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

Ingenico & GlobalCollect Discussing Merger

Ingenico entered exclusive negotiations regarding the acquisition of 100% of the share capital of GlobalCollect from its existing shareholders for an enterprise value of €820 million. GlobalCollect has developed a recognized payment expertise, notably in cross-border e-commerce, to enable most recognized brands to sell their products on line across the globe. Thanks to its secure, scalable, in-house and robust online platform supported by an experienced management team, GlobalCollect directly provides merchants with a comprehensive, cross-border one-stop-shop payment solution by acting as a hub to multiple other payment providers in 170 countries and providing an access to 150 local payment methods. During fiscal year 2013, GlobalCollect reported gross revenue of €305 million, net revenue of €111 million and adjusted EBITDA1 of €50 million.

Credit Availability

Credit card credit availability levels off and is heading south. A new study found that credit lines are contracting at their slowest rate in a year, with average credit lines for sub-prime and prime accounts (down 1.2% and 1.4% respectively) continuing to contract at a faster rate than super-prime accounts (down just 0.3%). The report also found that the credit card market is shifting toward rewards cards.

Net Element Exec

William Healy has been appointed to the Net Element’s Board of Directors, effective June 30, 2014, and will serve on the Board’s Audit, Compensation, Nominating and Corporate Governance Committees. Mr. Healy is an accomplished financial services industry veteran with more than 24 years of merchant financing and electronic payments industry experience. Net Element is a global technology-driven group specializing in mobile payments and value-added transactional services.

Visa Canada Q1

Visa’s (VS) Canadian region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 9.8% on a local currency basis in the first quarter (Q1/14) to US$52 billion.
The average purchase ticket in the VS Canadian region declined 9.0% Y/Y. One-year ago it stood at US$104.29, compared to US$101.80 in Q4/13 and US$94.89 in Q1/14, according to CardData. VS has an estimated 43 million cards-in-force (CIF) currently in the Canadian region, compared to 38 million in Q1/13.

Visa LAC Q1

Visa’s (VS) Latin America Caribbean (LAC) region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 14.3% on a local currency basis in the first quarter (Q1/14) to US$95 billion. The average purchase ticket in the VS LAC region declined 9.4% Y/Y. One-year ago it stood at US$44.20, compared to US$43.90 in Q4/13 and US$40.05 in Q1/14, according to CardData. VS has an estimated 440 million cards-in-force (CIF) currently in the LAC region, compared to 431 million in Q1/13.

Reintroduced EFT

DebitWay.ca has reintroduced its long standing online payment option; Electronic Funds Transfer (EFT) to merchants. EFT is not a novel payment solution, nor is it new to the DebitWay family. DebitWay continues to be one of the leading Payment Service Providers in the world, as well as a Certified Payment Provider of INTERAC® Online Payment (IOP) solution in Canada.

BitPay Partners With Newegg

Newegg announced a partnership with BitPay to accept bitcoin payments on Newegg.com (#NeweggBitcoin). The company’s more than 25 million registered customers can now pay for more than 10.5 million products including electronics, computers, game consoles and household items using bitcoin through BitPay. Newegg’s acceptance of bitcoin payments adds yet another convenient and secure way for its customers to fulfill their e-shopping needs.

SBI & Accenture

State Bank of India (SBI), the nation’s largest bank, has launched six digital branches across the country, as part of a pioneering program to offer next generation banking solutions to India’s growing mobile phone and internet-savvy customer base. SBI aims to transform the customer experience by delivering world-class service through all of its customer channels. Accenture is a global management consulting, technology services and outsourcing company, with more than 293,000 people serving clients in more than 120 countries.

MC CANADA Q1

MasterCard’s (MC) Canada region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 9.0% on a local currency basis in the first quarter (Q1/14) to US$27 billion. The average purchase ticket in MC Canada region has declined 9.5% Y/Y. One-year ago it stood at US$88.82, compared to US$85.11 in Q4/13 and US$80.36 in Q1/14, according to CardData. MC’ Cash Dollar Volume (CDV) was down sharply by 9.7% on a local currency basis in Q1/14 to US$2 billion. MC has 56 million cards-in-force (CIF) currently in the Canada region, compared to 50 million in Q1/13, about the same as Visa.

Net Element Obtains $10 Million Credit

Net Element, Inc., a technology-driven group specializing in mobile payments and value-added transactional services in emerging countries and in the United States, is pleased to announce that the Company completed the closing of a $10 Million credit facility from the payments industry-leading lender, RBL Capital Group, LLC. This closing represents the second funding in the $30 million financing round that was announced by the Company on April 22, 2014.