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.

Mocapay Announces Latest mCommerce Launch

Mocapay mobile marketing and payments solutions launched customized mobile program for Denver-based Udi’s Cafés and Restaurants. The new Udi’s branded mobile app will allow Udi’s to issue loyalty and reward benefits to its customers. Udi’s is taking advantage of Mocapay’s mobile marketing to keep customers informed and to allow store managers to bring added value to Udi’s guests. The branded app will offer a full range of loyalty and reward benefits such as Udi’s loyalty program; Ability to earn valuable points; Automatic delivery of earned digital currency; Easy and secure redemption of rewards and offers; Ability to view account activity; Locator to pinpoint the closest Udi’s location and the ability to manage and update an account. The loyalty program rewards one point for every one dollar ($1.00) spent. For every 100 points earned the consumer receives a $10 gift card to spend at Udi’s Restaurants.

Early Warning Partners Payfone on Mobile Authentication

Early Warning fraud prevention with its equity investment and commercial agreement through Payfone. Early Warning will now provide carrier-based device and account owner identity authentication combined with unrivaled financial transaction and identity data, ensuring a secure and seamless mobile experience for financial services customers. Mobile devices are becoming a proxy for identity. By integrating with the network-based authentication capabilities of tier one mobile carriers via Payfone, Early Warning will provide a deterministic level of mobile identity that far surpasses traditional and device-centric authentication measures. By leveraging the same SIM card-based network authentication that mobile operators use to secure their own services, Early Warning can verify account logins and financial transactions with more precision and convenience.

MiiCard Sees Order, Revenue Spike

Online identity proofing service miiCard introduced a number of new customers within the financial services industry across a wide range of applications that collectively demonstrate the continued need and push for trust online. Named customers include Allre, Xpenditure, ClearAccount, Bittylicious, and btcQuick. Announced from the emerging payments and financial services conference Money2020, these new customers highlight miiCard’s ability to prove a consumer’s online identity to the level of an offline photo ID check, purely online and in just minutes. miiCard will verify user identity for new Bitcoin exchanges Bittylicious and btcQuick to the level of Anti-Money Laundering and Know Your Customer standards. As Bitcoin exchanges continue to move more mainstream, identity verification is a critical part of meeting these compliance standards. miiCard confirms identity and certifies official bank statements for a number of next generation banking services, including the ClearAccount overdraft protection service and expense management company Xpenditure.

Cypress Controllers Allow Ezetap to Deliver Integrated mPOS

Cypress Semiconductor announced Ezetap mPOS solutions is using Cypress’s “CapSense Express” controllers in the world’s first capacitive-touch-based PIN-pad in its new MPOS device. The CY8CMBR2016 matrix keypad solution provides the Ezetap MPOS device with a durable user interface, helping it to pass all of the stringent EMVCo and PCI global certifications required for PIN entry devices. Consumer electronics and home appliances have rapidly been transitioning from mechanical buttons to capacitive touch controls. The EMV and PCI certifications are extremely strict due to the need to protect customer PINs against a broad range of attacks, while ensuring compatibility across a range of payment cards. Ezetap was able to go from concept, to certification, to manufacturing in less than a year.

Consumer Credit Outstanding Up 5.5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up 5.5% in August from last year to an adjusted $848B from 842.5B, continuing to erase all positive momentum seen in 2013. Continuing to grow, the August revolving credit outstanding is still not as high as the 2008 figure of $1trillion and is…

Swift signs MoU with EDTA on Promo

SWIFT securities institutions and corporate customers in 212 countries and territories signed an MoU with Electronic Transactions Development Agency (“ETDA”) of Thailand to promote the adoption and use of ISO 20022 among the financial industry in Thailand and ASEAN. Both SWIFT and ETDA recognise the increased use of technology in the financial markets of Thailand and ASEAN and the role that technology plays as a tool for economic empowerment. As the ASEAN Economic Community moves toward regional economic integration in 2015, it requires the broader financial market to share a comprehensive set of open market message standards and a highly secure and standardised platform of communication. The ISO 20022 standard is founded on international best practices for domestic and cross border transactions in payments, securities and trade related payment transactions. ISO 20022 adoption is viewed as a key driver to enable the successful integration and continued growth of financial markets in Thailand and ASEAN.

Braintree Deploys Venmo Touch in New Market

Braintree global payment platform online and mobile purchasing is bringing one touch mobile commerce to UK merchants and consumers. American Express will support the UK launch of Venmo Touch as Braintree’s exclusive marketing partner with targeted Cardmember communications including newsletters, social media and digital banner ads. Venmo Touch allows consumers to save their payment details in one app and check out across its powerful network of apps in one touch. With expanded availability of Venmo Touch, Braintree’s UK merchants”including LivingSocial, HotelTonight, Drivr, Bizzby and YPlan”as well as financial partners such as American Express, can now build the ease and simplicity of one touch commerce into their mobile experiences.

City National Bank to Launch FIS Cardless ATM Access

FIS and City National Bank signed an agreement to pilot FIS Cardless Cash Access at City National ATMs. City National plans to introduce this emerging technology to clients in its three largest markets early next year, continuing FIS’ successful rollout of this solution at banks and ATMs in key locations across the United States. The solution enables consumers to interact with the ATM from the privacy and security of their mobile devices, stage a transaction before stepping up to the ATM and then receive an eReceipt for the transaction on their devices, eliminating paper receipts. FIS Cardless Cash Access securely authenticates a user on his or her smartphone. Then, the consumer selects the account and amount of the withdrawal right on the phone. When at the ATM, the consumer scans a QR code on the ATM screen and, within seconds, the cash is dispensed and an eReceipt is sent to the phone.

Ceridian Announces Separate Payments Businesses

Ceridian completed the legal separation of its Human Capital Management (HCM) and Payments businesses through a series of transactions that result in the Payments business being operated as Comdata Inc. (“Comdata”), and the HCM business being operated as Ceridian HCM Holding. Stuart C. Harvey, Jr. will serve as Chairman of the Board for both Comdata and Ceridian HCM, as well as remaining as the Chief Executive Officer of Comdata. Majority owners and financial partners, funds affiliated with Thomas H. Lee Partners, L.P. and Fidelity National Financial, Inc. remain the same for both Comdata and Ceridian HCM. The award-winning Dayforce HCM cloud solution had approximately 750 live clients as of June 30, 2013. Dayforce HCM is a single application for payroll, benefits, time, scheduling and human resources.

Allied Payment Network to Showcase Picture Pay

Allied Payment Network announced Steve Paradine, senior vice president of Sales, will present Picture Pay at the Access Softek Annual Client Conference on Oct. 8 at 11:30 a.m. PDT at the DoubleTree by Hilton Hotel Berkeley Marina in Berkeley, Calif. Paradine will showcase Allied’s mobile photo bill pay solution to more than 350 of Access Softek’s bank and credit union customers. Access Softek is a Berkeley, Calif.-based mobile banking software provider. The company’s first client conference will feature an intensive two-day series of panels, sessions and roundtable discussions focused on best practices in mobile banking.

Acculynk Reports PaySecure Gateway Support

Acculynk announces support of its PaySecure International authentication solution by major gateways outside the US, including industry leader CCAvenue and other prominent gateways in the Indian e-commerce market. As India’s biggest payment gateway, CCAvenue is among the first payment gateways to process RuPay debit cards. Customers will now be able to use RuPay Debit Cards to make purchases securely and conveniently on thousands of merchants’ websites powered by CCAvenue.