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

TSYS Re-Inks Big Health Savings Account Administrator

TSYS Re-Inks Big Health Savings Account Administrator

TSYS has inked a long-term renewal agreement with HealthEquity to provide payments processing services for the company’s healthcare payments portfolio. As one of the largest health savings account administrators, HealthEquity works with a wide variety of employers, diverse in industry, size, location, and culture. TSYS has provided processing services for HealthEquity since 2009. As part…

BofA CC Portfolio Growth Impaired; Risk Metrics Solid

BofA CC Portfolio Growth Impaired; Risk Metrics Solid

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The nation’s second largest Visa and MasterCard issuer, Bank of America (BofA), to be unseated by Capital One in 2016, continues to struggle with sluggish outstandings (OUT) and purchase dollar volume (PDV) growth, but other metrics, especially credit risk management are above peer group averages Year-On-Year (YOY). Pre-tax net income edged…

NXT-ID Ankles COF Executive to its Advisory Board

NXT-ID Ankles COF Executive to its Advisory Board

FL-based NXT-ID has ankled Gregory Johnson, Head of Business Relationships for Capital One, to its Advisory Board of Directors. Prior to joining Capital One, Gregory spent 17 years at American Express Company working in Consulting Services, Business Travel, Commercial Card, and the OPEN Small Business brand forming strategy and architecting large client facing teams to…

Chase 1Q/16 Mixed Bag: PDV-OUT-DEL-OUT-Attrition Up

Chase 1Q/16 Mixed Bag: PDV-OUT-DEL-OUT-Attrition Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After a credit card bruising in 2015, Chase, the nation’s largest bank credit card issuer, rebounded in the first quarter (1Q/16) as outstandings (OUT) and purchase dollar volume (PDV) entered positive territory. However, delinquency (DEL) and charge-offs (CO) edged upward both Year-On-Year (YOY) and sequentially (QTQ). Furthermore, the account base remains…

BRIEFS – FINPAY; STARMOUNT; PERFORMLINE; and ULTRA

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: FINPAY (conference); STARMOUNT (Aurus); PERFORMLINE (MMSP); and ULTRA (Bitcoin). FINPAY – FinPay has been selected to present at the 2016 Angel Venture Fair as one of America’s top startups. As the oldest angel venture conference in the Mid-Atlantic region, the Angel Venture Fair is the annual consortium of…

Gemalto Secures China UnionPay’s New Wearables

Gemalto Secures China UnionPay’s New Wearables

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gemalto has provided a secure element based applet for smart wearables launched by China UnionPay (CUP). Smart wearable devices are gaining popularity globally, with total shipments expected to surpass 200 million in 2019. CUP had launched smart wearables with embedded secure elements based payment applications last year. The payment applet runs…

Heartland Stockholders Approve GPN Merger

Heartland Stockholders Approve GPN Merger

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Heartland Payment Systems (HPY) stockholders overwhelmingly voted to approve the proposed merger with Global Payments (GPN). About 29.7 million shares were voted in favor of the merger proposal. The favorable vote represents approximately 99% of the total Heartland shares which voted on the merger proposal and 80% of the total outstanding…

Global mCard Reader Market to Hit US$29B Revenue by 2020

Global mCard Reader Market to Hit US$29B Revenue by 2020

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The global mobile card reader market expected to explode over the next few years. The latest estimate is nearly $30 billion by 2020. According to the Global Mobile Card Reader Market for 2016-2020 from UK-based Technavio, to calculate the market size, the report considers revenue generated from the shipment of card…

Wirecard Issues First Visa Prepaid Cards in Singapore

Wirecard Issues First Visa Prepaid Cards in Singapore

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wirecard Singapore has been approved as a Principal Member of Visa as the first non-Financial Institution members in Singapore. This move is a continuation of Wirecard’s strategic partnership with Visa Inc. in Asia Pacific to enable easier access to prepaid card issuing for parties across the ecosystem, following the acquisition of…