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

Visa Leads the Major 4 Networks in U.S. PDV Growth

Visa Leads the Major 4 Networks in U.S. PDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase dollar volume (PDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.4% year-on-year (YOY) in 4Q/15 reaching a record $1253 billion.  Visa led the way in the fourth quarter posting a 9.5% YOY gain for U.S. PDV. Visa reported fourth quarter PDV of…

TASC; FISERV; YSTATS; and NRF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: TASC (award); FISERV (DNA); YSTATS (B2C); and NRF (fees). TASC – Paybefore has honored TASC Card with the 2016 Best-in-Category award for Best Health Benefits Delivery. For 10 years, “Pay Awards” have conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile, and emerging payments industry.…

Kount & Recurly Team to Combat Subscription CNP Fraud

Kount & Recurly Team to Combat Subscription CNP Fraud

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Recurly is teaming with Kount to offer anti-fraud services focused on the needs of subscription-based merchants. Together, Kount and Recurly protect the revenue of subscription-based businesses from the losses and operational overhead caused by card-not-present fraud. Credit card fraud, especially the category of card-not-present (CNP) fraud, is a major concern for…

500 MM Chinese are Without Credit Records & Underserved

500 MM Chinese are Without Credit Records & Underserved

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Of China’s 1.4 billion people, the central bank database covers 800 million, of which roughly 300 million people had credit records. That leaves about 500 million people who can’t borrow money from traditional financial organizations. China Rapid Finance is aiming to address the issue. The Company aims to bring consumer credit…

Visa CEMEA 4Q Card Metrics Soften Except for PTX

Visa CEMEA 4Q Card Metrics Soften Except for PTX

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa’s Central Europe – Middle East – Africa (CEMEA) region performance continues to soften as all value metrics continue to point downward. However, the number of purchase transactions continued to soar, while the number of accounts and cards have remained stable. Gross Dollar Volume (GDV), FX-adjusted, declined in the fourth quarter…

COF Soaring Charge-Offs Drives Down Big 6 Issuer Avg

COF Soaring Charge-Offs Drives Down Big 6 Issuer Avg

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top 6 issuers inched were down 22 basis points (bps) year-on-year (YOY) to 2.70% for the fourth quarter (4Q/15), but up 13 bps sequentially. While Citibank has done the best job of reigning in card losses, dropping 31 bps, compared to 4Q/14, Capital One 4Q/15 charge-offs are…

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Equifax Predictor Inclusion Score Coming to LAC

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cignifi and Equifax have inked a multi-year partnership to help Equifax expand its credit scoring capabilities in Latin America. The agreement will leverage Cignifi’s analytics and technology to assess creditworthiness, propensity, and risk based on mobile phone usage data that is provided with explicit consumer consent. Cignifi’s technology will enable Equifax…

Visa & MC US Credit Cards Outpace Debit Cards by 4X

Visa & MC US Credit Cards Outpace Debit Cards by 4X

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. cards-in-force (CIF) for Visa and MasterCard payment cards (credit & debit) increased 5.0% year-on-year (YOY). U.S. credit cards increased 8.7% YOY while CIF for debit cards rose 2.2% YOY, in the fourth quarter (4Q/15). There are were 1182 million Visa and MasterCard payment cards in circulation in the U.S. for…

EMVCo Helps to Implement PAR & Reduce PAN Usage

EMVCo Helps to Implement PAR & Reduce PAN Usage

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] EMVCo updates its EMV Payment Tokenization Specification – Technical Framework bulletin. The update will provide the payment community with a global, consistent framework to implement ‘Payment Account Reference’ (PAR). To be used by merchants, acquirers and payment processors, PAR can enhance security by limiting references to a cardholder’s primary account number…

MC Leads the Major 4 Networks in Global GDV Growth

MC Leads the Major 4 Networks in Global GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally was flat year-on-year (YOY) on a nominal dollars basis, for the fourth quarter (4Q/15). However, on a currency adjusted basis (FX) global GDV for the fourth quarter increased 9.8% YOY.  The major four networks posted…

GPN; BEVO; ONE; and NACHA

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In Other News: GPN (China); BEVO (POS); ONE (Buckeye); and NACHA (Board). GPN – Global Payments is offering merchants in China the ability to accept Samsung Pay, a simple and safe mobile payment service that works almost anywhere you can swipe or tap your card. As a Samsung Pay-qualified payment provider,…

Visa Leads the Major 4 Networks in U.S. GDV Growth

Visa Leads the Major 4 Networks in U.S. GDV Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 8.1% year-on-year (YOY) in 4Q/15 reaching a record $1443 billion.
 Visa led the way in the fourth quarter posting a 8.9% YOY gain for U.S. GDV.

Visa reported fourth quarter GDV of $841…