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.

Finansbank Deploys NCR Hardware and Software

Finansbank has chosen NCR solutions to provide an improved and more convenient banking experience for consumers and small business in Turkey. With 673 branches across the region, Finansbank is the bank of choice for small businesses when they deposit takings at the end of day and specifically chose NCR SelfServ 34 and 32 ATMs for their deposit and cash re-cycling capabilities. Finansbank has also selected NCR to service and maintain its ATM network for the next 10 years and is developing ATM applications based on the open NCR APTRA™ XFS software interface. The cash re-cycling features of these ATMs will help Finansbank reduce costs by decreasing the number cash deliveries required at branches and the time spent on cash replenishment by branch staff. NCR APTRA software uses a Windows®-based XFS interface, facilitating an open software environment and making it vendor independent.

Cathay United Bank Delivers Personalized NCR ATM Transactions

NCR Corporation announced that Cathay United Bank (“CUB”) has become the first bank in Taiwan to provide personalized automated teller machine (“ATM”) transactions by using NCR APTRA Connections software. CUB is the fourth largest ATM deployer in Taiwan with more than 1,900 ATMs. APTRA Connections is now running on about 180 units of NCR SelfServ ATMs and 120 units from another vendor. Most of these ATMs are installed at busy locations. CUB is also planning to extend the new features to its entire ATM network gradually. APTRA Connections enables CUB to recognize their customers and display personalized greeting message. CUB customers can customize their ATM menu by pre-selecting favorite transaction options that include their usual cash withdrawal amount, bill payment and bank transfers, resulting in fewer screens to navigate and save time – as much as 33 percent faster than a typical transaction.

mopay Embarks on Indian Carrier Billing Market

mopay announced its entry into the Indian market with an HTML5 in-app billing solution. The company brings its latest technology to the Indian market where staggering growth rates indicate that the number of Internet-enabled mobile devices will have exceeded the US by the end of 2014. mopay is launching the HTML5-for-mobile version of its award -winning direct carrier billing platform on all large Indian carriers to give its subscribers of mobile Internet devices the same frictionless payment experience as in Europe and the United States. Indian carriers, such as Airtel, Vodafone and Reliance, have recently invested billions in US dollars to upgrade their network infrastructure and allow users in mainly urban areas to use mobile Internet services.

BNY Mellon Now Chaps Clearing Direct Participant

CHAPS Clearing Company announced BNY Mellon has joined CHAPS as a Direct Participant. BNY Mellon is a global investments company which provides financial services for institutions, corporations or individual investors. As of March 31st 2014, BNY Mellon had $27.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon is an established provider in the UK and contributes substantially to the CHAPS daily value flows. BNY Mellon has joined CHAPS as a result of the introduction of tiering criteria by CHAPS and the Bank of England. This dovetails with BNY Mellon’s strategic aims to expand their global payment capabilities to better support their clients’ needs as the global payments landscape continues to evolve.

Heartland Payment Systems Unveils New Brand Identity

Heartland Payment Systems has unveiled a new brand identity. The new branding initiative better reflects Heartland’s dramatic evolution from a small debit and credit card processor to a leading national business solutions provider serving a range of industries from retail to restaurant, parking to petroleum, to higher education, lodging and hospitality. The key to Heartland’s continued success is its unwavering commitment to building long-term customer relationships based on a commitment to trust and transparency. The company’s Merchant Bill of Rights sets the industry standard for public advocacy of business owners for fair credit and debit card processing practices. This commitment to customers, coupled with Heartland’s continued investment in developing and bringing solid solutions and innovation to market, is at the heart of the company’s business philosophy and brand.

i2c Global Commerce Launches Digital Gifting App

i2c announced that Jifiti- allowing consumers to turn physical goods into digital gifts- is using its platform for open-loop prepaid processing.Jifiti was created to make gift giving more thoughtful, flexible and convenient. The app allows a user to select an item in the app or in-store by scanning a bar code and send it digitally as a gift to any recipient via e-mail, text or Facebook. The recipient can select their ideal size and color or choose an entirely different item to redeem. Users can also add products to a wish list which others can purchase for them individually or by chipping in as a group.

US Dataworks Appoints CEO, Chairman

US Dataworks payment processing appointed John Penrod as our new CEO and Chairman of the Board. The key metrics that we follow are growth in monthly transaction and recurring revenue, particularly in the cloud, average price per transaction and operating income. Our monthly recurring revenue for fiscal 2014 experienced double-digit growth over the prior fiscal year. Our average price per transaction for calendar year 2014 has more than doubled when compared to calendar 2013, as our customers benefit from the added value of NextGen Receivables, and our operating income is positive. As a non-reporting public company, we continue to perform annual independent audits for the twelve months ending March 31st.

Raymond James Deploys Signature from Fiserv

Raymond James Bank has chosen Fiserv for an enterprise-wide banking solution. Centered on the Signature® bank platform, the total Fiserv solution set for Raymond James Bank includes Aperio™ for business process management, Nautilus® for enterprise content management, Prologue™ for financial management, Corillian® Online for online banking, CheckFree® RXP® for bill payment, and solutions for debit, ATM and item processing. Signature is a complete, real-time, SOA-based solution that delivers customization, system integration and business process improvement to traditional and nontraditional financial institutions around the world. Highly scalable in mid-to-large size institutions in 45 countries and 21 languages, Signature provides a flexible, cost-effective solution for account processing.

InComm Mobile Platform Launched

InComm today announced the launch of InComm Mobile Platform (IMP) for mobile wallet providers and merchants. IMP integrates with multiple platforms to provide a full-breadth of capabilities required to process mobile payments made using prepaid cards at retail POS. The platform also enables InComm to develop and host mobile applications for merchants and partners. Canadian communications and media company Rogers is the first company to leverage IMP for development of the recently launched suretap™ wallet.

Interac Announces Latest Flash Contcatless Payment Client

First West Credit Union signed Interac Flash to contactless, tap-and-go technology feature on its debit cards.Interac Flash is a new contactless enhancement of Interac Chip debit cards that enables cardholders to make everyday small value purchases faster by simply holding their card up to a supporting reader. First West will be rolling out Interac Flash and Instant Card Issuance, the ability to create personalized cards in branch for members, in a phased approach at two of its Envision Financial branches. Beginning in mid-June, a limited number of these cards will be available at the Willoughby branch in Langley and High Street branch in West Abbotsford. A greater roll-out is planned for Envision Financial members this fall and to Valley First and Enderby & District Financial members in 2015.

RBS beefs up global transaction services team

The Royal Bank of Scotland plc (RBS) announced the appointment of five new senior hires to its Global Transaction Services team, further strengthening its capabilities and enhancing the service it provides to clients. Helen Mason joins as Head of Bank Partnerships, consolidating the Bank’s approach to and management of partner banking arrangements across Global Transaction Services. Mason has over 20 years experience within global transaction banking organisations and joins from Bank of America Merrill Lynch (BAML), where she has been leading the commercial cards business within GTS EMEA. Mason reports to Berndt. Waud also joins from JP Morgan. He was at the bank for over 12 years, most recently as executive director and team leader for Northern Europe. Waud reports to Blake. Stuart Lawson and Maha el Dimachki both join the GTS Cash Product team as Managing Directors.