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

Chevron Appoints FleetCor Fuel Card Partner

FleetCor Technologies fuel cards and workforce payment products to businesses, confirmed that it has signed a long term fuel card system processing contract with Chevron covering Asia-Pac and South Africa. Using its Global FleetNet (GFN) fuel card processing platform, FleetCor will process transactions for Chevron’s private label commercial card program fuel card in six Asia-Pac markets plus South Africa. The in-scope geographies are Hong Kong, Philippines, Singapore, Malaysia, Thailand and New Zealand. Chevron has a significant position across Asia-Pac and South Africa and private label commercial fuel cards are a major part of its ongoing development in these markets.

IT GOVERNANCE RELEASES PCI DSS V3.0 DOCUMENTATION TOOLKIT

IT Governance is excited to announce that its niche IT-GRC publishing imprint, ITGP, will release its PCI DSS v3.0 Documentation Toolkit. The PCI DSS v3.0 Documentation Toolkit provides organisations with a comprehensive set of pre-written PCI DSS v3.0-compliant documents, as well as highly useful desktop tools to help them analyse and navigate their way around PCI compliance. It includes newly developed tools and guidance such as a Document Checker, Gap Analysis Tool, ISO27001:2013 Mapping Tool and 2 licences to PCI DSS Staff Awareness eLearning, particularly useful for all merchants and service providers.

Barclays Appoints COO, CTO

Barclays has appointed Michael Harte as Chief Operations and Technology Officer. A member of the Group’s Executive Committee, Michael is currently Group Executive of Enterprise Services and Chief Information Officer at the Commonwealth Bank of Australia Group (CBA). Prior to CBA, he held Chief Information Officer, IT and Operations and Technology roles at PNC Financial Services and at Citigroup.

First Data Appoints New Head of Strategic Client Accounts

First Data appointed Christopher Foskett head of global, strategic and national accounts. He will lead the organization responsible for bringing strategic value, business partnership and new innovation to the firm’s major financial institution, retail, government and business clients. Foskett most recently was global head of sales for J.P. Morgan’s Treasury Services business and regional executive of the Treasury Services business for North America. Foskett brings a wealth of experience from his 30-year career in financial services spanning a wide range of client-facing activities across corporate and investment banking and transaction services. Global Finance magazine has cited Chris as one the select bankers featured in their ranking of “Who’s Who in Treasury and Cash.

Chase Launches Marriott Rewards Premier Visa Signature Business Card

Chase Card Services and Marriott Rewards announced the launch of the Marriott Rewards Premier Visa Signature® Business Credit Card designed for small business owners who travel frequently for business or pleasure. With the Marriott Rewards Premier Business Credit Card, small business owners have the ability to earn accelerated Marriott Reward points on all purchases, accumulate free night stays, and receive automatic Silver Elite Status once they become a cardholder. The card also offers EMV chip-and-signature technology, charges no foreign transaction fees and comes with a variety of travel and business benefits. With the Marriott Rewards Premier Business Credit Card, small business owners have the ability to earn Marriott Rewards points at an accelerated rate. Cardholders will earn thousands of points for different increments spent on the card. The card also comes with travel insurance benefits, including trip cancellation, trip delay, lost luggage, baggage delay and auto collision damage waiver. Additional benefits include purchase protection insurance, including purchase security and extended warranty.

Picking a New Agent Card Provider

There comes a time when some agent card programs elect to pick a new service provider. Perhaps because of erratic service level performance at the current provider, or due to new account rewards which seems to be less than competitive market value, because a current contract has reached its contractual period ending, or even due to an existing provider exiting from that business.
Whatever the reason(s), there are number of preliminary steps one must go through to ensure the change is a smooth one for your card members and meets your expectations. In managing over 800 such agent card programs over three decades in the card business, R.K. Hammer has some strong opinions about how to achieve the best outcome.

HyperWallet Launches Direct Payment Services

hyperWALLET global payment solutions, announced the availability of new low-cost direct-to-bank payment services in Malaysia and Chile. Many global corporations are active in these rapidly growing economies and need to pay people locally in a cost-effective and timely manner. hyperWALLET has addressed this problem by enabling fully-compliant direct-to-bank transfers in both countries in local currency, within 2-3 business days. Powered by hyperWALLET’s global payment platform and extensive financial networks, corporations can easily make mass payouts while providing payees with flexible in-country payment options. hyperWALLET also enables payees to receive payments on brandable prepaid debit cards, or as cash at any Western Union agent location across both Malaysia and Chile.

Monitise Appoints Non-Executive Director

Monitise announced Tom Houghton has been appointed as a Non-Executive Director. Visa Europe’s new nominated director to the Board of Monitise, Tom heads the Core Payments division of the business. He joined Visa in 2011 as its Head of Processing, which accounts for 35% percent of the business’ overall revenue. Tom has spent a lifetime working in the payments industry, starting out in the retail sector. He worked for a major US merchant retailer running development and deployment for in-store point-of-sale systems, merchandising, inventory, and distribution applications. He then moved to electronic payments group ACI Worldwide, where he spent 21 years in a variety of roles in both North America and Europe, leading product management, product development, customer support, sales and services divisions.

oti Expands Mass-Transit Ticket Machines for Pre-Paid Phone Card Refill

On Track Innovations NFC and cashless payment solutions, has expanded the capabilities of the 84 transit ticket vending machines operated by its electronic ticket systems subsidiary, ASEC S.A. Integrated oti NFC contactless card readers now allow travelers and commuters to easily use any NFC-enabled credit/debit card or mobile device to recharge their pre-paid phone cards issued by Mobile Network Operators (MNO) in Poland. Currently supported pre-paid cards include those issued by T-Mobile, Heyah, Play, Plus, Orange, NJU Mobile and Lycamobile. The machines accept traditional credit/debit card and cash payments and will also support oti’s new WAVE device that makes any mobile device NFC-capable. The ASEC automated ticketing network has enabled more than 62 million trips on the Mazovia Railway. Revenues generated from this new capability for refilling pre-paid phone cards are included in the estimated $4.7 million transaction fees revenues for the Mazovia Railway System over five years as was announced by oti in April 2013.