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

Mobeewave Empowers Global Payments’ Canadian Clients

Mobeewave Empowers Global Payments’ Canadian Clients

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Montreal-based Mobeewave and Global Payments inked an agreement to offer Global Payments’ Canadian clients an innovative new mobile payment acceptance solution. The solution is designed to enable secure, in-person payment transactions, made with any contactless credit card or mobile wallet (e.g. Apple Pay, Samsung Pay, Android Pay), directly on an NFC-enabled…

Visa Ankles New EVP/CMO & Communications Officer

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa has ankled Lynne Biggar as Executive Vice President and Chief Marketing and Communications Officer, effective February 1st. She will also serve as a member of the company’s Executive Committee and Operating Committee. Ms. Biggar joins Visa from Time Inc. where she was the Executive Vice President, Consumer Marketing & Revenue.…

Levvel Nails a $2 MM Round of Financing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NC-based Levvel, an IT consulting firm that provides its clients with the ability to leverage technology to innovate like nimble disruptors and scale like industry leaders today announced that it has completed a $2 million round of financing, led by its senior management team. Also participating in the capital raise were…

CPI Card Group Ankles Doug Pearce to Board

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CPI Card Group has ankled Doug Pearce to the board of directors, effective as of January 20th. Pearce will serve on the Board’s Audit Committee and the Nominating and Corporate Governance Committee. Doug Pearce was the founding Chief Executive Officer and Chief Investment Officer of the British Columbia Investment Management Corporation…

UnionPay International and Dubai Tourism Ink a Major Deal

UnionPay International and Dubai Tourism Ink a Major Deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] UnionPay International and Dubai Tourism has announced their partnership in Shanghai, agreeing to jointly enhance the payment convenience in Dubai for UnionPay cardholders through resource sharing and advantage complementing. With this cooperation, the two sides jointly launch a marketing campaign for UnionPay cards (card number starting with 62) at over one…

Special Breaking News Mentions January 20, 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] CardFlash.com Breaking News: WU (milestone); PINNACLE (investment); EMAZZANTI (PCI); and FIDO (milestone). WU – The Western Union Company announced its account payout network, a global capability that enables cross-border money transfers to be directed to bank accounts – has reached a new milestone, now connecting consumers to over one billion bank…

BofA Grapples With 4Q/15 Credit Card Portfolio Stagnation

BofA Grapples With 4Q/15 Credit Card Portfolio Stagnation

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The nation’s second largest Visa and MasterCard issuer continues to struggle with sluggish outstandings and purchase dollar volume (PDV) growth, plus credit card quality is inching north. BofA (EOP) U.S. bank credit card outstandings declined 2.5% year-on-year (YOY) to $89.6 billion for the fourth quarter (4Q/15). Meanwhile, Purchase Dollar Volume (PDV)…

Wells Fargo - 2nd Fastest Growing Top 10 U.S. Card Issuer

Wells Fargo – 2nd Fastest Growing Top 10 U.S. Card Issuer

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wells Fargo’s credit card fourth quarter (4Q/15) portfolio outstandings jumped 9.3% year-on-year (YOY) to $34.0 billion. Purchase dollar volume (PDV) soared 12.5% YOY to $18.9 billion, compared to 15.1% YOY in the prior quarter. Wells Fargo is the second fastest growing U.S. card issuer among the top ten, next to Capital…

Wirecard Inks Visa Europe Collab & Austrian Federal Railways

Wirecard Inks Visa Europe Collab & Austrian Federal Railways

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wirecard Technologies has inked a partnership with Visa Europe Collab. Wirecard also inked a major deal with Austrian Federal Railways (ÖBB). Visa Europe Collab is an initiative from Visa Europe that operates Innovation Labs in Berlin, London and Tel Aviv. As a strategic development partner of Visa Europe Collab, Wirecard will…

MasterCard Installments Option Set for Summer Launch

MasterCard Installments Option Set for Summer Launch

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard Installments is gearing-up in Europe enabling cardholders to split transactions across equal monthly installments using their existing debit, credit or commercial card at the time of purchase. MasterCard says this makes high-value purchases, such as a new TV or car repairs, more attainable and manageable for consumers. MasterCard Installments can…

KDC500 – Smallest PCI Certified EMV/MSR Payment Companion

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] NJ-based KOAMTAC has teamed with e-Nabler, developer of the mobile POS software eMobilePOS. Through this partnership, merchants will be able to deploy turn-key tablet and handheld based POS solutions that comply with EMV payment requirements. KOAMTAC KDC Bluetooth barcode scanners and mobile POS companions are the world’s most compact yet durable…

Chargebacks Remain a Major Nuisance for U.S. Merchants

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] For Visa and MasterCard transactions, chargebacks merchants receive are, on average, 1.6 basis points (bps) of sales number and 6.5 bps of sales value. About 70% to 80% of chargebacks are resolved as merchant liability. The most common chargeback reason is fraud, which accounts for about 50% of the total chargebacks.…