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

USA Technologies Helps Kiosk Customer Reach More Consumers

USA Technologies highlighted the launch of a new self-service kiosk for ladies’ flats by its customer, Flat Out of Heels. The customized kiosk was created for Flat Out of Heels owner by ESON Design Partnership and incorporates USAT’s ePort cashless payment technology. USAT provides developers and OEMs of unattended, automated technology with simple and secure integration to USAT’s ePort Connect® suite of cashless payment services. The ePort EDGE® and G-series are available with hardwired payment interfaces such as serial and pulse and include cellular wireless connectivity to USAT’s network. For computer-based applications (Windows or Linux), USAT offers a Web service, QuickConnect™.

CashStar Sees Continued International Growth

CashStar digital gifting company added more than a dozen global retailers and restaurants to its B2C and B2B digital gifting platform, and has expanded into new international markets, becoming the largest operator of consumer eGifting programs for retailers outside of North America. Already the largest provider within North America, CashStar is experiencing a record-breaking year across the business. A number of brands are now using the CashStar platform for their plastic gift card programs online. These brands now have a full-service one-stop shop for all their online gift card needs, and benefit from a unified and integrated ordering and delivery experience, as well as the same best-in-class fraud monitoring and risk mitigation. CashStar is the only company in the industry that guarantees zero fraud and maximum revenue from valid orders. CashStar also expanded its international presence with several new client wins in the UK, Australia, New Zealand, Hong Kong, and the entire European Union.

Wincor Nixdorf Expands Globally

Wincor Nixdorf is opening a new representative office in Nigeria. This is intended to support the company in implementing the country-specific requirements of its partners and customers more rapidly and precisely in the form of tailored technology solutions. In addition, a local presence will improve customer service even more in order to support the business expansion with solutions from Wincor Nixdorf. Measured in the number of delivered ATM units, Wincor Nixdorf is already the clear market leader in Nigeria and No. 2 in Africa as a whole. Among its customers are nine of the ten largest Nigerian banks. And the potential is immense: according to the Central Bank of Nigeria (CBN), the country’s dynamically growing financial institutions plan new installations of up to 70,000 ATMs over the next ten years.

Banamex Deploys EMV-Compliant mPOS

BANAMEX launched iAcepta Móvil Banamex, an application developed by Stratus Technologies Mexico / Central America called S-Pay mobile POS. Compatible with handheld devices to make completely secure mobile payments, the immediate benefit is that those providing goods or services can take payment from their clients immediately and securely using credit or debit cards with an incorporated chip. This is the first mPOS solution from BANAMEX that meets EMV certifications and can accept payments from MasterCard or Visa chip cards. To build this solution Stratus worked with its Ecuadorian partner B-Wise (Business Wise), which is a pioneer using this technology in the continent.

Goodsmiths Deploys PayAnywhere API for mCommerce

PayAnywhere mobile POS was selected by Goodsmiths to power mobile payment capabilities for Goodsmiths’ popular Swipe mobile app. The PayAnywhere API offers an easy way for mobile app developers to add mobile payment capabilities to their new or existing mobile apps. The Goodsmiths Swipe app empowers shop owners to take their online shops to market. Swipe is the only app that syncs shop owners’ handmade shops with their mobile device. With Swipe, shop owners can easily track sales and inventory from their Goodsmiths shop at shows and markets, accept mobile credit and debit card payments on the go, enter deal prices and add new items on the fly, and benefit from advanced business intelligence based on detailed, real-time sales reports. Additional Swipe features include secure encrypted transactions, no transaction fees for the first 30 days and a low 2.69% transaction fee after that for all swiped cards (Visa, MasterCard, Discover, and American Express), no Goodsmiths transaction fees, the ability to enter cash purchases, and 24/7 customer support.

Cryptomathic upgrades CardInk for mPayment

Responding to increasing demand for mobile payments, e-security expert Cryptomathic has upgraded its EMV flagship issuing solution, CardInk, to enable customers to issue payment applications to smartphones and other mobile devices. The upgrade sees CardInk supporting MasterCard Mobile PayPass™ and Visa Mobile requirements. The ability to use a mobile device to make a near-field-communication (NFC) payment at the point-of-sale (POS) or to transfer funds remotely is gaining widespread popularity across the globe. The extended functionality of CardInk, Cryptomathic’s EMV data preparation solution, allows users to generate the personalisation data for mobile wallet credentials and to securely issue NFC payment applications to smartphones, using the same systems as when issuing physical payment cards.

Allied Payment Partners, Expands mBill Payment App

Allied Payment Network online bill payment services and Malauzai Software mobile banking SmartApps announced Picture Pay is now available to any financial institution as a stand-alone mobile bill payment solution, even those that use a different mobile banking provider. Picture Pay can now be implemented by any bank or credit union as a separate mobile application. The stand-alone Picture Pay solution is compatible with any core banking system or mobile platform and no technology integrations are required. The app allows users to complete a payment by take a photo of the bill statement, confirm the amount to be paid and submit the payment to the financial institution.

Consumers Rack Up Card Debit to Levels Not Seen in Months

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] With the total outstanding revolving US consumer credit up a staggering 8.25% in May to an adjusted $857B, it erased all positive momentum seen in 2013, springing to the highest outstanding total of the year. Although quite the change compared to recent monthly figures, May revolving credit outstanding is still not…

Izyi Payments Startup Raises $1.4mm

iyzi Payments announce that they received Series A investment of 1.4 million US dollars. iyzi Payments will use the investment to accelerate the company’s growth in Turkey. iyzi Payments was founded in 2012 with the vision of becoming the leading payment service provider in Turkey. iyzi Payments launched its first product iyzico in April 2013, bringing a completely new and easy approach to implementing card payments for eCommerce companies. With iyzico merchants can host their payment solution themselves and still be PCI-compliant. To customize the payment process, a library of ready-made widgets is available, which can be adapted to the merchant’s own specifications in a fully flexible manner. With iyzico, iyzipayments is taking cutting edge solutions similar to Stripe to the booming Turkish eCommerce market.

payvia Partners Mobile-XL on mPayment Solution

payvia direct carrier billing mobile payments partnered to integrate its mobile payments technology with Mobile-XL, whose feature phone browsing platform provides access to digital services such as Facebook, Twitter, email, news, sports and games for millions of people in Africa and India. Mobile-XL browsers use SMS as a data channel, creating an innovative solution that gives feature phone users access to a wide range of digital content. By adding payvia’s mobile checkout into services on the Mobile-XL browser, the partnership will let consumers purchase digital goods and services with two-click payments made from their prepaid carrier airtime. This means that millions of feature phone users will have a fast and secure way to transact across services like social media, communications, news and games, without requiring a bank account or credit card.

Commerce Trust Company Introduces World Elite MasterCard

The Commerce Trust Company, in conjunction with Commerce Bank, is offering its clients greater flexibility and security for their purchases at international locations by adding the new World Elite MasterCard® product to its private banking card portfolio. The chip-enabled World Elite MasterCard offers private banking clients improved ease of use when travelling internationally, no foreign transaction fees, and enhanced reward options. The World Elite MasterCard has no preset spending limit and provides cardholders with airport lounge club membership, one-day card replacement delivery to U.S. and global destinations* for lost or stolen cards, and a dedicated 24/7 customer service line and enhanced servicing.