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.

Allied Wallet Now a Licensed MasterCard Issuer

Allied Wallet online payment processing is now licensed to issue MasterCard and Maestro cards.MasterCard has strict regulations for any financial institution that seeks to issue payment cards. But upon review, Allied Wallet has been deemed a licensed issuer of MasterCard or Maestro cards, servicing various regions of Europe including the United Kingdom, Germany, France, and Spain. This issuing license will allow Allied Wallet to issue payment cards to its eWallet members, giving them the opportunity to spend the money saved in their eWallets at any storefront that accepts MasterCard or Maestro. Allied Wallet already supports over 100 million users. This issuing license is a large step for the company, but the rewards will benefit Allied Wallet users most. All users in supported regions will be eligible for MasterCard or Maestro card issuing.

FIS Announces Senior Notes Offering

Fidelity National Information Services announced the pricing of its sale of $300 million in aggregate principal amount of 1.450% Senior Notes due 2017 and $700 million in aggregate principal amount of 3.875% Senior Notes due 2024 (together, the “Notes”). The Notes will be guaranteed by certain of FIS’ subsidiaries. FIS intends to use the net proceeds from this offering to repay the entire outstanding principal amount of and accrued interest on its revolving credit facility, to repay up to $550 million of the outstanding principal amount of its Term Loan A-4 and for general corporate purposes. Any remaining proceeds will be used, together with additional borrowings under FIS’ revolving credit facility, to fund the purchase, through a call for redemption intended to be effective on or about July 15, 2014, of the entire $500 million aggregate principal amount of its 7.875% senior notes due 2020.

Bluefin and Parkmobile Partner

Bluefin Payment Systems, and Parkmobile have announced a partnership to provide Bluefin’s PayConex point-to-point encryption (P2PE) solution to Parkmobile clients. PayConex™ P2PE is the first P2PE solution in the U.S. to receive Payment Card Industry (PCI) validation, and just one of three solutions in the world to receive this validation. PayConex P2PE encrypts cardholder data within the point of entry, thus preventing clear-text data from reaching the point-of-sale (POS) system, software or networks where it could be exposed in the event of a data breach.

TSYS Announces Latest Payments Agreement

TSYS announced it has extended its exclusive agreement with Canadian Tire Financial Services to provide processing and other payment card program services. The multi-year extension includes Canadian Tire’s MasterCard-branded and private label retail portfolios. TSYS provides Canadian Tire with a number of additional services outside of traditional issuer processing and merchant acquiring, including fraud and risk management, portfolio analysis and a rewards and loyalty program. Canadian Tire has been a TSYS client since 1998.

TSYS Appoints Global Chief Procurement Officer

TSYS announced that Walter Taylor as their chief procurement officer, responsible for procurement, vendor management and supplier management. Prior to joining TSYS, Taylor served as executive vice president, strategy, of Genesis10, where he was responsible for the firm’s overall strategy for information technology staffing and consulting with clients in the financial services industry. He also served as COO of Pariter Solutions, LLC, a Bank of America and Wells Fargo ACH payment processing joint venture, and senior vice president of Bank of America, responsible for technology and operations procurement and supply chain management. He’s a graduate of the University of Georgia and Mercer University and a Desert Storm veteran.

UPI Brings CUP Card Acceptance to Israel

UnionPay International (UPI) signed a cooperation agreement in Shanghai with Leumi Card to begin the acceptance of UnionPay cards by merchants and ATMs in Israel. Leumi Card is the first cooperative acquirer of UnionPay International in Israel, providing access to over 40,000 merchants covering nearly all places frequently visited by tourists, and about 360 ATMs across Israel. Bank Leumi has about a 30% market share in Israel.

MasterCard Enhances Security Protection

MasterCard today announced enhancements to its industry leading security efforts, providing U.S. cardholders with greater protection from fraud and identity theft. All MasterCard credit, debit, prepaid and small business cards issued in the U.S. will now carry Identity Theft Resolution assistance. The program provides help in canceling missing cards and alerting credit reporting agencies, as well as targeting searches to detect if stolen personal and confidential data appears online.

Nabil Bank Deploys Fime Solutions for EMV Compliance

Fime completed a period of consultancy and testing to validate Nabil Bank’s point of sale (POS) terminals and host acquirer platform infrastructure to UnionPay, MasterCard and Visa specifications. The host acquirer platform certifications, also completed by FIME, confirm that the bank’s infrastructure adheres to the functional standards set out by the three payment systems. These standards aim to ensure that POS terminals connected to the bank’s network are using the same ‘language’ to relay information. FIME is an EMV implementation partner, offering practical support and solutions to ensure banks can implement EMV effectively and successfully. Using the FIME SAVVI test analysis tool, with FIME test cards qualified by the payment systems, acquirers have the ability to debug and test the compliance of a payment acceptance terminal in preparation for formal approval and, ultimately, market implementation.More than 80 countries worldwide have adopted, or are adopting, EMV in order to increase transaction security, reduce fraud and enable cardholders to execute payments worldwide.