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

MasterCard Acquires Pinpoint

MasterCard today announced that it has entered into an agreement to acquire Pinpoint Pty. Ltd. This acquisition is expected to close in the second quarter of 2014. This acquisition, in combination with MasterCard’s capabilities, will benefit issuers, providing them more effective and efficient rewards programs to offer their customers. It will also help merchants target new customers while retaining their existing client base, allowing them to grow their businesses and raise profitability.

JetPay® Corporation Satisfies Arbitration Award Obligation

JetPay has fully satisfied the arbitration award granted to EarlyBirdCapital Inc. As previously disclosed, the International Centre for Dispute Resolution (the “ICDR”), pursuant to an arbitration claim filed against the Company by EBC, rendered its decision on March 3, 2014 and ordered the Company to pay damages of $2,070,000 plus interest, attorney’s fees and expenses of approximately $740,000 within 30 days of the decision. The Company entered into a Securities Purchase Agreement (the “Common Stock SPA”) with Bipin C. Shah, its Chairman and Chief Executive Officer, and C. Nicholas Antich, the President of JetPay Payroll Services (aka AD Computer Corporation), a wholly owned subsidiary of the Company. Mr. Shah and Mr. Antich agreed to purchase an aggregate of 333,333 shares of the Company’s common stock at a purchase price of $3.00 per share, for an aggregate of $1.0 million. Additionally, on April 14, 2014, the Company issued 4,667 shares of Series A Convertible Preferred Stock to Flexpoint for an aggregate of $1.4 million.

TNS Announces Winners of 2014 TNS Choice Awards Award Recognizes Outstanding Performance in the Financial Services Marketplace

TNS, announced the winners of the 2014 TNS Choice Awards to recognize financial services organizations that have achieved superior performance in the competitive marketplace. Winners of the award have shown themselves to be the preferred choice by their strong performance in attracting new customers, satisfying and retaining customers, and winning a larger share of their customers’ total banking business. The program is developed to identify strong achievement on both the National and Regional level. Winners include JP Morgan Chase, U.S. Bancorp, Ally Bank and BB&T Corporation. These research programs also diagnose what is driving marketplace momentum through an assessment of each firm’s customer experience, brand health, and marketing effectiveness.

MasterCard Announces Rugby World Cup Partnership

MasterCard Worldwide announced its partnership with Rugby World Cup 2015 in central London. MasterCard will be the Preferred Card and Official Payment System of the highly anticipated Tournament, which takes place in England and Wales between September 18th and October 31st. The announcement continues a highly successful partnership between MasterCard and Rugby World Cup Limited, which began ahead of Rugby World Cup 2011 in New Zealand.

Bank of America 1Q/14 Results Sees 1Q/14 Net Loss

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Bank of America reported a net loss of $276 million for 1Q/14, compared to net income of $1.5 billion in the year-ago period. Revenue declined 3% from the 1Q/13 to $22.8 billion. These results include $6.0 billion in litigation expense related to the previously announced settlement with the Federal Housing Finance…

Square Appoints Lead Engineer

Square has hired Alyssa Henry to lead engineering for the company to head up engineering operations for Square’s infrastructure and payments platform. Most recently the Vice President of Amazon Web Services (AWS) Storage Services, Alyssa led services including Amazon S3 and Amazon EBS through hypergrowth, and scaled the teams, software, and businesses. Alyssa was Amazon’s director of software development for ordering, with responsibility for Amazon’s ordering workflow software and databases. Before Amazon, Alyssa spent 12 years at Microsoft working on databases, data access technologies, and internal customer relationship management software in a variety of engineering, program management, and product unit management roles. Alyssa started her career as a developer in the financial services industry.

Skrill Launches Merchant Global Payments Suite

Skrill, announces the launch of its Global Payment Suite for merchants to give transactional businesses access to enhanced credit and debit processing, plus a range of international alternative payment options all rolled into one solution. The Skrill Global Payment Suite enables them to accept payments from customers across the world, in just one, easy integration. Skrill’s Global Payment Suite brings together Skrill Card Processing, Skrill Alternative Payments and the Skrill Digital Wallet into one package. It enables business to accept credit and debit card payments and multiple local payment methods, in 200 different countries and in 12 checkout languages, so that merchants can use the power of the Internet to do business wherever they choose. The Global Payment Suite includes robust security features, supported by Skrill’s team of anti-fraud and security experts to constantly monitor transactions and take action on behalf of customers.

Pay.On and EVO Payments Partner for SME Solutions

Pay.On and EVO Payments International (EVO) card payment acquirer and payment service provider partnered to provide small to medium merchants an easy interface to a payment solution that has all the advantages of the latest payment technology.EVO combines strong acquiring, processing and consulting skills on its European platform with the proven expertise of its parent company in the SME area. PAY.ON offers comprehensive technology expertise, from an omnichannel and PCI-compliant payment platform, through to the universal interface COPYandPAY, to the integration of country-specific payment methods and highly efficient risk tools and a number of shopping plugins to the payment-specific expansion of shopping systems. EVO and PAY.ON have created a full service offering to meet the needs of these merchants, through EVO’s payment processing platform which offers the acceptance of a variety of cards, giropay and additional payment methods as well as anti-fraud measures.

NCR Venue Manager set to enhance customer experience at Vector Arena

NCR Corporation has entered into an agreement with Auckland’s Vector Arena to implement an extensive suite of innovative NCR venue management solutions. The new solution at the 12,000-capacity arena will make every customer interaction an exceptional experience. NCR will deploy NCR Venue Manager, an advanced touchscreen POS and back office solution on 70 NCR POS terminals throughout the venue. NCR Venue Manager will provide managers with sales and inventory information to accurately report, analyze and forecast sales, reducing wastage and keeping costs under control. It offers customers exceptional venue experience with reduced queue time and faster delivery of food and beverages. The NCR advanced touchscreen POS terminal was selected because it can withstand Vector Arena’s punishing conditions and deliver faster service.

FICO Announces Latest Fraud Resolution Manager Client

FICO announced First National Bank (FNB) deployed its Fraud Resolution Manager. Designed to communicate with customers when a potentially fraudulent transaction takes place, the FICO application allows FNB to automatically contact a customer through voice calls and interactive SMS when a transaction is flagged as suspicious, usually reaching the customer while they’re still at the point of sale. FNB reports that this has reduced the number of fraudulent transactions per case by 30 percent, for a total savings so far of more than R150 million (approximately USD$14.3 million). FNB is now able to validate genuine transactions, focus on the real fraud and improve customer service. FNB is currently using the FICO Fraud Resolution Manager in its Core Banking Solutions area to protect cheque card and debit card accounts.

Lloyds Banking Group Installs NCR ATMs

NCR announced that Lloyds Banking Group selected NCR SelfServ cash dispense and cash deposit ATMs to upgrade over 1,200 ATMs in the U.K. The new solutions replaced legacy ATMs used by Lloyds Bank, Halifax, Bank of Scotland and TSB for more than a decade, improving availability and banking services for consumers. The new ATMs feature bigger screens, voice guidance for visually impaired customers and two-sided thermal receipt printing. This is also the first installation of contactless card readers in ATMs in the U.K.. NCR will modernize Lloyds ATM estate as the solutions have more effective upgrade capabilities and include the latest technology. Over 1,200 NCR SelfServ 22, NCR SelfServ 25 and NCR SelfServ 34 ATMs replaced legacy ATMs that have reliably served Lloyds Banking Group customers for up to 20 years. The deal included NCR installation services and second line maintenance, ensuring longevity.