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

Higher One Acheives Validated Oracle Integration

Higher One announced from the floor of the Alliance HEUG conference (booth 706) it has achieved Oracle Validated Integration of Higher One Payment Processing with Oracle’s PeopleSoft Campus Solutions 9.0. Higher One provides payment processing to campuses across the country. For institutions, these services can offer assurance that transactions will occur in real-time and within the strictest of security standards, all through a proven integration. To achieve Oracle Validated Integration, Oracle partners are required to meet a stringent set of requirements that are based on the needs and priorities of the customers. This proven strategy can assure institutions that they can rely on Higher One’s virtually seamless processing of payments made by students and parents, including online, on-campus, international and mobile payments.

2Checkout Offers Instant Underwriting to Merchants

2Checkout now offers online retailers the ability to apply for their new merchant accounts online and be underwritten and approved instantly. No other bank or payments processor enables a merchant to start selling as quickly. A new merchant can go from application to live payment processing in seconds, versus the industry norm of weeks. 2Checkout is a global payments processor that lets online retailers accept credit cards, debit cards, PayPal, and recurring billing in 26 currencies and 15 languages. In addition to processing payments with PCI Level 1 compliance, 2Checkout also protects merchants by passing all transactions through their proprietary fraud review. 2Checkout also gives merchants options for hosted checkout, APIs for direct website integration, turnkey implementation with more than 100 shopping carts, and free mobile and tablet apps for monitoring and managing sales.

JetPay Payment Services Names EVP, Sales

JetPay Payment Services Appointed Jeffrey S. Tourek as Executive Vice President and National Sales leader. Jeff comes to JetPay from Heartland Payment Systems where he was Executive Director for Major Accounts. JetPay Corporation is a nationally recognized payments processor for all major payment cards, with vertically integrated services for businesses that include prepaid debit cards, payroll services and related payroll tax filing, and human resource management. JetPay offers a unique blend of hi-tech transaction processing with customizable solutions for a wide swath of business needs. JetPay Payment Services’ technology platform handles all types of payment transactions including swiped cards at the merchant, mobile payments, and large internet card-not-present businesses.

FreedomPay Names Vice President, Technology

FreedomPay added Marc Pereira to its executive team as vice president of technology. With nearly 20 years of e-commerce and technology experience, Pereira will be responsible for overseeing, envisioning and maintaining the company’s technology infrastructure, which covers both the development process and the network infrastructure management operations. Marc will ensure that FreedomPay’s world-leading commerce platform is constructed using best practices in security, code optimization and scalability. Pereira joins FreedomPay after serving nearly 12 years in strategic executive roles at eBay Enterprises. Marc has led project teams in coordinating complex, concurrent product development initiatives, deployment and forecasting.

CardLab Appoints New CRO

CardLab fully customized open-loop incentive and prepaid card products announced Glen Holbert has been named Chief Revenue Officer. Holbert is responsible for growing revenue by identifying new industry segments and new product innovations. He will also continue to manage the relationships with CardLab’s robust e-commerce clientele, large corporate clients and CardLab’s reseller network. Holbert joined the CardLab team in 2013 with 25 years of industry expertise, having served as Executive Vice President of Sales for Parago, a leading rebate processing company and worked with several of the nation’s leading incentive companies including MotivAction, LLC, BI Performance, Maritz Inc. and Marketing Innovators International. He holds a B.S. in Business and Marketing from Miami University.

