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.


Middle East and Africa segment of MasterCard’s Asia-Pacific-Middle East-Africa region (APMEA) iexploded in 2013 with a number of new cards entering the market, proliferation of mobile payments and Shari’a compliant MasterCards. At the end of the third quarter there were 410 million cards issued in the APMEA region. Gross dollar volume for the third quarter was $410 billion. MasterCard will release fourth quarter and annual results on January 31 before the market opens.

Zenmonics MobileBANKER

Zenmonics Inc. announced that Bank of North Carolina (BNC) has adopted the Zenmonics mobileBANKER platform to transform its customer sales and service capabilities. By combining data and services from disparate bank systems, Zenmonics mobileBANKER delivers a complete array of sales, marketing, transaction and account services functions through a single interface on a secure, mobile tablet device. Bank personnel can work with a client from virtually anywhere – inside the branch or out – without having to toggle between various systems and applications.

Jack Henry Announces Latest SilverLake Bank Client

Jack Henry & Associates is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced that Merchants Bank has selected its SilverLake System® core processing platform to provide enterprise-wide automation. This Vermont-based mid-tier bank will implement SilverLake through Jack Henry Banking’s outsourced offering, JHA OutLink Processing Services.

FIS Reins on U.S. EMV Smart Card Transition

FIS is furthering EMV production and transitions with its programs for more than 50 financial institutions over the last 12 months. Offering implementation and issuance programs for providers looking to upgrade to the EMV standard used across most of the world, FIS has taken a leading role in several EMV initiatives that support financial institutions, retailers, government entities and individual consumers. Through its NYCE Payments Network, FIS is one of 10 founding members of the Debit Network Alliance (DNA). A collaborative effort of 10 of the largest debit PIN networks, Debit Network Alliance is working to create a standard for EMV debit card processing that will meet Durbin Amendment rules and allow for an open and competitive debit network marketplace. Its Travel EMV Prepaid Card program allows banks to quickly and easily sell prepaid smart cards to customers without implementation costs.

Clinkle Names New CFO

Clinkle Corporation announced the appointment of Mike Liberatore as chief financial officer. Liberatore joins the company from PayPal, where he served as senior director of large enterprise finance and the North America financial planning and analysis (FP&A) group. Earlier, Liberatore was based in Singapore and served as senior director of finance for Asia-Pacific, during which time he helped triple the APAC business over four years. Before PayPal, Liberatore worked at eBay in several roles, including director of corporate FP&A. Previously, Liberatore held a variety of financial positions at Adobe Systems, Intel Corporation, and Hewlett-Packard.

Chase 2013

The #1 credit card issuer in the U.S. (based on outstandings) and the #1 global Visa issuer (based on consumer and business card sales) posted an 11% gain in credit card purchase dollar volume and a 14% gain in merchant processing volume in the fourth quarter.

At year-end, Chase had 65.3 million open credit card accounts and 32.3 million active credit card accounts (or 50%). Chase opened 2.4 million new credit card accounts in the fourth quarter (59% via online), but the gross number of accounts only grew by 300,000. For the full-year credit card purchase dollar volume rose 10% over 2012 with $419.5 billion. In the fourth quarter purchase dollar volume increased 11% to $112.6 billion.

Multiservice Payment Deploys BPC SmartVista Customs Payments

BPC Banking Open System payment solutions launched a new system which dramatically improves the choice and convenience for customs payments users. The new web-portal for customs payment clearance for customers and the e-declaration service via POS terminals and the internet helps Multiservice Payment System offer improved levels of customer service. SmartVista’s sophisticated capabilities enable Multiservice Payment System to streamline the processing with bank-acquirers and to rapidly launch new services. By providing customers with 24/7 access to the service, the company Multiservice Payment System has been able to significantly reduce costs and workloads on customs offices, while also offering clients a secure, quick and easy to use service. The development, implementation and deployment of the solution, including integration to a number of external systems were completed in only 2 months.

State Bank of India to Deploys OKI ATMs

KI announced the delivery of cash-recycling ATMs, ATM-Recycler G7, to State Bank of India, OKI’s first delivery of its cash-recycling ATM in India. The number of ATMs and CDs operating in India reached 140,000 units in 2013, making it the third largest market in Asia, following China and Japan. The number is expected to continue increasing and approximately double by 2016 due to the Financial Inclusion*1 set by the Reserve Bank of India. Building on the delivery to SBI and leveraging cash-recycling ATMs that contribute to banknote and operation management, OKI aims for 25% share in unit shipments of the Indian ATM market. OKI plans to accelerate global sales development of its ATMs and aims for 40% market share in the global cash-recycling ATM market, namely in emerging markets, where economic growth is expected to continue.

EMP Group Furnishes Credit System Support for Woolworths

Woolworths Financial Services entrusted the management of its credit processing and account management systems to the EMP Group for the next five years. WFS is the financial services joint venture between Barclays Africa Group (formerly known as Absa), and the continent’s foremost food and clothing retailer, Woolworths. WFS provides a broad range of financial services products to more than 1.8 million customers in South Africa and Namibia including store cards, Visa credit cards, personal loans, and insurance. Emerging Markets Payments payments solutions provider and processor provides innovative payments solutions to more than 140 banks and 30 000 merchants in 45 countries and operates processing platforms in South Africa, Nigeria, Egypt and Jordan.

Rev Worldwide and UnionPay International Announce Prepaid Partnership

Rev Worldwide and UnionPay International announced Rev Worldwide is now a UnionPay International registered non-bank third party service provider focused on prepaid products. The relationship seeks to grow prepaid market opportunities around the world, leveraging Rev’s proprietary global processing platform, prepaid product set, program management services, mobile and multi-currency platform innovations, along with UnionPay’s international issuer network, leading merchant acceptance network in China, and corporate partnerships. Rev’s proprietary processing platform is currently utilized across the world, responsible for various firsts in the global prepaid industry, and has integrated services that have pushed the travel, mobile and general purpose reloadable segments forward. Beyond its global payments processing capabilities, the company provides key program management services and overall strategic support to partners, allowing them a faster time to market with more flexibility, from product design to implementation and growth.

RMB breaks into the top ten most-used currencies for payments

A symbolic milestone has been achieved by the Chinese currency, as in both November and December 2013 it was one of the top ten most-used currencies for payments in terms of value.
Over the past three years, the RMB overtook 22 currencies, most recently the Singapore Dollar and the Hong Kong Dollar, and is now trailing the Swiss franc 1.12% to 1.29%. RMB payments remain concentrated in Hong Kong, which has a 74% market share in terms of value, with strong growth seen in the United Kingdom, Singapore and Taiwan.

Datum Datacentres Meet PCI DSS Compliance

Datum Datacentres is now PCI DSS compliant. Datum provides secure co-location to enterprise and service providers within its highly resilient data centre. The Datum PCI is underpinned by its secure facilities, specific and documented processes, advanced technology and by its people. Focusing on robust and comprehensive standards to enhance payment card data security, the PCI Security Standards council helps organisations ensure the safe handling of cardholder information at every step. The keystone is the PCI DSS which provides a framework for developing a robust payment card data security process.