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

Another Credit Union Deploys NCR Interactive Video ATMs

American Eagle Credit Union is the first credit union in Missouri to deploy NCR’s new interactive, remote video technology to deliver personal teller services to its members. This offers members live video interaction. The NCR Interactive Teller lets the credit union offer members the benefits of the personal service experience of a branch via a drive-up unit. Interactive Teller acts as a “virtual teller window”, giving members the ability to make transactions as they would inside the branch such as withdrawals, deposits and payments, transfers, and check cashing. The new technology will lower processing costs and provide faster transactions. One service representative can attend to as many four machines at multiple branch locations, enabling the employees at those locations to focus on in-branch member connections.

Visa joins Fido Alliance

The FIDO Alliance, an industry consortium revolutionizing online authentication with standards for strong authentication, announced that Visa, the global payments technology company, has joined. With this, Visa been appointed to the Board of Directors. Also, Visa Europe will join the alliance as a sponsor member and will be represented on the board by Visa Inc. FIDO Alliance members commit to share technology and collaborate to deliver open specifications for universal strong authentication that enables FIDO-compliant authentication methods to be interoperable, more secure and private, and easier-to-use. FIDO specifications will support a full range of authentication technologies, including biometrics such as fingerprint, eye and iris scanners, voice and facial recognition, as well as further enabling existing solutions and communications standards, such as Trusted Platform Modules (TPM), USB Security Tokens, embedded Secure Elements (eSE), Smart Cards, Bluetooth Low Energy (BLE), and NFC.

FIS Wins Category at World Finance Awards

FIS banking and payments technology won “Best Mobile Banking Technology” at the 2014 World Finance Technology Awards.The World Finance Technology Awards, produced by international financial magazine World Finance, were created to celebrate “achievement, innovation and brilliance” in technological advancements. Nominations are based on reader insight, and are judged by a panel with more than 230 years of financial and business journalism experience. In addition, each award winner is carefully reviewed by a research team to make sure its work is of the highest caliber. This is the fourth major award FIS’ mobile business has received in the last six months, including: 2014 Frost & Sullivan Customer Value Enhancement Award for FIS Mobile Wallet, 2013 Best in Class Mobile Banking Vendor Overall by Javelin Strategy & Research No. 1 in Top 3 Mobile Banking Vendor Standards and Customized Solutions and No. 1 in Top 3 Mobile Banking Standard Solutions by Javelin Strategy & Research.

CyberArk Simplifies PCI DSS 3.0 Compliance

CyberArk has released a new white paper demonstrating how retailers can comply with the latest PCI DSS regulations, Securing Privileged Accounts: Meeting the Payment Card Industry Data Security Standard 3.0. The paper outlines how organizations can navigate increasingly stringent compliance regulations by locking down the most targeted attack vector – privileged accounts. Securing privileged accounts is not only one of the most important aspects of protecting cardholder data, it is critical to maintaining control over the IT infrastructure itself. The newly released regulations outlined in version 3.0 underscore the importance of shared responsibility when working with third-parties and requires all entities to align with its regulations by December 31, 2014. CyberArk provides a comprehensive approach to help organizations comply with PCI DSS and protect cardholder data. With CyberArk, organizations can implement effective security to:

Nordea enlists iZettle for mPOS foray

Nordea has selected iZettle to be its provider of mobile point of sale (mPOS) solutions in Sweden, Norway, Denmark and Finland. Under the cooperation agreement Nordea will promote iZettle mPOS solutions to the bank’s small business customers on its website nordea.com and in its 800 branch offices throughout the Nordic region. iZettle started in 2011 offering an easy way to take card payments. Now small businesses also come to iZettle for tools to grow their business: from a complete point of sale solution, to free sales overview tools like reports and graphs to spot sales opportunities and identify loyal customers.

InComm Mobile Platform Launched

InComm today announced the launch of InComm Mobile Platform (IMP) for mobile wallet providers and merchants. IMP integrates with multiple platforms to provide a full-breadth of capabilities required to process mobile payments made using prepaid cards at retail POS. The platform also enables InComm to develop and host mobile applications for merchants and partners. Canadian communications and media company Rogers is the first company to leverage IMP for development of the recently launched suretap™ wallet.

Raymond James Deploys Signature from Fiserv

Raymond James Bank has chosen Fiserv for an enterprise-wide banking solution. Centered on the Signature® bank platform, the total Fiserv solution set for Raymond James Bank includes Aperio™ for business process management, Nautilus® for enterprise content management, Prologue™ for financial management, Corillian® Online for online banking, CheckFree® RXP® for bill payment, and solutions for debit, ATM and item processing. Signature is a complete, real-time, SOA-based solution that delivers customization, system integration and business process improvement to traditional and nontraditional financial institutions around the world. Highly scalable in mid-to-large size institutions in 45 countries and 21 languages, Signature provides a flexible, cost-effective solution for account processing.

US Dataworks Appoints CEO, Chairman

US Dataworks payment processing appointed John Penrod as our new CEO and Chairman of the Board. The key metrics that we follow are growth in monthly transaction and recurring revenue, particularly in the cloud, average price per transaction and operating income. Our monthly recurring revenue for fiscal 2014 experienced double-digit growth over the prior fiscal year. Our average price per transaction for calendar year 2014 has more than doubled when compared to calendar 2013, as our customers benefit from the added value of NextGen Receivables, and our operating income is positive. As a non-reporting public company, we continue to perform annual independent audits for the twelve months ending March 31st.

i2c Global Commerce Launches Digital Gifting App

i2c announced that Jifiti- allowing consumers to turn physical goods into digital gifts- is using its platform for open-loop prepaid processing.Jifiti was created to make gift giving more thoughtful, flexible and convenient. The app allows a user to select an item in the app or in-store by scanning a bar code and send it digitally as a gift to any recipient via e-mail, text or Facebook. The recipient can select their ideal size and color or choose an entirely different item to redeem. Users can also add products to a wish list which others can purchase for them individually or by chipping in as a group.

Heartland Payment Systems Unveils New Brand Identity

Heartland Payment Systems has unveiled a new brand identity. The new branding initiative better reflects Heartland’s dramatic evolution from a small debit and credit card processor to a leading national business solutions provider serving a range of industries from retail to restaurant, parking to petroleum, to higher education, lodging and hospitality. The key to Heartland’s continued success is its unwavering commitment to building long-term customer relationships based on a commitment to trust and transparency. The company’s Merchant Bill of Rights sets the industry standard for public advocacy of business owners for fair credit and debit card processing practices. This commitment to customers, coupled with Heartland’s continued investment in developing and bringing solid solutions and innovation to market, is at the heart of the company’s business philosophy and brand.