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

NCR and ATMRC Deploy Weatherized ATMs

NCR Corporation, the global leader in consumer transaction technologies, announced today that Moneycorp has deployed weatherized NCR SelfServ™ 28 ATMs in city center locations around the U.K. to provide a reliable, secure service for customers. The NCR ATMs are conveniently designed for busy city center locations. Moneycorp worked closely with NCR and NCR partner, ATMRC, to quickly design, test and deploy the ATM solution. This ensured a timely and effective deployment for Moneycorp’s on-street ATMs, helping to future-proof its business and increase profitability. It is designed to be easily deployed and redeployed anywhere”indoors or outdoors”with minimal infrastructure requirements, providing maximum brand exposure, transaction volumes and revenue combined with a low cost of ownership. The SelfServ 28 ATM needs only a power outlet to operate and with a temperature range from -50 to +35 degrees centigrade does not require a structure to protect it from the weather.

VISA CEMEA Q4

Visa’s payment card volume in Central Europe, the Middle East and Africa has been slowing down in 2013, from nearly 37% year-on-year growth in Q4/2011 to a mere a 15% in the fourth quarter of this year. Poland and Hungary are holding their own while the Czech Republic is very sluggish. Pakistan’s economic performance is getting a boost by the decision of EU Parliament’s International Trade Committee’s to grant duty-free market access to its exports.

Fiserv Announces Latest Integrated Payment Client

Fiserv announced today that South Carolina State Federal Credit Union (SCU) has selected an integrated suite of payment solutions including debit and credit card processing, the Accel™ debit payments network, UChoose Rewards® and Risk OfficeSM, to enhance the member experience and improve operational efficiency. SCU has been using DNA from Fiserv since 2006. Fiserv provides comprehensive integrated solutions for credit unions which include account processing, bill pay, online banking and a full suite of credit, debit and prepaid solutions, including a flexible loyalty rewards program and fraud risk solutions for cards. Fiserv also offers card personalization, 24-hour call centers and extensive training, marketing and implementation support.

Moneycorp Chooses Weatherized ATMs

NCR Corporation announcedthat Moneycorp has deployed weatherized NCR SelfServ™ 28 ATMs in city center locations around the U.K. to provide a reliable, secure service for customers. The NCR ATMs are conveniently designed for busy city center locations. Moneycorp worked closely with NCR and NCR partner, ATMRC, to quickly design, test and deploy the ATM solution. This ensured a timely and effective deployment for Moneycorp’s on-street ATMs, helping to future-proof its business and increase profitability.

2Checkout Takes-On WePay e-Commerce Customers

2Checkout online payments has launched a program to rescue merchants recently abandoned by WePay. WePay recently announced their decision to retire their hosted checkout option and force customers to adopt their APIs instead. 2Checkout continues to offer merchants a hosted payments solution, and has set up a convenient landing page for former WePay customers to learn more. Hosted checkouts offer an intuitive and agile way for merchants to jump into online retailing without the hassle of formatting pages of website code.

Cumberland Building Society Deploys P2P Mpayments

Pay2Mobile, Cumberland Building Society’s new mobile payments service, now allows the Cumberland’s internet banking customers to send money simply and securely to a friend or relative’s Cumberland current account using just their mobile phone number, without needing to share account details. Customers are able to download the free Pay2Mobile app, available on iOS and Android. The Pay2Mobile app also includes ‘Balance Peek’ which allows customers to check the balances on their Cumberland accounts without having to log on to mobile banking.

Wincor Nixdorf introduces B2B marketplace for Android apps

Wincor Nixdorf will present a B2B marketplace for Android-based apps that retailers can use to manage their stores, enhance their sales and payment processes and provide value added services. A multifunctional payment tablet is the enabling technology for this innovative software platform concept. The “Aevi” portfolio – an ecosystem of integrated solution components – represents the culmination of all Wincor Nixdorf’s experience and know-how in the area of cashless payment transaction processing. Wincor Nixdorf established a new business unit, Cashless Payment Solutions, to focus on the needs of the strongly growing cashless payment market. Its Aevi portfolio comprises three solution blocks: Aevi Pay, Aevi Money and Aevi Marketplace.

