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.

Sterling Payment Deploys Ingenico EMV-ready devices

Ingenico payment solutions announced Sterling Payment Technologies added the Ingenico “Telium2” series payment devices for its merchants countrywide. Sterling will begin rolling out Ingenico’s iCT220 and iCT250 bankcard countertop terminals, and iPP220 and iPP320 PIN pads to address EMV chip-based smartcard technology as playing a key role in helping all types and sizes of U.S. merchants mitigate fraud risk during card present transactions. Expanding its current portfolio of POS products with a new line of EMV-ready payment devices that would enable merchants to securely accept all forms of payment, including chip card transactions, became mission critical for Sterling.

Euronet Announces Pan-European Prepaid Card Issuing

Euronet 360 Finance Ltd., a subsidiary of Euronet Worldwide, launched of end-to-end prepaid card issuing, processing and BIN sponsorship solutions in Europe. Euronet 360 Finance Ltd., under the supervision of the UK’s Financial Conduct Authority (FCA), is now providing electronic money and payment services through card issuing, BIN sponsorship and payment card acquiring. By passporting the e-money license across the Single Euro Payments Area (SEPA) territory (except Monaco), Euronet 360 Finance Ltd. is able to issue cards and process transactions across the entire European Economic Area (EEA). Euronet’s complete prepaid card solution provides non-FCA licensed organizations with the ability to quickly, easily and cost effectively enter the prepaid card arena. Euronet’s prepaid card solution include the support of physical and virtual cards, for one-time, gift card or reloadable use with contactless functionality through MasterCard Paypass.

Access Softek integrates mBanking with Geezeo PFM tools

Access Softek and Geezeo technology innovators announced their partnership, Integrating Access Softek’s mobile banking with Geezeo’s personal finance manager (PFM). Focused on the next generation of mobile banking, this partnership will have a single mobile product that combines complete day-today financial operations with planning and goal management. Access Softek’s Mobile Finance Manager offers extensive functionality including true real-time deposit capture, bill pay, P2P transfers, and more. Incorporating Geezeo PFM capabilities like account aggregation, auto-categorization, and spending alerts gives users ultimate convenience.

Diebold Announces New Board Members

Shareholders of Diebold elected its board of directors at its annual meeting and declared the second-quarter cash dividend and re-elected company officers. Newly elected directors include Roberto Artavia, chairman of the board, Viva Trust, (Nassau, Bahamas and San Jose, Costa Rica) and Robert S. Prather, Jr., president and chief operating officer, Gray Television, Inc. (Atlanta, Georgia). Re-elected to the board of directors were Patrick W. Allender, retired executive vice president, chief financial officer and secretary, Danaher Corporation, Washington, D.C.; Bruce L. Byrnes, retired vice chairman of the board, Procter & Gamble, Inc., Cincinnati, Ohio Phillip R. Cox, president and chief executive officer, Cox Financial Corporation, Cincinnati, Ohio; Richard L. Crandall, managing partner, Aspen Venture LLC, Aspen, Colorado; Gale S. Fitzgerald, retired president and director, TranSpend, Inc., Bernardsville, New Jersey; Rajesh K. Soin, chairman of the board and chief executive officer, Soin International LLC, Beavercreek, Ohio; Henry D.G. Wallace, executive chairman of the board, Diebold, Incorporated; and Alan J. Weber, chief executive officer, Weber Group LLC, Greenwich, Connecticut.

Merchant Warehouse & LevelUp Launch $1m Merchant Development Fund

Merchant Warehouse and LevelUp have signed $1 million co-sponsored development fund to support the creation of custom-branded mobile payment apps running on the LevelUp White-Label platform for merchants around the country. Qualifying merchants will be able to tap into the fund to sponsor 25 percent of the cost of a custom-developed LevelUp White-Label mobile payment and loyalty app, along with seamless integration with the Merchant Warehouse Genius™ Customer Engagement Platform. Participating merchants will get financial backing from Merchant Warehouse and LevelUp to cover 25 percent of their development costs for a custom LevelUp White-Label app. This mobile payment app combines the strength of a merchant’s brand with LevelUp’s sophisticated mobile payment, loyalty and security infrastructure.

