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.

Credit Card APRs Up Slightly From March Figure

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs are up .1% from the March figure to 15.02% after averaging a meager .04% change over the past year. This throws a kink in the downward momentum seen through the beginning of the year. This also follows a relatively lengthy period of APR stagnation throughout the holiday…

AAdvantage Mastercard Now With Admirals Club Membership

The Citi Executive / AAdvantage World Elite MasterCard is now the only credit card that comes with American Airlines Admirals Club® membership to nearly 40 clubs in major airports worldwide, and now includes access to all 18 US Airways Clubs. In celebration of this exclusive relationship, during the month of April, Citi will offer complimentary One-Day Passes to any domestic U.S. based Admirals Club lounge or US Airways Club to travelers whose credit cards no longer provide complimentary access.

NCR Recognized as a Top 10 Innovative Company

NCR has been awarded Technology Association of Georgia (TAG) “Top 10” Award, as one of Georgia’s 10 most innovative technology companies. TAG is the state’s leading association dedicated to the promotion and economic advancement of Georgia’s technology industry. The “Top 10” most innovative technology companies are chosen from among TAG’s “Top 40” 2014 list and were chosen based on a number of criteria, including: degree of innovation; scope and financial impact of innovation; likelihood of success; and promotion of Georgia’s innovative efforts nationally and internationally. NCR Mobile Pay enables consumers to take action instead of waiting. Restaurant patrons can easily review an order, add to it, tip and pay, and take a survey – all directly from their smartphone. NCR Mobile Pay transforms the guest experience while also improving order accuracy.

FGI Appoints VP, Business Development

Doug Stewart has FGI as Vice President of Business Development to oversee business activity on the West Coast. His goal will be to focus on maintaining and strengthening relationships with other lenders, finance companies, equity sponsors and referral sources. Stewart brings nearly a decade of experience in asset based lending and corporate investment banking, as well as experience working with business development teams. Stewart was responsible for Portfolio and Account Management, as well as Business Development in the California region with Wells Fargo Capital Finance. Before that, he was with Merrill Lynch Capital where he focused on corporate banking and supporting the underwriting and portfolio teams on both new and existing deals.

NCR Software Announces Latest POS Client

NCR Corporation, the global leader in consumer transaction technologies, announced that Tevis Oil Company has selected NCR’s Radiant point-of-sale (RPOS) technology solutions to improve service and reliability at its Jiffy Mart convenience store chain.The NCR RPOS solution provides Jiffy Mart stores with a new layer of redundancy that allows an entire site to remain operational even if they have an issue with a single POS device. Software updates can be made remotely from central office locations and do not require the site to shut down when changes are made as they were in the past.

Citi® and American Airlines Celebrate Exclusive Admirals Club® Lounge Relationship

The Citi® Executive® / AAdvantage World Elite MasterCard now comes with American Airlines Admirals Club with membership to nearly 40 clubs in major airports worldwide. It includes access to all 18 US Airways Clubs. To receive complimentary One-Day Passes, travelers must meet with the Citi ambassador and show their credit card that previously enabled access to the Lounge. For details about this limited time complimentary access promotion, visit The lounge offers members such benefits as complimentary beverages, light snacks, Wi-Fi access, personal travel assistance with reservations and more. Additional information on the Admirals Club lounges can be found at .

USA Technologies Redefines One-Stop Cashless Payment Services for Self-Serve Retail at 2014 NAMA OneShow

USA Technologies ntends to redefine one-stop cashless payment services by showcasing a myriad of products and services at the 2014 NAMA OneShow. Here USA Tech will demonstrate self-serve retail, including the growing web of interlinked products, services and consultative support marketed under the ePort Connect® platform. The Company will also cover Micro-market Services: USAT is making it easier to optimize cashless in today’s complex food and refreshment service businesses by linking ePort Connect to a growing list of supported micro-market providers such as Revive Self Checkout and Breakroom Provisions. In addition, ePort Connect has recently been upgraded to give consumers the opportunity to replenish their MORE. account with either cash or credit at either of these supported micro-market kiosks.

FIS Releases GenNOW

FIS today announced a new solution that allows banks and credit unions to compete effectively with alternative financial services. FIS GenNOW™ Financial Services allows financial institutions to capitalize on these customers by providing real-time access to funds via mobile or prepaid cards. GenNOW customers can easily track their spending and manage their finances on the go.

Discover Wins EIFLE Award for Corporate Leadership

Discover Financial Services received an Excellence in Financial Literacy Education (EIFLE) Award from the Institute for Financial Literacy. It was specifically awarded in the “Organization of the Year, Corporate Leadership” category for its financial education program, Pathway to Financial Success. The EIFLE Awards acknowledge the innovation, dedication and commitment of individuals and organizations that advance financial literacy education. Discover’s Pathway to Financial Success program is a five-year, $10 million investment to bring financial education curriculum into public high schools across the country.

Heartland Acquires MCS Software

Heartland Payment Systems has acquired MCS Software, an innovative provider of school foodservice point-of-sale (POS), back office and online payment solutions for more than 4,000 K-12 schools nationwide. The acquisition of Madisonville, Louisiana-based MCS Software marks the continuing expansion of Heartland’s market-leading position in the growing K-12 school nutrition and POS technology industry. Heartland School Solutions now serves over 34,000 K-12 schools nationwide, representing a 35% share of the public schools in the U.S.

First Data Releases March 2014 SpendTrend

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data released its SpendTrend for March 2014, compared to the year ago period. Tracking same store POS data by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks from nearly four million U.S. merchant locations serviced by First Data, the analysis shows dollar volume growth was 2.1%. This…

NCR Teams with Channel Partner on Retail Market Presence

NCR Corporation announced the appointment of a major channel partner, Shanghai Anmao Information Technology Company, as its reseller for the full range of NCR POS solutions, including the NCR SelfServ Checkout. The China retail market is highly competitive and retailers are looking to deploy advanced and flexible store automation technologies that create a competitive advantage. With a national sales force dedicated to retail and its various market segments, Anmao is the perfect complement to expand NCR software, hardware and services throughout China.