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

EBA Clearing to Partake in MyBank pilots

EBA CLEARING has issued a call for participation in its MyBank E-mandate Pilot to banks and service providers at the EBAday payments conference to test the MyBank E-mandate solution for SEPA Core Direct Debits with regard to reliability, security and usability. The testing will involve banks, service providers and corporates which will ensure in co-operation that the different components of the MyBank E-mandate solution work together seamlessly before the solution will be rolled out. Service providers can participate in the testing either directly or through a partnership with a participating bank. Banks are invited to join the pilot with a corporate customer to ensure that the end-to-end testing fully meets the requirements and expectations of all stakeholders.

NCR and LevelUp to Deploy mPayment

NCR Corporation (NCR) announced an agreement for LevelUp to integrate their mobile payment and loyalty solution into NCR’s restaurant POS systems, giving restaurants another way to accept mobile payments and market to their customers. The integration will provide restaurants with an easy-to-use digital payment method and offer consumers a seamless experience when paying for their meal with the LevelUp application. LevelUp will initially interface with the industry-leading NCR Aloha POS using a site-based integration, while in parallel developing its solution for deployment via NCR Cloud Connect expected later this year and will be one of the first to integrate into Cloud Connect, a new hosted infrastructure that will allow leading third parties to integrate, maintain and deploy their solution across NCR’s install base of more than 100,000 locations on the Aloha, Radiant POS and Advanced Restaurant System platforms.

Huntington Bank Commercial Card Offers Payables Automation, Rebates

Huntington Bank began streamlining invoice and expense payment workflow processes using the MasterCard-branded Huntington commercial credit card. The card combines online card and data management tools and provides a unique monthly rebate payment. Introduced at a time when total estimated U.S. commercial card spend on indirect and direct purchasing will reach $200 billion in 2013, Huntington is now offering a comprehensive set of products for its award-winning treasury management services. This will improve working capital by paying suppliers but deferring cash outflow for up to 50 days, without a finance charge while rebate payments are available up to 13 months sooner than those provided by typical card issuers with annual or single rate scheduled rebates that usually pay out in February of the following year. Huntington’s monthly tiered rebate measure and payment structure is unique, giving customers the opportunity to more quickly pocket higher returns corresponding with monthly spikes in spend volume during the year.

Mako Networks Expanded PCI DSS Certification

Mako Networks completed its fourth consecutive PCI DSS audit, certified as a Level 1 service provider”the highest level of qualification attainable. Mako was additionally certified for its Wi-Fi networking capabilities, now included as standard in its award-winning Mako 6500 series network appliances. Wi-Fi functionality was added during 2012, and with PCI DSS certification it can now be used to transmit and process credit card data – a key feature in modern retail commerce. Mako’s audit was conducted by Verizon Business of Australia, led by a Qualified Security Assessor (QSA) that reviewed Mako’s product design and software code, business processes, documentation, facilities and more to verify that Mako operated in accordance with the full PCI DSS criteria.

Xoom & Vesta Partner on International mTransfers

Xoom digital money transfer provider, and Vesta Corporation, mobile payments provider, announced a partnership to offer international money transfers using mobile devices. The Vesta PayMobile wallet allows users to top-up their prepaid iPhone and Android devices with some of the largest carriers in the US. Through this partnership, the Vesta wallet will also provide subscribers with access to Xoom’s money transfer services directly from their smartphone. Through the wallet app built by Vesta, users will be able to sign up for the Xoom service, and send money to friends and family in Latin America, the Philippines, India, Europe, Australia and South Africa from their smartphone.

NCR Partners Jamba Juice, PayPal on Mobile Ordering

NCR Corporation is working with Jamba Juice, in collaboration with PayPal, on a series of customized mobile solutions, including a Jamba Juice branded iOS® and Android™ mobile ordering and payment solution. This ordering functionality is available today in select Jamba Juice locations via the PayPal app to millions of customers and allows consumers to place mobile orders and pay directly from their smartphone. The customized mobile ordering solution will seamlessly integrate with the NCR Aloha point-of-sale (POS) platform. It is expected to improve speed of service and offer a differentiated experience to Jamba Juice customers, enabling them to skip the line to pick-up their order.

