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

Small Web Businesses Favor Ancillary Payment Service Providers

A new survey of web-based U.S. small businesses (between $500 thousand and $5 million annual sales) found a picture that is both reassuring and threatening to providers of payment services. The Mercator Advisory Group survey discovered small businesses deal primarily with one payments provider, on the other hand, ancillary payment service providers are joining the…

Wirecard to Enable Purchase Insurance at POS w/Credit Life’s boon

Wirecard is gearing-up to integrate coverage solutions from Credit Life International in its mobile payment solution. Soon, purchases made by users via the mobile app can also be insured at the touch of a button during the checkout process. The combination of payment and insurance is extremely convenient for users.  A fully digitized prepaid MasterCard,…

Raiffeisen Bank Upgrades ATMs w/Advanced Bill Payment QR and NFC

Austria’s top financial Institution, Raiffeisen Bank, is beefing up the consumer experience with 1,200 new Diebold Nixdorf automated teller machines (ATMs) equipped with advanced bill payment and contactless functionalities such as quick response (QR) codes and near field communication (NFC) readers. With these technical enhancements, the Raiffeisen Group is aligning its self-service delivery channel to the…

NCR’s Omni-Channel Self-Serve 90 Kiosk Powers Australia’s SkyBus

SkyBus, operators of Melbourne’s express CBD to airport transport service, has rolled out self-serve ticketing on its Melbourne routes with NCR Corporation, the global leader in omni-channel solutions. The roll out has enabled SkyBus to offer omni-channel and round-the-clock ticketing to its 3.5 million annual customers traveling on any of its three Melbourne Airport routes:…

Global E-Commerce to Grow Double-Digits YOY by 2020

New research reveals alternative payment methods are set to replace card payments by 2020. Worldpay’s latest global overview of online payment habits, the Global Payments Report, predicts the global e-commerce market will grow 10.4% by 2020. The report, which compiled data from 30 countries, suggests China, the U.S. and the U.K. will continue leading the…

280K Australian POS Terminals Now Accept UnionPay QuickPass

China UnionPay cards are now accepted in Australia by about 30,000 ATMs and over 600,000 POS terminals, covering 90% of the ATMs and about 70% of the local merchants, and more than half of these merchants accept UnionPay mobile QuickPass. The local UnionPay payment service system for students study abroad is improving continuously. Since July,…

POS Installment Financing Now in the UK Following Romanian Pilot

Mastercard has inked a partnership with Verifone to roll out a new installment pay application at retailers across the UK. With a significant footprint of payment terminals at major retailers, Verifone will help Mastercard roll out the solution for UK cardholders. Mastercard Installments has been developed to bring a fresh payment option to the marketplace.…

Ingenico Link/2500 M-POS Aimed at Small Merchants’ Payment Needs

Ingenico has launched its new Link/2500 mobile point-of-sale device designed to address small merchants’ payment needs in mobility. Available in two versions, companion or standalone, the Link/2500 was designed to address small merchants’ payment needs in mobility. The Link/2500 enables estate owners to offer their clients (micro and small merchants) a new generation mobile solution…

Lending Tree Grows a President to Accelerate Branching Out

NC-based LendingTree has juggled two top executives. Neil Salvage, previously the company’s Chief Revenue Officer, has been promoted to the newly-created role of President, managing the day-to-day business operations. Nikul Patel, previously LendingTree’s Chief Operating Officer, will now be the company’s Chief Product and Strategy Officer, where he will lead product innovation, consumer experience and…

UQUID’s Altcoin Debit Card Captures 40+ Cryptocurrencies

Altcoin fans can now use their favorite cryptocurrencies to load a virtual VISA card, thanks to UQUID. In a world’s first, users can spend over 40 different cryptocurrencies on mobile top ups, bill payments, pharmacy and food vouchers, transportation tickets, wi-fi recharges, and PIN-less calls. UQUID’s VISA debit card is also the first in the…

Online Payment Card Holiday Fraud to Climb 12% YOY in the U.S.

ACI Worldwide says it expects a 12% growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products. ACI says following the U.S. adoption of EMV chip cards, which protects card data through encryption, fraud is shifting online as fraudsters are…