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

U.S. Consumer Credit Remains in Low Single Digits YOY in May

U.S. Consumer Credit Remains in Low Single Digits YOY in May

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] May U.S. consumer revolving credit card debt remains weak growing at an annual rate of +3.0%, compared to a revised +1.7%% in April and a revised +13.2% in March. Overall consumer credit increased at a seasonally adjusted annual rate of +6.2% in May. Non-revolving credit increased at an annual rate of…

Mercator Ankles Iacobuzio as Senior Manager

Mercator Ankles Iacobuzio as Senior Manager

Mercator Advisory Group has ankled Theodore Iacobuzio to the firm’s senior management team as Managing Director of Custom Research and Consulting Services. Most recently before joining Mercator Advisory Group, Ted was responsible for Global Insights, MasterCard Worldwide’s interdisciplinary thought leadership organization. With Global Insights he produced groundbreaking work in consumer acceptance of mobile payments technology,…

Defying Forecasts Late Stage Delinquency is Moderate

Defying Forecasts Late Stage Delinquency is Moderate

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers edged down 1 basis points (bps) sequentially, but up 5 bps year-on-year (YOY) for the first quarter (1Q/16). Early stage delinquency, the precursor of 90+ day delinquency, among the peer group, also declined in 1Q/16. For…

Visa and MC U.S. Credit & Debit CIF Break 1.2B

Visa and MC U.S. Credit & Debit CIF Break 1.2B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. cards-in-force (CIF) for Visa and MasterCard payment cards (credit & debit) increased 6.5% year-on-year (YOY) in the first quarter (1Q/16). U.S. credit cards increased 7.4% YOY while CIF for debit cards rose 5.7% YOY, in 1Q/16. There are were 1218 million Visa and MasterCard payment cards in circulation in the…

U.S. Credit Card GTX Continues Outpace Debit Cards YOY

U.S. Credit Card GTX Continues Outpace Debit Cards YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 11.9% year-on-year (YOY) in the first quarter (1Q/16).  U.S. GTX for credit cards jumped 12.9% YOY while U.S. GTX for debit cards increased 11.5% YOY in 1Q/16. Visa’s U.S. GTX for credit cards rose 12.2% YOY as…

Romania to Offer Card Payments via Mobile Point-of-Sale (mPOS)

Romania to Offer Card Payments via Mobile Point-of-Sale (mPOS)

GoSwiff, UniCredit, and MasterCard have formed a partnership to launch mobile payments in Romania. The partnership is created to enable Allianz-Tiriac Asigurari agents to start accepting card payments with mobile point of sale (mPOS) for the insurance policies issued by the company. Allianz-Tiriac Asigurari is the first insurance company in Romania to offer this solution,…

Seamless Expands SEQR to 16 Countries; Tops 3.7B Transactions Annually

Seamless Expands SEQR to 16 Countries; Tops 3.7B Transactions Annually

Stockholm-based Seamless is establishing its mobile payment solution SEQR in four more countries. The company’s rapid expansion means that consumers can now use SEQR to make payments in 16 countries. SEQR is already available in Sweden, Finland, Romania, Belgium, Portugal, the Netherlands, Germany, Spain, France, Italy, the UK and the US. SEQR enables anybody with…

UnionPay Unveils First Open Cross-Border Marketing Platform

UnionPay Unveils First Open Cross-Border Marketing Platform

UnionPay International and its first partners jointly announced in Shanghai the launch of “优计划”, the world’s first open cross-border marketing platform developed by a bankcard scheme. The partners involved in developing the platform include Bank of China, China Merchants Bank, CYTS, Ctrip, Spring Airlines, SaSa Hong Kong, Prince Jewelry & Watch, LUKFOOK JEWELLERY, and ISA.…