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

Charge-Offs Among Big 6 Rise Across-the-Board

Charge-Offs Among Big 6 Rise Across-the-Board

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top 6 issuers jumped 19 basis points (bps) year-on-year (YOY) to 2.86% for the first quarter (1Q/16), and up 2 bps sequentially.  All six issuers posted sharply higher charge-offs in the first quarter. The Chase 1Q/16 charge-offs ratio inched up by 20 bps from 4Q/15 and flat…

Visa + MC International Purchase Transactions Robust

Visa + MC International Purchase Transactions Robust

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International purchase transactions (PTX) for Visa and MasterCard credit and debit cards grew by 18.9% year-on-year (YOY) in the first quarter (1Q/16). International PTX for credit cards increased 17.6% YOY while international PTX for debit cards rose 20.3% YOY in 1Q/16. In the first quarter gross international payment card PTX for…

U.K. Consumer Credit Up at a Brisk Pace in June

U.K. Consumer Credit Up at a Brisk Pace in June

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit continued to expand at a brisk pace in June, topping 10% year-on-year (YOY). In June total consumer credit grew to £186.0 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 11.0% and 10.3% respectively. The Bank of England (BOE) reports consumer credit increased by £1.8…

Debit Cards Lead Visa + MasterCard International CIF

Debit Cards Lead Visa + MasterCard International CIF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International payment cards-in-force (CIF) for Visa and MasterCard increased 6.7% year-on-year (YOY) in the first quarter (1Q/16). International debit card CIF rose 8.9% YOY, while international credit card CIF increased 3.5% YOY. MasterCard’s international debit card CIF YOY is growing more than seven times Visa’s international debit CIF. International payment card…

Briefs: BUZZ POINTS; ACCULYNK; USAT; and FRAGMOB

In Other News: BUZZ POINTS (study); ACCULYNK (Payzur); USAT (Coastal Canteen); and FRAGMOB (CMS). BUZZ POINTS – Buzz Points, the Austin-based rewards and marketing platform, announced the results of “The Total Economic Impact of Buzz Points,” a commissioned study conducted by Forrester Consulting on behalf of Buzz Points. Forrester interviewed four community financial institutions (CFIs)…

Big 6 Issuers Losing Marketshare to Smaller Players

Big 6 Issuers Losing Marketshare to Smaller Players

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Big 6 issuers, based on U.S. total outstandings of $950 billion, control 49.3% of the U.S. bank credit card business at the end of the first quarter (1Q/16). However, as a group the Big 6 lost 250 basis points (bps) quarter-to-quarter (QTQ) in marketshare to smaller issuers in the first quarter.…

PAYFORT Integrates Mastercard Payment Gateway Services

PAYFORT Integrates Mastercard Payment Gateway Services

Mastercard and PAYFORT, a major Arab online payment service provider, have announced a strategic collaboration to introduce the next generation of payment solutions – enabled by Mastercard Payment Gateway Services. Building on Mastercard’s proven approach to helping businesses create better online purchase experiences for their customers, the agreement will enable e-commerce merchants using PAYFORT’s online…