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

Briefs – ZEBIT; SPENDGO; THREATMETRIX; and ETHOSPAY

In Other News: ZEBIT (military); SPENDGO (Shoptalk); THREATMETRIX (Intel); and ETHOSPAY (chargebacks). ZEBIT – Zebit launched a new direct-to-consumer offering exclusively available to active and retired military personnel. Dedicated to improving the financial lives of those who serve, Zebit provides access to $1,000 interest-free credit for active and retired military members associated with the U.S.…

BlueSnap Embraces MasterPass by MasterCard

BlueSnap Embraces MasterPass by MasterCard

BlueSnap says MasterPass by MasterCard is now available in its Powered Buy Platform to give merchants the frictionless checkout experience they need to reach global shoppers and solve checkout abandonment with higher payment conversions. MasterPass by MasterCard is a global, digital commerce platform that connects consumers with merchants, enabling them to make fast, seamless and…

ACA International Targets Trial Lawyers Over Arbitration

ACA International Targets Trial Lawyers Over Arbitration

The Consumer Financial Protection Bureau’s proposed rule on pre-dispute arbitration agreements that would ban class action waivers in contracts for many consumer financial products, such as bank accounts and credit cards, despite widespread criticism from ACA International, industry groups, academics, and policymakers. The rule, if finalized, would apply to providers of consumer financial products and…

Diners Club Stuck in the Mud but Acceptance Expansion Underway

Diners Club Stuck in the Mud but Acceptance Expansion Underway

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for licensees of Discover-owned Diners Club International declined 2.8% year-on-year (YOY), on a nominal basis, in the first quarter (1Q/16). In the prior quarter GDV was down 2.5% YOY. Over the past five quarters Diners GDV ranged between $6.47 billion and $6.76 billion. After peaking at $7.2…

Bankrate Poised for Super Growth with NextAdvisor Deal

Bankrate Poised for Super Growth with NextAdvisor Deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bankrate reported gross revenue for the first quarter rose 4.8% YOY to $93.3 million, compared to $93.4 million in 4Q/15 and $89.0 million for 1Q/15. Adjusted net income for 1Q/16 declined 30.6% YOY to $10.9 million, compared to $13.8 million in the prior quarter and $15.7 million in the year ago…

6 of 10 Payment Execs are Unprepared for Future

6 of 10 Payment Execs are Unprepared for Future

A new survey has found nearly 6 in 10 payment execs are unprepared for growing competition. A new Global Payments Insight Study of consumer finance, higher education, insurance and other billing organization executives—conducted by ACI Worldwide and research and advisory firm Ovum—found that most organizations lack the payments innovation necessary to win consumers. Principle findings…

USAT Reaches 1Q Inflection Point But Profits Allude

USAT Reaches 1Q Inflection Point But Profits Allude

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies (USAT), the king of unattended self-serve small-ticket payments (vending), has reached an inflection point. For the first quarter (1Q/16) revenues soared 32% year-on-year (YOY) and transaction volume spiked nearly 55% YOY. USAT posted $20.4 million in first quarter gross revenue, up a stunning 32.5% YOY, compared to $18.5 million…

Business Cards Drive AXP Intl Card Growth; LACC Stressed

Business Cards Drive AXP Intl Card Growth; LACC Stressed

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The American Express (AXP) International Consumer and Network Services (ICNS) unit posted nominal year-on-year (YOY) declines in revenue and income for the first quarter (1Q/16), but on a currency adjusted basis (FX), gross dollar volume (GDV) rose 100 basis points (bps), quarter-to-quarter (QTQ) and YOY, driven by international business card volume,…

CPI Sees Lower EMV Shipments; 1Q Impressive But Mixed

CPI Sees Lower EMV Shipments; 1Q Impressive But Mixed

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] EMV (chip cards) continue to drive CPI Card Group (CPI) top line performance, with shipments up 66% year-on-year (YOY) and up 6.6% quarter-to-quarter (QTQ) to 41.4 million, but the company expected better. Meanwhile, CPI’s prepaid business reported a 29% decline in revenue and a 49% slide in profits in the first…

Aussies Cautious on Credit Card Usage for 9th Straight Month

Aussies Cautious on Credit Card Usage for 9th Straight Month

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card outstandings edged up by 1.8% year-on-year (YOY) in March. Credit card credit limits increased 3.3% YOY and the number of credit card accounts rose 2.6% YOY. The average balance per account in March declined 1.8% YOY to AU$3155, compared to AU$3155 for February, and AU$3158 for January 2016.

Credit…

Analytics Services to Drive Global M-Payments 36% CAGR

Analytics Services to Drive Global M-Payments 36% CAGR

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new report projects the global mobile payments market will grow at a CAGR of 36.26% by 2020. Asia-Pacific will lead the way forward. NOVONOUS says the industry is emerging as one of the most diverse, competitive and technologically complex market in the recent years. Currently the Global Mobile Payments market…