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

Ingenico Focusing on Combining Off-line, On-line Processing

Ingenico is bringing together its European business (“Europe-Sepa”) and its Transactions business under the management of Pierre-Antoine Vacheron, EVP Sepa to build a leading payment service provider in Europe. Over the last twelve months, the Group has accelerated the implementation of its Transaction Services strategy, focusing on the combination of off-line (Axis, easycash) and on-line processing. Ogone has continued to grow significantly within the Transaction business unit, building on the common DNA shared by the various transactions activities within the region. With the integration of Ogone now well under way, Peter de Caluwe has decided to start a new professional project outside the group.

Polaris Launches NACH-ready Payments Services Hub for India

Polaris Financial Technology LTD iGTB division announced the launch of its NACH-ready India Payments solution. The solution is compliant with major payments systems in the country including National Automated Clearing House (NACH), Next-Generation Real Time Gross Settlement (NG-RTGS) and National Electronic Funds Transfer System (NEFT). With the emergence of NACH, a high rate of adoption is foreseen making it imperative for banks to have a strategic roadmap for the adoption of NACH. This would include product innovation, operational reconstructs and cutting edge technology adoption. NACH-ready India Payments solution contains NACH Mandate Manager, Transaction Processor for NACH, NG-RTGS, NEFT and APBS along with other standard features such as cross-border transactions and host-to-host connectivity. It is a web-based solution to facilitate inter-bank, high volume electronic transactions that are repetitive and periodic in nature. It facilitates centralized mandate management, direct debits and bulk payments processing.

UNFCU Deploys Gemalto Chip Card Issuance

Gemalto digital security is enabling United Nations Federal Credit Union (UNFCU) members around the globe to quickly and securely obtain their new Europay-MasterCard-VISA (EMV1) cards. Through a worldwide network of service centers, Gemalto’s Allynis Global Issuance services works seamlessly to issue EMV cards from regional centers that are located closest to the cardholder. Previously, UNFCU’s cards had been deployed from just one location in North America. Gemalto, having already delivered more than one billion EMV payment cards to clients worldwide, is making the card issuance service easier and more efficient for UNFCU and all its globally located cardholders. UNFCU became the first financial institution in the United States to introduce an EMV credit card. Since adopting EMV, UNFCU has seen lower fraud on its VISA(R) Elite and VISA Azure2 credit card portfolios when transactions are authorized by EMV Chip and PIN capable merchants.

Swish Payments names Stephen Grech CEO

Swish Payments mcommerce appointed Stephen Grech CFO to oversee the overall business strategy and direction for Swish, as the mPOS provider continues the global expansion of their white label mobile commerce solution. Stephen Grech has more than 23 years of experience in the financial services sector, with a specialisation in the card business, payments and e-commerce. In the last 10 years, Grech has specialised in project management and the establishment of new operations within these sectors. He also holds a master’s degree, specialising in e-Commerce from the University of Kent (UK) and is an Associate of the Chartered Institute of Bankers.

U.S. BANK CREDIT CARD CHARGE-OFFS 2013

Credit quality continues to improve quarter-to quarter and year-to-year and it appears the bank credit card charge-off plague is quickly subsiding. Tighter underwriting, manageable credit limits, departure of bad credits, not to mention the improving economy, have all contributed to taking charge-offs to historic lows for most U.S. issuers. Charge-offs among the nation’s largest bank credit card issuers fell, on average, by 62 basis points in 2013, to 3.25% at year’s end. After peaking at 10.79% in Q2/2010, charge-offs have returned to levels not seen since 2006 in the U.S.. Discounting the seasonal first quarter contraction in average credit card loans, charge-offs have declined for 14 consecutive quarters.

Genius Customer Engagement Platform

Capital Bankcard of New York announced today a significant move towards a secure mobile payment with the unveiling of Genius™ Customer Engagement Platform™. Genius enables merchants, agents, and partners to take advantage of the increasing disruption, uncertainty and complexity with payment solutions today and turn these conditions into a competitive advantage that helps their business grow rather than be threatened and hurt by it.

