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.

NCR Announces Latest Bank to deploy Teller Service

FirstCapital Bank of Texas now offers live teller service 24 hours a day, five days a week and will soon expand that to 24 x 7 service through interactive video software from NCR. With NCR APTRA™ Interactive Teller, a live teller takes remote control of the device while on video chat over its screen. FirstCapital’s interactive tellers work out of the Lubbock, Texas branch and can support customers at any of the bank’s 10 Interactive Teller kiosks. The latest Interactive Teller unit went live March 19, as part of the bank’s new branch opening in Amarillo. FirstCapital worked hand-in-hand with NCR and FTSI. FTSI is one of NCR’s largest financial services solutions partners, serving Texas, California and the Pacific Northwest since 1998. FirstCapital’s Interactive Teller units are available both in lobbies and drive-thru banking.

Payments Space Advisors Names First Board of Directors

Payments Space Advisors, a joint venture subsidiary of NEACH and EastPay, has announced its inaugural Board of Directors. Payments Space Advisors was recently formed by the two Regional Payments Associations to provide a broad spectrum of payment systems risk management, compliance, and consulting services to financial institutions and businesses. The new Board of Directors includes Chairman: Albert Rietheimer, CPA, SVP, CFO & Treasurer, Steve Madden, Richard Oliver, David Brock, Laurance Selnick, and Pam Rodriguez, AAP, CIA, CISA, Executive Vice President of EastPay.

American Express Recognizes First Annual Campaign Anniversary

American Express is now accepting applications for the new Amex EveryDay Credit Card, which was announced at last month’s Oscars. To celebrate, the company is launching a year-long campaign to shine a spotlight on America’s #EveryDayMoments – from quality time with the kids to a night out with friends. The campaign kicks off with a Mother’s Day “selfie & snapshots” photo contest with an epic prize – a getaway to NYC for 50 winners and their guests (100 total). American Express will continue to recognize and reward consumers for sharing their #EveryDayMoments throughout the year with a series of special, themed contests, sweeps and unique experiences, like a live concert with Maroon 5 streamed nationally on June 20, 2014, and a soon-to-be-announced Father’s Day Sweeps. The Amex EveryDay Card is a no-annual-fee Credit Card that puts a twist on the traditional rewards program; it rewards Card Members for how often they shop, and not just how much they spend. Use the Card 20 or more times on purchases in a billing period and earn 20% extra Membership Rewards® points on all those purchases less returns and credits. *Terms and limitations apply

DFC Global Announces Preliminary Fiscal 3Q/14 Results

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] DFC Global services to the unbanked and under-banked consumers announced preliminary 3Q/14 total consolidated revenue expected in the range of $248.0 to $252.0 million. DFC reduced its guidance for fiscal year 2014 to adjusted EBITDA between $151.0 and $156.0 million, as compared to its previous range of between $170.0 million and…

Novum Bank Deploys Carta Payment Processing

Carta Worldwide announced Novum Bank is now live on Carta’s processing platform. Carta is providing Novum with a fully configurable and customizable platform that delivers unparalleled efficiency, stability and security. Novum Bank has switched its entire prepaid card portfolio over to Carta’s next-gen global transaction processor. Traditionally the process of migrating an entire card portfolio to a new processor would require significant time and cost. However with Carta’s technology, Novum completed the processor transition seamlessly within a week with no service disruption for cardholders, who are able to retain existing plastics. Carta’s platform has been engineered to leverage its clients’ existing infrastructure and evolve to meet the complexities of modern payment applications.

SIX takes full control of Cetrel

SIX has increased its stake in the Luxembourg financial services provider CETREL S.A. from 50% to 100% as of 31 March 2014. SIX has underlined the real significance of strategic cooperation and in taking over the company, will expand its leading international offering in the area of card-based payment transactions. SIX is aiming to strengthen its position in the acquiring business and expand the international issuing-processing offering of SIX in Europe. Maintaining central services to strengthen the competitive position of the Luxembourg financial center will continue to be one of the core activities for the company.

World First and OANDA Expand International Payments Service

Following the announcement of their partnership in the UK earlier this year, World First, a leading international payments provider, and OANDA Corporation, the first online provider of comprehensive currency exchange information and global provider of innovative foreign exchange trading services, are pleased to announce the expansion of their international payments service to the U.S., Canada, Australia and France. With World First’s flexible online payments platform OANDA clients can now make high-speed international money transfers around the clock. The World First-OANDA payments service allows private individuals to make transfers for things like repatriating income, paying for international school fees, making property investments, sending money to family overseas, or for a variety of other reasons.

GlobalCollect Announces Elevate Data Services

GlobalCollect announced Elevate Data Services, a comprehensive Business Intelligence solution designed specifically for online payments and chargebacks. Elevate was conceived in response to the unique need for insights expressed by GlobalCollect’s clients, and developed in close cooperation with GlobalCollect’s Customer Advisory Board (GCAB), which includes many leading international eCommerce companies.

City of Atlanta Grants Acculynk Special Procurement Designation for Patented Payment Solution

Acculynk payment processor announced the City of Atlanta, Department of Watershed Management’s award of a Special Procurement Designation to Acculynk. Following the Special Procurement Designation, Acculynk will offer Department of Watershed Management customers its unique PIN debit solution for processing secure online debit payments. The Company expects to deliver its proprietary solution to customers within the next few weeks. The offering is expected to open up a new payment channel to Department of Watershed Management customers, especially for those customers who utilize debit cards as a primary means for transacting. Acculynk’s PaySecure® patented online PIN pad solution permits PIN enabled debit card users to enter their PIN for e- and m-commerce, ensuring a second layer of authentication and a more secure transaction.

BPC to Unveil SmartVista for Retailers at TRANSACT 14

BPC Banking Technologies payment solutions for the global financial industry announced the launch of SmartVista for Retailers. SmartVista for Retailers is designed to help businesses of all sizes streamline payment operations while supporting the widest range of payment methods and channels. The solution provides all the capabilities needed to support today’s fast moving, competitive retail environments in an integrated, flexible and secure package. Retailers face considerable challenges in their mission to deliver what consumers want at a price they are willing to pay, backed by the convenience and service they demand. SmartVista for Retailers helps capture market opportunities by rapidly meeting the unique needs of changing markets. The solution supports single- and multi-site retailers, as well as mono-retailers and retailers with multiple departments. A full range of payment options are supported, including EMV (Europay Visa Mastercard) chip and magstripe, contactless and mobile, credit and debit cards, prepaid and virtual cards, gift cards and vouchers, ensuring retailers can offer consumers the widest range of payment acceptance. Designed to operate in a dynamic environment, SmartVista for Retailers is multi-channel, multi-currency, multi-lingual, multi-institution and multi-acquirer.