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

FIS Fosters US EMV Adoption with Visa Agreement

FIS and its NYCE® Payments Network announced a licensing agreement to make the Visa® EMV® debit solution available to all NYCE participants. This agreement furthers the U.S. payments industry goal of EMV adoption and is NYCE’s first formal EMV license, which can be used by NYCE Network participants with respect to Visa card products. Fundamental to the agreement is the support of key NYCE participant business flexibilities, including portability between debit networks for issuers, routing choice for merchants at the point of sale and issuers at NYCE ATMs. At the same time, it ensures that NYCE will have access to Visa EMV technology in perpetuity to support NYCE clients and NYCE will be able to support transactions using all authentication types.

U.S. Bank Brands Small Business Payment Products

U.S. Bank announced “U.S. Bank Business Edge,” a new brand for its small business payment products. The Business Edge family also includes a new product: the U.S. Bank Business Edge SelectTM Rewards card. The card lets card owners earn triple points on net spending by choosing one of three categories (day-to-day expenses, automotive, or travel and entertainment), and one point for each dollar in net spending for everything else. Flexible redemption options include a choice of gift cards, merchandise, travel or a statement credit. Other benefits include: no annual fee, no cap on points earned and 0% APR for nine statement cycles on purchases. The new family includes the “Business Edge Cash Rewards Card,”
“FlexPerks Business Edge Travel Rewards Card,” “Business Edge Platinum,” “Business Edge Charge Card” and “Business Edge Check Card.”

Transactis Transaction Hub Deploys eMoney Platform

Sopra Banking Software implemented an electronic money platform at Transactis French electronic transaction hub – for Société Générale, La Banque Postale and Crédit du Nord.
This fully operational platform uses Sopra Banking Cards-Issuer for contract and support management, as well as associated payment and withdrawal activities. A common electronic money platform for Société Général and La Banque Postale, allowed a common transaction system. At the end of 2012, Transactis was already managing two billion transactions per year for both banks. Sopra Banking Cards-Issuer offers an open, flexible architecture and comprises a number of pooled services that benefit all of its customers. These services include a multitude of visuals, a reduction on card production delays, mobile payments, payments without contract and post-personalization.

Spire Payments buys Altius Plus

Spire Payments announced the acquisition of Altius Plus, recognised experts in the development of payment applications, terminal management systems, loyalty schemes, ticketing solutions and client server-based architectures within the payments industry. Altius Plus will become Spire Payments Eastern Europe LCC, a wholly-owned subsidiary of Spire Payments and will play a pivotal role within the business to cement its position as the third largest PoS vendor in Europe. Altius Plus was founded in 2006 by payment industry experts who had accumulated over a decade’s worth of experience working as part of the Hypercom Corporation team in CEE.

Green Dot to Streamline Prepaid Card Reloading

Green Dot Corporation announced a new reload technology and consumer process designed to improve the retail cash reloading experience for its millions of Green Dot Reload Network users. Reload @ the Register is powered by Green Dot’s highly scalable and market-proven “SwIT” (Swipe Interface Technology) functionality. This real-time technology is designed to make reloading cash onto a prepaid card faster, more convenient, more efficient and more intuitive for the customer than using a paper reload “chit,” which is a method commonly used today by Green Dot and other competing reload network providers. The Green Dot Reload Network was invented in 2002 as the prepaid industry’s first cash reload service. Today, The Green Dot Network is America’s leading reload network used by all Green Dot Bank programs and also by more than 150 other banks and prepaid program managers in order to facilitate cash reloads to their respective program’s cards.

Xoom Announces Instant Deposit Service

Xoom Corporation today announced a partnership with HDFC Bank Limited (HDB), by offering instant deposits to INR denominated HDFC Bank accounts in India. This breakthrough service allows Xoom customers to instantly deposit money directly into their recipients’ HDFC Bank accounts in India. The instant service is available 24 hours a day, seven days a week, 365 days a year–even on banking holidays.

Oink Partners with Visualsoft

Virtual Piggy, Inc., provider of innovative safe youth payments technology, Oink, today announced that it has partnered with Visualsoft. Visualsoft is one of the UK’s leading eCommerce agencies, providing web and e-commerce services to over 1,000 UK businesses and have today announced a partnership Oink to deliver a safe and secure payment solution for youth-market focused eCommerce sites.

Square Launches Software Platform

Square launched its software partner platform, collaborating with third parties to build new applications that complement Square’s suite of business services. The launch extends Works with Square, a program launched earlier this year to connect customers with more tools for their businesses. The new Xero integration is Square’s second available in the U.S. Since November, thousands of sellers have been saving time and improving accuracy with Square’s integration with QuickBooks, seamlessly importing their Square sales data into QuickBooks each day. “The Square/QuickBooks integration couldn’t have come at a better time for our growing business. It has been nothing short of a miracle and has given us so much time back.” says Jess Hughes of Tad Hughes Custom Fit Studio in Houston.

U.S. Bank E-Payment Service Kiosk

Companies, utilities, government entities and nonprofits that accept electronic payments from their customers can now collect those funds on-site with new E-Payment Service Kiosks from U.S. Bank Global Treasury Management. Similar to an ATM, U.S. Bank’s E-Payment Service Kiosks are customizable, free-standing units available to businesses, nonprofits, utilities and other billers that want to give their own customers the option to conveniently and securely pay bills on the spot.

Reload @ the Register by Green Dot

Green Dot Corporation today announced a new reload technology and consumer process designed to improve the retail cash reloading experience for its millions of Green Dot Reload Network users. Reload @ the Register™ is powered by Green Dot’s highly scalable and market-proven “SwIT” (Swipe Interface Technology) functionality. This real-time technology is designed to make reloading cash onto a prepaid card faster, more convenient, more efficient and more intuitive for the customer than using a paper reload “chit,” which is a method commonly used today by Green Dot and other competing reload network providers. Green Dot’s SwIT technology hit a major milestone in 2012 when it joined Walmart Rapid Reload™ and will now roll out to most of Green Dot’s other retail partners by the end of 2014.

2Checkout announces Inline Checkout

2Checkout announced Inline Checkout, a hosted payments processing platform that empowers online merchants with a seamless, streamlined checkout experience. This sleek addition integrates directly with any e-commerce website, creating an uninterrupted checkout that maintains the look and feel of the host’s design. The solution offers complete control to the seller while offering PCI compliance and state-of-the-art fraud protection. Adaptable and secure, Inline Checkout is the hosted platform that provides online sellers with the most flexibility and support in one package.