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.

Logic Group P2PE App PCI Accredited

The Logic Group Payment Service Provider announced its “Solve DataShield” Point to Point Encryption (P2PE) app is the first in the world to be accredited by the Payments Card Industry Security Standards Council. The Logic Group builds on its success in enabling merchants to significantly improve the security across all their channels and continues to drive and influence the payment service industry. PCI P2PE accredited Solve DataShield encrypts cardholder data within the PIN Entry Device’s secure processor before passing it across a merchant’s estate for onward processing of the payment. The application forms part of a simple ‘out of the box’ solution that self-activates as soon as the card device is connected to the merchant’s Point-of-Sale terminal.

MasterCard Deploys Kalixa Acquirer Card Testing

Perpetuating a six-year partnership, MasterCard selected the Kalixa Group to issue a version of its award winning Kalixa Pay prepaid card to every newly accredited acquirer for testing. The card enables live testing of MasterCard acceptance – including online and PayPass transactions – to ensure a simple, seamless and secure integration process for every new acquirer joining the MasterCard network. The Kalixa prepaid card, allows testing in live-mode across any kind of payment acceptance including POS, ATM, stand alone and integrated terminals. Foreign currency transactions, and Chip and PIN authentication capabilities can also be tested using the card. Additionally, the Kalixa card will be used during MasterCard’s Acquirer-End-to-End-Demonstration (AETED) service, delivered by MasterCard accredited service providers to acquirers.

Handpoint Launches Chip & PIN mPOS

Handpoint mobile payments launched its new Chip and PIN mPOS system for small, medium and enterprise merchants, making available to any merchant a simple and secure way to accept Chip and PIN card payments with a mobile device. To address the complex security and IT requirements of larger merchants, the Handpoint mPOS can be adopted across multiple mobile platforms using the Handpoint API, while enterprise-level security is delivered by a point-to-point encryption on the Handpoint Chip and PIN card reader. The Handpoint Chip & PIN API enables merchants to easily adopt MPOS across multiple mobile platforms (iOS, Android, PC, WinMobile/WinCE) and integrate MPOS with their existing checkout systems. The API is also supported by an extensive Software Development Kit (SDK), freely available via the Handpoint website, and allows merchants to use their existing checkout systems on mobile devices, saving months of development timme in the process.

Heartland Financial Elects New Board Member

Heartland Financial USA announced Duane E. White was elected to the company’s Board of Directors. White is a founding director and investor in Minnesota Bank & Trust, a Heartland subsidiary established in 2008 with current assets of $127 million and a partner at Aveus, a management consulting firm. In his role, Mr. White provides executive level consulting to a variety of firms, focusing on improving performance and enhancing shareholder value with a particular focus on the financial services and health care industries. Prior to joining Aveus, he served as Managing Director at Polihua Holdings LLC, a consulting firm working with companies in the financial services and healthcare industries. Through his position with Polihua Holdings, Mr. White served as a consultant to Total System Services, Inc. (“TSYS”), leading TSYS’s healthcare initiatives, eventually joining the company as President of TSYS’s healthcare division.

APR Averages Continue Steady Decline

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs saw the most change in May since January, dropping .02% to 14.93% after averaging a .04% change over the past year. This offers continued momentum to the ebbing 2013 APR credit card averages. This improvement, as trivial as it may be, follows a relatively lengthy period of…

DataCash Partners MoPowered mCommerce

DataCash partnered with MoPowered mobile commerce, allowing its merchants to meet the needs of a demanding mobile market by using MoPowered’s secure SaaS platform technology. This will also give retailers the reassurance and reputational advantage of providing customers with the best and most secure of payment services. MoPowered allows merchants to make the most of the growing smart phone adoption in the UK with optimised mobile websites and create another point of sale for existing and new customers.

BPC Banking Technologies Expands P2P Service Partnership

BPC Banking Technologies Open System e-payment solutions implemented its P2P money transfer service for Alfa-Bank, Russia. Available on ATMs and via Internet Banking, the P2P service delivers card-to-card transfers for MasterCard and Visa cardholders in Azerbaijan, Armenia, Belarus, Kazakhstan, Moldova, Russia and Ukraine. Alfa-Bank cardholders may make P2P transfers, via the ATM network, to recipients with cards issued by any CIS bank. For P2P transfers through Alfa-Bank’s internet banking channel, the cardholder may use Visa card issued by Alfa-Bank and MasterCard card issued by any bank of these 7 countries, in both rubles and US dollars. All transactions are secure and comply with MasterCard SecureCode and Verified by VISA.

