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

MasterCard IQ Series Targets Card Fraud

MasterCard IQ Series Targets Card Fraud

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard IQ series, a suite of pioneering solutions that use real-time intelligence to empower issuers to make more informed fraud management decisions is here. Through this effort, cardholders and merchants would see a reduced number of transactions unnecessarily declined, while maintaining the highest levels of security. Javelin estimates that one out…

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Data Broker Defendants Settle FTC Charges

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A group of defendants have settled Federal Trade Commission charges that they knowingly provided scammers with hundreds of thousands of consumers’ sensitive personal information – including Social Security and bank account numbers. The proposed federal court orders prohibit John Ayers, LeapLab and Leads Company from selling or transferring sensitive personal information…

CFPB Finalizes Consumer-Friendly Policy

CFPB Finalizes Consumer-Friendly Policy

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Consumer Financial Protection Bureau (CFPB) finalized a policy to facilitate consumer access to financial products and services that promise substantial benefit to consumers. The new policy establishes a process for companies to apply for a statement from Bureau staff that would reduce regulatory uncertainty for a new product or service…

Lavu & PayPal Team for Restaurants and Bars

Lavu & PayPal Team for Restaurants and Bars

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Lavu, a specialist in POS solutions for restaurants and bars that run on iOS-based mobile devices has selected PayPal to bring payment processing of EMV or traditional swipe credit and debit card payments to restaurants, bars, food trucks, and other food/beverage businesses nationwide. Restaurant and bar owners often face high costs…

Pace Payment Systems & CitySourced Hook-Up

Pace Payment Systems & CitySourced Hook-Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TN-based Pace Payment Systems has inked a partnership with CitySourced to integrate electronic credit card and ACH payments to CitySourced’s mobile citizen engagement platform. The partnership will result in cities and towns being able to offer their citizens the ability to make municipal payments with their smartphone device from a single…

Contactless Volume on MasterCard’s UK Net Up 375% YOY

Contactless Volume on MasterCard’s UK Net Up 375% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The total number of MasterCard processed transactions passed the 1 billion mark in Europe last year – an increase of 150% from 2014. MasterCard’s latest figures reveal that the UK is leading the way with the number of active contactless cards in circulation growing by 188% in the UK, and contactless…

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TeleSign and Orange do the Tango for Security

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TeleSign has inked an agreement with Orange, one of the world’s leading telecommunications operators, to deliver mobile identity and fraud prevention services this year. This new partnership brings together TeleSign’s portfolio of authentication and mobile identity solutions with Orange’s unique insights about its network and subscribers. This combination will lead to…

GPN + Apple Pay + China UnionPay

GPN + Apple Pay + China UnionPay

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global Payments will offer merchants in China the ability to accept China UnionPay payments made with Apple Pay. Global Payments is fully enabled for Apple Pay acceptance, allowing merchants to offer their customers the convenience of paying quickly and easily with Apple Pay in-store. Security and privacy are at the core of…

Breaking News Mentions in Today’s CardFlash February 18, 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Breaking News: MODOR (digital commerce); ADS (stock); CSC (digital banking); and WiseSec (ATMs). MODOR – Modor Intelligence says the Global Digital Commerce Software Market is estimated to be worth $4 billion in 2015 and is projected to reach to $8.68 billion by 2020 at a CAGR of 16.73%. North America is…

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TransferTo & Vodafone Buddy for M-Pesa Mobile Money

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TransferTo has partnered under a framework agreement with Vodafone Group to enable real-time international money transfers to M-Pesa Mobile Money accounts worldwide. Powered by TransferTo’s cross-border Mobile Money network, the global partnership will make it faster and easier for consumers and organizations to send money to multiple M-Pesa accounts, in real…

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Cross-Border Payments in 2016 to Surge

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] There are more people transacting across borders in larger sums than ever before. This group does not feel bound by borders in terms of lifestyle, access or travel. According to Flywire, they are spending increasing amounts on goods and services outside their home countries, resulting in dramatic growth in cross-border payments…