Bill Pay 2015
A new survey find 95% of Americans polled in the month of July admitted that they pay at least one bill through their computer or mobile device. Nearly 55% of those polled said they started paying online within the last five years.
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
Le VPN Expansion
Le VPN has expanded coverage to 64 new countries. These new servers boost their total coverage to over 114 countries. The company accepts standard payment methods like credit cards as well as PayPal or BitCoin. They offer a 7-day money back trial period.
Other Breaking News
In today’s CardFlash News Que: MASTERCARD (Pune); PENFED (Schenck); HEARTLAND (speech); and NXT-ID (Wocket).
US CC PDV
Due to exponential smoothing purchase dollar volume (PDV) for Visa, MasterCard, Discover and American Express U.S. credit cards is expected to exceed $4.2 trillion annually by year-end 2019. According to forecaster RAM Research, the U.S. PDV for the U.S. credit card industry is growing at a CAGR of 10.1%.
Global GDV 3Q/15
Updated figures, based on regression analysis, shows gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) globally will rise 7.1% on a currency adjusted basis (FX) for the third quarter. RAM Research projects global GDV of $3728 billion for the third quarter.
Ingenico + Worldpay
UK-based Worldpay is now valued at US$9.2 billion and Ingenico rumored is seriously considering gobbling up the payments firm. Worldpay is owned buyout firms Advent International Corp. and Bain Capital.
Moneris & Verifone
Moneris Solutions has inked EMV certification of Verifone’s line of unattended payment devices. With this certification, merchants can now adopt a secure unattended payment solution that can be deployed quickly and easily to ensure they are ready for EMV and NFC payment acceptance.
USBSI POS
US Bankcard Services unveiled its new restaurant Point of Sale (POS) system. The POS system combines multiple actions and streamlines them into one sleek system to make business management more efficient for restaurant merchants.
iZettle Funding
Sweden-base mobile payments firm iZettle has raised 60 million euros ($67.79 million) as it expands beyond its core card reader business to launch a financing service giving clients access to capital through advances on future card sales.
Cross-Bank Inquiry
CONIX Systems unveiled Cross-Bank Inquiry (CBI) product. CBI provides a practical and effective solution for cross-bank identification of duplicates and fraud prior to presentment.
Jonathan Davidson
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Jonathan Davidson, executive vice president and general manager, Juniper Development and Innovation (JDI).
AD.Dialeto + Accenture
Accenture has acquired Brazils’ AD.Dialeto, strengthening its digital marketing services provided through Accenture Interactive, part of Accenture Digital.