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.

NCR POS Powers Stangengrüner Mühlenbäckerei

NCR and dascus are modernizing the point-of-sale (POS) infrastructure of all 109 branches of the German bakery chain Stangengrüner Mühlenbäckerei. The complete solution consists of software and hardware along with services and support provided by dascus. Due to its design, the POS technology enables small and midsized retailers to realize significant energy savings, since it features an energy-saving processor and runs without a cooling fan. With its compact design, the technology is easy to setup and maintain. Its color and branding can be customized according to a retailer’s individual preferences and can be used either as a POS workstation or multimedia kiosk for self-service applications.

Schuh Deploys TNSPay Payment Processing

Schuh Retailer has selected TNSPay, the multi-channel payment gateway from Transaction Network Services (TNS), for secure, compliant payment processing across its 99 stores in the UK and Ireland. As part of a store wide chip and PIN upgrade, Schuh was seeking to move to a service provider that could deliver a higher quality of customer service and technical support through a secure, compliant solution that improved the payments experience for their customers. TNS was one of the first companies to introduce managed payments technology over 20 years ago and has grown significantly with its products and solutions now managing over 15 billion payment transactions across the world each year. TNS provides services and support to customers in over 60 countries across the Americas, Europe and Asia Pacific region, with its reach extending to many more.

Yapi Kredi revamps card processing operations with SmartSoft

Kredi Bank has renewed its payment systems with SmartSoft’s OCEAN platform and completed the technological and functional transformation of its infrastructure.
Yapı Kredi renewed its card payment systems infrastructure with Cardtek Group company SmartSoft’s OCEAN platform. Complete Worldcard portfolio has been successfully transferred to OCEAN platform’s payment systems structure with the project that started in 2012. Due to this change, Worldcard products are now easy managable, flexible and designed with the latest technological infrastructure. OCEAN Payment Platform and Yapı Kredi functions were combined together to create the maximum efficiency. Credit Card Management, Prepaid Card Management, Campaign Managtement, Switch, Exchange, Authorization and Charegeback systems have all been renewed.

Stripe Now Functional in 130 New Currencies

Stripe announced the ability for users to accept more than 130 currencies, allowing businesses to instantly begin selling in nearly any currency. Online businesses benefit from an increasingly global audience for goods and services. As more of the world comes online, it’s increasingly critical that businesses can handle the currencies of Internet trade. Stripe users in the United States and Europe can sell their products in almost any world currency. Stripe will automatically handle all necessary conversions and perform daily deposits in its users’ bank accounts. Stripe’s API, payment connectivity, and rapidly-growing global reach replace a complicated matrix of bank accounts, gateways and subscriptions managers, handles credit-card storage and fraud detection.

TSYS Releases White Paper on Commercial Card Growth

TSYS announced the publication of a white paper titled “Implementing a Successful Commercial Card Program in Turkey ” Avoiding Pitfalls: Lessons from the U.S. Experience.” The paper outlines the market opportunity and key drivers for commercial card growth in Turkey, drawing on experiences in the U.S. commercial card market to provide insights on accelerating card penetration. Noting key metrics that demonstrate the significant past growth and future potential of commercial cards in Turkey, the paper articulates three core benefits ” reduced costs, improved cash flow and reduced risk of non-payment ” of increasing commercial card usage for both issuers and their corporate clients. The paper further identifies three key insights for use in penetrating and developing the commercial card market in Turkey: understanding the opportunities and challenges of introducing commercial products, identifying the market opportunity by card type and exploring the importance of developing solutions specific to organization types.

Competition drives growth in European cards market

Competition among banks to gain new customers, and campaigns to replace low-value cash transactions with card payments, have driven significant levels of card issuance and rising card usage in Europe, according to RBR’s new report “Payment Cards Issuing and Acquiring Europe 2014”. A 20% rise in the number of cards in circulation between 2008 and 2012 (to reach 1.4 billion) was by far surpassed by a 40% increase in payments over the same period, as consumers used their cards more frequently for everyday purchases.

Agent Member Card Programs – 2013 Performance Results

One of the best ways for card issuing credit unions and other financial institutions to augment their organic/branch card sales growth is to offer agent member card programs to other, usually smaller, financial institutions. The sponsoring organization provides the card expertise and management and all card member services (“3 C’s”) while the agent institution generates new applicant/card accounts. Agents are often selected and offered varying rewards based upon size, number of member households served, number of branches, geographic territory served, and card sales technology they have available at their branches, and thus resources for new card growth potential. The greater potential for growth, the greater fee income that is usually offered.


Since 2008, the top five general purpose credit card issuers in the U.S. have logged more than $1 trillion in aggregate annual credit card payments volume. While actual credit card debt or revolving balances took a beating after the Lehman-inspired credit meltdown of late 2008, credit card usage has consistently been growing. Since 2009, credit card charge volume has skyrocketed by 32.5%. During 2013, credit card volume jumped 8.3% compared to 2012. RAM Research predicts credit card volume will likely gain at least 9% this year over 2013.

ChannelAdvisor Posts 4Q/13 Revenue Up Massive 30% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ChannelAdvisor Corporation cloud-based e-commerce solutions posted 4Q/13 financial results, featuring a record total revenue of $20.5 million for a 30% year-over-year increase in core revenue. Full-year 2013 total revenue was $68.0 million with a 29% year-over-year increase in core revenue. This illustrates that retailers are partnering with ChannelAdvisor as their strategic…

Pay.On Partners Arvato on Payment Method Management

Pay.On web-based payment infrastructure systems and arvato infoscore have jointly developed active payment method management with dedicated risk protection during the checkout process. This allows retailers to automatically incorporate payment methods that comply with country-specific requirements into their payment pages. The checkout solution also includes direct access to more than 130 international payment methods. It also ensures that only risk-adequate payment methods are dynamically shown to different predefined customer risk groups. An intelligent and adaptive customer rating continuously reduces the risk of payment defaults to a minimum for PSPs and their merchants. The joint venture solution comprises the core areas of expertise of both PAY.ON and arvato infoscore. PAY.ON provides the active payment method solution, including direct access to its global payment network. Incoming cash flows are then rated in terms of risk by arvato infoscore on the basis of the risk management fulfilment solution ‘risk solution services’.