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

EVO Payments and ReD Partner

EVO Payments International (EVO) and ReD announced a global strategic partnership to deliver a powerful, fully integrated international payments fraud solution to existing and future EVO ecommerce merchants. The partnership will leverage ReD’s expertise in providing fraud solutions for all payment types and channels present in every part of the payments value chain, to deliver real-time fraud prevention capabilities to EVO’s ecommerce merchants across all of EVO’s geographic and vertical markets, including retail, hospitality, gaming, and financial services. ReD’s solution incorporates ReD Shield®, a real-time, online fraud prevention solution tailored to the requirements of major ecommerce merchants, reducing payment fraud and the need for costly manual reviews.

Global Payments aquires PayPros

Global Payments Inc. announced today an agreement to acquire PayPros which is a California based innovative provider of fully-integrated payment solutions for 58,000 small-to-medium sized merchants in the United States. PayPros delivers its products and services through a network of over 1,000 technology-based enterprise software partners to vertical markets that are complementary to the markets served by Accelerated Payment Technologies, Inc., a Global Payments company since October 2012. Under the terms of the agreement and pending regulatory approvals and customary closing conditions, Global Payments will pay $420 million in cash to acquire PayPros, inclusive of tax assets. The transaction is expected to close by the end of Global Payments’ 2014 fiscal year. PayPros’ calendar 2013 annual revenues are anticipated to be approximately $100 million. Global Payments will provide further details when the transaction closes.

ReD Partners Setcom Against CNP Fraud

ReD global fraud prevention announced a new four year agreement with Setcom payment gateway, making ReD’s industry leading ReD Shield fraud prevention solution available to Setcom’s global merchant base, as part of an integrated fraud and payments offering. The partnership will allow Setcom to offer ReD’s proven fraud and risk services to its wide range of clients worldwide. ReD will work closely with Setcom and its merchants to provide consultancy and expert risk advice to deliver tailored solutions.

Identity Protection on the Internet

Internet is very much a part of modern life; today online world has pierced in every aspect of our lives such as online shopping, banking or chatting. Not only e-commerce is continuously growing, online services from public sector are also increasingly used throughout Europe. They provide a more convenient and efficient way for the public to access their government services and reduce the frequency of the time-consuming visits to their local government offices. Prerequisite to use online public services with a secure proof of identity is an electronic identity card (eID) with security chip. One recent example of such an eID implementation was the Slovak Republic which just started to issue an eID using solely security chips from Infineon Technologies AG to store the personal and confidential data of their citizens.

Paysafecard Announces Augmented Reality to App

Paysafecard prepaid payment provider released an update of its free paysafecard app. The redesigned app offers additional features which enable customers to search for points of sale and to control their spending faster and easier than ever before. The augmented reality function 360° paysafecard shows the user sales outlets that are close to the current location. Finding the nearest outlet is therefore easier than ever before – and the app also adds an element of fun with its interactive search function. The outstanding display of 360° paysafecard allows customers to find the next point of sale in an intuitive way. In addition to the augmented reality function 360° paysafecard, the app offers many other innovative features such as the practical charging function via QR code and mobile access to the online account my paysafecard.

Judo launches mobile commerce information hub

Judo secure payment solutions for mobile announced it has launched judoHub, a repository of content and educational broadcasts to help businesses, journalists and app developers understand and learn about mcommerce and payments. Inspired by the growing number of requests judo has received from companies that want help to implement an effective mobile strategy and steer through the payments world, judo is offering a ready-to-install payment processing platform. Its built from the ground up for mobile, allowing developers to focus more time on the quality of the apps they produce. The UK ended the year with a spectacular boost for mobile purchases. Sales completed via mobile devices grew 63% year over year, and exceeded 45% of total online sales.

MoneyGram Payment Taps HI Segment

MoneyGram is offering convenient and affordable payment solutions for customers and insurance providers, working with some of the largest U.S. insurance companies to accept cash payments for premiums at more than 38,000 U.S. bill pay agent locations including CVS, ACE Cash Express, Albertsons and Walmart. Currently, MoneyGram is accepting payments for more than 200 health care companies. The health care provider will inform its customers if payments can be made through MoneyGram. MoneyGram offers same day and next day payment options.

