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

UnionPay RMB Cap

According to the requirements of the State Administration of Foreign Exchange, a cap on annual cash withdrawal overseas (including Hong Kong, Macao and Taiwan, the same applies hereinafter) is newly imposed for UnionPay RMB cards issued in mainland China, in addition to the currently cap requirement of ten thousand RMB equivalent on cash withdrawal per card per day.

Diversus & XAC

Ontario-based Diversus Payment Solutions, a unique transaction solutions provider that delivers value-added, cost-effective payment solutions through best-of-breed partnerships, today announced that it has inked a distributor/software integrator agreement with XAC Automation Corporation of Taiwan to distribute XAC products in Canada and the USA.