Fastest MasterCard Dual Interface Payment Card

Oberthur Technologies announced the release of the fastest MasterCard dual interface payment card on the market. Chrysalis Fly v3.0 reaches unprecedented contactless performances. Oberthur Technologies’ Chrysalis Fly v3.0 is the first card significantly converging between payment and public transport ecosystems. OT offers banks new revenue streams by promoting the usage of their MasterCard payment instruments for Open Payment in transit network. This innovative usage will bring additional value to cardholders’ payment cards.

Associated Bank Launches New Tablet App

Fiserv, Inc. this morning announced that Associated Bank has expanded its mobile banking and payment capabilities and added a tablet banking app with Mobiliti from Fiserv. These changes are in response to customers’ desire to conduct more banking activities via their smartphones and tablets. With the addition of mobile remote deposit capture, branded by the bank as Associated SnapDeposi, customers can now deposit checks by snapping photos with their smartphone camera, while the addition of Popmoney(R) enables them to initiate and accept person-to-person payments directly from their phone. These capabilities are also available in the bank’s new tablet app.

Mobile Merchants Unprepared for Fraud Threats

As retailers increasingly look to mobile as a way to generate revenue, fraud threats are impacting merchants to the tune of $283 for every $100 of actual fraud losses through the mobile channel, according to the LexisNexis® True Cost of Fraud Mobile Study released today. Conducted by LexisNexis and Javelin Strategy & Research, the study highlights key fraud issues effecting mobile retailers, while also articulating ways to combat retail fraud. The findings in the study show mobile penetration in the retail merchant channel is rapidly growing. Nearly one in 10 merchants accepted mobile payments in 2013 – an increase of 50 percent per year since 2011. 25 percent expect to begin accepting mobile payments in 2014. The mobile browser and mobile applications represent the dominant acceptance channels with 55 percent and 38 percent of mobile merchants accepting these channels, respectively.

Dynamics ePlate Visa Card

Dynamics announced today that it now offers cardholders the ability to earn Air Dollars on major US and International airlines, as well as allowing them to earn seats on private jet flights through its exclusive reward partner JetLimo. Unlike airline rewards cards, which typically offer consumers 1 mile for every dollar they spend on most purchases, Dynamics ePlate Visa card lets customers earns 1.35% in Air Dollars for every dollar they spend. These Air Dollars can then be redeemed for $250 credits on major US and International Carriers, on any ticket they buy from the airlines websites, without blackouts or flight restrictions, or limited availability of frequent flyer seats. Unlike airline cards, consumers can also choose to earn seats on private jet flights though Jet Limo, a new travel option that makes the benefits of business aircraft travel available at airline fares. Consumers can earn seats on flights they select valued up to $1500, after spending only $12502, making this an over 100% reward.

Thales Showcasing Crypographic Solutions

Thales will be showcasing its high assurance cryptographic solutions for protecting big data, public key infrastructures (PKIs), cloud and mobile payments at this year’s RSA Conference, San Francisco, February 24 – 28, 2014. As organizations increasingly rely on cryptography as part of their data protection strategy and to protect their critical systems, the trustworthiness of these crypto systems becomes paramount. This is particularly relevant in light of recent concerns over back doors, poorly implemented crypto systems, out of date algorithms, weak key management systems and the increasing burdens arising from privacy mandates. Thales can help organizations re-assess and re-evaluate their crypto security and key management infrastructure and deliver solutions that ensure their integrity and trustworthiness.

SD Association and NFC Forum Sign Agreement

The SD Association (SDA), a global ecosystem of companies setting industry-leading memory card standards, and the NFC Forum, a non-profit industry association that advances the use of Near Field Communication (NFC) technology, today announced a formal Memorandum of Understanding that will enable the two organizations to jointly educate the market and help build the ecosystem for NFC among users of smartSD memory cards. The SDA will work with NFC Forum Special Interest Groups to educate and promote adoption of NFC in conjunction with smartSD memory cards to target vertical markets including consumer electronics, mobile payment, retail, transport and health care. Some of the joint activities under consideration include workshops for target vertical markets, white papers, case studies, consumer research, webcasts, and hosted events or trade shows that demonstrate the business and consumer benefits of using NFC and smartSD memory cards together.