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

Equifax Improves on Risk Authentication

Equifax expands risk-based authentication capabilities within the Identity and Fraud product suite. Trends show that businesses want to improve the end user experience and reduce intrusive authentication methods while still maintaining security for online transactions and reducing fraud. A risk-based strategy that can segment safer transactions from riskier ones allows businesses a flexible way to balance risk, consumer friction, and cost. Our risk-based technology includes pattern and velocity detection, device recognition and risk score, and financial account validation, among other criteria. These risk factors combine within automated transactional decisioning to give business a workflow that challenges users with the most appropriate authentication based on the risk presented by the person, their location, and the task.

Grant Victor Announces AppCard ATM Loyalty Program

Grant Victor, the foremost retail-style ATM service and solutions provider in North America, announced a partnership with AppCard customer loyalty solutions to provide the industry’s first integrated ATM loyalty program for retailers, merchants, and ATM operators. The partnership and integration will be showcased at the upcoming National Association of Convenience Stores conference held October 13th – 15th in Atlanta, GA.

CU Wallet Launching Credit Union Driven mWallet

CU Wallet credit union announced during the CUNA Technology Council that it is launching a credit union-centric mobile wallet application. At the time of the launch, 15 credit unions, ranging from $400 million to more than $5 billion in assets, and representing more than 2 million members nationwide, have signed agreements with CU Wallet. CU Wallet’s mobile payments platform is designed by credit unions, for credit unions to meet the needs of an increasingly mobile membership base, attract a new generation of members and generate new, sustainable revenue streams.

Basware and MasterCard Partner on Biz Payment, Receipt

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Basware e-invoicing and purchase-to-pay solutions has partnered with MasterCard, one of the world’s largest payment networks, to launch a revolutionary electronic payment solution that ensures suppliers are paid fast upon invoice approval, while extending payment terms for buyers. Companies worldwide are looking to new ways to grasp the benefits that electronic…

Oberthur to Provide TSM for Nets Nordic NFC SIMs

Oberthur Technologies announced Nets digital money, digital information and digital identities and card processor selected its Trusted Service Manager (TSM) to secure NFC services for partnering banks and other service providers across Nordic countries. Hosted in Oberthur Technologies’ highly-secured data centre in Tewkesbury (United Kingdom), the TSM will allow each bank partnering with Nets to securely issue, distribute and administrate payment cards into the NFC SIM cards of their respective customers. Nets will be able to aggregate different types of NFC payment cards (debit, credit and prepaid cards) and will be open to other forms of mobile payment solutions in the future, as well as to a variety of digital services (tickets, travel cards, electronic keys, membership cards…). It will be provided as an open, flexible white label solution so that the end-users will perceive this as their individual bank’s or service provider’s solution.

Fiserv Announces Latest Implementation

Fiserv announced First National Bank of Long Island (FNBLI)- a client since 1987- implemented its Common Origination Platform to meet its consumer, business and mortgage lending needs. Common Origination Platform from Fiserv is a single-platform solution that gives lenders a holistic view of their borrowers across all lending channels and products, aggregating data in one place regardless of the point of origination or loan type. FNBLI selected an ASP delivery model for Common Origination Platform. FNBLI also relies Fiserv Common Origination Platform and Signature with such solutions as CheckFree RXP, CheckFree Small Business, ConvergeIT, Risk OfficeSM, UChoose Rewards, Debit Processing, PEP+ and the Accel payments network.

Grant Victor Partners AppCard on Integrated ATM Loyalty

Grant Victo ATM service and solutions provider announced a partnership with “AppCard” customer loyalty solution, to provide the industry’s first integrated ATM loyalty program for retailers, merchants, and ATM operators. Current and future integrations of AppCard’s technology into ATM machines provide promising opportunities. Retailers and merchants utilizing the AppCard loyalty program will eventually have the option of awarding additional loyalty points through ATM usage, have access to powerful consumer shopping behavior analytics, and provide personalized offers at time of ATM usage to drive incremental purchases within the location.

Nex-Tech Wireless Deploys Gemalto LTE

Gemalto digital security enabled Nex-Tech Wireless to launch Long Term Evolution (LTE)high-bandwidth wireless services to its subscribers in the United States. Gemalto’s comprehensive solution combining the LinqUs™ Advanced OTA platform and the UpTeq™ LTE multi-tenant SIM ensures that Nex-Tech Wireless mobile users can immediately enjoy the benefits of fourth-generation (4G) broadband-connectivity as well as easily transition further to future technology upgrades such as NFC. In addition to facilitating faster broadband connections, the solution manages secure connectivity to all multi-tenant SIMs with reliability. The advanced UpTeq™ LTE multi-tenant SIM, embedded with Gemalto’s unique secure polling software, enables mass update campaigns with a high success rate. Gemalto’s solution is scalable for future deployment of a broad range of advanced services such as M2M applications, multimedia, WiFi offload and NFC.

National Bank Direct Brokerage Mobilizes

With a view to making its online presence even more user-friendly, National Bank Direct Brokerage (NBDB) is launching a mobile version of the new website released in July (nbdb.ca). The mobile site optimizes user experience on smartphone devices, and is in line with NBDB’s interactive strategy, which calls for developing and improving e-channels to make our services even more accessible to self-directed investors. The new site at nbdb.ca, launched a few weeks ago in English and French, features a simplified, user-friendly interface, a new look, and a revamped Education Centre. It offers online investors a personalized path and content adapted to their specific trading style: novice, seasoned or active. The mobile interface, which is also available in English and French, has been enriched and adapted for use on smartphones.

Wincor Nixdorf Opens New Facilities

Wincor Nixdorf AG is pooling its software and professional services expertise in Utrecht in the Netherlands. Wincor Nixdorf CEO Eckard Heidloff officially opened the new Software Headquarters on September 18, 2013 in the presence of Remco van Lunteren, Member of the Provincial Executive of the Province of Utrecht. Wincor Nixdorf aims to build on its software strength and is already generating revenue of more than EUR300 million in the software sector. Around 50 employees from Wincor Nixdorf will initially start work in the office complex in Utrecht from October 1; the addition of further staff is also planned. Software for banks and retail companies Banks and retail companies worldwide are striving to make their branch and store processes leaner and more automated. Banks and retailers tend to use non-standardized software. Wincor Nixdorf therefore sees great opportunities in this for offering standard software to handle all the self-service and branch or store processes, irrespective of the hardware installed. Functional enhancements can thus be added quickly and cost-effectively.

PayPal Expands Across New Territory

Thirteen online commerce companies will now start accepting payments from customers using PayPal. The latest retailers to deploy PayPal include Online hypermarkets, Ozon.ru and Enter.ru; Designer furniture and accessories from Westwing; Travel from Tutu.ru and Anywayanyday.ru; Russia’s largest online store for clothes, shoes and accessories inLaModa.ru; Fashion from MyWalit.ru; Food delivery from Utkonos.ru; Kitchen appliances from Holodilnuik.ru; Cellphone and consumer electronics with Svyaznoy; Emex.ru sells auto goods and parts; Biglion, the leader in coupons, providing discounts for many great services; KupiVip provides 90% discounts on online shopping. Our reputation for successfully handling $145bn in online transactions in 2012, the fact that our payment platform spans 193 markets, and that our world-class fraud detection systems identify many criminals before anyone becomes a victim, provide the reassurance so far missing for Russian online shoppers.