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

Cuba via RED to Issue its First International Bankcard

Cuba via RED to Issue its First International Bankcard

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] RED.S.A, an acquirer in Cuba is issuing the first UnionPay card in the market through its partner BISCA. Cuba is the first Latin American country that has established diplomatic relations with China. Over the years, the two countries have witnessed close economic, trade and personnel exchanges between each other. Currently, there…

BAMS; WU; EVERCOMPLIANT; and BLACKHAWK

In Other News: BAMS (Europe); WU (EDGE); EVERCOMPLIANT (MerchantView); and BLACKHAWK (acquisition). BAMS – Banc of America Merchant Services is expanding to Europe and create a new London-headquartered unit, BofA Merrill Lynch Merchant Services (Europe) Limited (BofAML Merchant Services). WU – Western Union Business Solutions is launching WU EDGE, its ground-breaking digital platform which will…

Asia Pacific Still Rules Visa International Regions

Asia Pacific Still Rules Visa International Regions

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa’s Asia Pacific (AP) region Purchase Dollar Volume (PDV) growth edged down a bit year-on-year (YOY) to 15.7%, on a currency adjusted basis (FX) in the fourth quarter (4Q/15) to US$387 billion, compared to a 10.8% YOY growth rate in 4Q/14. 
Based on PDV, the AP region is fastest growing region…

Cap One Clobbers the U.S. Big 4 Card Issuer Peer Group

Cap One Clobbers the U.S. Big 4 Card Issuer Peer Group

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the top four bank card issuers, rose an estimated 8.6% year-on-year (YOY) and 4.7% sequentially in the fourth quarter (4Q/15).  Capital One grew more than twice the other three top issuers. The top four U.S. issuers racked up an estimated $322.5 billon in GDV for…

Credit Card Yield Remains Solid Despite Wobbly Metrics

Credit Card Yield Remains Solid Despite Wobbly Metrics

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average yield among the nations’s top six bank credit card issuers came in at 11.30% for the fourth quarter (4Q/15), compared to 11.26% in the prior quarter, and 11.12% for 4Q/14. Capital One (COF), the nation’s fastest growing major credit card issuer, again posted the highest yields, besting the average…

MasterCard International Debit Consistently Exploding

MasterCard International Debit Consistently Exploding

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international payment card (credit + debit) purchase dollar volume (PDV) for the fourth quarter (4Q/15) posted US$1151 billion. Visa and MasterCard international credit card PDV for 4Q/15 posted US$887 billion. Visa and MasterCard international debit card PDV for 4Q/15 posted US$264 billion. On a currency adjusted (FX) basis,…

International Debit Cards Drive Global Card Growth

International Debit Cards Drive Global Card Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global payment cards-in force (CIF) [credit + debit] grew by 5.8% year-on-year (YOY) in the fourth quarter (4Q/15) to 4225 million. The growth has been largely driven by Visa and MasterCard’s international “inclusion” drive with debit (& prepaid) cards.
 Visa and MasterCard U.S. credit CIF rose 8.7% YOY from 485 million…

Tangerine Money-Back Rewards MasterCard to Rock Canada

Tangerine Money-Back Rewards MasterCard to Rock Canada

Tangerine, an independent, wholly-owned subsidiary of Scotiabank, is taking its new Money-Back MasterCard Credit Card to the national level in Canada. The new card offers 4% Money-Back Rewards for the first three months in two categories of choice and 1% Money-Back Rewards on all other purchases, with no annual fee. Tangerine’s Money-Back categories include restaurants,…

MasterCard Ankles New President of U.S. Issuers.

MasterCard Ankles New President of U.S. Issuers.

MasterCard has ankled Raj Seshadri as president, U.S. Issuers. Most recently, Seshadri was a managing director at Blackrock, leading the company’s iShares U.S. retail ETF business. At MasterCard, she will be responsible for managing and expanding the company’s partnerships with banks and credit unions across the U.S. market. Earlier in her career, Seshadri held roles…

Consumers - Not Just Merchants & FIs - Suffer From CNP Fraud

Consumers – Not Just Merchants & FIs – Suffer From CNP Fraud

While not widely discussed, CNP credit and debit card fraud creates cardholder anxiety and negatively affects consumers’ online shopping behaviors, much to the detriment of FIs and e-commerce merchants. A new study from Tender Armor, in partnership with Sparks Research, also found 78% of online shoppers want more protection for their payment card data when…

CPI; PROPAY; NAB; and SIONIC

In Other News: CPI (ICMA); PROPAY (Samsung Pay); NAB (exec); and SIONIC (ION). CPI – CPI Card Group, a global specialist in financial and EMV chip card production and related services, announced 24 employees have recently passed the International Card Manufacturers Association’s (ICMA) Advanced Card Education Manufacturing (ACE-M) accreditation and/or the Advanced Card Education Personalization…