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

BNY Mellon Now Chaps Clearing Direct Participant

CHAPS Clearing Company announced BNY Mellon has joined CHAPS as a Direct Participant. BNY Mellon is a global investments company which provides financial services for institutions, corporations or individual investors. As of March 31st 2014, BNY Mellon had $27.9 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon is an established provider in the UK and contributes substantially to the CHAPS daily value flows. BNY Mellon has joined CHAPS as a result of the introduction of tiering criteria by CHAPS and the Bank of England. This dovetails with BNY Mellon’s strategic aims to expand their global payment capabilities to better support their clients’ needs as the global payments landscape continues to evolve.

mopay Embarks on Indian Carrier Billing Market

mopay announced its entry into the Indian market with an HTML5 in-app billing solution. The company brings its latest technology to the Indian market where staggering growth rates indicate that the number of Internet-enabled mobile devices will have exceeded the US by the end of 2014. mopay is launching the HTML5-for-mobile version of its award -winning direct carrier billing platform on all large Indian carriers to give its subscribers of mobile Internet devices the same frictionless payment experience as in Europe and the United States. Indian carriers, such as Airtel, Vodafone and Reliance, have recently invested billions in US dollars to upgrade their network infrastructure and allow users in mainly urban areas to use mobile Internet services.

Cathay United Bank Delivers Personalized NCR ATM Transactions

NCR Corporation announced that Cathay United Bank (“CUB”) has become the first bank in Taiwan to provide personalized automated teller machine (“ATM”) transactions by using NCR APTRA Connections software. CUB is the fourth largest ATM deployer in Taiwan with more than 1,900 ATMs. APTRA Connections is now running on about 180 units of NCR SelfServ ATMs and 120 units from another vendor. Most of these ATMs are installed at busy locations. CUB is also planning to extend the new features to its entire ATM network gradually. APTRA Connections enables CUB to recognize their customers and display personalized greeting message. CUB customers can customize their ATM menu by pre-selecting favorite transaction options that include their usual cash withdrawal amount, bill payment and bank transfers, resulting in fewer screens to navigate and save time – as much as 33 percent faster than a typical transaction.

Finansbank Deploys NCR Hardware and Software

Finansbank has chosen NCR solutions to provide an improved and more convenient banking experience for consumers and small business in Turkey. With 673 branches across the region, Finansbank is the bank of choice for small businesses when they deposit takings at the end of day and specifically chose NCR SelfServ 34 and 32 ATMs for their deposit and cash re-cycling capabilities. Finansbank has also selected NCR to service and maintain its ATM network for the next 10 years and is developing ATM applications based on the open NCR APTRA™ XFS software interface. The cash re-cycling features of these ATMs will help Finansbank reduce costs by decreasing the number cash deliveries required at branches and the time spent on cash replenishment by branch staff. NCR APTRA software uses a Windows®-based XFS interface, facilitating an open software environment and making it vendor independent.

GoDaddy Facilitates Payment & Remittance

GoDaddy announced Suvidhaa, a Suvidhaa Infoserve Pvt. Ltd. (SIPL) franchise, has purchased Suvidhaa.com as a key part of its global expansion. The payment company allows customers to pay cash for necessary bills and services such as travel, utilities and entertainment at convenient locations including grocery stores, pharmacies and cyber cafes. More than 18 million customers have used Suvidhaa to pay bills at these locations often without even realizing it was Suvidhaa that made it possible. The company’s objective is to empower consumers to pay bills and manage transactions online. With its well-established market presence in India, the top-level domain Suvidhaa.com and GoDaddy’s commitment to quick and collaborative customer care is helping to facilitate the company’s international expansion. After experiencing GoDaddy’s remarkable support, customer care and efficient premium domain purchasing process, SIPL has registered 80 other domains with GoDaddy.

MasterCard Acquires ElectraCard Services

MasterCard has entered into an agreement with Opus Software Solutions Pvt Ltd to acquire its subsidiary, ElectraCard Services Pvt Ltd (ECS), a provider of software solutions and processing services for electronic payment and card systems. This transaction is anticipated to close in the second quarter of 2014. MasterCard previously had a minority investment in ECS. ECS is a leading provider of software products and processing services for electronic payments. Its customer base includes financial institutions, retailers and telecom companies in over 25 countries globally. Its products enable customers to issue and manage all types of payment cards and electronically process card transactions across multiple channels such as ATM, POS, Internet and mobile.

