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

Payment Alliance International an ATMIA Global Sponsor

Payment Alliance International ATM and electronic payment processing announced global sponsorship of the ATM Industry Association (ATMIA). ATMIA is an independent, non-profit trade association whose mission is to promote ATM convenience, growth and usage worldwide; protect the ATM industry’s assets, interests, good name and public trust; and to provide education, best practices, political voice and networking opportunities for member organizations. PAI is one of the largest ATM deployers in North America with more than 65,000 locations in the PAI Alliance Network. Uniquely positioned in the payments marketplace, PAI offers custom ATM programs and services for retailers and financial institutions including ATM cash management and branding solutions, as well as a variety of electronic payment options.

i2c Experiencing Accelerated Worldwide Growth in Fiscal Year 2014

i2c, Inc., a provider of payment processing and emerging commerce solutions, announced that it is continuing to experience strong worldwide sales momentum in Fiscal Year (FY) 2014, which ends June 30. i2c is also seeing substantial growth from its existing client base, as both prepaid platform transactions and total accounts supported are up more than 50% from a year ago. The i2c platform’s ability to monetize customer relationships and build loyalty is resonating with organizations in all regions of the globe. The diversity of specific program solutions being implemented is a result of the flexibility inherent in i2c’s next-generation processing platform. Programs implemented or in development include general purpose reloadable (GPR) programs in Japan, a mobile wallet companion card in South Africa, a digital gifting app in the United States, debit card programs in Latin America and various prepaid programs in China, Australasia and the Middle East. A full spectrum of prepaid programs, including GPR, payroll, incentives, gift, travel, loyalty and remittance solutions, have been rolled out by i2c during the fiscal year.

U.S. ROA 2013

Discover and American Express retain the overwhelming lead for return on assets (ROA) among the nation’s top credit card portfolios, according to CardData. During the first quarter, the American Express ROA rose more than 10 basis points to 6.83%. The ROA for Chase, Citibank and Capital One hovered in the 4% to 5% range last year. For 2013, Discover posted a 6.8% ROA and American Express a 6.7% ROA. Discover will be releasing its first quarter report next week. Capital One’s U.S. ROA for 2013 was 4.4%. The Chase U.S. ROA was 4.3%. Citibank’s U.S. ROA was 3.9%.

Fiserv Enhances US Bank’s P2P

Fiserv, Inc. today announced that U.S. Bank has enhanced its existing person-to-person (P2P) payment service with an Instant Payment option, as well as the ability to request money and send personalized digital greeting cards along with payments. These new features are available via U.S. Bank online and mobile banking, giving U.S. Bank customers more ways to send, request or receive money using another person’s name and account number, email address or mobile phone number. U.S. Bank is the first large bank in the country to offer real-time P2P payments online and through mobile devices using the Popmoney(R) Instant Payments feature.

Moneygram Partners Facebook Platform

MoneyGram is teaming up with PicomoPay to allow its consumers in the U.S. to send money transfers via PicomoPay’s Facebook application to more than 336,000 MoneyGram agent locations in more than 200 countries. The social media service will be available to consumers in May. PicomoPay is a social and mobile payments platform integrated within Facebook. Its primary business is to allow consumers to conduct person-to-person payments funded by their PicomoPay Digital Wallet, and to buy and send virtual gift cards on Facebook.

China UnionPay Volume

China UnionPay (CUP) transaction volume continues to explode racking up a stunning 48% increase in 2013, following a solid gain of 37% in 2012. Last year, CUP’s bankcard interbank transaction volume hit 32.3 trillion yuan (US$ 5.18 trillion). The five-year CAGR is 32.3%, according to CardData. During 2013, the number of CUP merchants rose 58% to more than 11 million. The number of POS terminals connected to the CUP network soared 49% surpassing the 10 million milestone.

Techcombank JCB Dreamcard Launched

Techcombank and JCB International Co., Ltd. (JCBI) have officially announced the launch of Techcombank JCB Dreamcard.Product launching ceremony was held on the same day with the participation of more than 2,000 people. Techcombank JCB Dreamcard is designed with suitable benefits for customers with average monthly income from 4 million VND. Techcombank JCB Dreamcard allows cardmembers to withdraw cash at all Techcombank ATMs nationwide, 24 hours per day, 7 days per week and to make purchase at over 24 million JCB merchants worldwide including Vietnam.

Globe Telecom Mobile Commerce

Globe Telecom recently introduced an innovative solution earmarked to boost retail activity and set new standards of mobile commerce and retail payments among small and medium business (SMB) owners, providing customers operating start-up and small scale-stores, bazaars as well as retail outlets across the Philippines an alternative channel for payment transactions using a smartphone or a tablet. Globe Charge, a flagship product of Globe myBusiness, the business segment of Globe Telecom catering to SMBs and their communication needs, integrates a smartphone and an innovative mobile card reader into a convenient mobile point-of-sale (POS) payment device, eliminating the need for traditional and more expensive card terminals.

TSWG integrates EyeVerify Eyeprint Verification

EyeVerify, San Jose, California, Finovate start-up and TSWG (The System Works Group) from Brisbane, Australia announces that TSWG NetTeller Mobile Money will integrate with EyeVerify’s Eyeprint Verification across iOS and Android devices.
TSWG is a leading provider of secure and agile digital banking technology, and will integrate the patented Eyeprint Verification technology; which is available only from EyeVerify and provides a highly accurate, user friendly biometric authentication stack.

VTB24 Deploys NCR Cash Recycling

NCR begun modernizing the ATM network of VTB24 with its SelfServ cash recycling functionality. The modular self-service systems help to improve the quality and reliability of service and make everyday financial transactions more convenient for customers.A cash recycling ATM dispenses cash deposited by one customer to the next customer withdrawing money. The cash recycling feature has been approved by the Russian Central Bank in early 2013. Since then, VTB24 has upgraded 65 of the existing intelligent deposit ATMs within its network to recycling functionality in Moscow and St. Petersburg. Cash recycling allows VTB24 to free up their bank tellers to provide superior customer service and engage new clients.