Robert McKinley, Senior Analyst/Editor Robert McKinley, with 33 years experience covering payment cards and payment systems, is Senior Analyst/Editor for CardFlash and other payments-related publications. He is the retired founder and chief executive of RAM Research, CardWeb and CardTrak. McKinley served as an expert witness in 100+ litigations including two multi-$billion trials, testified before the U.S. Congress, chaired multiple payments conferences, hired as consultant by Fortune 100 companies and several overseas financial institutions. Full Bio:

Conference Board LEI Up 3rd Consecutive Month by .4%

The Conference Board Leading Economic Index® (LEI) was up 0.4% in April to 101.4 after a 1.0% increase in March and 0.5% increase in February. The LEI was up for the third consecutive month thanks in great part to housing and the financial market. The overall trend in the leading economic index suggests consumers will continue to spend and the economy is projected to expand.

Mobile Money UAE

Abu Dhabi-based First Gulf Bank has partnered with UK-based Monitise to launch new mobile banking services to consumers in the Middle East. First Gulf Bank has been a pioneer in digital banking and is convinced the future lies in mobile. Roughly 28 million consumers benefit from Montise’s patented technology to ‘bank anywhere’, ‘pay anyone’ and ‘buy anything’, accounting for $71 billion of payments, purchases and transfers annually among 3.4 billion mobile transactions.

McDonald’s Launches Quick Mac

McDonald’s Austria goes with the launch of the order-app “Quick Mac” in terms of service one step further. Order, pay, pick up: Immediately get there in just three quick steps by means of smartphone to the McDonald’s products. After selection of food in the App Payments are made ​​via paybox, PayPal or credit card. A short time later, the order over the desired restaurant is served in a specially marked area on the counter or in McDrive.

Capital One Bank Names Treasury Management Head

Capital One Bank announced the appointment of Jim Gifas as Senior Vice President and Head of Treasury Management’s Product Management & Innovation Group. Gifas will lead all aspects of product management and development functions, including industry and segment strategies. Prior to joining Capital One Bank, Gifas served as Head of Treasury Solutions for RBS Citizens Bank, where he drove value for corporate clients through cash management, credit card, trade finance, and foreign exchange payment solutions. Gifas is an active member of the Payco Board of Directors for The Clearing House and the Corporate Executive Board for the Treasury Management Executive Circle. He has recently spoken at the 2013 Mobey Forum and the 2012 McKinsey & Co. Cash Management Forum on the topics of corporate mobile banking and improving the customer experience, respectively. He holds a Bachelor of Business Administration from Iona College.

Cardlytics a Georgia Fast 40 Company

Cardlytics Card-Linked Marketing has been honored as one of the Georgia Fast 40. The Georgia Fast 40 was founded in 2008 to honor companies headquartered in the state of Georgia that are achieving sustained growth over a three-year period. This year saw the largest pool of applicants in the history of the event, with over 100 companies submitting applications, which makes this recognition even more rewarding for Cardlytics.The Georgia Fast 40 recognition event will be held on June 19, 2014 at the Intercontinental Hotel in Atlanta.

Dime Savings Bank of Williamsburgh Announces Mobile App

The Dime Savings Bank of Williamsburgh announced the launch of its new mobile banking product, Dime Mobile Banking, which allows users to pay bills, transfer funds, and check on account status from the convenience of their smartphone.
In addition, the mobile deposit capability allows users to photograph their checks and then transmit the deposit to the bank through their mobile device. The free Dime Mobile Banking apps are now available at the Apple App Store and Google Play Store. For more details, please visit our website, Dime will move into a full-scale branch rollout and market promotion. Featuring the headline “Say ‘Hello’ to your money,” branch promotional material and signage will make a colorful splash, announcing the arrival of Dime Mobile Banking. Dime Mobile Banking is a continuation of the Bank’s strategy to extend Dime’s eBanking platform to include online banking, mobile banking, bill pay and remote deposit, and to increase remote access usage with existing customers.

POS Facial Recognition Now Available for Fraud Prevention

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Logic PD engineers and designers addressed this real world challenge and uncovered new insights on how the Internet of Things (IoT) technology can help improve people’s lives during the Logic PD ACME-thon held in late April. The solution, a multi-modal security platform for card purchases, uses NFC authentication combined with camera…