Yodlee Names New CFO

Yodlee announced Mike Armsby has been appointed CFO. Formerly CFO of View dynamic glass for buildings, where Armsby raised over $150 million in company financing, his experience spans 20 years and includes positions at Price Waterhouse, Bain & Company, Synopsys and the position of CFO for PowerLight. At PowerLight, Armsby managed a successful sale of the company to SunPower where he continued to integrate the businesses and drive significant growth as Vice President of Finance. He holds a master in business administration from Harvard University and a bachelor of science in economics from the Wharton School of Finance from the University of Pennsylvania.

MoneyGram Again Expands Money Transfer Service

MoneyGram international money transfer service is now available in Liechtenstein, expanding its country network to 198. Provided through Valora, a long-time MoneyGram agent based in Switzerland, the initial service allows consumers to send money to friends and family from its Valora location in Schaan. Additional locations and service options, including the ability to receive remittances internationally, are planned for later in 2013. Coincidentally, MoneyGram reported an 18% transaction growth in remittance sends originating outside of the United States both for the fourth quarter and full year of 2012.

Chase Top Ranking on mBanking Functionality

Chase ranked #1 for both U.S. and global banks in Forrester Research’s 2013 Global and U.S. Mobile Banking Functionality Rankings for a score of 71 out of 100 – fifteen points above the report’s average score of 56 in the 15-bank study. Chase stood out for its mobile banking offerings across multiple touchpoints, including smartphone apps, mobile websites and two-way Short Message Service (SMS). Forrester also recognized Chase’s money movement features such as bill pay – including the ability to add a payee – and mobile transfer capabilities. Chase Mobile provides apps on multiple platforms and Instant Action Alerts to notify customers of a low balance, and to allow them to transfer money by replying to the text message.

WorldPay Certifies VeriFone Countertop POS

VeriFone Systems announced WorldPay electronic payment processing solutions completed its compatibility certification for VeriFone’s “VX 520” countertop payment system. WorldPay will also offer a secure audio card-reader version of VeriFone’s PAYware Mobile for small merchant mobile payments using smartphones, tablets and other smart devices. The “VX 520” of the VX Evolution family offers an advanced countertop payment device and supports VeriShield Total Protect for end-to-end encryption and tokenization. WorldPay is also in process of certifying compatibility of the VX 805 and VX 820 PIN pads and wireless VX 680, which like the VX 520 offer contactless and smart card payment acceptance capabilities that are crucial to emerging NFC wallet technology and EMV compliance. The portable VX 680 is available with WiFi and Bluetooth or GPRS communications for merchants on the move.

TSYS Merchant Solutions Intros Multi-Currency Solutions

TSYS Merchant Solutions merchant acquirer launched its TSYS “Pay in Your Currency” and “Shop in Your Currency” multi-currency solutions, powered by Planet Paymentinternational and multi-currency payment processor, to TSYS Merchant Solutions’ merchants. The “Pay in Your Currency” solution gives eligible international customers the choice of paying in their home currency at the point of sale, offering significant benefits to TSYS merchants and their customers. Customers are handed a receipt, or pointed to an electronic terminal which displays the transaction amounts in U.S. dollars and their home currency, with the daily exchange rate and other service details. The customer chooses their currency on the receipt or device. Meanwhile, “Shop in Your Currency” allows e-commerce merchants to more effectively target foreign markets and more sales from international customers.

Accenture Shows Growing Consumer mPayment Use

Financial incentives and mobile-based financial-management tools could increase consumers’ use of smartphones as payment devices, according to an Accenture survey of 4,000 smartphone users. More than half of respondents who currently use their smartphones to make payments said they were highly likely to pay by phone more often if they could use their phone to track receipts (cited by 60 percent of respondents), manage their personal finances (56 percent), or show proof of insurance (56 percent) or of a valid driver’s license (54 percent). In addition, more than half of those who currently make mobile payments also said they were highly likely to pay by phone more often if they were offered: instant coupons from retailers when buying by phone (cited by 60 percent of respondents); reward points stored on their phone for future purchases at the store (51 percent); coupons that could be automatically stored on their phone (50 percent); or preferential treatment, such as priority customer service (50 percent).

Oberthur Appoints New CEO

The Board of Directors of Oberthur Technologies appointed Didier Lamouche CEO. Well-known in the industry, Lamouche brings to the role more than 25 years’ experience gained across multiple industries like Semiconductor, Information Technology and Wireless communications. He replaces Xavier Drilhon and is determined to support and accelerate the growth ambition of the company, across all its strategic segments and enforce its leadership on a worldwide basis.