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.

MoneyGram to Present at the Deutsche Bank Conference

MoneyGram senior vice president and treasurer is set to present at the Deutsche Bank 21st Annual Leveraged Finance Conference in Scottsdale, Arizona on Wednesday, October 2, 2013. MoneyGram International, a leading money transfer company, enables consumers who are not fully served by traditional financial institutions to meet their financial needs. MoneyGram offers money transfer services worldwide through a global network of 327,000 agent locations — including retailers, international post offices and financial institutions — in nearly 200 countries and territories.

Employment Continues to Climb Along with Credit Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment increased by 169,000 in August, and the unemployment rate edged down to 7.3% from the July figure of 7.4%. This in conjunction with the total outstanding revolving US consumer credit up 4.5% in June from last year to an adjusted $850B, which continued to erase all positive…

AP Bank Implements Electracard Payments

ElectraCard Services processing solutions for electronic payment systems announced that Agriculture Promotion (AP) Bank, Laos has gone live on ECS’ electra payments suite. AP Bank, the largest public sector bank in Laos is ECS’s second customer in Laos and further consolidates ECS leadership position in South -East Asia. The electra platform will power AP Bank’s endeavour to offer electronic banking services to its existing customers. ECS’ electraSWITCH and electraDEBIT solution will facilitate AP Bank to offer their customers access to a wide range of delivery channels including ATMs, POS, internet, mobile and IVR. The bank also plans to leverage the electra suite to roll out innovative and effective ways to deliver value to its account cardholders. ECS’ system will be connected with ATM pool network in Laos, enabling AP Bank customers to carry out transactions across the network’s ATMs in Laos.

PayPal Partners Intershop Ecommerce

Intershop and PayPal online payments partnered on e-commerce solutions. Intershop offers retailers a safe, reliable and simple to use payment platform. In turn, PayPal will offer clients Intershop’s state-or-the-art e-commerce platform, proven technology from two decades of experience across various industry verticals. The partnership will address the needs of Brazilian companies that seek a transition to a world-class e-commerce platform, capable of integrating with existing legacy IT infrastructure, and bringing advanced payments, store management, mobile and cloud solutions.

Digital Insight Names New CEO

Digital Insight technology solutions to financial institutions announced John O’Malley CEO, an experienced financial services and technology veteran who brings over 30 years of knowledge. O’Malley joins Digital Insight with prior experience as the CEO of Panini, a provider of payment technology. Prior to that he was the CEO of Memento, which was acquired by FIS, and President and CEO of Harland Financial Solutions where he led its growth from a small subsidiary to one of the leading providers of financial technology in North America. He has also held senior positions with Fiserv, Hogan Systems (now part of Computer Sciences Corp) and the J.H. Harland Company (now part of MacAndrews and Forbes). O’Malley also brings strong experience and innovation to both traditional and alternative payment solutions. He has extensive knowledge in global finance, enterprise sales and fulfillment solutions, enterprise big data, fraud and risk management.

Fico and ERN Announce Marketing Partnership

Fico partnered Big Data startup ERN, which will embed FICO’s marketing solutions within its real-time Big Data analytics platform Looop, giving marketers in financial services and retail the ability to execute highly personalized merchant-funded marketing strategies based on precise analysis of each consumer’s preferences and needs. The partnership is initially focused on the financial services market in the UK, Europe and Asia. Looop is a scalable, reliable and secure Big Data analytics platform that enables banks, acquirers and merchants to perform deep analysis of customer behavior on a micro and macro scale. The actionable insights that result can be used to create compelling relevant and timely offers that can be sent to customers through a mobile app in real-time. Looop is fully PCI and ISO 27001 compliant.

PowerPay Promo Marks 10th Anniversary

PowerPay is launching “10 Days of Giving” ( – a celebration that reflects the company’s corporate culture and commitment to giving, sustainability and community. During the first 10 days of October, PowerPay employees are volunteering time during their workdays and making donations of food and clothing to a variety of local nonprofits. A different activity is scheduled each day from Oct. 1 through Oct. 10. Beneficiaries include Goodwill, the American Red Cross, Portland Public Library, Preble Street, the Good Shepherd Food Bank, Portland Trails and Big Brothers Big Sisters of Greater Portland. PowerPay’s culture has roots in connecting with and giving back to the community. Sustainability and philanthropic practices are a large part of daily operations. The company also has an active Giving Committee, an independent task force of employees whose activities support social responsibility.

MoneyGram Renews Bank Agreement

MoneyGram announced five year renewal of its agreement with Susquehanna Bancshares, a Pennsylvania-based commercial bank, to provide official check services through its PrimeLink Official Check program. MoneyGram’s PrimeLink Official Check outsourcing program provides banks with cost efficiencies through management of its clients’ official checks, including daily balancing and reconciliation, exception handling, inventory management, and real-time updates on official check transactions. MoneyGram provides a high level of service and responsiveness to bank personnel in support of their programs and helps prevent fraud losses by identifying fraudulent official checks.

Mako Networks and AirTight Partner on PCI DSS WIFI

Mako Networks and AirTight Networks announced a reciprocal agreement to bundle Mako’s network management system and AirTight’s Wi-Fi technology from the PCI SSC North American Community Meeting. The joint solution offers sophisticated yet easy-to-use cloud management ideal for distributed enterprises, coupled with powerful Wi-Fi retail analytics and end-to-end PCI DSS compliance. A Mako network appliance connects the site to the Internet using a broadband connection. As the conduit for all Internet traffic, the Mako System is able to collect information about network usage at the site, which is populated into a Central Management System (CMS) that can be accessed by administrators from a simple web interface, with detailed reporting on the network activity across their distributed enterprise locations. Retailers can integrate social media channels with AirTight’s customisable guest Wi-Fi portals to engage with in-store customers, encourage them to opt into marketing programs and reach out to them via geo-marketing campaigns, such as coupons or special offers. Built-in Wi-Fi analytics deliver insights into customer behavior and trends.

Discover Spending Monitor Contiues Slide

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor fell 1.4 points to 91.0 in July, in response to a decline in confidence in the economy from consumers- especially those making less than $40,000. Consumers also grew more pessimistic toward their personal finances last month, which correlated with a decline in discretionary spending intentions. Respondents…

Citi Philippines and Visa Launch Contactless Solution

Citi Philippines and Visa introduced the first contactless credit card payment technology in the country with Citibank Visa payWave. Offering Citibank Visa cardholders a faster, secure and hassle-free payment option, this latest innovation is set to change the local payments landscape for both retailers and consumers. The leader in credit cards, Citi Philippines is acknowledged for consistently setting new benchmarks with world class products and raising the bar with groundbreaking client service. In recent years, Citi has pioneered mobile-based payments with credit cards, real-time account inquiry with SMS and account management convenience with combined credit limit for multiple Citi cardholders.

Panini Names New CEO

The Panini Board of Directors is pleased to announce Michael Pratt has been appointed Chief Executive Officer for Panini and will lead the company’s global operations and continued growth. Michael is an accomplished and widely recognized industry executive with extensive market experience and an impressive career track record of superior results. Michael joined Panini in July 2007 as Director of Marketing for Panini North America. He was promoted to global Chief Marketing Officer in March 2009, playing a strategic and central role in the expansion and diversification of the company. Prior to joining Panini, Michael served in successful senior executive roles with Standard Register, AT&T, and NCR. He earned a B.S. in Marketing from the University of Dayton and an MBA from Miami University.