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

Happy Belly Silver

Happy Belly Curbside Kitchen serves fresh, organic and local cuisine to Atlanta-area customers from its lime-green food trucks. They have implemented the NCR Silver mobile point-of-sale to help grow its “farm to street” business. The NCR solution is iPad based for small businesses. NCR Silver tablet POS runs in the cloud, uses consumer-friendly technology, and works on Apple devices running the latest iOS. 

Cardtronics to Acquire Welch ATM $160mm

Cardtronics will acquire Welch ATM for $160 million. The combined company will support a global portfolio of 109,600 ATMs, including 92,500 conveniently located retail ATMs in the United States. The combination of Cardtronics and Welch ATM will bring together two top-performing retail ATM services providers, with complementary customer bases and sales capabilities. Cardtronics has demonstrated success placing ATMs with national chain retailers and forming ATM branding relationships with national and international financial institutions. Welch ATM has established its core strength around delivering ATM services to mid-market retailers and ATM branding to mid-tier banks and credit unions. The combined business will be positioned to accelerate revenue growth, achieve cost synergies, create additional value for its retailer and financial institution customers, and drive shareholder value. Welch ATM is a nationwide retail ATM and financial technology services provider, with more than 26,000 ATMs under its management.

Cash Frustrations

UK workers are frustrated with cash payments providing a better case for contactless payments. Although cash usage has dropped overall in the last five years and cards are widely accepted, Brits still rely on cash for smaller payments. Already 1 in 4 people in the UK already have a contactless card. There are now over 300,000 terminals accepting contactless payments in the UK.

Raphaels Bank Launches Prepaid MasterCard

Raphaels Bank Card Services has secured a significant contract with The Post Office to issue a new prepaid MasterCard – the Post Office Money Card. An alternative to the traditional bank account associated debit and credit cards, the Post Office Money Card has been designed to help consumers budget effectively as only the amount loaded to the card by the customer can be spent. The card is designed for usage within UK to pay for goods and services both online or on the high street and to withdraw cash from ATMs, wherever the MasterCard logo is displayed. Raphaels Bank will issue the Post Office Money Card Pay As You Go and Pay Monthly which can be topped up in over 11,500 branches,

Sequent Software Appoints MD, Emea

Sequent Software appointed Andrew Doyle Managing Director for EMEA.Here he will be responsible for directing and accelerating the growth and presence of Sequent’s expanding business in Europe, the Middle East and Africa. He will be based in London. Doyle has delivered consistent, significant organizational growth as well as driven sales in new markets. He comes to Sequent most recently from Oberthur Technologies, a French secure technology company that provides digital security solutions for the mobility space. As Head of Sales Solutions for Europe, Russia and CIS, Doyle was responsible for Oberthur’s strong new business growth in those markets as well as the management of internal channels through other divisions of the company.

ACI Gears Up to Acquire ReD

ACI Worldwide will acquire ReD for an all-cash purchase price of $205 million and expects the transaction to close in the middle of the third quarter, 2014. ReD is a leading ecommerce and fraud prevention company serving the payments industry. The company’s suite of solutions – ReD Shield®, ReD Fraud Xchange, ReD PRISM®, ReD Alerts, ReDi, ReD1 Gateway and LiveProcessor – helps customers drive up revenues while reducing fraud losses and increasing the efficiency of their fraud management teams. ReD serves retailers, issuers, acquirers, processors and switch networks globally. ReD has a compelling SaaS and transaction-based financial model, with over 80 percent recurring revenue.

Standard Chartered Partners ETranzact on mPayments

Standard Chartered announced that it has expanded its African coverage of Straight2Bank Wallet, the Bank’s mobile wallet service platform, by launching mobile payment services in Nigeria and adding mobile collections capabilities in Kenya. The Bank launched mobile payment services in Kenya in September 2013.In Nigeria, the Bank has partnered with eTranzact International Plc. to provide mobile payment services through its Straight2Bank Mobile Wallet. This is in line with the Central Bank of Nigeria’s (CBN’s) Financial Inclusion strategy to the unbanked and semi-banked population.The new mobile payment service enables clients such as development organisations, international organisations, non-bank financial institutions, agricultural companies and fast-moving consumer goods (FMCG) companies to make payments to both banked and unbanked individuals such as aid workers, trainers, policy holders, farmers and other beneficiaries.

ShopKeep Enhances POS Software with Custom Email Receipts

ShopKeep announced Custom Email Receipts , a significant enhancement to its point-of-sale solution that hits the market just one week after a range of other upgrades targeted at bars and restaurants. Customized Email Receipts’ key capabilities include better branding, social media, allows users to collect feedback and use big data to boost profitability, special offers and an entirely ‘owned’ database: Enjoy complete ownership and access to your mailing list at all times.Unlike other point-of-sale providers, all customer information, including email addresses, collected through the ShopKeep POS belongs to the business owner. Other vendors claim that data as their own and sell it.