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

Standard Chartered Partners Advanced mPAY, Expands Market

Standard Chartered Bank Thailand has announced a partnership with Advanced mPAY Co.Ltd. to expand its Straight2Bank Wallet platform to corporate clients and to enable the Bank’s corporate clients to effortlessly collect payments, fees or contributions from mPay wallet users or via mPAYSTATIONs through a real-time connectivity. Straight2Bank Wallet will significantly lower operating costs and risks associated with managing cash, shorten the debt collection period and ultimately help to boost efficiency in working capital management for Standard Chartered’s corporate clients. A payments feature, which will allow the Bank’s corporate clients to directly make electronic payments to individuals’ mobile wallets, is slated to be integrated in the near future.

MoneyGram Foundation Donates Three Mobile Science Labs

MoneyGram International celebrated a grant to the Agastya International Foundation through the MoneyGram Foundation at an event at Raje Shivaji School in Dharavi, Mumbai. Agastya International Foundation’s mission of “a creative India” is achieved by sparking creativity among millions of disadvantaged children and their teachers. The Mobile Science Labs aid in making learning fun and awakening intellectual curiosity. Each lab funded by the MoneyGram Foundation will travel to 30 schools in the states of Uttar Pradesh, Maharashtra and Bihar, teaching children using hands-on science models in physics, chemistry, biology and mathematics. The MoneyGram Foundation, launched in 2012, was established with the mission to help children around the world gain access to educational facilities and learning resources.

WorldRemit introduces instant bank deposit service

WorldRemit online money transfer service now offers instant bank deposits to BDO (Banco de Oro) and Metrobank accounts. The new service means that funds sent via WorldRemit to customers of either bank will be available immediately. WorldRemit’s business model is focused on offering a more efficient, affordable and transparent alternative to traditional money transfer operators. Several additional receiving options include cash pickup, home delivery, payments to mobile wallets and airtime top-up. An estimated US$25bn was sent to the Philippines in the form of remittances in 2013, according to research by the World Bank. The figure has grown 250% since 2003 when migrants sent around US$10bn to the country.

Network Q1 Assets

MasterCard’s (MC) asset base is now growing slightly more than four times faster than Visa (VS). During the first quarter of this year (Q1/14), publicly declared assets among the world’s two top payment card networks rose 11.1% to $52.1 billion, according to CardData. VS Q1/14 assets increased 6.3% to $37.3 billion, compared to $36.2 billion in the prior quarter and $35.1 billion in the year-ago quarter. VS figures do not include Visa Europe.

Diebold Expands Euronet Worldwide’s ATM Network

Delivering greater self-service convenience to consumers, Diebold, Incorporated is adding 700 new Opteva® automated teller machines (ATMs) to Euronet Worldwide’s extensive fleet across Europe. The agreement includes Opteva cash dispensers with full cash recycling capabilities. Diebold will also provide three years of maintenance and deliver ATM channel management services to enhance the security, compliance and uptime of Euronet’s new terminals.

SEQR + SEPA

Gaining more traction Seamless’ SEQR this month will begin routing payments exclusively through SEPA. The SEQR implementation at McDonald’s in Belgium this month will be the first market where Seamless will utilize the SEPA (Single Euro Payments Area) payment infrastructure. This will enable consumers to connect SEQR to their bank account for debit payments, regardless of which bank they hold an account.

Hua Xia Bank selects NCR APTRA

NCR Corporation today announced that it has signed a software professional service agreement with Hua Xia Bank to transform its banking services with NCR’s latest multi-vendor software application, NCR APTRA Activate. The software will run on the bank’s entire fleet of multi-vendor ATMs, self-service kiosks for card issuance and account enquiry kiosks nationwide. NCR will provide implementation maintenance for the new platform, which is expected to begin this fall.

Higher One Adds Chinese Currency

Higher One 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.

VS + MC INTL CC PDV

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] International (excluding the USA) Purchase Dollar Volume (PDV) for Visa (VS) and MasterCard (MC) credit cards rose 7.4% year-on-year (Y/Y) in the first quarter (Q1/14). MC’s growth in Q1/14 international credit cards PDV growth outpaced VS by 280 basis points (bps), according to CardData. During Q1/14 VS and MC produced $799…

Mocapay Hires Director, Business Development

Mocapay has hired Chris Munz as director of business development to lead Mocapay’s strategic partnerships and growth. A digital marketing technology expert who has implemented strategies for top-tier companies across various industries for more than a decade, Chris will focus on building strategic partnerships and alliances for Mocapay. Prior to joining the Mocapay team, Chris was a director of sales communication/sales engineer at Fishbowl, Inc. in Alexandria, VA. While at Fishbowl Inc. Chris was also the director of sales and marketing at Quotient Marketing, a company that was acquired by Fishbowl in 2007.