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.

Boku and Sunhill Partner

Boku, Inc., and sunhill technologies today announced a partnership to make direct carrier billing available worldwide for sunhill’s services. sunhill technologies provides mobile solutions to customers seeking cashless alternatives for parking. In partnership with Boku, customers looking for a simple, secure mechanism to pay for parking will enjoy a seamless mobile transaction where their parking payment is billed directly to their mobile phone bill or deducted from their prepaid phone balance.

MasterCard Agrees to Invest in Monitise

MasterCard today announced the intention to enter into a commercial agreement with Monitise plc to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide. MasterCard also intends to make a minority investment in Monitise. The combination of MasterCard and Monitise’s complementary expertise in developing mobile platforms for commerce and banking is anticipated to result in additional innovative and secure solutions.

Worldline Implements Pay.On Gateway

PAY.ON omnichannel payment infrastructure systems, and Worldline, Atos subsidiary for e-payment services, announce a premium strategic partnership to enlarge Worldline’s international e-payment acceptance coverage. Worldline now strengthens its worldwide positioning to better support its customers when operating cross-border and entering new markets and countries. With Atos Worldline, PAY.ON gains another partner, delivering its clients a further connection to the French market. The integration into the PAY.ON Payment Gateway facilitates Worldline the immediate access into a high-performance payment gateway, the processing of transactions in more than 100 countries, and access to more than 350 payment providers and 150 payment brands over a single API. With this enriched geographical coverage, Worldline will be able to even better satisfy the growing needs of its customers, currently spread in 17 countries, and leverage their business globally: Worldline clients can now easily connect to a wide range of foreign acquirers and payment methods for processing of local payment transactions worldwide.

ebpSource to Market Encap mAuthentication

ebpSource is pleased to announce an agreement with mobile authentication specialists, Encap Security, to market its Smarter Authentication solutions globally. The agreement means ebpSource will offer Encap’s products to new and existing clients in the banking, telecoms, payment processor and service bureau sectors. Smarter Authentication™ is a new approach to online and mobile banking and payment authentication that uses software-based, banking-grade technology to deliver an exceptional customer experience without compromising security. Encap Security’s Smarter Authentication™ is a superior solution to existing hardware and software-based authentication offerings that are both costly and cumbersome for service providers. Smarter Authentication™ allows organisations to deliver innovative services that have been proven to not only reduce risk but also boost online and mobile adoption and transaction rates. Once a user’s device is paired, the user will be asked to identify themselves using a PIN. The device becomes “something you have” and the PIN is “something you know” allowing multi-factor authentication to be delivered with a one-factor user experience. For non-smart mobile devices there is also an SMS alternative. Through the partnership with ebpSource, the Encap-enabled app will be integrated server-side to enterprise systems, online services, identity management, transaction databases and payment processes.

Wirecard adds HCE support to mobile wallet platform

Wirecard AG has now integrated host card emulation (HCE) into its Mobile Wallet Platform to better allow telecommunications companies, financial service providers, banks and retailers deploy mpayment NFC solutions. HCE makes it possible to carry out secure, NFC-based transactions for payments and services via mobile apps, regardless of whether a physical secure element (SE) is available on the mobile phone. All data generated during a transaction is therefore no longer stored on a hardware component, but instead on a secure centralised server. NFC host card emulation technology is already standard in Android devices starting Version 4.4. Wirecard emulates a one-off token per transaction, which is used in the EMV transaction, replacing the original card data, which is saved in a PCI-compliant database in a secure server environment.

Credit Card APRs Creep above 15% Mark

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs are down .1% from the February figure to 15.01% after averaging a meager .04% change over the past year. This reignites the momentum to the ebbing 2014 APR credit card averages and is first time APRs have dropped the entire year. This also follows a relatively lengthy…

FircoSoft Adds RTM to Partner Network

FircoSoft, the leading global provider of watch list filtering solutions, announced today that Rede de Telecomunicações para o Mercado (RTM), a Brazilian Service Bureau, went live with Firco Continuity. Founded in 1997, RTM, a leading service provider in Brazil, offers outsourced SWIFT connectivity to over 35 Brazilian banks. Today, five banks are using the Firco Continuity transaction filtering service provided by RTM and “powered” by FircoSoft to detect and block transactions including listed parties list, and eliminate the risk of processing illegal transactions.

HSBC Boasts ISA Through Latest App

HSBC customers can now open a Loyalty Cash ISA on the go via their HSBC mobile banking app, which rewards customers with a loyalty rate when they pay at least £1 into the ISA each year (currently between 1.4% and 1.6% AER variable depending on the current account they hold). It is the first time the bank has offered an account opening service to mobile banking app users. Customers will be able to apply quickly and easily, transferring money into their ISA as soon as it is open. The application form will be pre-filled with their personal information, and it takes just three clicks to open the account and transfer funds in, all of which happens in real time. All existing app users will receive this feature through an automatic update.

MoneyGram Enhaces Post Office Relations

MoneyGram global money transfer and payment services extended its exclusive relationship with Post Office Limited. This allows customers to send and receive funds at over 11,500 Post Offices across the UK. The Post Office, which serves almost 18 million people a week, has been a MoneyGram agent since 1997. MoneyGram and the Post Office’s network are committed to meeting the needs of consumers who want convenient, reliable and fast money transfer services.

CardConnect Deploys Ingenico EMV Acceptance

CardConnect has deployed Ingenico as their EMV chip-based payment acceptance technology and point-to-point encryption (P2PE) co-development partner to their 50,000 merchant customers in the United States. CardConnect is leveraging the entire value chain of Ingenico’s payment offerings from EMV- and NFC-ready payment devices to highly trusted On-Guard data encryption solution. The all-integrated payment processing solutions will enable merchants to secure cardholder data and conveniently accept all payment means across multiple channels, including in-store, mobile, and unattended transactions.

InterWallet Signs 1000 Store Deal

InterWallet entered into an agreement to place 1,000 of its multi-functional kiosks with Open Payment Solutions, LLC. InterWallet manufactures cutting edge ATM like kiosks capable of providing a multitude of services to mainstream America including access to 10,000 Billers (bill pay), Phone Cards, Pre Paid Debit Cards, Movie and Show tickets as well as the capability to offer a multitude of services to the under banked and un-banked.