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

Fiserv 3Q/13 Revenue Up 10% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Fiserv posted 3Q/13 adjusted revenue of $1.14 billion, up 10% from the year ago figure of $1.04 billion. For the 2013 9 month figure, adjusted revenue was $3.36 billion, 9% on the year ago figure of $3.08 billion. Adjusted earnings per share from continuing operations in the third quarter increased 24…

Accumulate mPayments Files Patent Suit

Accumulate AB has filed a lawsuit in the District Court of Stockholm against Seamless Distribution AB (publ) for patent infringement. The lawsuit relates to Seamless’s mobile payment solution, SEQR. Accumulate requires Seamless to stop the use and marketing of SEQR. Accumulate has an extensive patent portfolio in the field of mobile payment solutions, with patents in several countries and customers worldwide. The current patent infringement lawsuit relates to a Swedish patent from the patent portfolio. Accumulate AB is a privately owned company with investors including the Sixth AP Fund, TeliaSonera, PayEx and Svea Ekonomi. Accumulate has long experience of mobile online solutions with more than 100 million applications delivered since 2004.

TIS Reports Growth in 3Q/13

TIS GmbH has again continued its successful business development for 3Q/13 for high sales growth, having further technically developed its Cloud Platform for payment transactions. The current positive business development of TIS has considerably enhanced its attractiveness for potential new investors. The demand for ERP integrated, cloud-based solutions for payment transactions, liquidity and bank relationship management has become greater, particularly in view of the upcoming SEPA migration deadline. And this need spans all branches of industry and commerce, which is evidenced by the range and variety of TIS new customers in the third quarter of 2013 – they represent a highly diverse sampling from the business world.

Ingenico Posts Strong Performance for 3Q/13

Ingenico posted 3Q/13 9 months ending revenue of EUR1.004 billion, up 17% from the year ago figure, and quarterly revenue of EUR348 million thanks to performance across all geographies and segments. Also, from the year figure, Growth momentum in North America was up 40%; growth acceleration in Transactions services due to Ogone’s successful integration was up 15%; and full-year guidance raised for revenue and profitability. Also Organic growth was above 12% and revenue exceeded the EUR1 billion threshold in nine months for the first time ever.

First Data Acquires Loyalty Program

First Data ecommerce and payment processing acquired Perka smart loyalty program for undisclosed terms. The First Data subsidiary continues to operate autonomously as an innovative entrepreneurial company led by its current management and product development team. Perka is a mobile marketing and consumer loyalty platform that helps small to medium-sized merchants engage their customers with location-based smartphone apps. The Perka Punchcard service and Perka Flexpoints for retail stores and sit-down restaurants deliver sustainable and highly personal marketing and incentive programs to consumers. The cloud-hosted platform features merchant-validated transactions, triggered offers, mobile messaging, and retail customer relationship data for the merchant.

US Bank Launches Travel VirtualPay Solution

U.S. Bank announced the full market launch of its Travel VirtualPay product, following a successful pilot program. The bank is the first payment provider in North America to deliver a truly integrated travel payment and reconciliation tool that replaces manual central billing of hotel charges with single-use virtual account numbers. Travel managers can identify and track a booking from the time of reservation through final settlement and audit. The tool integrates directly with their current travel supplier or agency, allowing them to easily request a virtual account for each booking and consolidating all transaction data into one location. When a supplier charges the account, an automated reconciliation process accurately matches traveler and transaction, triggering immediate payment.

WorldPay AmEx EMV Certified

WorldPay US payments acquirer has earned the American Express EMV payment processing certification.In conjunction with the earlier completion of VISA and MasterCard EMV certification, this reinforces WorldPay’s ability to assist its current and prospective clients with the inevitable migration to chip cards in the US. The card payment networks establish individual requirements for EMV implementation and define the testing processes to certify against these requirements. WorldPay is working closely with Discover on certifying to their EMV requirements.

Western Union Revenue Slows Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Western Union posted 3Q/13 revenues down 1% from the year ago period and were flat on a constant currency basis. Consumer-to-consumer (C2C) revenues declined 2%, or 1% constant currency, as transaction gains were offset by the impact of previously implemented price reductions in certain corridors. Western Union branded C2C transactions increased…

Digital River World Payments Deploys Barclaycard Acquiring

Barclaycard signed a new partnership agreement to provide full card acquiring services for Digital River World Payments to expand Barclaycard’s routes into market and allow Digital River to increase the European credit and debit card processing capabilities of its Payments solution. This agreement will simplify the process of taking card payments for many of these companies as they build, manage and grow their businesses, while trading in an increasingly growing global economy. By using Barclaycard’s secure and efficient card processing platform, Digital River World Payments can further enhance its ability to provide cost effective cross border online payments in Europe.

Rovio Intros Angry Birds MasterCard Giftcard

Technologies (PCT) and Brandution have launched an Angry Birds Gift Card in the UK, available as a gift card and eventually as a reloadable prepaid card, will feature designs from both Angry Birds Classic and Angry Birds Space. Fans of Angry Birds of all ages will enjoy additional benefits in the form of a loyalty program and a mobile application for managing the card account while on the move. PCT have managed all aspects of the card development including website creation, app development and application processing including fraud monitoring. They are also running a 24/7 UK customer helpdesk and lost and stolen card reporting service on behalf of the Angry Birds card program. This card is issued by R. Raphael & Sons Plc pursuant to license by MasterCard International.

Danske Bank Launches mBanking Transfer Service

Smart phones users no longer need to know the beneficiary’s bank account to make a money transfer, just the recipients mobile telephone number. This allows bank transfers will be completed at the speed of an SMS and free of charge by entering the required amount and the beneficiary’s telephone number in a smartphone application. This service is particularly convenient for a circle of close acquaintances when it comes to paying for items purchase jointly, sharing the bill for dinner, or quickly transferring money to children. Mobile payment can be used not only for transfers of money, but also for money orders by specifying the required amount and pressing the confirmation button. Security and reliability of payments is ensured by additionally signing the transaction with a PIN code and allowing the user to set transaction limits himself.

Toshiba POS Solutions Announces Latest Expansion

Toshiba Global Commerce Solutions announced HUGO BOSS has selected Toshiba for a global deployment of store technology solutions led by TCxWave, a versatile solution unlike any other POS, kiosk or self-service device the market has ever seen, being deployed across its European stores. The United States market deployment includes TCxWave, with an option for Toshiba SurePOS 785, also a premier point-of-sale solution, commencing in September 2013. Developed by award-winning industrial designers, the striking appearance of TCxWave allows retailers to use the technology throughout the store to create a consistent and positive shopping experience. The versatile design and functionality of the TCxWave point of sale, kiosk or self-service unit enables the freedom to use one platform for multiple purposes throughout the store, and the wide-screen format and gesture touch based screen affords investment protection for evolving retail space.