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

MC’s MasterPass Corrals More Marquee Retailers

MC’s MasterPass Corrals More Marquee Retailers

Saks Fifth Avenue, Poshmark, and North American Bancard have all jumped on the MasterPass digital payments platform train. While Saks and Poshmark will offer MasterPass soon, NAB Velocity, the omnichannel payments platform from North American Bancard, will offer the digital payments platform to its customers starting later this year. MasterPass is a simple, convenient, trusted digital…

March Consumer Revolving Credit Explodes to Double-Digits

March Consumer Revolving Credit Explodes to Double-Digits

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] March consumer revolving credit card debt (RCC) soared at an annual rate of +14.2%, compared to +3.7%% in February and -0.3% in January. Overall consumer credit increased at a seasonally adjusted annual rate of +10.8% in March. Non-revolving credit increased at an annual rate of +8.5%. Total revolving credit for March…

StoneRiver Group Sale Pushes Fiserv Profits Higher

StoneRiver Group Sale Pushes Fiserv Profits Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] WI-based Fiserv reported a huge year-on-year (YOY) jump in first quarter (1Q/16) net income thanks to an asset sale. Gross revenue posted a modest YOY gain driven by payments and industry products revenue. Fiserv posted gross revenue of $1331 million for the first quarter, a 4.4% YOY gain, compared to $1368…

SuitePOS for Salesforce Enables Cloud CRM for Entire Business

SuitePOS for Salesforce Enables Cloud CRM for Entire Business

SuiteRetail has rolled-out SuitePOS, natively supporting the standard for cloud CRM and business apps, Salesforce, to run storefronts and even a retailer’s entire business on a single platform. The SuitePOS for Salesforce solution empowers retailers to connect with and sell to customers in-store. Promotions, products and checkout processes are configured in Salesforce and can span…

BRIEFS: BANKRATE; TIMETRIC; BLUEPOINT; and EATSTREET

In Other News: BANKRATE (acquisition); TIMETRIC (report); BLUEPOINT (client); and EATSTREET (app). BANKRATE – Bankrate has reached an agreement to acquire the business of NextAdvisor, an online source of independent and in-depth research and reviews of credit cards, personal finance and internet services.  TIMETRIC – Timetric’s ‘The Cards and Payments Industry in Nigeria: Emerging Trends…

Credit Card ABS Not Impacted by Stressed Energy Sector

Credit Card ABS Not Impacted by Stressed Energy Sector

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wall Street ratings firms says stress in the U.S. energy sector should not materially impact the credit profiles of large consumer lenders with national footprints, says Fitch Ratings. Furthermore, the credit outlook for U.S. ABCP (Asset-Backed Commercial Paper) for the remainder of 2016 remains stable. Fitch Ratings says the recent evidence…

Square Riding High - GPV 50%+ YOY & NFC/EMV Readers

Square Riding High – GPV 50%+ YOY & NFC/EMV Readers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Square posted a stunning first quarter (1Q/16) with revenue up 50%+ year-on-year (YOY), gross payment volume (GPV) up more than 45% and Starbucks volume up more than 34%. Part of the growth is also driven by contactless (NFC) and chip reader (EMV) sales which have reached nearly half a million at…

Green Dot Rebounds Nicely from 2015 MoneyPak Suspension

Green Dot Rebounds Nicely from 2015 MoneyPak Suspension

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CA-based prepaid card specialist Green Dot reported flat revenues and a weak profit for the first quarter (1Q/16). However, 1Q/16 was the first quarterly sequential growth in active cards in a year. Additionally, gross dollar volume (GDV) was up year-on-year (YOY) and purchase dollar volume was steady YOY for 1Q/16. Gross…