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.

ACI Completes Acquistion

ACI Worldwide announced it has completed the acquisition of Official Payments Holdings, Inc., a leading provider of electronic bill payment solutions. Under the terms of the agreement, ACI Worldwide acquired Official Payments in an all-cash transaction for $8.35 per share. Official Payments currently has more than 3,000 customers representing access to over 100 million end users. The company processes approximately 20 million payments and over $9 billion in volume annually.

Fiserv Debuts mSales Solution for FIs

Fiserv launched “Sales Enablement” mobile sales solution that enables financial institutions to become more effective and efficient at selling their products thereby accelerating revenue, reducing costs and streamlining hand-offs to operations. Using Sales Enablement from Fiserv, a financial institution’s account executives can walk into a prospect’s office to introduce their institution and its products and services, carrying only a tablet. With assistance or self-navigation, the solution shows available options and then the customer can enroll and sign the required forms. Sales Enablement is currently available for the Apple iPad, with support for additional mobile platforms to be announced. Sales Enablement from Fiserv is an interactive, fully customizable brand and message-focused tool designed to elicit a more personal, dynamic sales conversation. It eliminates paper and disparate tools by combining email, documents, collateral, video, ROI and pricing calculators into a single solution that is connected to the financial institution’s existing sales management, onboarding and core systems.

PCI Council Publishes PCI DSS and PA-DSS Version 3.0

The PCI Security Standards Council (PCI SSC), an open, global forum for the development of payment card security standards, published version 3.0 of the PCI Data Security Standard (PCI DSS) and Payment Application Data Security Standard (PA-DSS). Available now on the PCI SSC website, version 3.0 becomes effective on 01 January 2014. Version 2.0 will remain active until 31 December 2014 to ensure adequate time for organizations to make the transition. Changes are made to the standards every three years, based on feedback from the Council’s global constituents per the PCI DSS and PA-DSS development lifecycle and in response to market needs. Proposed changes for version 3.0 were shared publicly in August, and Participating Organizations and assessors had the opportunity to discuss the draft standards at the 2013 Community Meetings prior to final publication.

The Unique Concept of Shared Branching

With the “credit union movement” offering service to members of individual credit unions nationwide. CO-OP ATM, managed on behalf of 3,500 client credit unions by CO-OP Financial Services, is a network of 30,000 ATMs across the country. members (customers) of participating credit unions to access their accounts without incurring a surcharge fee. At 30,000 ATMs, the credit union network is larger than the biggest dedicated bank network. These ATMs can not only be found on the premises of credit union branches, but in thousands of retail locations such as 7-Eleven, Walgreens and Costco. Credit union members can easily find out if their credit union belongs to CO-OP ATM by visiting Or, if they have a debit card from their institution, they can simply turn over the card, and they will more than likely discover the red triangle logo of the network.

Fiserv Names Group President, Depository Institution Services

Fiserv named Byron C. Vielehr group president of its Depository Institution Services group to oversee the Company account processing businesses, which serve banks, thrifts and credit unions. Bringing more than 25 years of technology and financial services experience to Fiserv, he most recently served as President of International and Global Operations for Dun & Bradstreet as Chief Information Officer in 2005 and then in leadership of its North American business, Global Risk Management Solutions, and D&B Sales and Marketing Solutions. Vielehr holds a master’s degree from The Wharton School of the University of Pennsylvania and a bachelor’s degree from Drexel University.

American Express Partners Emirates

American Express welcomes Emirates Skywards to the industry-leading Membership Rewards program, letting members transfer points into the Emirates Skywards program and redeem Skywards Miles for travel on one of the world’s leading airlines. To celebrate the relationship, American Express and Emirates will offer a limited time transfer bonus. Eligible Card Members in the U.S, U.K and France who transfer points to Emirates Skywards between November 8 and 21 will receive a 25% bonus. During this promotion, eligible Card Members can transfer as few as 60,000 Membership Rewards points to Emirates Skywards and book an Economy Class return ticket on Emirates between JFK and Dubai.*Reward flights are available to over 136 destinations on the Emirates network.


[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor fell 3.8 points in October to 87.9, as consumer confidence in the economy and their personal finances slid to two-year lows. The decline in confidence correlates with a drop in discretionary spending intentions in most categories surveyed. The Monitor is a 6-year-old daily poll tracking economic…

Payfirma To Provide mPayment Processing Services To CIBC

Payfirma mpayments partnered CIBC to offer its services to CIBC business banking clients who are seeking solutions for accepting payments from clients using mobile devices. Payfirma offers a range of hardware and software solutions on a single platform to help businesses accept debit and credit card payments in stores, online through their company website, or remotely using smartphones and tablets as mobile terminals. Leveraging existing assets such as smartphones and tablets lowers the cost of entry for small businesses who are seeking to expand the payment options available to their clients, and also enables businesses to collect payments anywhere with cellular service.

EVO Acquires Banco Popular Merchant Acquiring

EVO Payments completed its acquisition of a controlling interest in Banco Popular’s merchant acquiring business in Spain. Banco Popular’s merchant acquiring business will now operate under the name Popular Payments. The acquisition also includes a ten year marketing alliance in which the Bank will exclusively refer its merchant customers to the joint venture for merchant acquiring services.

Actis Acquires Paycorp

Transaction Capital advised its shareholders that all conditions precedent to its sale of Paycorp Holdings (Pty) Ltd to global private equity firm, Actis, have been fulfilled and/or waived and that the transfer of ownership has been concluded. The transaction was announced in August this year and sees Actis becoming the majority shareholder of Paycorp, one of South Africa’s leading independent payments groups. Paycorp founder and CEO, Steven Kark and his executive team, are co-investors. The deal includes the entire issued share capital of Paycorp and its subsidiaries: ATM Solutions, DrawCard and EFTPOS.

Sprint and Mako Networks Offer Simple PCI-compliant Solution

Mako Networks and Sprint teamed to add the Mako System to Sprint’s portfolio of solutions for retailers and distributed enterprises. U.S. customers can now purchase Mako’s solution integrated with Sprint’s wireless service to connect, protect, control and secure their data and payment transactions. The Mako System creates simple, secure PCI DSS compliant networks for distributed enterprises (multisite businesses), such as retail chains or franchises. With an easy-to-use cloud-based Central Management System (CMS), Mako allows administrators to manage the network connections at thousands of sites through a single Web interface, without jeopardizing their networks’ PCI-compliant status. The solution also includes built-in Wi-Fi and Mako Guardian content filtering and reporting, in addition to an array of other value-added features, including extensive 24×7 monitoring and alerts to help maintain network security.

USA Technologies Wins Verizon Innovation Award

USA Technologies, a leader of wireless, cashless payment and M2M telemetry solutions for small-ticket, self-serve retailing industries, congratulates customer, Cromer Food Services, who recently earned second place for their use of wireless technology, including USAT’s ePorts® and ePort Connect® service, as part of the 2013 Verizon Wireless Technology Innovation Awards.