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.

NCR Appoints New VP, Financial Services

NCR consumer transaction technologies announced Wolfgang Kneilmann as the new VP for it financial services line of business in Europe. Having started his career at NCR, Kneilmann worked in various sales and management positions for more than 11 years. In 2001, he joined Swissrisk AG, a European software specialist, as a member of the management team. He oversaw sales and marketing for banking-specific software solutions from 2001 until early 2007. In March 2007, he returned to NCR to become managing director for Germany, Austria and Switzerland.

Merchant Processing Fees Down in 2012

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] General purpose and private label credit, debit, and prepaid cards generated $4.409 trillion in payments for goods and services in 2012, and U.S. merchants paid $66.51 billion in fees to handle that business. Merchants paid $69.81 billion the prior year on $4.105 trillion in purchase volume, according to The Nilson Report,…

FIS 2Q/13 Revenue Up 3.8% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] FIS posted 2Q/13 revenue up 3.8% to $1.51 billion from $1.46 billion in 2Q/12. These results included debt refinancing costs and an adjustment related to the December 2010 acquisition of Capco, FIS’ global consulting business. Revenue was up 3.7% on an organic basis compared to the second quarter of 2012, which…

Heartland Payment Posts 2Q/13 Net Income Up 2% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment announced a 2Q/13 Adjusted Net Income of $23.1 million compared to the year ago figure of $20.5 million. For the quarter, Heartland reported Record Small and Mid-Sized Enterprise (SME) quarterly transaction processing volume of $19.3 billion, up 4.2% from the second quarter of 2012; Record Quarterly Net Revenue of…

Barclaycard Launches Instant Credit Service

The Barclays Partner Finance arm of Barclaycard launched ‘bFlex’, a flexible online finance product allowing consumers to take out instant finance for internet purchases. Whilst consumers have long been able to take out credit at the point of sale when shopping on the high street, they have been more restricted when shopping online. With traditional credit often tied into pre-packaged solutions or terms set by the retailer, bFlex is controlled by the consumer, with instant access at the online point of sale. bFlex can be fully integrated into a retailer’s existing online ordering system and will allow customers to select a finance option designed around their needs and use it to instantly pay for their goods.

Citi ThankYou Card Now Offers Double Points

Citi’s ThankYou Preferred card now rewards cardmembers for doing what they love by offering two points per dollar spent on dining out and entertainment at no annual fee. New and existing ThankYou Preferred cardmembers earn two ThankYou® Points per dollar on dining at restaurants and entertainment purchases from takeout to fine dining, music downloads to movie rentals, as well as tickets to sports and entertainment events. ThankYou Preferred cardmembers will continue to earn one point per dollar on other purchases. Citi announced a lineup of special events exclusively for Citi ThankYou cardmembers that will begin in August and take place in select U.S. major cities.

Citi ThankYou Offers Cardmembers a New Lineup of Experiences

Citi unveiled a series of music, sports, dining, comedy, theater and family experiences exclusively for Citi ThankYou cardmembers. As part of the new entertainment benefits of Citi ThankYou, Citi designed this special events lineup based on the interests of ThankYou cardmembers. Ranging from youth sports clinics to intimate culinary events, comedy shows and VIP concert access, these experiences are another example of how Citi is delivering more access to entertainment. Tickets to each special event can only be purchased with a Citi ThankYou card. The Citi ThankYou Preferred card now offers twice as many ThankYou Points for each dollar spent on both dining out and entertainment at no annual fee. ThankYou Points can be redeemed for a wide variety of rewards on like electronics and digital music downloads, and concert tickets on In addition, the Citi Private Pass entertainment access program offers Citi credit and Citibank debit card customers access to thousands of events including preferred seating, early access, VIP experiences, complimentary tickets and more.

ACI Worldwide Achieves 2013 SWIFT Certified App Accreditation

SWIFT has awarded the 2013 SWIFT Certified Application Payments label to ACI Money Transfer System™ for the sixteenth consecutive year. The SWIFT accreditation for payments recognizes that Money Transfer System supports SWIFT’s highest requirements for the processing of payments. ACI has also integrated the updated SWIFTRef directories within Money Transfer System – showing ACI’s commitment to providing customers a smooth transition to the new directories. In addition, ACI Global Trade Manager™ achieved the 2013 SWIFT Certified Application Supply Chain Finance for the sixth year in a row. The label is granted to trade finance applications supporting SWIFT Trade Services Utility (TSU) messages and workflows.

PULSE to Deploy Paydiant mPayment

PULSE debit/ATM network and Paydiant cloud-based mobile wallet and offer redemption platform, are working together to provide an easy-to-use mobile commerce solution for PULSE participants. The Paydiant solution will enable PULSE financial institution and merchant partners to quickly deploy contactless payment and cash access functionality to better serve their mobile-minded customers. Paydiant’s mobile wallet platform is software-based and works with both new and existing smartphones – including iPhone® and Android™ devices already in the hands of millions of consumers. It also works with existing point-of-sale (POS) terminals used by participating merchants today without requiring new hardware.

Lootsie Launches In-Game Rewards Program

Lootsie, a new rewards program for mobile, social and casual games that benefits gamers, game developers and advertisers alike, launched today for iOS and Android platforms at Casual Connect USA. Lootsie is an unintrusive rewards layer that doesn’t disrupt or compete with the gaming experience. The platform rewards players for reaching in-game achievements, making purchases and engagement activity, providing them with points they can redeem for real-world goods such as gift cards, prizes, special offers and more. Lootsie comes to market several developers, including Babaroga, One Spear Entertainment, First Post Studios, Sabertooth Interactive, Matty Rich Games and Social Gaming Network (SGN) When users play Lootsie-enabled games, they receive a notification bar – similar to a text message – as they reach achievements the developer has set, alerting them to a Lootsie Point value they’ve earned for that achievement and what rewards they may be able to redeem. Gamers can redeem Lootsie Points at their convenience in the game, via the Lootsie app (coming soon), or online at

NCR 2Q/13 Revenue Up 9% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NCR reported 2Q/13 revenue of $1.54 billion, up 9% from the year ago figure, and income from continuing operations of $86 million, compared to the year ago figure of $89 million. An identification of those special items, and the impact of pension and those special items on income from continuing operations…

UniCredit Bank Deploys Fiserv Money Mgr Solution

Fiserv partnered Mellon Ukraine to offer UniCredit Bank its “Currency Manager” solution to optimize the bank’s cash reserve levels and maximize transportation capacity. The Integrated Currency Manager from Fiserv is a web-based cash supply chain management and optimization tool that automates precise cash forecasts for multiple cash points, including ATMs, branches, vendors and vaults. It combines complex forecasting functionality with historical trends to reduce currency outages and expensive emergency deliveries to restock empty ATMs. It also optimizes transportation schedules. Through accurate forecasting, the solution eliminates excess currency inventories, increases the availability of capital for investment and ensures cash points are stocked.