Visa & Chevron NFC
Chevron and Visa are launching a mobile payments program at more than 20 Chevron-branded stations, accepting any NFC (near-field communications) payment service.
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
PAX’s BroadPOS & EMV
PAX Technology announced PAX’s BroadPOS secure payment solution has been certified by First Data to accept EMV transactions using First Data’s Rapid Connect platform.
EVO & NFC
EVO Payments International (EVO) will provide full support for contactless payments made through mobile wallet providers Apple Pay, Android Pay, and Samsung Pay.
Other Breaking News
In today’s CardFlash News Que: AMERICAN EXPRESS (Unstaged); AFFINITY FCU (Kindness); OBERTHUR (EMV); and EUROPE (P2P).
BIG 6 CARD YIELDS
The average yield among the nations’s top six bank credit card issuers is expected to trickle upwards to 11.67% for the third quarter says RAM Research. The gang of six posted an average yield of 11.16% for the second quarter, according to CardData.
V+M US DEBIT
Visa and MasterCard U.S. debit card gross dollar volume (GDV) is expected to hit $645 billion for the third quarter says RAM Research.
Visa and MasterCard U.S. debit card GDV rose 6.2% year-on-year (YOY) in the second quarter, according to CardData.
Mastercard APMEA
MasterCard’s (MC) Asia Pacific – Middle East – Africa (APMEA) region Q2/15 FX-adjusted Purchase Dollar Volume (PDV) is expected to dip to 14.6% for the third quarter, according to RAM Research. MC’s APMEA region Q2/15 FX-adjusted PDV rose year-on-year (YOY) by 15.4% in the second quarter, according to CardData.
VISA CEMEA GDV
Visa’s (VS) Central Europe – Middle East – Africa (CEMEA) region Gross Dollar Volume (GDV) FX-adjusted is expected to rebound in the third quarter with year-on-year (YOY) gain of 9.9%, according to RAM Research.
VS CEMEA GDV hit the brakes in the second quarter with a YOY gain of 7.1%, compared to 12.4% in the prior quarter and 12.8% in the year ago quarter, according to CardData.
ATM & OD Fees
A new survey shows the average fee for using an out-of-network ATM rose four percent over the past year to a record $4.52 per transaction.The average overdraft fee also set a new record ($33.07) and is up nine percent since 2010.
Cumberland SmartPay
MA-based Cumberland Farms, a gasoline and convenience retailer, reports its brand has sold $1 billion in gas through its SmartPay program since its launch in January 2013. Over the last 12 months, transaction volume has more than doubled and continues to grow rapidly, making SmartPay Check-Link the most popular method of payment at the pump.
Kantar & Content Analytics
Kantar Retail, WPP’s global retail and shopper specialists, has teamed with Content Analytics, an eCommerce analytics and optimization firm. The Content Analytics platform provides proactive content editing tools and real-time insights to brand, supply chain and eCommerce managers to drive their online business.
ClickSWITCH
NCR’s GA-based Digital Insight has added the automated account switching solution ClickSWITCH, a turnkey solution that simplifies the switch of recurring payments and deposits for a financial institution’s new and existing account holders, to its product suite.