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.

Consumer Confidence Show Continued Minimal Change

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The April Discover U.S. Spending Monitor was up .25% a point to 93.7, demonstrating continued stagnation in consumer confidence in the economy and their personal finances. Those rating the economy as good or excellent was around 18% while those rating the economy as poor was down one point to 46%, but…

Bancorp Launches UnionPay Travel Prepaid Card

The Bancorp Payment Solutions group will be issuing The UnionPay Travel Prepaid Card for United States residents traveling to Asia. More than 3.5 billion UnionPay cards have been issued internationally and the UnionPay Travel Prepaid Card is the first UnionPay card to be issued within the United States. The card can be purchased at Agent banks and loaded at the bank or online via account to card transfer after micro deposit verification. Though the card is targeted to those planning to travel to Asia, the card will be accepted within the US wherever UnionPay cards are accepted. UnionPay acceptance is growing dramatically and is currently accepted in every major US city.

Allied Payment Network to Present on mBill Pay App

Allied Payment Network online bill payment services will demonstrate at FinovateSpring 2013 its “Picture Pay” mobile bill payment app. The app allows financial institutions’ customers to pay bills using the camera on their mobile device. The “Picture Pay” app lets users take a picture of the bill, enter the amount and date, and the bill is paid. Picture Pay’s technology does the rest by reading the data from the bill, then syncing with the customer’s bank or credit union to process the payment. Additionally, Allied will debut a new functionality to Picture Pay – Voice PayTM – which allows users to pay bills on their mobile device simply by speaking.

Tranzlogic Partners Signature Card Services

Data analytics and marketing firm Tranzlogic ( has partnered with Signature Card Services (, giving the payment services provider an edge in the competitive processing marketplace. Being one of the first to beta test Tranzlogic’s proprietary technology has resulted in increased value and insight they have been able to bring to their merchants. Tranzlogic’s first-of-its-kind data analytics and marketing technology transforms a merchant’s credit card transaction data into actionable customer intelligence. By using Tranzlogic’s sophisticated tools, merchants of Signature Card Services will be able to better define and target their marketing efforts in order to find and keep their best customers.

Cardis wins Contactless & Mobile Award

Cardis International has won the Competitive Advantage category at the Contactless & Mobile Awards 2013, wich recognizes Cardis for its aggregation technology that reduces the cost of handling everyday payments. Increasingly consumers are keen to use their contactless cards and NFC-enabled smartphones to make small purchases, opening up vast opportunities from cash replacement and efficiencies. Cardis is currently active in a number of European markets around the adoption of its solution for contactless and/or mobile payments within existing card scheme products. It is also working on a range of opportunities in the US where chip migration and innovative mobile payment environments require particularly flexible solutions.

MoneyGram Teams Lifestyle Expert on Mother’s Day Offering

MoneyGram is once again pairing with Hispanic lifestyle expert Marlene Pratt to present creative gift ideas that bring families closer this Mother’s Day and inviting consumers to create a customizable Mother’s Day card through an app on the company’s Facebook page. MoneyGram is giving its own gift to families who want to share special memories through an interactive custom Facebook photo application available on the company’s Facebook page. Consumers can upload a picture and create a Mother’s Day themed timeline or cover photo that can be customized with decorations and a caption that can be shared via Facebook post or downloaded and shared via email or Twitter. Consumers can also take advantage of creative gift ideas from home and lifestyle expert Pratt, who bases her advice on what she learned from her own Mother’s Day gift-giving experiences.

AnywhereCommerce Ships EMVCo-Certified mPayments Device

AnywhereCommerce released its Walker Chip and Signature mobile payment solution at the 2013 ETA Annual Meeting & Expo. Walker is a compact and rugged payment acceptance device that is compatible with most mobile smartphones and tablets, which enables mobile payment acceptance that is compliant with EMV rules for Chip and Signature as well as legacy magnetic stripe use. The Walker device enables merchants to accept EMV-compliant Chip and Signature payments while still continuing to support magnetic stripe payments. Walker employs patented audio jack connectivity and encryption technology to ensure secure and reliable operation in mobile POS application and can be integrated with a variety of third-party mobile payment apps.

Texas Capital Bank Enlists Fiserv ACH Processing, Services

Fiserv announced that Texas Capital Bank has implemented its “PEP+ ACH” Processing Services to offer an extended processing window to its business customers, and meet the latest NACHA regulatory guidelines, without capital expenditure. PEP+ is an online solution for originating and receiving ACH electronic funds transfers. It is the leader in the industry as more than two-thirds of America’s 14 billion ACH payments annually are processed using PEP+. The new ACH Processing Services from Fiserv enabled Texas Capital Bank to lengthen its deposit cut-off time from 6:30 p.m. to 8:30 p.m. to accommodate the needs of its business customers. In addition to PEP+ and Signature, the total integrated solutions from Fiserv for Texas Capital include, Item Processing, Corillian® Business Online, Branch Source Capture™, EFT, Frontier™ Account Reconciliation and Nautilus®.

MasterCard Announces Timberlake Global Partnership

Justin Timberlake has teamed up with MasterCard as part of a two-year relationship focused on brand collaboration and the delivery of truly unforgettable fan experiences for MasterCard cardholders and Justin Timberlake fans worldwide. Timberlake and MasterCard are offering cardholders a priceless experience that will reflect the exclusivity, collaboration and access the partnership will provide — the MasterCard Priceless Premieres presents Justin Timberlake performance. The special event available only to MasterCard cardholders will take place at the Roseland Ballroom in New York City on May 5. Consumers registered on Priceless New York will be the first to know when tickets are available for the show. The collaboration and partnership between Timberlake and MasterCard will translate to exclusive access to co-created content, events and experiences as well as consumer engagement opportunities.

Discover Inks 50 PayPal Merchant Processors

Discover signed contracts with 50 merchant acquirers that will extend PayPal’s in-store acceptance to more than 2 million merchant outlets by the end of 2013. This eight months after PayPal announced its intent to create a payment option to leverage Discover’s payments infrastructure to provide PayPal’s 55+ million active domestic account holders access to millions of retail stores, restaurants, gas pumps and more. Some of the largest merchant acquirers and processors have already committed to offering PayPal, including Vantiv, WorldPay, Global Payments, First American Payments, Heartland Payment Systems and TSYS.