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

All Consumer Credit Card Fees

Credit Card Fee Income Up 4.4% to $94.3 Billion in 2015

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Credit card fee income rose 4.4% year-on-year (YOY) in 2015, topping $94 billion. Fees in every component increased with the exception of penalty fee income with decreased slightly. R.K. Hammer estimates that the card business saw a fee income increase of $4 billion in 2015 compared to 2014. New regulations and…

Barclaycard US has named a new CEO. Curt Hess has been covering the role on an interim basis since May last year.

Barclaycard US Finally Decides on a Permanent CEO

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Barclaycard US has named a new CEO. Curt Hess has been covering the role on an interim basis since May last year. Hess has been with Barclays for eight years, most recently holding the position of Chief Financial Officer for Personal and Corporate Banking in London. He has also served as…

Digital Remittance on Fire as Remitly Likely to Top $1B

Digital Remittance on Fire as Remitly Likely to Top $1B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Seattle-based independent digital remittance company, Remitly, reports it is on track to transfer $1 billion annually based on the rate of transfers in December. This represents an increase of more than 400% from January 2015. Remitly offers money transfers from the United States to the Philippines, India and Mexico, which alone…

Visa Checkout Expands with Starbucks & Walgreens

Visa Checkout Expands with Starbucks & Walgreens

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Starbucks, Walgreens, NFL Shop, HSN and Match are among the new merchants taking advantage of Visa Checkout’s ability to deliver seamless digital payments. Walmart.com will also begin supporting Visa Checkout this year. More than 10 million consumer accounts and 600 financial institutions in 16 countries have signed up to use Visa…

Reflexis StorePulse to Run on Bluebird Windows 10 Tablets

Reflexis StorePulse to Run on Bluebird Windows 10 Tablets

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] South Korea-based Bluebird, manufacturer of Bluebird handheld computers, tablets, and mobile payment devices, has teamed with Reflexis Systems, a pioneer in real-time store execution and workforce management software. The partnership provides access to Reflexis StorePulse from Bluebird’s tablets and mobile computers, operating Windows 10—from anywhere on the sales floor or even…

China UnionPay Smashes New Year’s Day Volume Record

China UnionPay Smashes New Year’s Day Volume Record

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] China UnionPay reports transaction volume on its payments network set a new record during the 2016 New Year’s Day holiday (from January 1 to 3). Volume and transactions reached 348.64 billion Yuan and 250 million respectively, up by 26.2% and 16.4% respectively year on year. Among these transactions, offline transactions made…

Quatrro Processing and Emailage Team to Target Chargebacks

Quatrro Processing and Emailage Team to Target Chargebacks

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Atlanta-based Quatrro Processing and Emailage have formed a partnership to empower both parties in leveraging their combined service offerings to provide end-to-end fraud and chargeback solutions that are tailored for merchants of all sizes. Emailage has access to more than 5 billion emails around the world with global coverage for fraud…

FTC - Federal Trade Commission Logo

FTC Snags CardReady & E.M. Systems for Card Laundering

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Federal Trade Commission and the State of Florida have charged CardReady, a payment processing business with credit card laundering and illegally assisting and facilitating a nationwide debt relief telemarketing scheme that allegedly bilked millions of dollars from consumers. When scammers cannot gain or maintain access to the credit card networks…

Special Breaking News Mentions in Today’s CardFlash

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] In today’s special mentions: SHIFT4 (EMV); FREEDOMPAY (Microsoft); CARDFELLOW (Square); and SMARTCARD (Bluebird). SHIFT4 – Shift4 has completed certification for U.S. EMV with First Data’s Rapid Connect solution. Merchants can now process chip-embedded credit and debit card payments through Rapid Connect while receiving the security and flexibility benefits of Shift4’s DOLLARS…

U.S. 3Q/15 Consumer Debt Ratios Hover at 35-Year Lows

U.S. 3Q/15 Consumer Debt Ratios Hover at 35-Year Lows

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Financial Obligations Ratio (FOR) for 3Q/15 has declined to 15.31%, the lowest measurement since 1981 and the Debt Service Ratio (DSR) plunged to 10.03%, the second lowest ever recorded in 35 years. According to the Federal Reserve the FOR declined to 15.31% in 3Q/15, compared to 15.33% in 2Q/15 and…

U.K. Nov Credit Card Debt Growing 8.3% Annually

U.K. Nov Credit Card Debt Growing 8.3% Annually

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit in November grew at an 8.3% annual rate to £178.2 billion. Within consumer credit, credit card lending increased by 6.0% year-on-year (YOY) to £63.1 billion and other loans/ advances increased by 9.6% YOY to £115.1 billion. All figures are seasonally adjusted. The Bank of England says both subsets…