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.

Experian Partners ACI on Analytics

ACI Worldwide partnered Experian Decision Analytics to market Experian’s leading decisioning solutions to ACI customers and prospects. Experian’s analytics-driven decisioning enables effective and targeted customer application processes, robust portfolio management and streamlined collections and recoveries. Credit issuers using ACI Issuer, the company’s platform for issuing and supporting credit cards, paired with Experian’s solutions, benefit from an end-to-end offering that maximizes profitability throughout the life cycle of a consumer’s account.

CardFlight Announces Major Investment

CardFlight which lets developers integrate in-person card payments into their own app raised $1.6 million in seed-round funding, led by ff Venture Capital, a New York-based venture capital firm that focuses on early-stage technology startups. While a number of payments startups are focused on online and e-commerce payments, CardFlight focuses on the 90% of credit card transactions that are ‘card present’ and happen in person. Additionally, CardFlight clients are typically vertical solution providers or large and medium-sized merchants, in contrast to companies that only provide closed mobile payment offerings that do not allow customization or white-labeling.

AnywhereCommerce mPOS Visa-Approved

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] AnywhereCommerce, a global payments technology provider, announced its ‘Walker’ (Walker-ES01) mPOS device has been approved for use with Visa cards by the Visa Ready Program. Through this designation, merchant services providers can confidently use the Walker appliance to the satisfaction of the Visa Ready program, which identifies technologies suited to handle…

Fiserv Announces Marketing Director, Digital Payments

Fiserv announced Matt Wilcox as its Managing Director, Marketing Strategy and Innovation, Digital Payments, where he will guide the holistic marketing of Fiserv payment solutions, with a focus on those that support digital and emerging payments for consumers and small businesses. Wilcox will also oversee collaboration opportunities with Fiserv clients who are early adopters of emerging payments technologies and establish partnerships with other emerging technology companies. Wilcox is a recognized industry expert on channels and payments, and is a frequent speaker at industry conferences on topics including payments, digital channels, marketing, multi-channel integration, social media and risk management. He is an active participant in industry groups such as the American Bankers Association (ABA), the Bank Administration Institute (BAI), the Forrester eBusiness Council and the Social Media Business Council. He was recently recognized by Bank Innovation as one of the 2013 Innovators to Watch: 44 Executives Shaping the Future of Banking.

mopay Inks Global Agreement with Telefónica Digital

mopay announced a carrier billing partnership with one of the world’s leading carrier groups Telefónica. mopay will be granted direct access to Telefónica’s billing platform, thus connecting mopay directly to the telco’s subscriber base worldwide. Consumers using mopay can purchase digital goods and services frictionlessly in nine countries where Telefónica Services are currently available and charge the purchases to their phone bill. The agreement with Telefónica Digital is another significant milestone in mopay’s global strategy. The integration of Telefónica’s billing platform not only elevates the consumer experience to a new level but also improves commercial agreements for mopay’s global merchant base. The integration is a valuable addition to mopay’s global carrier network, particularly for the emerging markets of Latin America where the ability to pay via a mobile phone with charge to mobile billing is very popular. The mobile penetration rates of more than 120% versus barely 50% for credit card penetration speak for themselves, and looking at the young demographics, the imbalance is even more significant.

FCCU Deploys NCR Tellers

First Community Credit Union (FCCU) added a new branch location in the HEB grocery story on FM 1488 in The Woodlands with the help of interactive video technology from NCR Corporation (NCR). FCCU is the first financial institution in Houston to deploy NCR APTRA Interactive Teller, the only ATM-based technology that not only lets people talk to a live remote teller but also gives the teller remote control over the machine to conduct transactions. The efficiency and security created through the centralization of tellers enables financial institutions to transform their branch locations into more effective service and sales environments. APTRA Interactive Teller lets financial institutions offer access to teller services during non-traditional banking hours, build new small-footprint branches, and provide full teller services in areas not served by branches, all while taking advantage of the advanced features of NCR ATMs such as intelligent deposit, bill pay and new account and loan initiation.

