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.

New POS MPayment redy

Samsung Electronics Australia and Community Telco Australia, the Bendigo and Adelaide Bank telecommunication subsidiary, just launched their own retail POS mobile payment solution called ‘redy’. Customers can make payments using their mobile device by simply scanning a QR code in the ‘redy’ application. The app is available in Australia to anyone who uses a compatible smartphone. It can be linked to a Bendigo Bank savings account, or to any Visa or Mastercard account. No customer information or shopping data is passed onto the merchant for security purposes.

Data Risk Management

Enterprises are dedicating increasing resources to security and risk. Nevertheless, attacks are increasing in frequency and sophistication. Security and risk leaders need to fully engage with the latest technology trends if they are to define, achieve and maintain effective security and risk management programs that simultaneously enable business opportunities and manage risk.


Alliance Data Retail Systems is buying the Good Sam Visa portfolio from Barclays Bank Delaware.The transaction is scheduled to close before the end of the third quarter. ADS further signed a long-term agreement with Good Sam Enterprises, that includes the Good Sam and Camping World branded products and services. Purchases made with the Good Sam Camping World Visa Credit Card earn Rec Rewards. Good Sam is the world’s largest RV owners organization, with over 1.5 million members.

Diebold and Bellco CU

Delivering a personalized, distinctive banking experience to Bellco Credit Union, Diebold, Incorporated worked in tandem with Bellco to design the credit union’s new Stapleton Branch located in Denver. The technology-based branch enables members to conduct efficient, self-service transactions on one of three deposit automation-enabled Diebold Opteva® Branch Performance Series™ in-lobby teller terminals, all the while encouraging a more personal interaction between members and branch staff.

SafeCharge Introduces Descoping Solutions

SafeCharge International Group Limited announced that they will be introducing their unique PCI descoping solutions by sponsoring and speaking at the 9th PCI London event, the UK’s premier payment and risk summit, to be held at the Park Plaza, Victoria, London on July 1, 2014. During the conference SafeCharge will highlight PCI Descoping solutions. Praful Morar, Corporate Development and Strategy Director of SafeCharge will be presenting the topic, “The Benefits of Outsourcing PCI” at 12:10 on July 1 in the Main Plenary Hall.

Network Q1 Profits

Visa Inc. (VS), the dominant payment card network, delivers the goods (a/k/a profits) over any other payment card network, but MasterCard (MC) continues to deliver solid results as well. During the first quarter of this year (Q1/14), net income (after tax) among the world’s two top payment card networks rose 21.2% to $2468 million, according to CardData. VS Q1/14 net income rose 25.8% to $1598 million, compared to $1407 million in the prior quarter and $1270 million in the year-ago quarter.

SEQR Expansion

Seamless teams with The PCMS Group to expand in the US and UK. PCMS is a key point of sales provider for top tier retailers in the US and the UK. The Seamless mobile payment solution SEQR has since the launch in Sweden in 2012, been exported to three international markets: Romania, Finland and Belgium. Through the SEQR app, the user simply scans or taps a QR-code/NFC at check-out and approves the purchase by entering a PIN code. Seamless handles more than 3.1 billion transactions annually through 525,000 active sales outlets in 30 countries.

Fintech Innovation Lab Showcases Six Startups

Fintech Innovation LabLeading-edge mobility, data analytics and credit risk solutions were among the six technology innovations demonstrated for top financial services, venture capital and technology executives at the fourth annual FinTech Innovation Lab Demo Day in New York. The Lab is a 12-week mentoring program created by Accenture (ACN) and the Partnership Fund for New York City and supported by more than a dozen of the world’s leading financial institutions to promote financial services technology (“fintech”) innovation and high tech job growth in New York City. This year’s entrepreneurs were chosen by chief technology officers from 15 participating financial institutions. The companies included Enigma, Kasisto, LMRKTS, pymetrics, RevolutionCredit and Standard Treasury. The group has spent the last 12 weeks receiving high level mentoring, product and business development advice and exposure to senior financial industry, technology and venture capital executives. The 18 previous alumni companies have raised a total of more than $76 million in financing after participating in the program since 2010.

RewardsNOW To Provide Loyalty and Merchant Funded Rewards Program

RewardsNOW loyalty programs for financial institutions announced Data Center (DCI) has partnered to provide loyalty and merchant funded rewards program services to its financial institution clients. DCI provides core processing software and related technologies for hundreds of community banks nationwide. RewardsNOW will provide DCI’s community bank clients with a fully comprehensive, enterprise-wide loyalty program consisting of a customized program website and access to RewardsNOW’s merchant funded rewards platform, including its local merchant funded shopping program, Shop Main Street; a merchant discount coupon program; and an integrated mobile application.

Higher One Adds Currency to Payments Service

Higher One financial services and data analytics to more than 1,900 colleges and universities nationally, announces the addition of the Chinese yuan to its international payments service, which is powered by Higher One’s partnership with Western Union Business Solutions. The yuan follows the recent additions of Korean won, added earlier this year and the Indian rupee, added last year. According to Open Doors® 2013 “Fast Facts,” students using the yuan, the won and the rupee represent more than 50% of international students in the U.S. “a constituency Higher One now serves through its international payments services. Higher One and Western Union Business Solutions are providing a streamlined solution to more international students than ever and at an exchange rate that is more competitive than what traditional banks offer.