VeriFone Posts Revenue Exceeds Guidance

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] VeriFone Systems posted fiscal 1Q/14 net revenues of $436 million and operating cash flow of $32 million. This exceeds guidance thanks in great part to operational initiatives launched in the year ago period and innovative payment as a service and commerce enablement solutions. Additional disclosure indicated service businesses achieved net revenues…

USA Technologies 4Q/13 Revenue Up 23% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies reported results for the fourth quarter and full fiscal year ended June 30, 2013. Fourth quarter highlights include a 23% increase in total revenues to $9.7 million and a 28% increase in license and transaction fee revenues to $8.2 million, representing 84% of total revenues for the quarter. Revenues…

skyauth and CreditCall Deploys mPOS at Shopping Center

Cloud commerce specialist skyauth is set to launch in Europe later this month after signing its first major customer for its mPOS solution, popuppay, which uses CreditCall’s mPOS SDK and payment gateway service. skyauth will be showcasing its mPOS solution on CreditCall’s stand 435 at RBTE at London’s Earls Court on 11-12 March 2014. Working in conjunction with We Are Pop Up, a company which connects brands and businesses to short-term retail commercial space across Europe, skyauth will be providing eight pop-up retailers within the Corio shopping centre in Berlin with its popuppay mPOS solution. skyauth has developed its mPOS product to be a complete out of the box commerce solution for small and pop-up retailers with the payment functionality provided through the use of the CreditCall software development kit (SDK) http://www.cardeasemobile.com/developers.html.

McDonald’s Deploys Seemless mPayment

The mobile payment solution SEQR is available at restaurants across Sweden and guests make purchases by scanning the unique QR-code displayed at checkout and enter their personal PIN-code. Now SEQR’s payment solution is being integrated with the existing McDonald’s app, which is one of Sweden’s most downloaded, with approximately half a million active users a month. SEQR’s self-developed technology bypasses the card companies and is independent from phone operators. This means that it can be applied to almost all payment situations; in-store, e-commerce and mobile. McDonald’s has long been in the forefront of digital initiatives and has now became one of the first companies to integrate SEQR in its own app. In order to pay guests simply choose SEQR within the McDonald’s app which then opens up automatically. If the user has not already downloaded SEQR they will automatically directed to Appstore/Google Play.

Through TPS, First Women Bank Manages Own ATM Switch, Card Management

First Women Bank migrated its ATM switch and Card Management in-house, after staying into an outsourced setup for many years.TPS worked closely with the bank and provided both the technology as well as the technical and business consultancy. Successful migration has not only improved its products and services but also lowered the recurring costs and proved to be more reliable. In-house setup improves control over operations and quality of service; reduces time to market new initiatives, removes the risk of sharing confidential information to an external entity and facilitates enhancements of products and services as per bank’s roadmap.

Heartland Payment Systems starts building new sales HQ

Heartland Payment announced the start of construction of its new facility in Edmond, Okla.. Heartland partnered with Bockus Payne to design the layout for the new building in Fisher Hall Office Park, which will utilize vintage raw materials. The new Heartland offices will feature “Industrial Era meets Modern Minimalist” interiors by mixing reclaimed wood and tufted leather sofas with glass front offices and exposed structural and mechanical systems. The interior design showcases 8×8 cubicles with sliding glass doors and large, open conference rooms made entirely of glass to promote high visibility among team members. Heartland will utilize its 13,000 square feet of space for general sales operations, recruiting and training programs.

NRF Issues Statement on PIN Essentials

The National Retail Federation issued the following statement from Senior Vice President and General Counsel Mallory Duncan in response to Visa and MasterCard forming a new cross-industry group focused on enhancing payment system security:

“We remain insistent that U.S. retailers’ customers be given the same protections as consumers in more than 80 countries who have both a chip and a PIN securing their credit and debit cards. There is no single solution to the complex issue of criminal hacking and we know PIN and Chip is just a bridge on the long road to a safer payment system, but it is an important step in the right direction.

“We appreciate being involved in meetings with other stakeholders such as the one hosted by Visa and MasterCard last week. While we certainly agree that speed is of the essence, we don’t believe that is an obstacle to introducing PIN and Chip cards since the technology is well established and the cards are widely used around the globe.

“Easy-to-forge signatures are a virtually worthless form of authentication. Insisting on chip-and-signature cards is like installing an alarm on the front door of a home while leaving the back door wide open. It doesn’t make sense when the technology exists to secure the entire house.”