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

UAE Establishing a Mobile Payments Platform Integrated with Government Services

Emcredit, a subsidiary of the Dubai Economic, has inked a partnership with Cardtek to offer a secure infrastructure for mobile payments, identification, and extended smart government services for UAE residents. As a part of Dubai’s Smart Government Initiative, emPay will bring together a number of service providers including commercial banks, government departments, exchange houses, retailers,…

Visa Credit Cards Drive V+M Payment Card Purchase Transactions Growth

Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 7.0% year-on-year (YOY) in the fourth quarter (4Q/16) to 21.3 billion. The growth was driven by credit cards, and more specifically Visa, according to CardData. U.S. purchase transactions for Visa and MasterCard payment cards (debit+credit) hit 21,311 in 4Q/16, compared…

Innovative Shopping Trends in Retail Taking Shape in 2017

The self-serve retail model, 24/7 stores with robot-assisted drive-thru windows, and interactive mirrors will become mainstream. Nearly half (47%) of consumers in a recent survey ranked interactive touchscreen mirrors in dressing rooms among the top three most exciting innovations of the future. According to Synchrony Financial’s Future of Retail: Insight and Influences Shaping Retail Innovation…

Despite Brexit Brits Pile On Credit Card Debt in Early 2017

U.K. consumer credit took a sharp turn north in February, despite the Brexit uncertainty, rising to its highest annual growth rate of the past twelve months. The year-on-year (YOY) rise jumped 260 basis points (bps) 20 in February. In February total consumer credit grew to £196.0 billion. The three-month annualized and twelve-month growth rates, seasonally…

Viewpost to Integrate Visa Virtual Commercial Cards Payments

B2B payments specialist Viewpost has inked a major partnership with Visa to bring electronic business payments to Viewpost’s small to medium-sized business clients (SMBs). By using Visa virtual commercial cards through their participating financial institutions, SMBs will increase automation, convenience and security for their B2B transactions. Viewpost’s SMB customers will be able to benefit from…

Mastercard Acquires Biometric Digital and Mobile Payments Fraud Fighter

Mastercard has inked an agreement to acquire NuData Security, a global technology company helping businesses prevent online and mobile fraud using session and biometric indicators. The Internet of Things is creating a more digitally-driven and digitally-connected world, with an estimated 50 billion smart devices to be in use across the globe by 2020. While such…