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

Optimal Payments Signs Up for Latest Sponsorship

Optimal Payments has become the official sponsor of Crystal Palace Football Club for the 2014-15 and 2015-16 seasons. Optimal Payments will use the platform to raise the global awareness of its award-winning NETELLER service and Net+® Card stored-value offering which will be displayed on the front of the team’s shirts from the start of the 2014/15 English Premier League season. NETELLER will be the First Premier League sponsor within the online payments space and will provide the brand the right synergy to achieve NETELLER’S marketing and commercial objectives quickly and cost effectively. Specifically, it will support customer and merchant objectives delivering rapid multi-market brand awareness, big brand credibility and driving sign up and conversion rates in NETELLER’s key growth markets – including Asia; Africa and the America’s.

Zapp mPayment Reaches Next Round of Network Payment Partners

Zapp mobile payment announced it’s next round of network payment partners that are committing to support Zapp’s rollout into the market. Secure Trading, TrustPay Global and Checkout.com – some of the most innovative payment service providers – will all work to support Zapp and it’s innovative, low friction, secure and mobile enabled checkout.Getting more customers through the checkout process securely is crucial to retail success. Research has shown that there are billions of abandoned check outs in the UK and the payment landscape is becoming increasingly confusing. Zapp will allow people to make real-time payments from their mobile, unlocking the money in their current account in a much simpler and more secure way.

Reintroduced EFT

DebitWay.ca has reintroduced its long standing online payment option; Electronic Funds Transfer (EFT) to merchants. EFT is not a novel payment solution, nor is it new to the DebitWay family. DebitWay continues to be one of the leading Payment Service Providers in the world, as well as a Certified Payment Provider of INTERAC® Online Payment (IOP) solution in Canada.

Debit Breach Impact

A new study from Discover’s PULSE found that 84% of financial institutions reissued all exposed cards in response to the Target breach, compared to only 29% that typically reissue all exposed cards as a standard response to breaches. Overall, 14% of all debit cards were exposed in data breaches in 2013, compared to 5% in 2012. PULSE says 86% of financial institutions stated that they plan to begin issuing EMV debit cards in early 2015.

Stripe Alipay

Stripe customers will soon be able add an Alipay option to their checkout. Stripe says it is building a universal platform for internet commerce; in order to enable China’s 1.3 billion people to buy from Stripe businesses, the company decided to add support for Alipay. With Stripe, Alipay users will simply enter their email address and a six-digit SMS code in Checkout. It works on either desktop or mobile. Stripe now processes billions of dollars a year for thousands of businesses

Net Element Obtains $10 Million Credit

Net Element, Inc., a technology-driven group specializing in mobile payments and value-added transactional services in emerging countries and in the United States, is pleased to announce that the Company completed the closing of a $10 Million credit facility from the payments industry-leading lender, RBL Capital Group, LLC. This closing represents the second funding in the $30 million financing round that was announced by the Company on April 22, 2014.

MC CANADA Q1

MasterCard’s (MC) Canada region Purchase Dollar Volume (PDV) rose year-on-year (Y/Y) by 9.0% on a local currency basis in the first quarter (Q1/14) to US$27 billion. The average purchase ticket in MC Canada region has declined 9.5% Y/Y. One-year ago it stood at US$88.82, compared to US$85.11 in Q4/13 and US$80.36 in Q1/14, according to CardData. MC’ Cash Dollar Volume (CDV) was down sharply by 9.7% on a local currency basis in Q1/14 to US$2 billion. MC has 56 million cards-in-force (CIF) currently in the Canada region, compared to 50 million in Q1/13, about the same as Visa.

SBI & Accenture

State Bank of India (SBI), the nation’s largest bank, has launched six digital branches across the country, as part of a pioneering program to offer next generation banking solutions to India’s growing mobile phone and internet-savvy customer base. SBI aims to transform the customer experience by delivering world-class service through all of its customer channels. Accenture is a global management consulting, technology services and outsourcing company, with more than 293,000 people serving clients in more than 120 countries.

BitPay Partners With Newegg

Newegg announced a partnership with BitPay to accept bitcoin payments on Newegg.com (#NeweggBitcoin). The company’s more than 25 million registered customers can now pay for more than 10.5 million products including electronics, computers, game consoles and household items using bitcoin through BitPay. Newegg’s acceptance of bitcoin payments adds yet another convenient and secure way for its customers to fulfill their e-shopping needs.

CyberSource Q1

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Billable transactions for Visa’s payment management company, CyberSource, grew 16% year-on-year (Y/Y) in the first quarter (Q1/14) to 1.85 billion, according to CardData. While the growth rate is solid, it has been edging down sequentially since peaking at 27% in the second quarter (Q2/13) of last year. Over 400,000 businesses worldwide…