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.

Rototype Launches Cashless ATM

Rototype International unveiled its new ATM, the CJD 8000 Cashless ATM. Rototype’s innovation enables banks to tap into this business segment by enabling a new cashless payment transaction using existing ATM networks. With this, every merchant’s sales transactions will translate into direct deposits into their operating account – thus reducing the need of handling physical cash. Banks will eliminate cash replenishment headaches and reduce non-interest generating cash in traditional ATMs. Banks can provide the Rototype cashless ATM facilities surcharge free to the merchants’ customers while managing their business operating accounts. This strategic partnership reduces the barriers to entry for these merchants in order to conduct cashless transactions in their business.

Fifth Third Bank Launches Stand Up To Cancer Debit Card

Fifth Third Bank announced the launch of the Fifth Third Stand Up To Cancer Debit MasterCard. Stand Up To Cancer is a groundbreaking initiative that facilitates scientific collaboration to accelerate innovative cancer research and bring new therapies to patients quickly. The Fifth Third Stand Up To Cancer Debit Card is now available through any of the Bank’s more than 1,300 banking centers and can be used everywhere Debit MasterCard is accepted. A portion of the annual fee and every qualifying card purchase will support Stand Up To Cancer.

Cardlytics’ Card Marketing Gain Latest Client

Cardlytics Card-Linked Marketing announced its platform has been deployed by San Diego County Credit Union (SDCCU) to provide targeted rewards to their members in San Diego, Riverside and Orange counties. SDCCU implemented the platform through an ongoing partnership between Cardlytics and Fiserv, which provides SDCCU with Corillian Online, the industry’s leading online banking solution. Relevant offers are now presented on each member’s checking account detail page within the credit union’s secure online banking platform – achieved by leveraging information about previous purchases. There are no coupons or promotion codes required and no member data leaves the credit union’s secure environment.

Consumer Delinquencies Plummet

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The improving health of U.S. consumers, according to the latest index results from Fitch Ratings, has seen delinquencies plunge to new lows. In conjunction with a five-year high for consumer confidence in May, U.S. consumers continue to chip away at their debt, which impacts credit card ABS performance. Fitch anticipates stability…

MoneyGram Partners Lebara on International mRemittance

MoneyGram partnered Lebara Mobile, one of Europe’s leading mobile telecoms operators, to offer MoneyGram transfer services over the Lebara Money mobile and web solutions. MoneyGram’s money transfer platform is now integrated within the Lebara Money iPhone and Android mobile payment platform solutions and the Lebara Money website, enabling customers in the United Kingdom — and soon, in Spain, the Netherlands, France, Germany, Denmark and Switzerland — to send international transfers from a mobile phone to more than 320,000 MoneyGram locations in 198 countries worldwide. Lebara customers can now directly connect to MoneyGram’s mobile remittance services global network.

FreedomPay Announces Showcase at Forum

FreedomPay commerce platform announced their Insight Presentation entitled “What Big Data Means to Banks” at the MobeyDay Forum in Barcelona, Spain. The MobeyDay Forum consists of over 250 leading senior mobile executives from banks and financial institutions from over 25 countries. The event has been designed to give market participants access to the latest industry information and answers to crucial issues, pain points, and regulatory updates while offering networking opportunities and reducing the time spent out of the office. FreedomPay offers a cloud-based commerce platform which is revolutionizing retail and enterprise bank processing. The FreedomPay Commerce Platform provides an interactive, open architecture that allows banks to leverage legacy systems and existing data as never before.

SmartStream Partners Alliance Factors on B2B Payments

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, announced a partnership with Alliance Factors, a financial services solutions provider and SWIFT service bureau, based in Russia – to meet the demands of a growing client base in the region. Alliance Factors specialises in business-to-business payments, back-office automation, compliance management and other STP-based solutions. Together with SmartStream they will help the Russian client base address STP driven challenges in the back-office for reconciliations across all asset classes, cash and liquidity management, corporate actions and data management services.

USA Technologies Customer Optimizes Cashless Payment

USA Technologies highlighted its customer, City Vending for its effective use of USAT’s ePort® and ePort Connect® service for cashless payment and telemetry to drive improved business results. City Vending has transitioned from zero to over 300 cashless payment terminals in less than a year and has indicated that it has leveraged USAT’s cashless payment and telemetry offerings to drive improved financial performance, customer retention and consumer satisfaction. City Vending is also using VendSys, a certified VMS (vending management system) supplier that participates in USAT’s DEX partner program. USAT’s DEX Partner Program optimizes customers’ use of cashless payment offerings by integrating USAT’s wireless DEX and telemetry available through its ePort Connect® service.

FreedomPay Commerce Platform Inks New Partnership

FreedomPay Commerce Platform announced its latest expansion partnership with Taco John’s West-Mex quick service restaurant, across more than 400 locations. The cloud-based FreedomPay Commerce Platform takes Taco John’s already progressive business model and puts them on the forefront of technology innovation. The company can now leverage on-demand access to applications and services anytime, anywhere including; gateway payments, incentives, loyalty and enterprise security solutions. A key component of the FreedomPay Commerce Platform is the industry leading consumer app, VIBE®, which delivers mobile payments and mobile incentives to Taco John’s customers on the go.

MasterCard and Kount Partner on Preventing e-Commerce Fraud

MasterCard Worldwide and Kount fraud prevention partnered making MasterCard’s Expert Monitoring Fraud Scoring for Merchants available to Kount merchant customers. MasterCard’s Expert Monitoring Fraud Scoring for Merchants Application Programming Interface (API) improves an online merchant’s ability to detect and prevent fraudulent purchases. With this tool, that leverages the strength of the MasterCard network and data insights, MasterCard provides merchants with a highly accurate predictive fraud score that gives broader insight into card behavior beyond what merchants can see on their own. Kount is the first company to offer the MasterCard Expert Monitoring API to merchants and is integrating the Expert Monitoring fraud score into its advanced merchant fraud prevention platform in order to help e-Commerce merchants minimize the risk of losses resulting from fraudulent online transactions.

Virtual Piggy Appoints VP, Business Development

Virtual Piggy safe youth payments appointed Rika Nakazawa VP, Business Development. Nakazawa brings to the role over 17 years industry experience spanning payments, mobile technology, games and digital media, and retail. Her most recent position was as Vice President of Strategic Partnerships and Business Development at American Express (NASDAQ:AXP). Prior to joining American Express, she served as the Vice President of Business Development and Account Management at Live Gamer, an e-commerce solution provider for gaming and digital entertainment industries. Ms. Nakazawa has also previously held roles at NVIDIA, ACCENTURE and Sony Entertainment.