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

TSYS Posts 2Q/13 Results, NetSpend Acquisition Impact

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS reported results for the second quarter of 2013 and raised its 2013 guidance to include the acquisition of NetSpend Holdings. For the second quarter, total revenues were $478.4 million, an increase of 3.4% as compared to 2012. Total revenues were impacted by a decrease of $3.0 million in reimbursable items…

TSYS Posts 2Q/13 Results, NetSpend Acquisition Impact

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS reported results for the second quarter of 2013 and raised its 2013 guidance to include the acquisition of NetSpend Holdings. For the second quarter, total revenues were $478.4 million, an increase of 3.4% as compared to 2012. Total revenues were impacted by a decrease of $3.0 million in reimbursable items…

TSYS Posts 2Q/13 Results, NetSpend Acquisition Impact

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS reported results for the second quarter of 2013 and raised its 2013 guidance to include the acquisition of NetSpend Holdings. For the second quarter, total revenues were $478.4 million, an increase of 3.4% as compared to 2012. Total revenues were impacted by a decrease of $3.0 million in reimbursable items…

TSYS Posts 2Q/13 Results, NetSpend Acquisition Impact

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS reported results for the second quarter of 2013 and raised its 2013 guidance to include the acquisition of NetSpend Holdings. For the second quarter, total revenues were $478.4 million, an increase of 3.4% as compared to 2012. Total revenues were impacted by a decrease of $3.0 million in reimbursable items…

Intellitix Cashless Payments Serve Harley Davidson Event

Intellitix, the world’s leading RFID solutions company for live events, launched the industry’s most advanced cashless payment system last month. Harley Davidson’s key European event, Open Road Festival, became the first in the world to adopt Intellipay, using RFID for cashless payment across the site, as well as for all access control and social media integration. All attendees including general admission, staff and VIPs were issued with RFID wristbands (supplied by ID&C) which were also used to enter and exit the site, and to instantly post status updates and photos from various sponsor zones and other areas to their Facebook walls. Adding extra security, bike license plate numbers were stored on their owner’s wristbands to ensure only the owners could leave site with the bike.

LendProtect UK and Yodlee Intro Underbanked Platform

LendProtect UK underbanked consumer data, analytics and risk scoring solutions on those who are underserved by traditional banking channels in the UK, announces today a partnership with Yodlee Interactive to launch a new service, BankLogic. BankLogic is a platform that enables lenders to seamlessly access bank account information from LendProtect — account ownership, deposits, transaction details and balances — to more accurately evaluate a borrower’s credit risk. Utilising BankLogic, lenders are able to see 90 days of their prospective customers’ banking behaviours, including all deposits and individual transactions to payees. This additional information allows lenders to more concisely evaluate risk involved in the short term loan offering, lower the risk of the loan going into default, more accurately assess affordability for the consumer and increase conversion and profitability.

Allpoint and Discover Deploy Surcharge-Free ATMs

Allpoint Network announced that it has joined with Discover Financial Services to provide millions of Discover cardmembers with surcharge-free access to cash through 43,000 Allpoint ATMs in the United States. Allpoint Network is an affiliate of Cardtronics, Inc., the world’s largest retail ATM owner, and its surcharge-free ATMs are conveniently located coast-to-coast, in destination retail outlets including major discount retailers, as well as convenience, grocery and pharmacy stores”places that are already part of people’s daily routines. As America’s largest surcharge-free ATM Network, Allpoint helps more than 1,200 financial services providers, representing more than 60 million cardholders, save time and money when accessing their cash.

New Members Appointed to Elan Advisory Board

Elan Financial Services added to the panel of credit union leaders who regularly meet to share with Elan their insights into the credit union industry. These include Donna Alley Myers, Vice President, Consumer & Indirect Lending at Tennessee Valley Federal Credit Union based in Tennessee; Allan Stevens, Vice President of Lending at Franklin Mint Federal Credit Union based in Pennsylvania and Leslie Bumgarner, CEO at Telhio Credit Union based in Ohio. Elan Financial Services serves 300 credit unions with best-in-class credit card products and rewards that meet the unique needs of every customer. Elan’s end-to-end solution also includes card servicing and marketing as well as branch support.

Discover Posts 2Q Net Income up $75mm

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services reported net income of $602 million for the second quarter of 2013, as compared to $525 million for the second quarter of 2012. The company’s return on equity was 23%. Credit card loans grew $2.3 billion, or 5%, to $49.8 billion and Discover card sales volume increased 4%…

MoneyGram Partners Banco Espírito Santo

MoneyGram announced that it has signed an agreement with Banco Espírito Santo, one of Portugal’s largest banks, and is now offering its funds transfer services at bank locations across the country. The agreement boosts MoneyGram’s presence in Portugal and brings added convenience to both BES and MoneyGram customers. According to the Portuguese Immigration Observatory, the number of Portuguese immigrants increased to nearly three million, with destinations including Angola, France, Brazil and Switzerland. According to Bank of Portugal’s latest figures, the country received nearly $3 billion and sent nearly more than $500 million in 2012. MoneyGram’s services enable customers in Portugal to send and receive funds both domestically and internationally.

AB Implements ECS electraiTx ATM & Card Payment Offering

ElectraCard Services (ECS) software solutions and processing services for electronic payment systems, announced that AB Bank, the first private sector bank in Bangladesh, has chosen ECS’s electraiTx series – the latest version of the electra payment suite to run their ATM network and process credit and debit cards. ECS has provided AB Bank with their PA-DSS certified electraSWITCH, electraDEBIT and electraCREDIT solutions from the product suite. AB Bank runs a domestic network of 230 ATMs and is looking to rapidly expand their services within the country and expects to double their card users by 2015. They are leveraging ECS solutions to implement a safe, secure and convenient platform for enabling all their payment requirements. The electra iTx series platform is a next generation PA-DSS certified secure transaction platform, built from the ground-up on open standards and industry best-practices to support the service oriented architectures (SOA).

EE Implements PrePay Solutions for New Service

PrePay Solutions will be facilitating the payment technology for EE’s “Cash on Tap” service, a ground-breaking mobile payments solution. PrePay Solutions will be providing e-Money issuing, BIN sponsorship, and transaction processing services for the Cash on Tap product. This will be supported through a proprietary mobile application service that enables a mobile App and NFC phone to provide an extensive set of payment options. This includes NFC payments through MasterCard PayPass; Online payments via a virtual MasterCard; and Application via mobile App. “Cash on Tap” can pay for goods and services by simply holding their smartphone over a PayPass contactless payment terminal.