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

Wells Fargo Card Portfolio Up but Charge-Offs Higher

Wells Fargo 4Q/15 PTX Up 14.6%; m-Users Soar 14.9%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wells Fargo fourth quarter (4Q/15) consumer credit card purchase dollar volume (PDV) rose 12.5% year-on-year (YOY) as purchase transactions (PTX) soared by 14.6%. Average consumer credit card 4Q/15 outstandings grew 9.3% YOY to $34.0 billion, compared to $32.3 billion for 3Q/15 and $31.1 billion for 4Q/14. Consumer credit card PDV for…

Nishu Thukral

Pangea Money Transfer Promotes Nishu Thukral to CEO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Pangea Money Transfer has ankled Nishu Thukral as chief executive officer and president. Thukral previously served as chief operating officer at Pangea. Additionally, Pangea has appointed Tracey Weinberg as head of marketing and Elizabeth Arnold as vice president of product management. In his new role, Thukral will leverage his extensive payments…

MasterCard to Use AI for its U.K. Sales Team

MasterCard to Use AI for its U.K. Sales Team

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard will be using artificial intelligence (AI) technology developed by Rainbird Technology, a startup from its current Start Path Global class, to develop a UK sales advisory tool. Rainbird’s software will capture knowledge and experience in the current sales function and encode it into software that learns with time and experience…

Nexonia acquired ExpenseWatch

Nexonia acquired ExpenseWatch

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Nexonia has acquired ExpenseWatch, a provider of spend management solutions. The acquisition joins two organizations that offer feature-rich SaaS financial management solutions, highly configurable integrations and industry leading customer support. The Company says the acquisition demonstrates Nexonia’s ambition for innovation and growth in the cloud-based financial management marketplace, providing best-in-class products…

Cubic & Transport for London Receive an Award

Cubic & Transport for London Receive an Award

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cubic, along with Transport for London (TfL) received another major honor for London’s contactless bankcard system. After winning the ‘Technological Innovation’ award at the 18th annual Rail Business Awards. The premier event recognizes excellence and innovation in the United Kingdom’s rail sector. This is the eighth major award for Cubic and…

Wirecard new Prepaid mycard2go with Visa Simply One

Wirecard new Prepaid mycard2go with Visa Simply One

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Germany’s Wirecard has introduced mycard2go, reloadable, can be used abroad and online. Issued by Wirecard Bank, it is the first Visa Simply One combined card, bringing together the functionality of a traditional credit card with that of a V PAY debit card. The solution combines high-level security in the form of…

WIPP and AmEx OPEN Comend Federal Government

WIPP and AmEx OPEN Comend Federal Government

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Women Impacting Public Policy (WIPP) and American Express OPEN have commended the U.S. Government’s achievement of awarding 5% of its annual federal contracts to women-owned small businesses. This is the first time since the goal was set more than twenty years ago. The five percent goal was put in place as…

Sionic Mobile Beefs-UP its ION Loyalty app

Sionic Mobile Beefs-UP its ION Loyalty app

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Sionic Mobile has released its new ION Loyalty app for small business merchants and ION Rewards app for consumers; both available for free download in the App Store and Play. These latest releases further enhance the social experience, by cloaking the physical payment (plastic cards stay tucked safely away), while adding…

PayCertify.cash Coming this Month

PayCertify.cash Coming this Month

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PayCertify will launch on March 15th PayCertify.cash, the company’s new private processing network and online application that gives vendors new ways to accept secure payments. PayCertify already gives more than 4,000 high risk merchants a variety of fraud protection tools, helping them eliminate the cost burdens of fraudulent transactions. With the…

EPX a Finalist for an Innovator Award

EPX a Finalist for an Innovator Award

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Electronic Payment Exchange (EPX), a full-service credit card, debit card and electronic check (ACH) payment processor, is a finalist for the 2016 PYMNTS Innovator Award for Best Comeback Story. The awards are one of the highlights of the PYMNTS 2016 Innovation Project, scheduled for March 16-17, 2016, on the campus of…

Planet Payment & Moneris Ink Currency Conversion Deal

Planet Payment & Moneris Ink Currency Conversion Deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Planet Payment and Moneris Solutions have inked an agreement to deliver currency conversion functionality at the checkout to Moneris’ portfolio of merchants in Canada.   With this agreement, Moneris plans to integrate Planet Payment’s currency conversion technology into its suite of product offerings. This agreement will significantly expand Planet Payment’s solution…