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.

Cellum Launches Subway Passenger mPayments

Vivacom and Cellum Bulgaria has held a joint demonstration of a technology for purchasing and using e-tickets via mobile phones on Bulgarian subway lines. The mobile payment solution is based on QR codes and can be implemented in the next 7-12 months. It was pointed out by Stoyan Bratoyev, CEO of Sofia Metropolitan that the first positive step has been made and the technical solution has proven to be reliable. The next step to take concerns procedural decisions for bringing the solution and the current regulations of the Municipality in line with each other. Cellum Group has launched its first complex mobile payment solution in Bulgaria, named CellumPay, merely half a year after the founding of its Sofia-based subsidiary. Following the first few months of the introductory phase, this new announcement marks a new milestone in the company’s history. The e-ticketing service will be integrated into CellumPay, thus users will be able to purchase subway tickets through the application.

KBank Enlists Diebold’s Personalised ATM services

Kasikornbank Public Company Limited (KBank) is delivering highly personalized consumer experiences at the automated teller machine (ATM) with a new solution from Diebold. The Diebold Keep In Touch (D-KIT) customer relationship management (CRM) solution combined with Agilis® 3.0 multi-vendor Software enables KBank customers to personalize ATM screens and save favorite transactions for quick access. Diebold is implementing the CRM solution while adding 700 new Opteva® 529 and 569 ATMs to KBank’s fleet of nearly 7,000 Diebold terminals. In addition, Diebold is providing outsourced services that support KBank’s ATM personalization deployment strategy. KBank’s new Opteva® 529 and 569 ATMs using advanced technologies and Agilis 3.0 software provide advanced functionality and enhanced consumer security.

Petro-Canada Implements NCR Software

NCR announced Suncor Energy has selected its “Retalix StorePoint” POS and fuel management software for the company’s Petro-Canada branded retail network. Petro-Canada has more than 1,500 retail outlets across the country and is rapidly expanding its use of technology to enhance shopper experiences and to drive shopper loyalty. Suncor Energy chose StorePoint because the software met the company’s immediate needs and is easily expandable and adaptable to meet future needs. Suncor plans to ramp up marketing and promotions activity at Petro-Canada stores in the near future. This was one of the major considerations in Petro-Canada’s selection of StorePoint. The software supports Suncor’s current needs and can quickly bring new marketing and promotions initiatives to Petro-Canada shoppers as those initiatives are finalized and rolled out.

Ukash Partners Limonetik on Regional Expansion

Ukash online cash service selected Limonetik to help accelerate its expansion in the French e-commerce market. Ukash can be purchased at more than 460,000 locations around the world (currently 57 countries), including more than 42,000 points of sale in France, enabling consumers to use cash to shop, pay and play online safely, securely and conveniently. By working with Limonetik, Ukash will be made available as a payment option on larger e-commerce sites without having to connect to multiple payment platforms (PSP) and without heavy integration with back office merchants.

iyzico Payments Raises $1.4m Expansion Funding

After launching iyzico payment platform, 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. The company founders, Barbaros -zbugutu, a former manager at Klarna, and Tahsin Isin, a former executive at ClickandBuy, inform that they received investment worth 1.4 million US dollars from a group of leading international business angels. With iyzico merchants can host their payment solution themselves and still be PCI-compliant.

CTS Ups Back Office Check and Item Processing Speed

CTS North America branch automation solutions increased the speed of its LS515-SE dual-pocket bulk check and item scanner by 50 percent, further increasing efficiency and streamlining operations for high-volume branches, regional processing centers and remittance and lockbox applications. For financial institutions, the speed upgrade adds to the LS515-SE’s existing durability and provision of increasing back office efficiency at a lower cost and smaller size than competing solutions. Highly engineered front and rear check imaging technology allows the LS515-SE to process 180 documents per minute (DPM), resulting in an even higher rate of production while maintaining its reliability and low jam rates. As a result, banks and credit unions see an immediate improvement in back-counter operations and high-volume bulk check and item processing.

Conference Board Shows Economy on Steady Assent

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Leading Economic Index for the U.S. was up 0.1% in May to 95.2 (2004 = 100), following a 0.8 percent increase in April, and a 0.3 percent decline in March. The LEI six-month growth rate remains steady, suggesting that conditions in the economy remain resilient. Widespread gains in…

Gemalto Partner Deploys Contactless Cards

Gemalto digital security is providing SEB Latvia with Optelio payment cards to deliver the speed and convenience of contactless transport to schoolchildren and seniors in the city of Jelgava, Latvia. The SEB Group is a leading North European financial services group for 400,000 corporate customers and institutions and 5 million private customers. The card, issued by SEB Latvia on behalf of the Jelgava county government, enables speedier boarding and cash-free travel on local buses. Ultimately, the multi-application card will include contactless payment and will be extended to all of Jelgava’s residents. This is the first contactless payment cards ever deployed in Latvia and the Baltic States. Gemalto’s Optelio is a private label payment solution compliant with the EMV standard. Students are able to pay at school canteens, vending machines or at any city facilities, using standard, contactless EMV point-of-sales terminals. Parents can credit the SEB prepaid account at bank branches or online, and set limits on daily expenditure.

MasterCard Appoints LAC Region President

MasterCard announced the appointment of Gilberto Caldart as president of its Latin America and Caribbean (LAC) business, effective August 1. Currently the head of MasterCard’s GeoSouth Division (Argentina, Bolivia, Brazil, Chile, Paraguay, Peru and Uruguay) for MasterCard LAC, Caldart succeeds Richard Hartzell, who will take on a new role as head of MasterCard’s business with merchants and acquirers across its international markets. He joined MasterCard in 2008 from Citi Brazil where he was Country Business Manager, overseeing Retail Bank, Consumer Finance and the Cards business. He holds a Bachelor’s degree in Business Administration and Accounting and an MBA from Duke University.

Burger King Deploys NCR Pulse Smartphone App

NCR Corporation announced that Hybrid Dining, a UK Burger King Franchisee, has implemented the NCR Pulse Real-Time smartphone application, joining the 5500 other sites worldwide. Available for iOS® and Android™ devices, NCR Pulse Real-Time is a SaaS-based mobile analytics engine that helps restaurant operators and owners solve the everyday challenges of low visibility into current operational performance, lack of predictable data and inability to be in several places simultaneously. The application delivers up-to-the-second performance metrics and notifications directly to a user’s smartphone. Operational data is segmented for quick, easy review, such as voids and comps, net sales by hour, employee performance and overtime alerts.

Cognia joins PCI Security Standards Council

Cognia, a provider of global communications services for compliance, risk and productivity, joined the PCI Security Standards Council as a new Participating Organization. Cognia will work with the Council to achieve and improve payment data security worldwide through the ongoing development of the PCI Security Standards, including PCI DSS, PIN Transaction Security (PTS) requirements and PA-DSS. With this, Cognia adds its voice to the standards-setting process and will receive previews of drafts of standards and supporting materials in order to provide feedback to shape their final versions, as well as engage a growing community of more than 600 organizations united to improve payment security. Cognia will also have the opportunity to recommend new initiatives for consideration to the PCI Security Standards Council, participate in webinars and question and answer sessions with Council representatives.