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

British Consumer Credit Card Debt Continues to Accelerate 9%+ Year-on-Year

U.K. consumer credit continued to expand at a brisk pace in November, topping 10% year-on-year (YOY). In November total consumer credit grew to £192.2 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 11.4% and 10.8% respectively. The Bank of England (BOE) reports consumer credit increased by £1.9 billion in November, in…

Verifone Expands its Engage Family with New Advanced Multilane Payment Device

Verifone has pulled up the curtain on its sleekest, the most advanced and intuitive multilane payment device ever. Verifone designed the new M400 to enable this for its department store, specialty retailer, grocery store, hotel, quick service restaurants and convenience store clients. Verifone says multilane merchants need a platform capable of supporting their vision for…

Next Generation Payment Testing Solutions Optimizes Existing Legacy Testing Assets

Paragon Application Systems has inked a deal with RS Software India, a provider of digital payment technology solutions that builds payment infrastructure for countries all across the globe and helps businesses transition from legacy to modern e-payment systems. The alliance addresses the growing demand for testing solutions that provide better automation and more comprehensive code…

Cargo Volume Data Points to a Very Strong Holiday Shopping Season

Dovetailing with recent consumer spending and consumer debt statistics, imports at the nation’s major retail container ports saw an unexpected increase during the industry’s busy holiday season. Global Port Tracker says retailers don’t import merchandise unless they think they can sell it. Ports covered by Global Port Tracker handled 1.64 million Twenty-Foot Equivalent Units in…

GPN Heartland Merger Expense Synergies Pays-Off Big Time in Fourth Quarter

Atlanta-based Global Payments (GPN) reported fourth calendar quarter (4Q/16) [fiscal second quarter ending 11/30/16] gross revenues grew 30.4% year-on-year (YOY), while net income declined 37.2% YOY. Revenues for North America increased 16.1% YOY. GPN says the particularly strong performance was driven by the integrated payments businesses, OpenEdge and Ezidebit, and from its software led solutions…

Wix Integrates with Square for mPay and ePay POS Options and Online Management

Wix, a major cloud-based web development platform with more than 97 million registered users worldwide, is integrating with Square to give Wix merchants and entrepreneurs in North America a new way to accept online and in-person credit card payments. Wix’s Square integration improves payment processing and allows both online and in-person payments, via mobile device…

Discover Card Portfolio Remains Solid – However Card Investments Edge Up

While not exploding, Discover’s (DFS) credit card portfolio continues to stay in positive territory. Year-on-year (YOY) growth in the third quarter (3Q/16) was limited to single digits, as delinquency edged upward. Discover’s total revenue rose 5.2% YOY to $2301 million for 3Q/16, compared to $2216 million in the prior quarter and $2188 million for the…