Barclaycard US CEO
Barclaycard US has appointed Curt Hess as Interim CEO. Hess has been with Barclays for eight years, most recently holding the position of Chief Financial Officer for Personal and Corporate Banking in London.
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
RSwitch & UnionPay
The largest payment switch in Rwanda, RSwitch, and UnionPay International have inked a deal for ATMs of all the member banks of RSwitch to accept UnionPay cards by the end of this year.
EMV Education
The most common form of customer education about EMV is through printed material sent along with the new card: 47% of EMV cardholders said this is how their primary bank informed them about what the chip was for.
Household Debt
Total household debt in the U.S. was $13.512 trillion at the end of 2014 and credit cards accounted for 6.52% or $881.57 billion. The ratio of credit card debt to household debt was highest in 1996 at 10.05%.
Data Breaches
Experian Data Breach Resolution issued a white paper on the current state of data breach legislation that shapes how companies must prepare for and respond to a data breach.
PNC Core Visa
PNC Bank announced the launch of the new PNC Core Visa credit card and the PNC Cash Rewards Visa Signature Business credit card.
Westpac Mr. Tinfoil
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the Mr. Tinfoil – Westpac TV Commercial Ad.
Managing Fraud
More than 50% of retailers in the US and Europe still have to consolidate their fraud management solutions across all channels. Omni-channel retail sales are predicted to reach $1.8 trillion (£1.1 trillion) in the US by 2017, with sales in Europe predicted to hit €920 billion (£660 billion), or 44%of total European sales, by 2018.
Other Breaking News
In today’s CardFlash News Que: NAB (award); MYCHECK (Twin Peaks); FISERV (PBC CU); and BLUESNAP (Sensibo).
EMV Cards Production
WI-based Fiserv has expanded its card production capabilities to include milling and embedding, enabling the company to complete the entire EMV™ chip card production process in house and streamline the migration to EMV chip cards for clients.
Fiserv + PBC CU
Fiserv, Inc. announced that PBC Credit Union, based in West Palm Beach, Florida, has expanded its long-term relationship with Fiserv, upgrading its DataSafe® account processing platform and adding integrated digital solutions to enhance member services. The credit union added Mobiliti™ for mobile banking, Loancierge® for Credit Unions for automated lending, Wisdom™: Accounting for comprehensive accounting and Wisdom: 5300 Call Report Assistant for call report functionality.
Tyro + TouchBistro
Tyro Payments and TouchBistro have teamed up to provide users of TouchBistro point of sale (POS) systems in Australia with a fully integrated, easily set up and highly secure electronic card payment system to process patron payments for food and drink orders.