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

Major 4 Network Global Q1 PDV +7% FX YOY Adjusted for EU

Purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 21.2% year-on-year (YOY) on a nominal dollars basis for the first quarter (1Q/17). However, on a currency adjusted basis (FX), global 1Q/17 PDV increased 20.4% YOY, according to CardData. The first quarter PDV figures are skewed as Visa…

Vantiv & Chase Chases a Worldpay Play for $10B

Worldpay Group confirms it has received preliminary approaches from Vantiv and JPMorgan Chase Bank in relation to the potential acquisition of the entire issued, and to be issued, share capital of Worldpay. Any deal is expected to be valued in the US$10 billion range. The companies now have 28 days, or until August 1, to…

Armed w/Expanded Funding InstaReM Heads to Europe and the U.S.

A Singapore-headquartered cross-border payments company has exploded on the payments scene. InstaReM has received a $13 million investment led by GSR Ventures, with participation from SBI-FMO Emerging Asia Financial Sector Fund, Vertex Ventures, Fullerton Financial Holdings, and Global Founders Capital. To date, InstaReM has raised over US$18 million in the last 18 months. InstaReM will…

First University for Merchant Payment Services Training Now Online

The payments industry first and only online video university for merchant services professionals has been launched. Linkpay.University offers 12 courses and over 64 videos of merchant services training. Courses include everything from introduction into credit card processing, analyzing statements, how to sell merchant services, lead generation and consultants on real sales calls. After each 6-video…

Big 6 U.S. Q1 Active Accounts Rise 7% YOY Despite Rising Attrition & New GAC Churn

U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, increased 7.0% year-on-year (YOY) in the first quarter (1Q/17), according to CardData. There were 169.2 million active bank credit card accounts for 1Q/17 in the U.S. among the top six issuers: Citibank; Capital One; Chase, Bank of America,…

Q1 U.S. GDV Marketshare: Visa +240 bps AXP -150 bps YOY

The nation’s four major payment card networks produced $1485 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/17) for a 6.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.7% in 1Q/16 to 61.1% in 1Q/17, largely at the expense of American Express, according to…