Chase Paymentech Eases PCI Compliance Burden

Chase Paymentech Europe, a subsidiary of JPMorgan Chase Bank, N.A. and leading global merchant acquirer and payment processor, launched Dynamic Hosted Payments Page, a technology that helps European online merchants improve security. When merchants submit a payment transaction using the Dynamic Hosted Payments Page, they do not store, process or transmit cardholder payment data. This helps the merchant lower its Payment Card Industry (PCI) compliance responsibilities at both the acceptance and storage level. Instead, online shoppers upon checkout are seamlessly taken to a Chase Paymentech secure page for final payment processing. The Orbital Payment Gateway features Customer Profile Management; an Account Updater; “3D Secure” for authentication without merchants handling the card data; and Chase “Safetech” Fraud Tools with real-time analysis through advanced, fraud-fighting technologies.

Fortumo Inks Carrier Billing Partner

mPayments provider Fortumo has signed Global Framework Agreements with leading operator groups Telefónica and Telenor to bring direct carrier billing services to 460 million additional subscribers worldwide. Using the BlueVia Payments API to charge purchases to their mobile operator bill, users in more than 30 countries will now be able to purchase digital goods over the web and on Android, Windows 8 and Windows Phone devices. Fortumo’s in-app purchasing SDK has become developers’ preferred choice for mobile operator billing and in-app purchasing on Android, Windows Phone and online. It is already used by a lot of top developers such as Rovio, Popcap, Gameloft, Digital Chocolate, Vostu, Game Insight, Alawar and many others. Fortumo’s mobile payments platform, including direct billing connectivity to Telefonica and Telenor is available to all developers looking to accept global mobile payments.

First Data to Market MPayMe mPayments

MPayMe mobile solutions and First Data partnered to offer mobile payment solutions in key markets in Asia Pacific. MPayMe and First Data will work exclusively together in Asia Pacific, and First Data will be the sole distributor and reseller of ZNAP across the region. MPayMe’s ZNAP is a mobile business and payment solution that uses QR codes to offer a secure, flexible, convenient and consistent experience for bill payment, mobile, online, printed advertising and in-store. This alliance will allow consumers to pay bills and buy goods without having to go to a kiosk or convenience store, or logon through a time-consuming online verification process. Consumers can make payments through a combination of credit/debit/prepaid, coupons and loyalty instruments all through one integrated application.

Net Element Set to Acquire Cloud-Based POS

Net Element International electronic commerce and mobile payment processing entered into a binding term sheet to acquire Aptito, a next generation, cloud-based point of sale platform for restaurants and operate it through TOT Group (“TOT”), its mobile payments and transaction processing holding company. TOT is a multinational mobile payments and transaction processing holding company which provides a unique range of flexible online and offline payment solutions. Clients include wireless carriers, content providers and merchants. TOT delivers comprehensive, end-to-end payment solutions to enable merchants to reliably accept cashless transactions at the point of sale (POS). Aptito is a next-generation, cloud-based payments platform, which brings online consumer experience into offline commerce environments via tablet, mobile and all other cloud-connected devices. Aptito’s Restaurant mPOS solution provides restaurants with tools to increase sales, productivity, and customer loyalty.

Users Select Kount as Top Fraud/Security Solution

Those who rely on Kount Complete to protect and grow their business chose Kount as the Customer Choice for Fraud/Security Solution at the CNP Expo Awards ceremony on May 22. Built by a leading online merchant to protect itself from the rapidly evolving world of fraud, Kount drastically minimizes the impacts of fraud for every client and partner provides based on the extensive capabilities of its fully integrated solution. When compared to its competition, Kount earns both the business and vote of its customers, earning it the distinction of Customer Choice for Fraud/Security Solution. CNP Expo sessions cover an expansive range of merchant e-commerce and CNP concerns including fraud, chargebacks, recurring billing, PCI compliance, alternative payments, mobile payments and new regulations.