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.

Bitcoin Bazaar App Facilitates Virtual Currency Trading

Bay Coins released its Bitcoin Bazaar Local mobile marketplace app for buying and selling bitcoins. Now available for iOS and Android devices on the iTunes App Store and Google Play, the app actually matches buyers and sellers. Bitcoin Bazaar is the easiest way to acquire Bitcoin, the leading crypto-currency, while still protecting users’ privacy. The app lets users find buyers and sellers in their neighborhood, using location services from their mobile phone, and lets buyers and sellers transact using cash without needing to enter bank or financial information into the app. All financial transactions are handled between the parties, so Bitcoin Bazaar does not handle any fiat currency, making it different from other exchanges and services.

Tuxedo & Just Say Please Launch eCard

Tuxedo Money Solutions payment technology and prepaid card provider partnered with Just Say Please to deliver a new offering to its customers. Just Say Please commissioned Tuxedo to build a bespoke virtual prepaid money card, providing customers with an instant online gifting solution. The new offering, Giftsplease, allows customers to load money onto the card online and send to a recipient with a personalised message: unlike traditional cards it can be spent at any online retailer. Tuxedo launched its first prepaid product in 2007 across the UK. Following strategic investment in educating both consumer and business audiences of the advantages of prepaid solutions, the business has gone on to build a client portfolio of more than 800 corporations and agencies.

WorldRemit Announces Market Expansion

WorldRemit announced its launch across seven countries in Central & Eastern Europe. Customers in Bulgaria, the Czech Republic, Hungary, Latvia, Lithuania, Poland and Romania will now be able to able to send money to friends and family in more than 100 countries. The addition of seven CEE countries is WorldRemit’s single biggest expansion since receiving a $40 million investment from Accel Partners in March 2014. The Series A funding round was one of the largest ever in Europe, placing WorldRemit at the forefront of the burgeoning Financial Tech (FinTech) sector. WorldRemit customers in CEE will be able to send money to the Americas, Africa, Asia and Europe from anywhere at any time using a computer, smartphone or tablet. Payment is made using a credit or debit card.

GCB Bank Deploys GoSwiff mCommerce

GoSwiff mobile commerce and marketing services connected its 50th bank client, GCB Bank, to leverage mPOS on goSwiff mobile commerce platform. goSwiff unveils a new strategy to expand its mobile payment offering to mobile commerce platform and marketing & engagement services for financial institutions, mobile network operators (MNOs) and merchants. goSwiff believes that providing only technology is not enough in the highly competed mobile payment market, continuously growing with the smartphone and tablet penetration increase. Marketing and consumer centric approach will make a difference for banks and MNOs to gain their share of the evolving business, estimated to grow to 38M mPOS terminal adoption by 2017.

FleetCor to Acquire Comdata

FleetCor Technologies fuel cards and workforce payment products has signed a definitive agreement to acquire Comdata from Ceridian for $3.45 billion. Concurrent with the closing of the acquisition, a representative from THL will be appointed to the FleetCor board of directors.Comdata provides fleet, virtual card, and gift card solutions to over 20,000 customers and has approximately 1,300 employees to facilitate over $54 billion in payments annually. Cash payments will be used to pay off Comdata’s outstanding indebtedness.

Simplify Commerce

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard (NYSE: MA) and Group, Inc. (Nasdaq: WWWW), a leading provider of Internet services and online marketing solutions for small businesses, today announced an agreement to feature Simplify Commerce™ as the preferred payment provider for all of’s brands and platforms. serves more than 3.2 million small business customers…

VeriFone Partners Gilbarco Veeder-Root

VeriFone Systems is partnering Gilbarco to offer next generation forecourt payment solutions and to create the largest at-pump interactive digital media network worldwide. The two companies will collaborate on future fuel dispenser payment platforms to be developed and supplied by VeriFone. The solutions will meet convenience and fuel retailers’ functionality and regulatory needs in an increasingly complex payment ecosystem, as well as offer at-pump media advertising and entertainment.Gilbarco will become the software and solutions integration lead and sales and service provider for forecourt payment systems developed under the partnership. The companies will work together to transition the payment electronics in Gilbarco’s global dispenser product lines to VeriFone technology.

Jack Henry Posts Income Up 14% Y/Y

Jack Henry & Associates announced fiscal FY/14 revenue up 7% from the year ago figure to $1,210.1 million and gross profit increased 9% to $518.6 million. Net income rose 14% compared to the prior fiscal year to $201.1 million. The company generated total revenue of $310.9 million compared to $298.1 million in the same quarter a year ago. Gross profit increased to $132.6 million from $124.2 million in the fourth quarter of last fiscal year. Net income in the current quarter was $50.6 million, or $0.60 per diluted share, compared to $47.7 million, or $0.55 per diluted share in the same quarter a year ago. Total revenue of $1,210.1 million was generated compared to $1,129.4 million in fiscal 2013. Gross profit increased to $518.6 million compared to $477.0 million during last fiscal year. Net income for the current year was $201.1 million, or $2.36 per diluted share, compared to $176.6 million, or $2.04 per diluted share for the prior year.

License revenue for the fourth quarter increased to $13.1 million, or 4% of fourth quarter total revenue, from $12.1 million, or 4% of fourth quarter total revenue a year ago. All components of support and service revenue grew in the quarter compared to the prior year and increased 5% to $283.6 million, or 91% of total revenue in the fourth quarter of fiscal 2014 from $269.9 million, or 91% of total revenue for the same period a year ago. Hardware sales in the fourth quarter of fiscal 2014 decreased 12% to $14.2 million, from $16.2 million in the fourth quarter of last fiscal ye quarter of fiscal 2014 decreased 12% to $14.2 million, from $16.2 million in the fourth quarter of last fiscal year. Hardware revenue was 5% of total revenue in both periods.

Virtual Gift Card

Moneris Solutions Corporation today announced the addition of its Virtual Gift Card solution. The Moneris Virtual Gift Card solution works seamlessly from the merchant and customer perspectives. When a buyer purchases a Virtual Gift Card and personalizes the order, the Virtual Gift Card order, gift card activation and payment are all processed through Moneris and its flexible interfaces.

Atmia Publishes ATM Accessibility Recommendations

Atmia has published new international industry recommendations for maximizing the ATM user interface (UI) for about 2.4 million ATMs worldwide. Focused on recommendations regarding the accessibility, speed, operability, and security of ATMs, the manual shows how new interface technologies, such as tactile and multi-touch capabilities, biometrics and HTML 5, allow concepts usually applicable to mobile devices and tablets to be extended to ATM UIs. ATMIA has based the comprehensive set of new recommendations on inputs from deployers, software and hardware manufacturers, technical experts, processors, researchers and card issuers.