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

Sussex Bank selects the Fiserv Premier platform

Fiserv announced that Sussex Bank has selected the Premier(R) bank platform from Fiserv and a wide array of additional solutions. To meet increasing consumer demand for 24/7 financial services, Sussex Bank selected several self-service digital solutions, including solutions for mobile banking, remote check capture, payments and online banking. Popmoney(R) from Fiserv will enable Sussex Bank’s customers to send and receive person-to-person or social payments, while Mobile Source Capture(TM) will facilitate secure check deposits from consumers and small businesses using a smartphone camera. In addition to Premier, Business Analytics, Director, Business Process Manager, Popmoney and Mobile Source Capture, the bank selected the following innovative Fiserv solutions: Accel(TM) payments network, Business Continuity Services for disaster recovery, Branch Source Capture(TM) for check capture, CheckFree(R) RXP(R) and CheckFree(R) Small Business for bill payment and presentment, Data Vaulting(TM) for automated data backup and storage, Integrated Teller for real-time customer and account information, Mobiliti(TM) for mobile banking, Retail Online(TM) and Business Online(TM) for online banking, TransferNow(R) for online funds transfer, and WireXchange(R) for wire transfers.

Online insurer Zurich Connect takes MyBank payment method

Thanks to MyBank, the customers of Zurich Connect in Italy can now pay their insurance premiums via online and mobile banking safely and simply through their bank.
MyBank will allow to all the holders of a current account opened within many banks now enabled to acquirer via online their insurance premiums on Zurich Connect site with just a couple of clicks. By offering MyBank on its website, the online insurer provides its customers in Italy with a convenient and secure payment method based on the online banking environment they know and trust. The cooperation between Banca Sella, that offers MyBank payment option throughout GestPay Payment Gateway, and the Italian online company Zuritel, owner of Zurich Connect brand, (http://www.zurich-connect.it/), has made possible for the largest insurance company in Italy to offer payments via MyBank.

BPC Banking Technologies joins Asian Bankers Association

BPC Banking Technologies Open System payment solutions joined the Asian Bankers Association (ABA) as an Associate Member. BPC’s membership was confirmed during the recent ABA Annual General Meeting in recognition of the company’s strong commitment to the financial services market in Asia Pacific. BPC Banking Technologies has been operating in the AP region since 2006 and has helped to transform the payments infrastructures for 14 organizations in 11 countries. BPC’s sophisticated payments solution – SmartVista – provides comprehensive support for a wide range of products, from classic card products to more advanced solutions including supporting microfinance in remote locations and biometric ID by fingerprints. The solution also supports mobile payments, card, ATM/POS and merchant management, as well as advanced fraud prevention and loyalty programs. By virtue of its flexibility, SmartVista can be deployed in a number of configurations ranging from supporting the terminals network of a single organization to operating as a sophisticated nation-wide switch. To support its business growth, BPC has opened a network of six offices across the region, covering sales, R&D, implementation and support.

BinaryFund to Accept Credit Card Payment

The world’s first exchange platform taking card payments for digital currencies including Bitcoin launches in the UK. In a move promising to revolutionise how digital currency is acquired and used, BinaryFund will also dramatically change how the nation’s online retailers, investors and finance professionals take payments, approach currency exchange, and debit customer accounts. It will also smooth the path to widespread digital currency adoption at economic level. The formal launch of BinaryFund marks a number of notable firsts at commercial, financial, FX and tech circles, making it one of the most significant unveilings of the year to date. As well as being technically remarkable, BinaryFund.com offers Britain’s business infrastructure the chance to set the standard in digital currency transactions. The platform has developed a robust, reliable and accessible merchant tool system that will allow business users to accept payments in digital currencies such as Bitcoin while still providing the convenience and security that comes from being able to deposit the funds in Pounds Sterling, Euros or American Dollars at bank account level.

Gemalto chooses Fime for Taiwanese contactless security evaluation

Fime waas selected by Gemalto to test compliance of its customised dual-interface payment product prior to launch into the Taiwanese market. The newly-issued product, FISC II ATM, meets security standards set by Taiwanese certification body, The Bankers Association of the Republic of China (BAROC) and offers both contact and contactless payment capabilities to issuing banks in the country. Gemalto worked with FIME Asia as the advanced testing specialist, in collaboration with security evaluation laboratory, CEA/Leti. Collectively, the testing partners are accredited by BAROC to perform the security evaluation of smartcard-based payment instruments to Security requirements of BAROC for financial chip card approval and implementation version 2.0. Additionally, Gemalto selected FIME Asia and CEA/Leti to confirm compliance to the Taiwanese payment system, People’s Bank of China, as well as international payment systems such as MasterCard and Visa.