Americans Pay Down Debt as Unemployment Wanes

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] When superimposed over one another, unemployment and consumer credit outstanding swells and lulls indicate very positive correlation. With the total outstanding revolving US consumer credit up 7.75%. in February to an adjusted $848B, it slowed in March to $846B. Meanwhile, payroll employment was up 165,000 in April as the unemployment conversely…

KBC Bank Ireland Deploys Dovetail Payments Services

Dovetail next generation payment services hubs announced that KBC Bank Ireland selected, implemented and gone live with SEPA Credit Transfers on the Dovetail Payment Services Hub. The other functionality on the Payments Hub is scheduled to go live in stages in H1 2013. The KBC Bank Ireland program is a rich SEPA solution supporting full SEPA Credit Transfer and Direct Debit processing for mandate management, full Debtor and Creditor Services as well as automatic processing of all ‘R’ messages from clearing channels and clients. The implementation was based on Dovetail’s standard SEPA Reference Solution and took three months from initial kick-off to live operation.

OTI to Fill Order for 30,000 NFC and Contactless Payment Readers

On Track Innovations received a blanket order for 30,000 of its NFC and contactless payment readers for use in North America from a global leader of integrated technology solutions in the retail petroleum industry. OTI plans to deliver the entire order to its customer this year and expects additional revenues for providing support services to the customer. OTI expects to receive follow-on reader orders from this customer later this year. OTI worked closely with the customer to create a custom-built antenna (hardware) and support the various contactless payment schemes (application) on the reader itself, ultimately providing the customer with an OEM kit to fit the customer’s wide range of products. OTI was chosen over its competitors for its proven ability to solve the customer’s specific needs based on its know-how and extensive intellectual property.

OTI to Fill Order for 30,000 NFC and Contactless Payment Readers

On Track Innovations received a blanket order for 30,000 of its NFC and contactless payment readers for use in North America from a global leader of integrated technology solutions in the retail petroleum industry. OTI plans to deliver the entire order to its customer this year and expects additional revenues for providing support services to the customer. OTI expects to receive follow-on reader orders from this customer later this year. OTI worked closely with the customer to create a custom-built antenna (hardware) and support the various contactless payment schemes (application) on the reader itself, ultimately providing the customer with an OEM kit to fit the customer’s wide range of products. OTI was chosen over its competitors for its proven ability to solve the customer’s specific needs based on its know-how and extensive intellectual property.

Logicalis IaaS Now PCI DSS Compliant

Logicalis international IT solutions and managed services provider announced that it has met a set of PCI DSS compliance standards for its multi-tenanted Infrastructure-as-a-Service platform, enabling UK customers to confidently adopt its cloud and data centre services as part of their wider PCI DSS compliance programs. The fully PCI compliant certification at Logicalis provides an assured foundation for businesses on the path to meeting and maintaining compliance in an increasingly complex regulatory environment.

Accenture Acquires Acquity eMarketing

As part of a definitive agreement, Accenture will acquire Acquity Group, a leading digital marketing and eCommerce company. Accenture has agreed to pay $13.00 per outstanding American Depositary Share, each of which represents two ordinary shares ($6.50 per ordinary share), or a total of approximately $316 million, in cash for Acquity Group. Acquity Group provides strategy, digital marketing, and technical services to hundreds of companies to enhance their brand experiences and eCommerce performance. The acquisition will broaden Accenture’s own services in these areas, which the company provides through Accenture Interactive, its group that offers chief marketing officers (CMOs) and brand leaders a comprehensive suite of marketing, technology and analytics solutions to help them improve their marketing performance. Acquity Group is the second-largest independent digital marketing company in the United States.