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

U.K. Credit Card Outstandings Growth Hits 9% YOY – CardData

U.K. consumer credit continued to expand at a brisk pace in October, topping 10% year-on-year (YOY). In October total consumer credit grew to £190.1 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 10.6% and 10.5% respectively. The Bank of England (BOE) reports consumer credit increased by £1.6 billion in October, in…

Anon Coin Market Ready for a Big Shakeout in Wake of Ponzi Cryptocurrency Scams

UK-based cryptocurrency CLOAKCOIN is ready to take on the so-called anon coin market currently being dominated by the latecomers like Monero, ZCash, and others. There are also examples of many people abusing the anon coin market to turn it into an “easy come, easy go” market by creating Ponzi-like schemes around it. These fraudulent actions on…

Australia Credit Card Outstandings Up Single Digits in Oct – CardData.com

Australian credit card outstandings rose by 1.6% year-on-year (YOY) in October. Credit card credit limits increased 2.3% YOY and the number of credit card accounts rose 2.6% YOY in October. The average balance per account in October declined 1.0% YOY to AU$3070, compared to AU$3074 for September, and AU$3102 for October 2015.

Credit card outstandings for…

First Data’s Clover Go Reader Among Top Innovative Products of 2016

Among this year biggest payments innovations and product introductions is First Data’s new Clover Go “All-In-One” reader. It is the first fully integrated payment card reader that accepts payments via card swipes, EMV and NFC transactions (including Apple Pay, Android Pay & Samsung Pay) all through a single device.   Beyond its convenient all-in-one functionality,…

Nationwide Continues Blistering Battle with CFPB Operation Choke Point Litigation

Nationwide Biweekly Administration (Nationwide) has been allowed to move forward with its Operation Choke Point claims against the Consumer Financial Protection Bureau (CFPB). Operation Choke Point is a U. S. Department of Justice initiative meant to block access to payment systems by targeted businesses and shut them down without a court order. In an order…

Turkish Airlines Joins 35 International Airlines Accepting China’s UnionPay

UnionPay reports the official website of Turkish Airlines accepts UnionPay and the website of AirAsia support multi-currency payment with UnionPay cards. So far, 35 international airlines outside mainland China support online ticket booking with UnionPay cards, and many also provide exclusive offers for UnionPay cards. Recently, UnionPay International has reached cooperation with two more internationally…