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.

peerTransfer Expands Payments

peerTransfer has expanded payment methods to increase currency coverage. The company has doubled its local currency offering, now serving over 95 countries in their local currency, with a total collection capability of over 225 countries and territories. Whether families want to pay via an international debit or credit card, an e-wallet, online bill-pay or a bank transfer (online/offline), peerTransfer leads this innovation in education, providing the optimal solution to meet the needs of this important demographic. International students and families want the ideal payment choice based on the unique needs and the complexities associated with making cross-border payments.

First Data Releases May 2014 SpendTrend Analysis

First Data Corporation, the global leader in payment technology and services solutions, today released its First Data SpendTrend® analysis for May 1, 2014 through May 30, 2014, compared to May 2, 2013 through May 31, 2013. SpendTrend tracks same-store point-of-sale data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million merchant locations serviced by First Data. Spending growth of 4.2%, compared to April’s 4.1%, and the average ticket growth of 1.2 % in May gained steam against April’s 0.5% growth, was driven by May’s warm weather, which specifically spurred spending on travel and home improvement.

Sequent Software Receives Patent

Sequent Software announced it has received a United States patent for its technology that turns apps into wallets. Patent number 8,745,716 recognizes Sequent’s ability to manage security and control usage of credit, debit and other secure credentials stored on mobile devices and allows managed access to those credentials by mobile apps for transactions in the physical environment.

Capital One Second Look(SM) to Flag Recurring, Renewing and Duplicate Charges

Capital One is piloting a new free service that helps its customers identify unnoticed or potentially unwanted charges. Capital One Second Look(SM) goes beyond traditional fraud detection for Capital One card customers, flagging potentially duplicate charges, auto-renewing subscriptions and increases in recurring charges that are commonly overlooked. Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels.

Eckoh Patents CallGuard Payments

Eckoh secure payment products and customer service solutions has been granted a patent (No. 2478916) for the transaction security method and system that underpins its CallGuard product.The patent was filed in 2010 by Veritape, a leading secure payment solutions company acquired by Eckoh in June 2013. Both Eckoh and Veritape have specialised in developing card payment solutions to assist companies in making ‘card-not-present’ transactions more secure, particularly those made over the phone through a contact centre. CallGuard, installed on customers’ sites, has proven its success in the market with deployments across the globe. Many companies such as outsourced contact centre providers have adopted the simple plug-and-play solution that prevents sensitive customer cardholder data from reaching call recordings and contact centre agents.

MasterCard and Premier Bank Launch Hajj card

MasterCard launched a Reloadable Hajj Prepaid Card Premier Bank Bangladesh Ltd for pilgrims and Hajj Agencies. Premier Bank Ltd is a top issuer of prepaid cards for Hajj pilgrims & Hajj Agencies in the country. It has branches across the country including all major cities like Dhaka, Chittagong, Cox’s Bazar, Sylhet, Comilla, Rajshahi, Rangpur. MasterCard Reloadable Hajj & Travel Prepaid cardholders will enjoy some exclusive benefits while using the card. Present at the event were honorable Secretory, Ministry of Religious Affairs, Chairman, Parliamentary standing committee for Ministry of Religious Affairs, , President & General Secretary of Hajj Agencies Association of Bangladesh (HAAB), Dr. H.B.M. Iqbal, Chairman, Premier Bank, CEO & Managing Director, Independent Director, Additional Managing Directors & Deputy Managing Director of Premier Bank, Vikas Varma, Area Head, South Asia, MasterCard, Syed Mohammad Kamal, Country Manager, Bangladesh and other senior Officials from MasterCard & Premier Bank.

Clear2Pay builds out payment tech with SIC4 and Target2/Euro1 MX compliance

At the opening of EBADay 2014, Clear2Pay payment solutions announced it has enhanced its solutions portfolio for the Open Payment Framework in accordance with full support for the ISO 20022 standards. Clear2Pay launches a SIC4 solution connecting banks operating in Switzerland to the Swiss RTGS system. At the same time Clear2Pay’s Open Payment Framework enables current and future customers to migrate to modern XML-based payment messaging for EURO1 and TARGET2 within the Eurozone. Designed for banks connecting to the Swiss RTGS system, the SIC enabled Domestic Payments module offers full support for SIC4 electronic transaction processing. Clear2Pay’s OPF SIC solution provides comprehensive cover for all SIC4 requirements in an easily deployed solution, enabling regulatory compliance ahead of target deadline in a cost efficient manner.

Western Union Names Managing Director

Western Union Business Solutions announced the promotion of Christina Hamilton to UK Managing Director after having spent two years as Director of Client Relations for Western Union Business Solutions. Hamilton has more than 15 years’ corporate and commercial experience within the financial services industry heading up both client-facing and operational units. Before joining Western Union Business Solutions in October 2012, Hamilton spent two years as Head of Relationship Management at Capita Asset Services and has also held senior leadership roles at UBS and Citigroup. As UK Managing Director, Hamilton will be responsible for all of Western Union Business Solutions in the UK, whose clients include pension providers, professional financial institutions, law firms and universities. Hamilton’s predecessor, Jonathan Rees, has moved to head up Western Union Business Solutions in North America.

China Telecom Partners Gemalto for NFC Commercial Launch

Gemalto was selected by China Telecom for its UpTeq Multi-Tenant NFC SIM to support their commercial rollout of mobile contactless services. China Telecom is a leading operator in China with more than 183 million subscribers. Millions of China Telecom subscribers will soon be able to use their mobile phones to pay for everyday services and choose from multiple types of NFC-enabled mobile phones to make payments for transportation, dining, shopping and petrol throughout the country. Airport check-ins, personal authentication services and employee ID services will be introduced in the future. The Gemalto UpTeq Multi-Tenant NFC SIM has been specially developed and customized by Gemalto for China Telecom. Subscribers will enjoy secure and convenient 24/7 access to mobile contactless services.

ACI Worldwide announces Latest mBanking Client

ACI Worldwide electronic payment and banking systems announced Pearl Harbor Federal Credit Union (PHFCU) selected ACI’s integrated online banking platform for credit unions, WebFederal, to power PHFCU Online, its online and mobile banking and bill payment services. PHFCU is one of Hawaii’s leading credit unions, serving thousands of members across the state. As its business has grown and its customers increasingly embrace online and mobile banking, the credit union recognized the need to provide a seamless, multi-channel experience that continued to deliver outstanding service while maximizing efficiencies. PHFCU selected ACI’s WebFederal online banking solution, which provides customers with a universal, real-time, omni-channel experience.