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.

TPC to Offer Comprehensive Web Enablement Solution

The Principal Consulting (TPC) has assembled a partnership of leading e-commerce companies to help retailers build a comprehensive online shopping experience based on SAP’s Web Channel Experience Management (WCEM) 3.0. With SAP’s Web Channel Experience Management 3.0 as a foundation, TPC, an expert SAP services consultant, provides services and solution design to customize and enhance WCEM to fit retailers’ individual applications. SAP WCEM 3.0 delivers end-to-end processes for e-commerce, e-marketing, e-service, and web channel analytics on a web channel platform that’s easily extensible, allowing customers and partners to build in their business specifics. Version 3.0 also offers the simple, attractive, and responsive customer-facing user interface that customers expect of any web shop.

Verifone Investors Seeks Answers

Law Offices of Howard G. Smith is investigating potential claims against VeriFone Systems on possible violations to federal securities. Focusing on allegations that certain statements issued by VeriFone between December 14, 2011 and February 19, 2013 were false and misleading regarding the Company’s operations and financial performance, the investigation is related to allegations Verifone failed to execute on its plan to move to a more subscriptions-based service model, past acquisitions had masked what was happening at the Company and Verifone accounting recognition having been overly aggressive.

On February 20, 2013, VeriFone announced its preliminary financial results for the first fiscal quarter ended January 31, 2013. The Company announced that it expected first quarter adjusted earnings of $0.47 to $0.57 per share on revenue of $424 million, well below analysts’ profit forecast of $0.73 per share on revenue of $492 million. The Company also announced a new revenue recognition policy which prevented it from recognizing revenues that quarter from distributors in the Middle East and Africa. The next day, February 21, 2013, VeriFone shares fell $13.65 from the previous day’s close of $31.89 per share, to a closing price of $18.24 per share, on extremely heavy trading volume.

AmEx & Milwaukee Committee Encourages Local High Growth Ventures

The Greater Milwaukee Committee (GMC) local business coalition announced Milwaukee will be the first community in the U.S. to develop an entrepreneurship program using a model developed by Daniel Isenberg, founding executive director of the Babson Entrepreneurship Ecosystem Projects. As part of a bipartisan effort to grow the economy by stimulating high-growth ventures and encouraging job creation, the OPEN for Enterprise model is based on testing and validating entrepreneurship ecosystems abroad, including successful programs in Colombia, Brazil and Denmark to foster policies, institutions and cultures that stimulate long-term economic growth, development and prosperity through programs and workshops. Coalitions for High-Growth Entrepreneurship is designed to help high potential urban communities connect a diverse group of stakeholders, including city planners, private investors, academics, entrepreneurs and public officials, to help maximize the social and economic value of the community’s entrepreneurship ecosystem. Merging their collective expertise, the coalition can help to develop community programs that identify new ways to stimulate, support and “scale up” new and existing ventures.

Virtual Piggy Appoints Mobile Strategist

Virtual Piggy safe youth payments appointed Iain Herd Global Mobile Product Director, bringing with him over thirteen years’ experience in product management, and seven years leading mobile initiatives at major corporations, Iain will be responsible for directing and managing Virtual Piggy’s Mobile First initiative, reporting directly to CEO and Founder, Dr. Jo Webber. Iain, an expert in mobile technology, held the role of Global Head of Mobile Partnerships and Product at PayPal wherein he launched a number of key mobile services including the PayPal Wallet app for Windows Phone in addition to developing Point of Sales solutions and carrier billing and device partnerships, establishing PayPal as a key player in the mobile industry. He also spent 5 years with Vodafone leading the management of global social networking initiatives, working with leading industry partners including Facebook, Skype, Windows Live, Yahoo!, Google and Twitter.