MasterCard Commuter Payment Option Embarks on New Market

Transit Link and MasterCard announced a collaboration that will see the start of MasterCard card payment acceptance for transit services. With this agreement, commuters will now have an additional way to pay for transit top ups, card replacements and other services. The use of card payments – including contactless (MasterCard® PayPass™) – will supplement the range of options currently available to commuters in a sector traditionally dominated by cash-based transactions, and reduce the amount of time spent queuing for and processing payments. With over five million trips made on public transit across the island daily, TransitLink’s Ticket Offices, which are located at select MRT stations, bus interchanges, major bus stops and several key locations, are key points at which many commuters add value to their transit cards. This collaboration augments TransitLink’s current online and mobile payment offerings to provide positive customer experiences and enables both organisations to further explore joint projects in the transit payment arena.

CREDIT CARD INDUSTRY FEES TREND SOFTENS, AS PREDICTED

R.K. Hammer, in this 3rd of their annual series of year-end card industry reports, indicates that the card business saw a fee income decrease of $2.6 billion in 2013, compared to 2012; $79.9 billion vs. $82.5 billion a year earlier. New regulations and legislation continues to have an impact. Post-recession card fees have been fairly flat for the past five years, according to R.K. Hammer…

GlobalPlatform Names Fresh Board of Directors

GlobalPlatform announced its Board of Directors for fiscal year 2014*, following annual elections for six of the eleven Board seats. Individual members to serve as Board Officers for a one-year term have also been confirmed, as well as the appointment of a new Mobile Task Force Chair. Marc Kekicheff – Senior Business Leader of Chip Innovation at Visa Inc. retains his position as Chairman. Uwe Wittig – Group Vice-President within the Mobile Security Business Unit at Giesecke & Devrient continues as GlobalPlatform Vice-Chairman; and Yves Moulart – Director of Development and Innovation within STMicroelectronics’ Secure MCUs Division, Integrated Secure Solutions, is again confirmed as GlobalPlatform’s Secretary / Treasurer. First-year members to serve a two-year term include Yves Moulart, Simon Moore, Solutions Architect – ARM, Rémi de Fouchier, Vice-President, Marketing Communication – Gemalto, Arnaud du Chéné, Vice President, Head of Product Quality within Global Chip & Contactless Solutions – MasterCard Worldwide and Sebastian Hans, Senior Standardization Manager – Oracle. Additionally, Jon Geater, Chief Technology Officer at Trustonic was elected to serve a one-year term.

BEETLE Mobile POS

Wincor Nixdorf has launched a tablet-based BEETLE mobile POS system. The solution is designed to meet the requirements of international retail companies who plan to enhance their customer engagement with mobile POS capabilities. The BEETLE mobile POS solution offers the flexibility and scalability to be used either as a queue buster, taking mobile payments or offering customer information on the shop floor, or linked to back-office systems to carry out admin tasks such as stock taking or inventory ordering. The solution has also the flexibility to operate as a fully functioning stationary POS terminal, when locked into its purpose-built docking unit and POS Device Hub. All relevant interfaces are available to connect the tablet with cash drawer, barcode scanner, receipt printer, customer display, checkout scale or any other device.

Credit Card Attrition

Credit card attrition has slowed by more than three percentage points over the past twelve months. Based on credit card data from Chase, annualized attrition dropped from 11.7% in the third quarter of 2012 to 8.6% in the third quarter of 2013. Over the past year Chase opened 5.6 million new credit card accounts, but its total account base grew by only 500,000 accounts. On a quarterly basis the Chase attrition rate is running at 2.3%, down significantly from 3.9% in the third quarter of 2012, according to calculations by CardData.