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

UnionPay Mobile QuickPass Enters North America

UnionPay Mobile QuickPass Enters North America

China’s UnionPay reports a number of daily-spending merchants in Canada start to accept UnionPay mobile QuickPass, which marks the debut of the service in North America. Previously, there have been over 220,000 POS terminals in Hong Kong, Macau, Taiwan, South Korea, Singapore and Australia that accept UnionPay mobile QuickPass. The merchants accepting mobile QuickPass this…

Bank Audi and Verifone Team for Cashless Payment Solutions

Bank Audi and Verifone Team for Cashless Payment Solutions

Bank Audi, Lebanon’s largest bank, has teamed with Verifone to provide thousands of merchants with point-of-sale (POS) devices designed to bring new payment and commerce capabilities to the country’s expanding retail market. The deal is part of the country’s retail infrastructure upgrade. Supporting Bank Audi’s merchant services in both countertop and mobile retail sales environments,…

Gross Transactions YOY in Double-Digits Driven by Debit Cards

Gross Transactions YOY in Double-Digits Driven by Debit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 16.6% year-on-year (YOY) in the first quarter (1Q/16). International GTX for credit cards increased 11.9% YOY while international GTX for debit cards soared 20.9% YOY in 1Q/16. In the first quarter gross international payment card GTX for…

Early Stage Delinquency Hovers at Record Lows

Early Stage Delinquency Hovers at Record Lows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Early stage delinquency (30+ days) among the nation’s top 6 issuers declined six basis points (bps) sequentially in the first quarter (1Q/16) to 1.75%, but remains one bps above last year’s 1.74%.  Five of the Big 6, including Chase, Bank of America, Capital One. Citibank, and Discover, posted lower or flat…

Big 6 Late Stage Credit Card Delinquency Flat Sequentially

Big 6 Late Stage Credit Card Delinquency Flat Sequentially

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s six largest issuers was flat sequentially, to 0.92% for the first quarter (1Q/16), but up 4 basis points (bps) from one-year ago (YOY). Three issuers were flat or down sequentially. The AmEx 90+ day delinquency rate remained flat…

U.S. Consumer Credit Ramps Up in June

U.S. Consumer Credit Ramps Up in June

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. consumer revolving credit card soared in June, growing at an annual rate of +9.7%, compared to a revised +2.2% annual rate in May and a revised +1.3% annual rate in April. Overall consumer credit increased at a seasonally adjusted annual rate of +4.1% in June. Non-revolving credit increased at an…

Australian Consumer Credit Rises Moderately in May

Australian Consumer Credit Rises Moderately in May

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.6% year-on-year (YOY) in May. Credit card credit limits increased 3.1% YOY and the number of credit card accounts rose 2.2% YOY. The average balance per account in May declined 1.5% YOY to AU$3147, compared to AU$3149 for April, and AU$3196 for May 2015.

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