TNS and AJB Simplify Payments for Merchants

Large merchants across North America can now relieve the headache of operating a complex payments infrastructure while at the same time position themselves for future growth thanks to a new managed service solution from Transaction Network Services (TNS) and AJB Software (AJB). TNSPay Direct combines TNS and AJB’s industry leading capabilities to create a solution that provides merchants with improved control, enhanced security and greater flexibility over their card present and card not present payments environment. TNSPay Direct provides access to a dedicated and fully managed AJB Retail Transaction Switch (RTS), applying geographically diverse active/active data centers and backed by an industry leading Service Level Agreement (SLA). All processing activity takes place within the TNS Secure Payment Network, including routing and connectivity to the processors and acquirers of the merchant’s choice.

The Beat Names AmEx Global Corporate Payments Top System

American Express Global Corporate Payments was named “Most Admired Payment System” by readers of The Beat, the BTN Group’s industry-leading business travel newsletter. This is the sixth consecutive year American Express has won the award, making it the only company to do so since The Beat’s Readers’ Choice Awards program launched in 2008. The 6th Annual Beat Readers’ Choice Awards were based on a poll conducted this summer, which asked readers of The Beat to choose which company in six supplier segments they most admire for its “policies, management style and service for business clients.”

Fiserv Helps Mortgage Servicers with CFPB Compliance

Fiserv announced lenders and servicers can use its “LoanComplete” suite of solutions from Fiserv to help them maintain compliance with the Consumer Financial Protection Bureau’s (CFPB) mortgage servicing final rules that go into effect on January 10, 2014, the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z). The “LoanComplete” life-of-loan suite helps lenders and servicers comply with complex government regulations while simultaneously reducing their loan-processing time and exposure by combining standardized workflow processing with enterprise content management and customized data analytics. Regulation X addresses servicers’ obligations to correct errors asserted by consumers who have home loans, comply with their information requests and provide protections from force-placed insurance. The rule also requires servicers to provide information about mortgage loss mitigation options to delinquent borrowers; to establish policies and procedures for providing them with continuity of contact with personnel capable of performing certain functions; and to evaluate borrowers’ applications for available loss mitigation options.

Discover Spending Monitor Sees Moderate Gains

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor was up 0.7 points in September to 91.7, as consumer confidence in the economy slightly improved, but consumer spending intentions declined from the prior month. It showed those who feel the economy is getting better was up 2 percentage points to 30%, mainly driven by those…

Datacard Group to Present at Conference

Datacard Group announced its director of marketing, financial services will be speaking at the Financial Information Technology (FIT) 2013 conference taking place Oct. 17-18, 2013 in Yurakucho, Tokyo. The FIT 2013 is one of the largest shows in Japan with over 150,000 people in attendance. The conference focuses on strategies, trends and opportunities in the financial industry that are impacting businesses and generating new revenue opportunities. Datacard Group will also be exhibiting at FIT 2013, stand A-08, showcasing its central issuance and financial instant issuance solutions. Visitors will have the opportunity to see demonstrations of how Datacard products enable Secure Issuance Anywhere.

Worldline Hits New Market with Paylib ePayments Service

BNP Paribas, La Banque Postale and Société Générale launch Paylib, a new payment solution on the internet and mobile, user friendly, seamless and secure. Worldline, Atos subsidiary for e-payment services, used its operational capabilities and expertise of its solutions for E-wallet and authentication on mobiles for creating Paylib. The solution allows to make a payment with a simple personal identification code, without entering his credit card number from his computer, tablet or Smartphone. Paylib solution offers a new way to settle ones purchases in e- and m-commerce, user friendly, highly secure and guaranteeing confidentiality of personal data. It offers both the individuals and merchants the same level of security, similar to a proximity payment by credit card, with a novel way of purchase for e-and m-commerce, seamless and without the necessity to re-enter information related to the card (card number, expiry date and CVV).