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.

Clearstream Services IT and EastNets Offer SEPA

Clearstream Services IT, the leading provider for IT Managed Services and on-demand financial solutions, joins forces with EastNets, the leading global provider of compliance and payment solutions for the financial industry, to offer a SEPA solution in SaaS mode. Recent reports from the European Payment Council and the European Central Bank indicate readiness gaps in many countries and particularly for corporate and medium/small size financial institutions. This is despite the steadily progressing migration across Europe of payment market infrastructures to the SEPA framework and standards. For many financial institutions and corporates, the migration to SEPA is still a stretch in terms of resources, cost and time and the challenge to meet the February 2014 deadline for SEPA compliance is growing every day.

IMM e-signature platform Announces Latest Client

IMM announced that Colorado-based Premier Members Federal Credit Union has implemented its Document Exchange cloud-based eSignature solution. The credit union went live in June, and anticipates Document Exchange will provide convenience to its members and loan officers, saving thousands of hours each year through an electronically streamlined process. Desiring to further expand its reach and markets, the more than $445 million credit union needed to extend its presence beyond the physical branch network. Premier Members selected MeridianLink’s LoansPQ™ Web-based consumer loan management solution, which seamlessly integrates with IMM, to provide membership an end-to-end solution.

BRAC Bank to Accept JCB cards

JCB International, the international subsidiary of JCB, the only global payment brand based in Japan announced that BRAC Bank Limited (BRAC Bank), a leading commercial bank in Bangladesh, starts JCB merchant acquiring operations in Bangladesh based on a license agreement. With this agreement, JCB cards will be accepted at over 3,400 BRAC Bank merchants throughout Bangladesh by the end of October 2013. JCB has been planning to expand its existing merchant network in the region in order to meet the demands of JCB cardmembers visiting Bangladesh mainly for business purpose.

Globus Expands NCR Self-Checkout Deployment

Globus is making NCR self-checkout more widely available, enhancing shopper experiences and streamlining business operations. The hypermarket chain plans installations in its new markets in Krasnogorsk and Tver as well as in the chain’s existing store in Klimovsk. Globus customers have quickly embraced self-checkout. For instance, in Globus’ Vladimir store, about 15,000 customers a week are using self-checkout technology. Shoppers are migrating to self-checkout because it helps save time by scanning, bagging and paying for goods themselves. The user-friendly interface guides shoppers through each step of the self-checkout process by visual and verbal prompts.

CIMB Bank Intros mMoney Transfer

CIMB Bank announced the launch of the Kwik Account, the first account in Malaysia that can be opened online without visiting a bank branch, and is instantly activated upon successful application. It also introduced Kwik Money Transfer, a new feature on its market leading internet banking platform, CIMB Clicks, that gives all CIMB Bank savings and current account holders the capability to send money to anyone’s Malaysian mobile numbers or email addresses instead of account numbers. The Kwik Account is accessible via CIMB Clicks and CIMB Clicks Mobile App on Apple and Android mobile devices. Customers can also easily transfer money into this account online or at any CIMB Bank cash deposit machines.

SBC Bank Signs JCB Card Issuance MOU

Singapore Banking Corporation Ltd. (SBC Bank), a leading commercial bank in the Kingdom of Cambodia, and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB, the only global payment brand based in Japan, announce that SBC has started JCB merchant acquiring operations in the Cambodia market and has signed a memorandum of understanding for JCB card issuing. SBC Bank will phase in JCB card acceptance at all SBC Bank merchants in Cambodia by the end of 2013 and plans to issue JCB card in the near future. The strong economic growth of the Cambodia market is creating more potential for card issuing business. SBC Bank and JCBI are preparing to launch JCB card issuance in the next few years.

Dynamics Launches Exclusive Artwork Gallery

This week Dynamics introduced a whole new experience for fans of diverse artists by enabling them to earn exclusive collections of their work. The collections feature photorealism, mixed media, golf, fantasy, gothic and allegorical acrylic art. Each artist has created new works exclusively for Dynamics ePlate® cardholders, and has taken what a credit card looks like to a whole new level – with each artist’s ePlate® card capturing their artistic signature. The cards are uniquely designed by each artist with their artwork on the front of the card – and in an industry first – they have also designed the magnetic stripe in their style, a stark contrast to the dark stripe we have all grown accustomed to on the back of credit cards. Collectors of these artists and other upcoming artists can now earn artwork with their everyday purchases.

Vodafone Expands NFC Footprint

Vodafone, Visa and BNZ make buying stuff with your phone a reality with the preview of Vodafone SmartPass, a new mobile payments application that will shrink the contents of Kiwi pockets and handbags. Vodafone SmartPass takes the stress out of shopping, and lets customers make convenient, every day purchases with a simple wave of a smartphone. Using contactless Near Field Communication (NFC) and Visa payWave technology, the app functions as a digital wallet. Once activated, customers can load funds from any bank to the SmartPass account, which can then be used to pay for items at any location with a Visa payWave contactless terminal.

ROAM Partners Merchant Warehouse

ROAM of Ingenico partnered Merchant Warehouse to expand the company’s mobile payment acceptance solutions. Merchant Warehouse will leverage ROAM’s secure mobile card readers, associated software and services to provide its merchants and partners with new mpayment solutions. ROAM enables ISOs, acquirers and other resellers to quickly get to market with their own mobile solution without the expense of building one from the ground up. Resellers are able to leverage ROAM’s field-tested design, built-in security features, and cross-device support, while customizing the solution to meet their unique business needs.

DataCash Partners TV App Agency

DataCash is partnering with one of the leading Smart TV app development consultancies, TV App Agency, to deliver Smart TV payment solutions. The partnership will see DataCash integrate its payment gateway into TV App Agency’s ‘TV App Engine’, offering a new way for brands and app developers to accept payments through their applications. Currently developers creating apps for Smart TVs often require a significant amount of investment as there are different types of code and standards for each brand of Smart TV. The ‘TV App Engine’ however provides brands and app developers with a single platform that allows the development of one app that can be generated to work across many different Smart TV brands including Samsung, LG, Phillips, Sony, Panasonic and OperaTV as well as Sony PlayStation 4 and Xbox. Through the integration between DataCash’s secure and robust payment gateway with the TV App Engine, brands and developers can increase their return-on-investment as well as create potential new business models.

ACI to Host Sibos on Middle Eastern Bank Innovation

ACI Worldwide is set to partake in the Sibos conference September 16-19. Here is will host a panel discussion on the topic of banking innovation in the Middle East, featuring speakers from Al Rajhi Bank, Bank AlJazira and others. In addition, the company will be leading a second session about how organizations can implement an enterprise payments strategy. ACI will be launching its first ever video blog series from the event. Aimed to provide insight and updates from Dubai, the daily videos will be posted to ACI’s blog “Expert View.” Event attendees, as well as those who are not able to attend Sibos 2013, can get real-time updates from ACI at the event via Twitter at @ACI_Worldwide (

Capital Access Network Appoints Veteran CFO

Capital Access Network appointed GE Capital Veteran Shiladitya (“Shila”) Ray as the company’s new Chief Financial Officer. Ray is leading the Finance and Accounting teams at CAN and will play a key role in long-range strategic planning and initiatives, including product expansion, aggressive digital distribution and lending capacity. Ray has spent the past 16 years in various finance leadership roles at GE Capital. Most recently, he was the Global Simplification Leader for GE Treasury. Before his role in Treasury, he was the Chief Financial Officer (CFO), Operations for GE Capital, Americas. He also served as CFO for several GE businesses, including GE Trailer Fleet Services, GE Global Electronics Solutions and GE Commercial Finance, India.