Conference Board Consumer Confidence Index Weakens

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Conference Board Consumer Confidence Index- after having improved in February- was down significantly in March to 59.7 from 68.0. Meanwhile, the Present Situation Index hit 57.9 from 61.4 and the Conference Board Expectations Index was down to 60.9 from the February figure of 72.4. This decrease was due in large…

NCR Silver Announces Social Media Integration Solution

NCR Silver mobile POS solution has been enhanced to empower small business owners to provide marketing messages to customers via the NCR Silver email marketing engine and update businesses’ Facebook pages with the same messages at the same time. The NCR Silver social media update makes marketing to customers easier, with more impact, than ever before. With one click, small business owners can now engage in email marketing campaigns and at the same time update their businesses’ Facebook page with the same messages about their business or products. The integrated social media marketing saves small business owners time, streamlines their marketing efforts and empowers them to build a community of customers, which in turn drives loyalty and sales. NCR Silver’s cloud-based architecture enables this social media integration update to deploy automatically to existing NCR Silver customers and is included in all new installations for new customers. Earlier in the month NCR Silver was updated to provide business owners with the ability to launch and manage gift card programs.

Restaurant Manager POS Sees Growing Implementation

Action Systems Restaurant POS and long-time leaders in mobile POS solutions for restaurants announced that diverse restaurant concepts around the world are now running Restaurant Manager v18 software on the iPad and iPad Mini. The announcement highlights the latest addition to ASI’s wireless POS offerings and marks a ten-year milestone in a mobile POS product line that was first launched in 2003. Restaurant Manager has long been a leader in mobile POS solutions with features like the Write-On Handheld wireless ordering and payment system for the iPod Touch, and the RM Monitor remote reporting app.

DFC Announces Disappointing Fiscal Third Quarter

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] DFC Global financial services for the unbanked and under-banked announced selected, preliminary financial results for its fiscal quarter ended March 31 with an adjusted EBITDA of between $52 to $54 million. Company lowers its fiscal 2013 diluted operating earnings guidance, which excludes any one-time charges or gains that may occur, the…

Fiserv Partners Eutron on Cash and Logistics Solutions

Fiserv partnered Eutron Invest Romania to provide the entire Cash and Logistics solution portfolio from Fiserv to the Romanian market to focus on the “Device Manager” Integrated Currency Manager cash management system and “CorPoint” end-to-end cash management system. Fiserv offers integrated currency and self-service device management solutions that reduce costs and optimize efficiencies. Solution areas include currency forecasting, device management, decision support, enterprise track and trace, automated invoice validation and reconciliation and web base business intelligence reporting.

HKMA Announces Study on NFC mPayments Infrastructure

The Hong Kong Monetary Authority (HKMA) released a study on the NFC mobile payment infrastructure to identify the appropriate approach for establishing a safe and effective NFC mobile payment infrastructure that will achieve interoperability among all NFC mobile payment services along. This is to allow the ability to download multiple payment services from different banks and payment service providers onto a single NFC-enabled phone; payment service continuity despite switching from one mobile network operator to another operator; payment service continuity despite changing one’s NFC-enabled phone; and the high level of security in line with international standards and relevant regulatory requirements.

Net Element Expands mPayments Business

Net Element International electronic commerce and mobile payment processing entered into an Agreement with NTH AG to broaden the reach of TOT Money’s (“TOT”) mobile messaging and mobile payments operations to additional markets, now available to customers and content providers across 39 countries. NTH Group is a leading AISP (Application and Infrastructure Service Provider) in European markets for interactive telecom and media services with an extensive coverage map with premium mobile and voice connectivity in more than 70 countries worldwide. Net Element International announced its proposed acquisition of Unified Payments, expected to position and diversify Net Element International’s TOT Money business and expand its global presence in the payments market.

Western Union Launches SME-Friendly Solutions

Western Union Business Solutions global payment services launched Currency Options and a new cash management tool designed to assist small and medium-sized enterprises (SMEs) engaged in international trade. Its “GlobalPay Cash Management” dashboard will give SME clients an immediate overview of their total payments exposure. Users will be able to calculate their FX risk based on the amount of money and currencies they are trading in at current market price, allowing them better to manage their international risk and cash flow. Business owners and corporate treasurers will now be able to set a forward exchange rate at a specified date and then choose whether to use the pre-agreed amount or to reconsider given current market conditions. This gives SME owners the security of knowing the absolute most that they will be required to pay for a transaction, regardless of currency volatility. Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage foreign exchange, creating unique solutions tailored to suit their individual needs.