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

V+M 4Q Global Purchase Transactions Up 14%

V+M 4Q Global Purchase Transactions Up 14%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 14.3% year-on-year (YOY) in the fourth quarter (4Q/15) and 6.5% sequentially.  The two networks combined processed 40.8 billion purchase transactions in 4Q/15, compared to 35.7 billion one-year ago. Visa posted a 13.3% YOY gain in…

4Q U.S. Credit Card PDV Among Big 6 Issuers Up 6% YOY

4Q U.S. Credit Card PDV Among Big 6 Issuers Up 6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV), credit and debit cards, among the Big 6 U.S. card issuers, rose 6.1% year-on-year (YOY) and 4.4% sequentially in the fourth quarter. Capital One completely blew out the Big 6 pack by a 3-to-1 margin.

 he Big 6 U.S. issuers racked up $520.6 billon in PDV…

Payment Cards Drive Explosion of e-Commerce in Pakistan

Payment Cards Drive Explosion of e-Commerce in Pakistan

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Despite the low internet penetration in Pakistan online shopping has skyrocketed. Its e-commerce industry is expected to cross the US$600 million benchmark next year. According to PakStyle one reason internet was not popular in Pakistan earlier on was the very low use of credit cards in the country’s economy. However with…

Soaring 4Q COF Charge-Offs Drive Top 4 Average Higher

Soaring 4Q COF Charge-Offs Drive Top 4 Average Higher

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top four U.S. issuers dropped 10 basis points (bps) year-on-year (YOY) to 2.87%, and up 19 bps sequentially for the fourth quarter (4Q/15). Soaring Capital One losses drove the sequential gain for the peer group. The Chase 4Q/15 charge-offs ratio inched up by 1 bps from 3Q/15…

BILL.COM Tops 1 MM Members & Set to Launch a Dashboard

BILL.COM Tops 1 MM Members & Set to Launch a Dashboard

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Bill.com Network is reaching critical mass, surpassing the 1 million member mark and $25 billion in annual transactions. Through the Network, Bill.com connects businesses and banks in the cloud, enabling faster and lower-cost payments and improved collaboration to bring digital business payments into the 21st century. With more than 1…

BofA & US Bank Offer Real-Time P2P via clearXchange

BofA & US Bank Offer Real-Time P2P via clearXchange

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bank of America and U.S. Bank are now live and actively processing real-time person-to-person (P2P) transactions through Early Warning’s clearXchange network. Customers at both banks are now able to send eligible real-time P2P payments to customers at either bank, with funds made available for use. The solution is unique in its…

Payment Cards Drive Economic Growth Globally

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new study has found the increased use of electronic payment products, including credit, debit and prepaid cards, added $296B to GDP, while raising household consumption of goods and services by an average of 0.18% per year. The Visa 2016 study of 70 countries, conducted by Moody’s Analytics, also found real…

Payment Cards Drive Economic Growth Globally

Payment Cards Drive Economic Growth Globally

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new study has found the increased use of electronic payment products, including credit, debit and prepaid cards, added $296B to GDP, while raising household consumption of goods and services by an average of 0.18% per year. The Visa 2016 study of 70 countries, conducted by Moody’s Analytics, also found real…

Other: USAT; SWIPELY; NEXONIA; HEARTLAND

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Other News: USAT (Rawls); SWIPELY (Upserve); NEXONIA (Amadeus); and HEARTLAND (Best 401k). USAT – USA Technologies has added Rawls Distributing Company, a Canteen franchise, to its growing list of ePort Connect customers committing to a fully connected operation. SWIPELY – Data analytics company Swipely, which manages over 11 million meals per…

FTC Seal Logo

FTC to Examine Credit Card Data Security Auditing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Federal Trade Commission has issued orders to nine companies requiring them to provide the agency with information on how they conduct assessments of companies to measure their compliance with the Payment Card Industry Data Security Standards (PCI DSS). PCI DSS audits are required by the major payment card issuing companies…

PayVisors intros Hosted Payment Gateway Solution

PayVisors intros Hosted Payment Gateway Solution

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] PayVisors has unleashed its most advanced white label payment gateway as a hosted service for credit card and ACH processing. PayVisors hosted gateway solution will utilize United Thinkers’ UniPay Payment Management Platform to enable clients to meet all of their payment management goals. UniPay is currently used by payment facilitators, software…