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.

Visa Q2/14

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa continues to amaze as profits for the second calendar quarter hit $1.36 billion, an 11% gain over the year ago quarter. (Visa Inc. does not include Visa Europe.) Payments volume growth, on a constant dollar basis, for the three months ended June 30th was up 11% over the prior year…

OT Expands Its M2M and IoT Offer to Application Enablement

Oberthur Technologies announced its partnership with Cumulocity to offer an application enablement and objects management platform for the Machine-to-Machine (M2M) and Internet of Things (IoT) markets. This new OT solution has the flexibility to address various M2M use cases from fleet management and asset tracking to industrial remote maintenance and surveillance, among many others.The IoT market stakeholders such as mobile operators, OEMs and enterprises need to remotely control and automate the management of these objects. OT is now able to propose a simple and secure solution to help them collect data from any connected object over any network, manage them in real-time including remote configuration and software updates or real-time alerts, and easily develop business applications. This future-proof solution offers maximum scalability and native support for Big Data use cases, including Big Data collection, storage and analysis.

AMP Check Imaging Announces Latest Client

All My Papers (AMP)All My Papers (AMP) announced that its software application, All My Checks, is in use by Tangerine Bank (formerly ING DIRECT). This Windows-based software application creates correctly formatted Canadian electronic Cheque Image Cash Letter Files for remote deposit to direct clearing banks.All My Checks allows for secure and rapid implementation of check image clearing process. Indirect clearing banks in Canada and the U.S. can now use the ready-to-run application to minimize operational costs and increase accuracy. All My Papers supports the Canadian CPA 015 standard which is based on the US X9.100-187 standard.

Contis Announces Latest Money Management, Card Platform Client

Contis Group has signed Ffrees to its fully managed, integrated current account with a Visa debit card and loyalty and rewards program. Contis’ end-to-end service capabilities and next generation Visa e-money platform allows Ffrees to launch a complete reinvention of the current account, enabling families to save as they spend, avoid exorbitant bank charges and take advantage of a variety of innovative money management tools that are available via their online account facility. Since the launch of its new products in October 2013, Ffrees has attracted more than 20,000 customers to its services and continues to issue new accounts at a rate of 200 a day.

Taulia Supplier Financing Raises $27m

Taulia raised $27 million in Series D funding. The round was funded by current investors, including Matrix, Trinity, Lakestar, DAG, and led by QuestMark Partners. The funding comes as the San Francisco-based startup has seen more than a 300% increase in revenue during the first two quarters of 2014, compared to the same two quarters from 2013. Taulia attributes the unprecedented growth to doubling its number of customers in 2014, and maintaining its 100 percent customer retention and renewal rate. This includes a number of significant customer wins in EMEA following the opening of a London office on November 2013. San Francisco-based Taulia provides some of the world’s largest organisations with cloud-based invoice, payment and dynamic discounting solutions.

Visa Tech Ctr

Visa moves 500 employees to downtown San Francisco to hobnob with payment innovators. The centerpiece of One Market will be an innovation center designed to provide an immersive experience for clients and partners, where they can interact with Visa subject-matter experts, and explore new products and technologies that advance the payment experience in areas such as mobile, security and cloud-based technologies.

Fundtech unveils wireless card processing terminal

Fundtech launched Mobilescape VX, a device upgrade for its Mobilescape wireless card processing solution. The hardware combines Verifone’s VX 680 POS hardware with Fundtech’s software, transaction processing, wireless service, and customer support. The new handheld terminals include a color touch screen and an ARM11 processor, as well as compatibility with the web-based Mobilescape Manager platform. Mobilescape VX provides U.S. businesses with traveling sales personnel the capability to accept card payments from anywhere via a small, portable device that is compatible with the AT&T cellular network.