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

Citi’s Asia and LAC Card Portfolio Metrics Remain Solid

Citi’s Asia and LAC Card Portfolio Metrics Remain Solid

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citibank’s international credit card portfolio continued to contract in the fourth quarter (4Q/15). The number of open or gross accounts (GAC) declined 100,000 in the Latin America region (LAC) and by 200,00 in Asia. 
On a non-currency adjusted basis, Citibank LAC purchase dollar volume (PDV) declined to $6.7 billion from $7.6…

Transactis Snags $30MM Funding From Five Banks

Transactis Snags $30MM Funding From Five Banks

Transactis, a provider of electronic billing and payment solutions, has snagged $30 million in investment from Capital One, Fifth Third, PNC, TD, Wells Fargo and Safeguard Scientifics. Inclusive of this funding, Transactis has raised $70 million to-date. Transactis’ investors include Capital One, ff Venture Capital, Fifth Third Bank, MacAndrews & Forbes, Metamorphic Ventures, PNC, Safeguard…

Alliance Data Profits is Skyrocketing Post 150%+ YOY Gains

Alliance Data Profits is Skyrocketing Post 150%+ YOY Gains

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Dallas-based Alliance Data Systems reported fourth quarter (4Q/15) revenue increased 16.9% year-on-year (YOY) to $1749 million. Net income skyrocketed 157% to $172 million for 4Q/15. For the fourth quarter Card Services revenue rose 20% to $785 million; Epsilon revenue increased 38% to $608 million; and LoyaltyOne revenue decreased 9% to $364 million,…

MoneyGram Turns the Corner to Positive TX Growth

MoneyGram Turns the Corner to Positive TX Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After repositioning its U.S. to U.S. business following the loss of the Walmart account MoneyGram continues to turn the corner in the fourth quarter (4Q/15). MoneyGram total revenues climbed 7.8% year-on-year (YOY) to $376.7 million. However, net income fell sharply by 75.2% YOY to $2.6 million. MoneyGram notes it posted double-digit…

Intl Debit Pushs Purchase Transactions 18% Higher

Intl Debit Pushs Purchase Transactions 18% Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International purchase transactions (PTX) for Visa and MasterCard credit and debit cards grew by 17.6% year-on-year (YOY) in the fourth quarter (4Q/15). International PTX for credit cards increased 11.9% YOY while international PTX for debit cards soared 27.4% YOY in 4Q/15. In the fourth quarter gross international payment card PTX for…

V+M Intl GTX Running Strong Driven by Debit Products

V+M Intl GTX Running Strong Driven by Debit Products

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International gross transactions (GTX) for Visa and MasterCard credit and debit cards grew by 16.9% year-on-year (YOY) in the fourth quarter (4Q/15). International GTX for credit cards increased 11.3% YOY while international GTX for debit cards soared 19.5% YOY in 4Q/15. 
In the fourth quarter gross international GTX for Visa and…

Chase, BofA & Citi Facing Sequential Account Erosion

Chase, BofA & Citi Facing Sequential Account Erosion

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the nation’s four largest issuers edged down by 0.4% year-on-year (YOY) in the four quarter (4Q/15) quarter to 187.1 million, compared to 187.9 million one-year ago. 

The GAC growth is driven by Capital One, while Chase, Bank of America (BofA) and…