Heartland Secure Guarantees Ultimate Credit/Debit Card Data Security

Heartland Payment Systems is introducing Heartland Secure comprehensive credit/debit card data security solution. Featuring a breach warranty, this innovative solution is designed to provide merchants with protection against POS intrusions, crimeware, miscellaneous errors, insider misuse and other common sources of card-present data fraud by eliminating the opportunity for criminals to monetize card data. Heartland Secure combines EMV electronic chip card technology, its E3 end-to-end encryption technology, and Tokenization technology. Based on data provided by the Open Security Foundation and RiskBased Security, the Online Trust Alliance’s (OTA) 2014 Data Protection and Breach Readiness Guide2 states that more than 823 million records were exposed in 2013, including credit card numbers, email addresses, log in credentials, social security numbers and other related personal information. OTA estimates that 37 percent of these breaches were the result of actual hacks, and another 31 percent were due to lack of internal controls, which enabled accidental or malicious events.

Allied Wallet Recognized by Fortune and CNN

Allied Wallet online credit card processing was awarded a top 10 position on Fortune.com and Money.CNN.com as one of the Best Workplaces for Millennials in the world. Allied Wallet was reviewed and surveyed by Great Place to Work, the global authority on high-performance workplace cultures, and awarded the #3 spot on the Best Workplaces for Millennials list for their ability to promote a productive and rewarding work environment. The companies on the Best Workplaces List were notable for their practices that make young employees feel comfortable and excited about work through meaningful and ethical business practices and generous compensation and benefits. Allied Wallet provides this type of high-trust, positive environment for their team, rewarding employees with vacations, new cars, special events, catered lunches, and amazing benefits and packages that promote their well-being as well as growth in their trade or skill-set.

ChannelAdvisor CEO to Present at IRCE Focus

ChannelAdvisor cloud-based e-commerce solutions that enable retailers and manufacturers to increase global sales, today announced that CEO Scot Wingo will present at the upcoming IRCE Focus: Brands & B2B conference taking place May 18-20, 2014, at the Jacob K. Javits Center in New York. Wingo will co-present a session titled “Amazon: Friend or Foe?” on Tuesday, May 20, at 12:45 p.m. EDT. The session will focus on the numerous opportunities for brands to successfully sell through Amazon. IRCE Focus: Brands & B2B will offer successful strategies for B2C, B2B and everything in between. Noteworthy speakers will come together to share their expertise and insights into what’s happening in the world of B2B and B2C e-commerce. This knowledgeable group will discuss strategies for brands, manufacturers, wholesalers and more to effectively manage direct-to-consumer relationships, channel complexity and digital marketing for brands.

TrustCommerce Among First Validated as PCI DSS 3.0 Compliant

TrustCommerce Point-to-Point Encryption (P2PE) payment solutions announced it is one of the first to achieve PCI DSS 3.0 validation. A Level 1 Service Provider, TrustCommerce deployed PCI DSS version 3.0 as the third major update to the PCI DSS. Reporting guidelines were made available in February 2014; however, existing PCI DSS 2.0 compliant vendors have until January 1, 2015 to move to the new standard. The changes continue to raise the level of best practices that govern the industry. The PCI DSS provides technical and operational requirements, standards, and guidelines for all entities that process, store, or transmit cardholder data, including issuers, providers, acquirers, merchants, and service providers. PCI DSS version 3.0 is intended to place even more emphasis on payment data security.

Epson Announces Latest POS Solutions Client

At the National Restaurant Association Show (NRA) , Epson America POS solutions and Lavu iPad POS for restaurants announced their partnership for more flexible iPad POS solutions to restaurant operators of all sizes. Lavu is the first Epson partner to adopt the Epson OmniLink™ i-Series all-in-one smart solution for receipt printing and peripheral device management for its iPad POS. Lavu will also leverage Epson’s market-leading TM-T88V and TM-U220B printers for receipt and kitchen printing. The two global market leaders are working together to deliver a cutting-edge solution that offers restaurant operators a trusted and innovative migration path to tablet POS. Epson’s OmniLink will serve as the peripheral device hub for the Lavu iPad POS platform enabling seamless and reliable connection and management of required POS peripherals, including credit card readers, barcode scanners, scales, and customer displays.