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

Walmart Rewards on Credit, Store and Prepaid Cards

Walmart Rewards on Credit, Store and Prepaid Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Walmart is now offering rewards for purchases made with either the Walmart Credit Card, the Walmart MasterCard or the Walmart MoneyCards. The new, simplified rewards value proposition – 3-2-1 Save – add mpre value to the Walmart family of credit and prepaid cards, issued and administered by Synchrony Bank and Green…

UK Credit Card Lending Maintains 6%+ YOY Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit in February grew at a 9.3% annual rate to £180.7 billion. Within consumer credit, credit card lending increased by 6.7% year-on-year (YOY) to £63.8 billion and other loans/ advances increased by 10.9% YOY to £116.9 billion. All figures are seasonally adjusted. Credit card lending increased by £0.2 billion…

January consumer revolving credit card debt increased at an annual rate of -1.3%, compared to +7.0% in December and +8.4% in November. Overall consumer credit increased at a seasonally adjusted annual rate of +3.6%. Non-revolving credit increased at an annual rate of +5.4%. Total revolving credit for January posted at $935.3 billion, compared to a revised $936.4 billion in December, and a revised $930.9 billion in November, according to the Federal Reserve. Total consumer credit, at the end of January, stood at $3543.6 billion. U.S. credit card outstandings end-of-period (EOP) among the Big 6 issuers decreased 0.3% in the fourth quarter year-on-year (YOY) to $485.5 billion. U.S. CONSUMER REVOLVING CREDIT 4Q/14: $890.0 billion 1Q/15: $890.8 billion 2Q/15: $910.2 billion 3Q/15: $923.4 billion 4Q/15: $936.4 billion Source: Federal Reserve BIG 6 U.S ISSUERS OUTSTANDINGS 4Q/14: $486.8 billion 1Q/15: $461.6 billion
 2Q/15: $474.5 billion
 3Q/15: $479.4 billion
 4Q/15: $485.5 billion AMERICAN EXPRESS U.S. CREDIT OUTSTANDINGS 
4Q/14: $62.6 billion 1Q/15: $59.9 billion 2Q/15: $61.7 billion 3Q/15: $62.1 billion
 4Q/15: $51.4 billion DISCOVER U.S. CREDIT OUTSTANDINGS 
4Q/14: $56.1 billion 1Q/15: $53.5 billion 2Q/15: $54.9 billion
 3Q/15: $55.7 billion
 4Q/15: $57.9 billion CHASE U.S. CREDIT OUTSTANDINGS 
4Q/14: $131.0 billion 1Q/15: $123.3 billion 2Q/15: $126.0 billion 3Q/15: $127.0 billion 
4Q/15: $131.5 billion BANK OF AMERICA U.S. CREDIT OUTSTANDINGS 
4Q/14: $91.9 billion 1Q/15: $87.3 billion 2Q/15: $88.4 billion 
3Q/15: $88.3 billion 
4Q/15: $89.6 billion CAPITAL ONE U.S. CREDIT OUTSTANDINGS 4Q/14: $77.7 billion 1Q/15: $74.1 billion 
2Q/15: $79.0 billion
 3Q/15: $82.2 billion 
4Q/15: $87.9 billion CITIBANK U.S. CREDIT OUTSTANDINGS 4Q/14: $67.5 billion 1Q/15: $63.5 billion 2Q/15: $64.5 billion
 3Q/15: $64.8 billion
 4Q/15: $67.2 billion Source: Federal Reserve; American Express; Discover; Chase; Bank of America; Capital One; Discover For a complete archive of more than 60,000 articles published since 1995 search the CardFlash.com library.

Consumer Credit Hits the Brakes In Jan After a Solid 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] January consumer revolving credit card debt increased at an annual rate of -1.3%, compared to +7.0% in December and +8.4% in November. Overall consumer credit increased at a seasonally adjusted annual rate of +3.6%. Non-revolving credit increased at an annual rate of +5.4%. Total revolving credit for January posted at $935.3…

Credit Card Delinquency Edges Up Across the Board

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The 30+ day delinquency rate (not seasonally adjusted) for the top 100 U.S. banks increased 2 basis points (bps) sequentially, and up 1 bps from one-year ago for the fourth quarter (4Q/15). Among the nation’s top four card issuers, delinquency edged up by 5 bps from the prior quarter, but dropped…

PAYEASE; GOLDMONEY; UPHOLD; and K-RISE

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: PAYEASE (Apple Pay); GOLDMONEY (G2G); UPHOLD (India); and K-RISE (OPN). PAYEASE – China’s first electronic payment enterprise, PayEase now supports payment through Apple Pay on Apple Store APP, providing more flexibility to consumers on mobile terminal transactions. With immediate effect, mobile terminals on Apple Store APP officially support payments…

Street Invoice Beefs Up App as Open Source for All ISOs

Street Invoice Beefs Up App as Open Source for All ISOs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Street Invoice app is revolutionizing the payment acceptance method with a new technology that is an open source for every ISO in the credit card processing business. All ISOs (Independent Selling Organizations) in the merchant services business were working hard to build a book-of-business until their merchants decided to move…

e-Commerce Fraud Soars with New US EMV & NFC Cards

e-Commerce Fraud Soars with New US EMV & NFC Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research reveals the implementation EMV and NFC cards in the U.S. has driven online fraud upward by 80-100%. The March edition of the Digital Identity Tracker, a forum for framing and addressing key issues and trends in fraud and identity protection, also found total revenues lost from eCommerce transactions due to…

AmEx Japa Region Continues Strongest GDV Growth

AmEx Japa Region Continues Strongest GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express (AXP) international gross dollar volume (GDV) for the fourth quarter (4Q/15) rose 8.0% year-on-year (YOY) on a currency adjusted basis (FX). The gain was primarily driven by the Japan, Asia Pacific & Australia (JAPA) region which soared 15.0% YOY. 

The YOY GDV FX growth rate for the three AXP…

US EMV Payment Card Sales Drives Gemalto Growth

US EMV Payment Card Sales Drives Gemalto Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gemalto’s Payment business grew by +23% in 2015. The Americas posted the largest growth, with revenue almost doubling compared to previous year on strong sales of EMV payment cards and rapid expansion of issuance services in the U.S. Payment Embedded software & Products sales grew by +19% and Payment Platforms &…

All Top 4 Issuers Post Higher Late Stage Delinquencies

All Top 4 Issuers Post Higher Late Stage Delinquencies

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The average late stage U.S. credit card delinquency (90+ day) among the nation’s top four issuers increased 9 basis points (bps) sequentially, to 1.07% for the fourth quarter (4Q/15), compared to 0.98% in the prior quarter and 1.05% one-year ago. All the issuers were up sequentially in 4Q/15. The Chase 90+…

New AmEx/Schwab Credit and Charge Card Have Arrived

New AmEx/Schwab Credit and Charge Card Have Arrived

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] After inking a multi-year, exclusive co-brand deal last year, American Express and Charles Schwab have unveiled a new credit card and a new charge card. The American Express Platinum Card® for Schwab gives clients excellent rewards, benefits, and services with the added ability to redeem Membership Rewards® points for deposits by…