U.S. DEBIT CARDS 2013

The U.S. debit card market is slowly rebounding from the impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Walmart-inspired anti-trust litigation and retailer steering to PIN debit, which severely cut debit card processing fees. In 2013, U.S. debit card gross dollar volume (GDV) increased 6.9% as Visa and MasterCard, combined, racked up $2.25 trillion in the U.S. debit card market.

Emirates NBD Selects NCR

NCR Corporation today announced it has signed a five-year, multimillion-dollar agreement with Emirates NBD to revolutionize banking services in Dubai with NCR software platforms and innovative retail banking solutions. NCR was chosen as the unified, end-to-end self-service ATM technology vendor – hardware, software and services – for Emirates NBD, the largest banking group in the Middle East. As part of Emirates NBD’s new software platform, NCR will install APTRA interactive services, a software-based technology solution that lets live tellers take remote control of an ATM as they speak and conduct transactions with customers via two-way audio and video.

Diebold Announces Latest Client to Upgrade ATMs to Windows 7

Diebold will upgrade First Federal Bank of Louisiana’s Opteva automated teller machines (ATMs) to run on the Windows 7 operating system. The upgrade, along with Diebold’s installation of Agilis 3 software and new Encrypting PIN Pads (EPPs) on the bank’s ATMs, will help the bank comply with the latest PCI PTS version 3.1 security requirements. The bank is migrating all of its ATMs to Windows 7 to comply with PCI requirements for maintaining up-to-date security patches and avoid the need for additional compensating controls or custom XP support. First Federal Bank of Louisiana’s fleet includes 22 Diebold ATMs, most of which feature deposit automation technology for envelope-free check deposits. Diebold will replace two outdated terminals with new Opteva ATMs and update operating systems, software and hardware on the other terminals.

ACI Strengthens UnionPay Payments

ACI Worldwide announced strengthened support for UnionPay with the ACI Interchange. This opens up new markets for financial institutions and processors by enabling support for UnionPay transactions while extending infrastructure options to include IBM System p AIX. UnionPay has issued more than 3.5 billion cards worldwide and it is projected to continue its significant growth. UnionPay cards are accepted in more than 140 countries and its growth presents a significant opportunity for financial institutions and processors facing revenue pressures or wanting to extend their commercial offerings with a growing brand. ACI Interchange already supports incoming and outgoing clearing and settlement processes for transactions underpinned by EMV and magnetic stripe payment cards for the major international schemes; this has now been extended to include UnionPay.

SecureKey Chosen for MintChip Currency

SecureKey today announced that its briidge.net Connect™ Platform has been chosen by the Royal Canadian Mint to provide device-based multi-factor user authentication for its new MintChip cloud-based digital currency. The briidge.net Connect Mobile SDK built into the MintChip consumer mobile app, combined with the briidge.net Connect service, will enable consumers to make cash-like MintChip payments using their smartphones and other mobile devices more conveniently and securely than current contactless payment card transactions. The briidge.net Connect Mobile SDK embedded in the mobile app allows the MintChip system to positively identify the mobile device connecting to the consumer cloud account through a unique device ID. Prior to a payment transaction, the software authenticates the user by their 4-digit QuickCode PIN.

Heartland Commen on College Debit Card Report

Heartland Campus Solutions ECSI, a division of Heartland Payment Systems and a leading provider of solutions for over 2,000 colleges and universities, commented today on the February 2014 U.S. Government Accountability Office (“GAO”) report: “COLLEGE DEBIT CARDS: Actions Needed to Address ATM Access, Student Choice, and Transparency.” College debit and prepaid cards allow students to receive tuition refunds from federal student aid and other payments on a card. According to the GAO Report, while college cards can be convenient for students and offer cost savings and efficiencies for schools, concerns exist when it comes to fees, ATM access and neutrality. Among other findings, the GAO reports that some college debit and prepaid card providers charge fees for debit card usage, make it difficult for students to transfer funds to their own bank account, and that some schools receive payments from card providers based on the number of card accounts opened, leading to a call for increased transparency.