SmartMetric Launches Micro-Operating for Payment Card Apps

SmartMetric patented payment card technology and in-card biometric products created a sub-micro operating system for nano-computers. The SmartMetric Intelligent Card OS is an operating system that unlocks new possibilities for software and app development for a payment card-sized device that has broad functionality, comparable to a smartphone or tablet. SmartMetric’s operating system is designed to run on the SmartMetric intelligent card, which combines biometrics with patented nano-computing technology, the world’s smallest fingerprint reader, an internal ARM 9 processor, processing power equal that of a PC, and up to 128 gigabytes of memory, matching the maximum memory capacity of current iPads.

Paydiant Announces Smartphone ATM Transaction App

Paydiant white-label mobile payments announced the grant of a new patent from the U.S Patent and Trademark Office (USPTO). U.S. Patent No. 8,632,000, granted on January 21, 2014, describes approaches for using a mobile device to conduct transactions at automated teller machines (ATMs). The solution enables consumers to use their smartphones, instead of their debit or credit cards, to withdraw cash from ATMs, enhancing the consumer mobile banking experience while also supporting financial institution loyalty. And because it is software-only, it can be deployed without installing additional hardware on ATMs. The Paydiant solution enables the user to get cash simply by scanning a QR code displayed on the ATM with their smartphone. The Paydiant solution also increases security by eliminating the risks associated with card skimming and PIN theft at the ATM. An ATM code or token is obtained by a mobile device and used to associate an end user and their payment accounts to a transaction at an ATM. Users can pre-stage cash withdrawals on their smartphone and then identify themselves at the ATM by scanning the transaction specific QR code that signals the ATM to dispense cash via an encrypted connection to the cloud.

Paymetric Launches Fraud Management

Paymetric payment management has launched XiVerify Fraud Management Solution. For merchants looking to expand their online business while protecting themselves and their customers with a strategic fraud management services provider, Paymetric’s solution offers a securely integrated solution that maintains PCI compliance. Paymetric has partnered with industry leading fraud management solution providers to create XiVerify, its new securely integrated offering. Merchants can select the fraud management services provider of their choice and customize the solution to meet their specific needs, while Paymetric promotes a secure environment by removing all credit card data from the merchant environment. XiSecure On-Demand For Cardholder Data, Paymetric’s tokenization solution, offers companies the opportunity to eliminate the transmission and storage of sensitive cardholder data, which radically improves data security while minimizing the scope, effort and financial burden of PCI compliance.

Gamification to Bill Pay

Fiserv, Inc. this morning announced it has added several innovative features to its flagship CheckFree(R) RXP(R) electronic bill payment service, incorporating gamification principles to make the bill payment process more intuitive and engaging. The addition of three game-inspired elements – a progress bar, tutorial elements and a gradual introduction of more advanced capabilities – is designed to boost adoption and use of electronic bill payment among online banking users. A number of changes have been made to restructure the CheckFree RXP user interface to deliver a cleaner, more modern and intuitive user experience. Several gamification techniques – taking elements of electronic games, such as how they flow or how they are designed, and applying them to non-game applications – were used in order to instill confidence in the user during their first interaction with the product.

BillingTree’s Mobile Payment For Auto Finance Industry

BillingTree® today announced a suite of new solutions that allow auto finance companies to expand mobile payment options to consumers, and to manage and extend customer relationships beyond their initial purchase through digital marketing promotions and value-added customer service. BillingTree’s mobile payment and lifecycle management solution enables customers to view and pay their bills by scanning a QR code from their smart phone and instantly access their account information and payment options. Lifecycle communications features allow auto lenders to automatically identify and execute upsell, cross-sell and promotional marketing opportunities to online and mobile customers based on their buying behavior. Both solutions are supported by BillingTree’s partnership with ZNAP™, a mobile payment and business automation platform provider.