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.

Visa Asia Pacific PDV

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After two Q3 blips since 2006, the payments dollar volume (PDV) for Visa cards in the Asia-Pacific (AP) region has been on the rebound. According to CardData, Visa posted a year-on-year gain in the third quarter of 13.5%, compared to 8.2% in the third quarter of last year. Growth through the…

NFC Forum Announces New Vice Chairmen

The NFC Forum announced two newly elected Vice Chairmen of its Board of Directors, Trevor Pavey of Broadcom Corporation and Alexander Rensink of NXP Semiconductors. A senior product line manager at Broadcom, Trevor Pavey is a seasoned high tech marketing executive with eight years of RFID and wireless expertise coupled with 17 years of experience in semiconductor technology, marketing, business development, applications, and design. During his tenure at Broadcom, Pavey has been responsible for ecosystem management, including Broadcom’s relationships with the major payment associations and mobile carriers. Earlier in his career, he was instrumental in launching the NFC business at Texas Instruments. Alexander Rensink is strategic marketing director in the Identification business unit at NXP, which he joined in 2007. At NXP, Rensink focuses on the significant potential for identification technology in the mobile market with the goal of expanding the deployment of NFC-based solutions into mobile phones and tablets. In this role, he has had considerable experience in working with both infrastructure suppliers and application developers to deliver end-to-end solutions for vertical markets.

Datacard to Acquire Entrust on Transaction Security

Datacard Group signed an agreement to acquire Entrust. The acquisition builds on the strengths of each company to enable its customers and partners to deliver better services in highly connected environments. The acquisition is expected to close on December 31, 2013, subject to regulatory approval and customary closing conditions. The combined entity will employ nearly 2,000 professionals, leveraging hundreds of channel partners to serve tens of thousands of customers. Together the company will enable its customers to issue over 10 million physical identities daily, handle over 200 billion transactions a year, and manage billions of identities, including the majority of payment cards and identification solutions in more than 100 countries.

Picking Up New Accounts

New bank credit card account openings are finally picking up after three years of very sluggish growth. Chase opened 1.7 million new credit card accounts in the third quarter, compared to 1.5 million in the second quarter, and 1.6 million one-year ago. Bank of America reported it opened more than one million new credit card accounts in the third quarter, compared to 957,000 in the prior quarter and 857,000 in the prior year quarter. While Citibank does not break out new account openings, its Citi-branded card base grew 3% since last year from 23.1 million accounts to 23.8 million accounts in the third quarter of this year.

More Americans Increasing Holiday Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] More Americans say they will increase spending and fewer say they are cutting back on expenses, according to the results of a recent Citi national survey, with only 35% planning to spend than in 2012. Of those surveyed, 63% plan to spend more (11%) or the same (52%) on holiday shopping…

Fime Announces Eastward Expansion

Fime has expanded its global network with a new laboratory, allowing EMV payments and NFC stakeholders in to utilise Fime’s global secure chip and mobile device testing, and compliance expertise. FIME, an advanced consulting and test services provider for end-to-end secure transactions, has opened its Japanese operation in order to better service demand from its ever-growing customer base in the Asia-Pacific region. From launch the team will provide mobile payment device testing for compliance to EMVCo Contactless Level 1, MasterCard Mobile PayPass specifications and JCB’s new J/Speedy™ EMV contactless payment scheme. The laboratory will offer consultancy services to support EMV and NFC stakeholders in understanding the secure-chip testing and certification landscape to ensure new products are brought to market successfully and efficiently.

Vodafone Launches SmartPass

Vodafone Germany is launching its new mobile wallet with the integrated Vodafone SmartPass Visa payment application. The Wirecard Group will be handling all technical and financial services for the Vodafone SmartPass card solution from Vodafone. This includes issuing both plastic and digital Visa cards for the wallet through the Wirecard Card Solutions subsidiary. The Vodafone SmartPass payment app is now being launched in Dusseldorf, where there are already around 800 NFC acceptance points. In the first quarter of 2014, the service will be successively expanded across the whole of Germany. Customers with an NFC-enabled and wallet-certified smartphone receive a SIM card with the relevant NFC function and can then pay with their Vodafone SmartPass credit at all Visa-certified contactless terminals.

PayPal Announces Contactless Payment Service Available

Paypal announced participating merchants can offer their customers a walletless transaction. All that’s needed is a smartphone and the PayPal app. With the new “Shops” tab, customers show the merchant that they are in their place of business, whom then sees the customer’s profile image and can process the payment via the customer’s PayPal account. The customer then receives a confirmation of the amount they paid as well as a receipt. Merchants of all sizes can be an active part of the innovative future of commerce.

Tieto wins United Financial Corporation contract

United Financial Corporation (UFC) has switched to a new type of support services – Platinum support, ensuring highest quality support of Tieto Card Suite software, as well as additional value added services. The program now includes technical and operational audits, dedicated specialist visits, training, and other activities aimed at improving UFC’s internal processes. UFC’s goal was to establish a stable platform and bring innovative and reliable interbank processing services to the market. Since the start of using Tieto’s Platinum services in 2012, multiple audits have been conducted providing UFC with recommendations from technical as well as business point of view. New efficient change and problem management procedures have been established, and UFC have also enhanced their expert skills.

Electronic Payments Coalition Issues Statement on Interchange Fee Settlement

The U.S. District Court for the Eastern District of New York approved a settlement in the legal dispute between retailers, payment networks and nine major card issuers over interchange fees and rules. The Electronic Payments Coalition subsequently issued the following statement:

“The long political conflict over interchange fees is finally over, settled by a well-established legal process, which brought together retailers and the card industry for a negotiated resolution. After years of mediation, dozens of meetings, and millions of pages of evidence, the parties involved have willingly agreed to settle their dispute. This settlement is in the best interest of all involved parties and that has been proven today with the court’s final approval.”

First Data Partners Tim Hortons on mNFC payments

Tim Hortons announced new mpayment options, now available at participating restaurants throughout Canada and the United States guests using BlackBerry® 10 smartphones (including the BlackBerry® Q5, BlackBerry® Q10, BlackBerry®Z10 and BlackBerry® Z30 smartphones) will be able to register a Tim Card on the TimmyMe™ mobile app and use near field communication (NFC) tap-to-pay technology to complete their order. This is one of the first integrations of an NFC based stored value card solution with existing payment terminals. Future development plans will also see this platform expanded to Android 4.4 devices. Tim Hortons has also launched a barcode payment pilot program in the Niagara region in Canada and at select USA Tim Hortons Cafe & Bake Shop restaurants. Tim Hortons has partnered with First Data to deliver tap and scan payments through their mobile gateway technology.

US PIN Debit Networks Announce EMV Alliance

US-based PIN debit networks partnered to forge the Debit Network Alliance, to provide a structure for the governance, deployment and implementation of the EMV debit standard. The goal of this collaborative effort is to help facilitate the adoption of an interoperable EMV standard for debit payments in the U.S. through a common governance structure that fosters regulatory compliance, equal access and ability to innovate for all debit networks, routing choice for merchants, and portability for issuers. The debit networks have a long history of collaboratively working together – especially with regard to improving security – to define standards that maintain the integrity and quality of the U.S. payment industry. In particular, the networks have been working together on chip standards under the support of the Secure Remote Payment Council’s Chip and PIN Work Group since April 2012.