Robert McKinley, Senior Analyst/Editor Robert McKinley, with 33 years experience covering payment cards and payment systems, is Senior Analyst/Editor for CardFlash and other payments-related publications. He is the retired founder and chief executive of RAM Research, CardWeb and CardTrak. McKinley served as an expert witness in 100+ litigations including two multi-$billion trials, testified before the U.S. Congress, chaired multiple payments conferences, hired as consultant by Fortune 100 companies and several overseas financial institutions. Full Bio: www.rbm4.com

COF Intl Profits Up 3.2% but Charge-Offs Explode QTQ

COF Intl Profits Up 3.2% but Charge-Offs Explode QTQ

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Capital One’s (COF) international (mostly U.K.) credit card purchase dollar volume (PDV) soared 24.5% year-on-year (YOY) not currency adjusted (FX), while net income increased 3.2% YOY in the fourth quarter (4Q/15). Outstandings, not FX, were flat YOY in 4Q/15 at $8.2 billion, but up 2.5% quarter-to-quarter (QTQ). For 4Q/15, COF reported…

GAC 2015 Bitsy Growth Thanks to Cap One & AmEx

GAC 2015 Bitsy Growth Thanks to Cap One & AmEx

[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 Big 6 U.S issuers edged up 0.4% year-on-year (YOY) in the fourth quarter (4Q/15) to 270.7 million, compared to 272.0  million in the prior quarter, and 269.7 million one-year ago.  
The growth is driven by Capital One and American Express…

CARDFLIGHT; CHARGEBACKS911; CONFORMANCE; and WORLDREMIT.

In Other News: CARDFLIGHT (Miura); CHARGEBACKS911 (Target); CONFORMANCE (products); and WORLDREMIT (AU). CARDFLIGHT – CardFlight, a mobile point of sale (POS) technology provider, and Miura Systems, the global leading provider of innovative secure electronic payment hardware, are announcing a partnership to offer a new mPOS solution in the United States market via CardFlight’s mobile POS…

Marvel’s Super Heroes Fans Get Empowered

Marvel’s Super Heroes Fans Get Empowered

Synchrony Financial has been on a product roll-out binge with the latest: the Marvel MasterCard with cashback rewards. Qualifying cardholders earn 3% cashback for purchases made on select entertainment, dining, and online at marvel.com and Marvel’s official merchandise booths. Cardholders can also earn 1% cashback rewards on all other Marvel MasterCard purchases1. All cashback rewards…

Collaborative Fintech Gaining Ground Over Disruptors

Collaborative Fintech Gaining Ground Over Disruptors

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global investment in fintech ventures in the first quarter reached $5.3 billion, a 67% increase over the same period in 2015, and the percentage of investments going to fintech companies in Europe and Asia-Pacific nearly doubled to 62%. ARTICLE: Global investment in fintech ventures in the first quarter reached $5.3 billion,…

CMS; CA; VANCO; and GREEN DOT.

In Other News: CMS (investors); CA (Nationwide); VANCO (ACS); and GREEN DOT (Board). CMS – A group of investors including GCP Capital Partners, Western Heritage Capital, and Performance Equity Management have acquired a significant stake in Complete Merchant Solutions, a provider of merchant acquisition services, credit card/debit card transaction processing services, and payment solutions. Terms…

U.S. Credit CIF Up 1.7% YOY Driven By COF & AXP

U.S. Credit CIF Up 1.7% YOY Driven By COF & AXP

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Credit Cards-in-Force (CIF) among the Big 6 issuers were up 1.7% year-on-year (YOY) at the end of the fourth quarter, up 5.9 million cards to 354.3 million cards.  
Capital One posted the largest gain, followed by American Express and Discover. The other three showed flat growth or a contraction in…

WEX Fleet SmartHub Mobile App Offers Real-Time Control

WEX Fleet SmartHub Mobile App Offers Real-Time Control

Corporate payment solutions provider, WEX, has introduced a new mobile app enabling business managers access to their account information anytime and anywhere. Fleet SmartHub also helps improve efficiencies, reduce late fees, gain valuable insights and control unauthorized driver spending. The first-of-its-kind mobile app, SmartHub provides convenient, real-time access to features that allow fleet managers the…

Infinite Peripherals’ DPP-255 Mobile Printer Hits 5th Gear

Infinite Peripherals’ DPP-255 Mobile Printer Hits 5th Gear

Infinite Peripherals’ new DPP-255 mobile printer hits the market offering a high-speed receipt plus label printer. This MFi-certified compact unit has a print speed of 100mm/s, and supports iOS, Android and Windows. Among the fastest mobile printers in its class, the DPP-255 supports the iPad®, iPhone and iPod touch, along with devices running Android and…