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.

Mainstay Implements Aptys Payment Exchange

Aptys Solutions payments network provider for financial institutions nationwide, offering the industry’s only unified platform to support all aspects of payment processing, announced Mainstay Group, a management consulting company whose unique expertise in revenue enhancement and cost reduction drives significant benefits for their clients in the financial industry, has chosen Aptys Solutions as their ASP payment exchange solutions provider. Aptys Solutions’ “PayLOGICS” flexible, scalable solution offers Mainstay technology using one unified platform that automatically applies least-cost routing, so it can take advantage of economies of scale and drive out costs for clearing transactions.

Nationwide Deploys Experian Credit/Fraud Data

Experian renewed its strategic partnership with Nationwide Building Society, by which it will provide credit reference and electronic authentication services for at least the next three-years. Nationwide will use Experian’s credit bureau data, to better assess new applications for credit, manage existing customers’ access to credit and lend responsibly throughout. The building society will continue to use Experian’s Delphi for Customer Management (DCM) software, Delphi for New Business scores and Delphi Data Block – a set of credit variables enabling clients to help build bespoke scorecards using Experian data. All three include highly predictive models and event monitoring to identify changes in the credit behavior of customers, enabling the organisation to make better customer credit management decisions. In addition, Nationwide will verify, validate and authenticate customers’ identities, as well as prevent fraud through Experian’s online authentication services. Nationwide will also migrate to Experian’s “ExPin” credit bureau platform to help companies gain the most comprehensive view of each customer.

Net Element International to Acquire Unified Payments

Net Element International, a technology-driven group specializing in electronic commerce and mobile payment processing, and Unified Payments, a leading provider of transaction processing services and payment-enabling technologies have entered a binding term sheet. With this, Net Element International will acquire Unified Payments and operate it through its newly formed subsidiary and holding company. This is expected to position and diversify Net Element International’s TOT Money business and expand its global presence in the payments market. Net Element International plans to aggressively begin deploying Unified Payments’ products and services in Russia and other emerging markets, while Unified Payments provides a strong foundation of recurring revenues in the U.S. The terms of the proposed acquisition are disclosed in Net Element International’s Form 8-K filed with the SEC.

Nowcom and PayPros Offer Payments to DealerCenter

Nowcom Corporation and PayPros are pleased to announce new integrated payments functionality within DealerCenter. The payments solution by PayPros, the industry leader for integrated payment processing, and Nowcom, the leading automotive dealer management solution provider for the independent dealer, will allow dealerships to run their entire operations from a single program. DealerCenter is a full-featured automotive dealer solution, enabling these businesses to manage, sell and advertise vehicle inventory. PayPros allows credit, debit and electronic check (ACH) transactions via a hosted, secure online payments site accessible within the DealerCenter software.

Ameri-Source Inks Promo Agreement with USA Technologies

USA Technologies announced a 3-year agreement with Ameri-Source purchasing management company. Consisting of approximately 475 vending companies located throughout the United States, Ameri-Source is now an endorser and promoter of USAT’s cashless payment and telemetry solutions to Ameri-Source members. The Company will endorse and promote USAT’s “ePort” technology and “ePort Connect” service to its members and Ameri-Source members will be eligible to receive preferred pricing terms outlined in the agreement.

Barclays Launches Exchange Traded Note

Barclays Bank launched Barclays ETN+ Select MLP Exchange Traded Note (“ETN”) on the NYSE Arca stock exchange under the ticker symbol ATMP. The ETN is designed to provide investors with exposure to a basket of midstream US master limited partnerships (“MLPs”), limited liability companies (“LLCs”) and corporations by tracking the volume weighted average price (“VWAP”) of the Atlantic Trust Select MLP Index (the “Index”). Additionally, the Index will also provide exposure to general partners of US MLPs in Canada. Barclays ETN+ ETNs are senior, unsecured, unsubordinated debt securities issued by Barclays Bank PLC. Barclays Bank PLC is the issuer of Barclays ETN+ ETNs and Barclays Capital Inc. is the issuer’s agent.

MoneyGram Warns Against Charity Scams

MoneyGram global money transfer is warning consumers who are in a giving mood not to get taken by a charity scam, disclosing victims lost an average of $824 each time they sent money intended for a non-profit organization. The charity scam occurs when a fraudster asks a victim to donate to a particular cause or organization. The organization may sound similar to a legitimate charity, and may even have a fake website made to look like an organization’s official site. Red flags include when the name of the organization is similar to a well-known charity, but is slightly off or if the caller needs an immediate answer and asks you to donate without taking the time to do any research into the cause or organization, especially if they only accept cash and can’t answer very many questions about their “organization.”

Global Cash Access 4Q/12 Revenues Take Hit

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global Cash Access posted its 4Q and FY/12, consistent with projections. With 4Q/12 revenues of $136.1 million, down from the year ago figure of $137.7 million, operating income was $9.7 million, also down from the year ago figure by 32% from $14.2 million. Adjusted earnings before interest, taxes, depreciation and amortization…

Fiserv Partners IDT on International Billing Services

IDT Corporation prepaid telecommunications services and Fiserv financial services inked agreements to expand the availability of the Boss Revolution international calling service from IDT and the CheckFreePay® walk-in bill payment service from Fiserv. Now IDT Boss Revolution payment users can use the “CheckFreePay” walk-in bill payment services. Likewise, Fiserv “CheckFreePay” agents can offer the Boss Revolution PIN-less international calling service. The “CheckFreePay” walk-in bill payment service allows consumers to pay bills from more than 3,000 companies at more than 25,000 retail agent locations nationwide.

Wells Fargo Insurance Names Managing Director

Wells Fargo Insurance named David Robertson managing director for its Atlanta office to lead business development, client service and sales, and cross-sell strategy for the company’s insurance operations. Named a 2012 Power Broker by Risk and Insurance magazine, Robertson was most recently senior VP/head of William Gallagher Associates’ (WGA). A former regional partner at Willis Group Holdings, and senior VP at Marsh, a subsidiary of Marsh & McLennan Companies. Prior to joining the insurance industry, Robertson was a corporate banking officer at Citizens & Southern National bank, and worked for First Atlanta, a predecessor of Wells Fargo. Robertson has a bachelor’s degree in business from the University of Georgia, received his MBA from Georgia State University, and a master’s in Health Policy and Management from Emory University.

FreedomPay & Microsoft Announce eWallet Development Event

FreedomPay is set to lead a week long development session at the #DigitalWalletFoundry event. Both FreedomPay and Microsoft will collaborate with the region’s burgeoning tech-savvy and creative population to kick start the innovative development of digital wallet applications. Digital Wallet Foundry takes place March 18-22, 2013 at the ultra-hip Modern Jago building in London’s East End. At this event developers, designers and industry thought leaders from the world’s leading banks and mobile operators are coming together to collaborate on everything from envisioning, defining wallet strategies and business planning, to coding and agile project development.

ACI Completes ORC Acquisition

ACI Worldwide payment systems completed its acquisition of Online Resources Corporation online banking and full service bill pay solutions in an all cash transaction for $3.85 per share. The acquisition adds Electronic Bill Presentment and Payment (EBPP) solutions as a strategic part of ACI’s Universal Payments portfolio and strengthens ACI’s online banking capabilities with complementary technology, and expands the company’s leadership in serving community banking and credit union customers. With this, ACI is committed to maintaining multi-year roadmaps and contractual commitments to Online Resources’ customers.