during last fiscal year. Net income for the current year was $201.1 million, or $2.36 per diluted share, compared to $176.6 million, or $2.04 per diluted share for the prior year.

License revenue for the fourth quarter increased to $13.1 million, or 4% of fourth quarter total revenue, from $12.1 million, or 4% of fourth quarter total revenue a year ago. All components of support and service revenue grew in the quarter compared to the prior year and increased 5% to $283.6 million, or 91% of total revenue in the fourth quarter of fiscal 2014 from $269.9 million, or 91% of total revenue for the same period a year ago. Hardware sales in the fourth quarter of fiscal 2014 decreased 12% to $14.2 million, from $16.2 million in the fourth quarter of last fiscal ye quarter of fiscal 2014 decreased 12% to $14.2 million, from $16.2 million in the fourth quarter of last fiscal year. Hardware revenue was 5% of total revenue in both periods.

VeriFone Partners Gilbarco Veeder-Root

VeriFone Systems is partnering Gilbarco to offer next generation forecourt payment solutions and to create the largest at-pump interactive digital media network worldwide. The two companies will collaborate on future fuel dispenser payment platforms to be developed and supplied by VeriFone. The solutions will meet convenience and fuel retailers’ functionality and regulatory needs in an increasingly complex payment ecosystem, as well as offer at-pump media advertising and entertainment.Gilbarco will become the software and solutions integration lead and sales and service provider for forecourt payment systems developed under the partnership. The companies will work together to transition the payment electronics in Gilbarco’s global dispenser product lines to VeriFone technology.

Simplify Commerce

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard (NYSE: MA) and Group, Inc. (Nasdaq: WWWW), a leading provider of Internet services and online marketing solutions for small businesses, today announced an agreement to feature Simplify Commerce™ as the preferred payment provider for all of’s brands and platforms. serves more than 3.2 million small business customers…

FleetCor to Acquire Comdata

FleetCor Technologies fuel cards and workforce payment products has signed a definitive agreement to acquire Comdata from Ceridian for $3.45 billion. Concurrent with the closing of the acquisition, a representative from THL will be appointed to the FleetCor board of directors.Comdata provides fleet, virtual card, and gift card solutions to over 20,000 customers and has approximately 1,300 employees to facilitate over $54 billion in payments annually. Cash payments will be used to pay off Comdata’s outstanding indebtedness.

Moneris Partners Milano Software on Integrated Payments

Moneris and Milano Computer Systems partnered to provide a new integrated payment processing and salon management solution to the beauty and health industry in the U.S. and Canada. Moneris is one of North America’s largest payment processors and Milano Computer Systems is a leading developer of Milano Software. This partnership will combine Moneris’ reliable, secure payment processing platform with Milano’s salon and spa management tools. Clients will experience seamless credit and debit card processing that will enhance Milano’s robust suite of solutions, which manage everything from appointments and client relations to security and marketing. The Moneris platform adds Enhanced data security and fraud protection and EMV processing.

Digital River Announces Expansion

Digital River, a leading global provider of Commerce-as-a-Service solutions, announced an expansion of its Brazil payments offerings through a partnership with Ebanx cross-border payments processor. The joint Digital River and EBANX offering will provide companies of all sizes a turn-key solution for processing local online payments, including installments. The partnership allows merchants to process payments online through a direct API or a hosted payment page; increase authorization and conversion rates; consult with Digital River’s support staff; and access payments tools for processing and authorization.

TransCentra Announces Imaging Functionality for LockBoxes

TransCentra billing and payment software and services enhanced its private label remote lockbox offering. This allows the corporate customers of TransCentra’s private label bank clients to scan checks and accompanying documents remotely as an alternative to either mailing them to the lockbox site or processing them through a stand-alone remote deposit capture application. Corporate customers can also remotely scan all accompanying materials such as invoices, coupons, loan documents, applications and envelopes. All scanned items are processed, data captured, archived and, for clients with a lockbox on the TransCentra private label platform, automatically consolidated with mailed payments sent directly to the lockbox for processing and accounts receivable file reporting purposes. Extending lockbox functionality to the desktop adds convenience and efficiency to payment processing for any company that processes wholesale and retail payments.