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

PNC Merchant Services launches Restaurant Tablet POS

PNC Merchant Services announced a new tablet-based point-of-sale system for restaurant owners/managers, Clover Station from First Data Corporation. It features high-resolution touch screen. cloud technology and allows merchants to process transactions even if the Internet connection is disrupted. It also offers its App Market, allowing new apps for download anytime with options to assign and transfer tables between servers, or to establish special pricing during happy hour. It also simplifies management duties for access to employee timecards, transaction reports and inventory management.

Fiserv Launches Self-Service Device Manager

Fiserv announced its “Device Manage” device monitoring, performance measurement, and service dispatch and management system is now available as a software as a service (SaaS) solution. Even in a hosted environment, users can still configure Device Manager to fit their needs. Standard reports and dashboards can easily be supplemented with customized reports and queries using an easy-to-use, drag-and-drop report designer. Device Manager provides robust device management capabilities that automate the end-to-end process of detecting and resolving problems across an organization’s self-service device network.

MCX Adds Paydiant to Power Mobile Payments

Merchant Customer Exchange (MCX) today announced that it will add Paydiant’s cloud‐based, white label platform to its custom developed mobile commerce infrastructure. MCX is a group of leading merchants dedicated to improving the shopping experience by offering consumers a widely‐accepted, customer‐focused and secure mobile commerce platform. MCX merchants represent more than 70 prominent brands with 110,000 locations that process more than $1 trillion in payments annually.

CANADIAN CARDS 2013

Credit and debit card gross dollar volume on Visa and MasterCards in Canada rose 2.7% in 2013 to $383 billion. However, on a constant dollar basis, Visa’s Canadian GDV rose 5.3% to $252 billion and MasterCard’s Canadian GDV, on a constant dollar basis, rose 6.7% to $131 billion. Visa Canada continues to rule the market with a 65.8% market share last year, compared to a 66.0% market share in 2009. Over the past five years Visa’s Canadian GDV is up 39.2%, from $181 billion to $252 billion. During the same period MasterCard has grown by 40.9% from $93 billion to $131 billion.

First Data SpendTrend Shows Shift Consumer Payment Methods

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data January SpendTrend same-store point-of-sale 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- shows dollar volume growth of 2.5%. This slowed from December’s 3.4% growth as severe winter weather pummeled the Midwest and eastern…

VISA Q4 & 2013

A bit mind boggling, but Visa Inc.’s annual global gross dollar volume is nearing the $7 trillion milestone with nearly 90 billion payment and cash transactions in 2013. If Visa Europe (which is separate from Visa, Inc.) was considered it would add at least another $2 trillion. Therefore, the Visa brand could be the $10 trillion “baby” by 2016, according to RAM Research.

Competition drives growth in European cards market

Competition among banks to gain new customers, and campaigns to replace low-value cash transactions with card payments, have driven significant levels of card issuance and rising card usage in Europe, according to RBR’s new report “Payment Cards Issuing and Acquiring Europe 2014”. A 20% rise in the number of cards in circulation between 2008 and 2012 (to reach 1.4 billion) was by far surpassed by a 40% increase in payments over the same period, as consumers used their cards more frequently for everyday purchases.

TSYS Releases White Paper on Commercial Card Growth

TSYS announced the publication of a white paper titled “Implementing a Successful Commercial Card Program in Turkey ” Avoiding Pitfalls: Lessons from the U.S. Experience.” The paper outlines the market opportunity and key drivers for commercial card growth in Turkey, drawing on experiences in the U.S. commercial card market to provide insights on accelerating card penetration. Noting key metrics that demonstrate the significant past growth and future potential of commercial cards in Turkey, the paper articulates three core benefits ” reduced costs, improved cash flow and reduced risk of non-payment ” of increasing commercial card usage for both issuers and their corporate clients. The paper further identifies three key insights for use in penetrating and developing the commercial card market in Turkey: understanding the opportunities and challenges of introducing commercial products, identifying the market opportunity by card type and exploring the importance of developing solutions specific to organization types.

Stripe Now Functional in 130 New Currencies

Stripe announced the ability for users to accept more than 130 currencies, allowing businesses to instantly begin selling in nearly any currency. Online businesses benefit from an increasingly global audience for goods and services. As more of the world comes online, it’s increasingly critical that businesses can handle the currencies of Internet trade. Stripe users in the United States and Europe can sell their products in almost any world currency. Stripe will automatically handle all necessary conversions and perform daily deposits in its users’ bank accounts. Stripe’s API, payment connectivity, and rapidly-growing global reach replace a complicated matrix of bank accounts, gateways and subscriptions managers, handles credit-card storage and fraud detection.

Yapi Kredi revamps card processing operations with SmartSoft

Kredi Bank has renewed its payment systems with SmartSoft’s OCEAN platform and completed the technological and functional transformation of its infrastructure.
Yapı Kredi renewed its card payment systems infrastructure with Cardtek Group company SmartSoft’s OCEAN platform. Complete Worldcard portfolio has been successfully transferred to OCEAN platform’s payment systems structure with the project that started in 2012. Due to this change, Worldcard products are now easy managable, flexible and designed with the latest technological infrastructure. OCEAN Payment Platform and Yapı Kredi functions were combined together to create the maximum efficiency. Credit Card Management, Prepaid Card Management, Campaign Managtement, Switch, Exchange, Authorization and Charegeback systems have all been renewed.

Schuh Deploys TNSPay Payment Processing

Schuh Retailer has selected TNSPay, the multi-channel payment gateway from Transaction Network Services (TNS), for secure, compliant payment processing across its 99 stores in the UK and Ireland. As part of a store wide chip and PIN upgrade, Schuh was seeking to move to a service provider that could deliver a higher quality of customer service and technical support through a secure, compliant solution that improved the payments experience for their customers. TNS was one of the first companies to introduce managed payments technology over 20 years ago and has grown significantly with its products and solutions now managing over 15 billion payment transactions across the world each year. TNS provides services and support to customers in over 60 countries across the Americas, Europe and Asia Pacific region, with its reach extending to many more.

NCR POS Powers Stangengrüner Mühlenbäckerei

NCR and dascus are modernizing the point-of-sale (POS) infrastructure of all 109 branches of the German bakery chain Stangengrüner Mühlenbäckerei. The complete solution consists of software and hardware along with services and support provided by dascus. Due to its design, the POS technology enables small and midsized retailers to realize significant energy savings, since it features an energy-saving processor and runs without a cooling fan. With its compact design, the technology is easy to setup and maintain. Its color and branding can be customized according to a retailer’s individual preferences and can be used either as a POS workstation or multimedia kiosk for self-service applications.