Robert McKinley, Senior Analyst/Editor Robert McKinley, with 33 years experience covering payment cards and payment systems, is Senior Analyst/Editor for CardFlash and other payments-related publications. He is the retired founder and chief executive of RAM Research, CardWeb and CardTrak. McKinley served as an expert witness in 100+ litigations including two multi-$billion trials, testified before the U.S. Congress, chaired multiple payments conferences, hired as consultant by Fortune 100 companies and several overseas financial institutions. Full Bio:

ElectraCard Announces Latest Prepaid Card Client

ElectraCard Services (ECS) announced that the student prepaid cards program at Chase Bank, Kenya has been launched on the electra platform. ECS is the technology and processing partner for the program and leverages its PA-DSS certified electraPREPAID platform to provide a seamless, safe and secure solution. Chase Bank has partnered with UNISCOO (University Students Community Organization) to offer the MasterCard prepaid card to its members. The UNISCOO card will allow users to top up and shop at any MasterCard enabled physical or online merchant. Topping up the card can be done at any Chase Bank Branch as well as through M-Pesa and Airtel Money at no additional cost. The Card is aimed at giving the user an easy way to manage funds that is both convenient and secure.

Paragon Announces Solution Licensing

Software Group software solutions and services to financial institutions has licensed ATMulator Plus and FASTest from Paragon Application Systems. Software Group is using ATMulator Plus and FASTest to enhance the ongoing development and testing of their UnderTree Route switch system. Using ATMulator Plus and FASTest, Software Group can create unlimited virtual ATMs to use for device, function and regression testing. With Paragon’s solutions, they can also develop and test customized ATM configuration files.

Chase 2013

The #1 credit card issuer in the U.S. (based on outstandings) and the #1 global Visa issuer (based on consumer and business card sales) posted an 11% gain in credit card purchase dollar volume and a 14% gain in merchant processing volume in the fourth quarter.

At year-end, Chase had 65.3 million open credit card accounts and 32.3 million active credit card accounts (or 50%). Chase opened 2.4 million new credit card accounts in the fourth quarter (59% via online), but the gross number of accounts only grew by 300,000. For the full-year credit card purchase dollar volume rose 10% over 2012 with $419.5 billion. In the fourth quarter purchase dollar volume increased 11% to $112.6 billion.

Clinkle Names New CFO

Clinkle Corporation announced the appointment of Mike Liberatore as chief financial officer. Liberatore joins the company from PayPal, where he served as senior director of large enterprise finance and the North America financial planning and analysis (FP&A) group. Earlier, Liberatore was based in Singapore and served as senior director of finance for Asia-Pacific, during which time he helped triple the APAC business over four years. Before PayPal, Liberatore worked at eBay in several roles, including director of corporate FP&A. Previously, Liberatore held a variety of financial positions at Adobe Systems, Intel Corporation, and Hewlett-Packard.

FIS Reins on U.S. EMV Smart Card Transition

FIS is furthering EMV production and transitions with its programs for more than 50 financial institutions over the last 12 months. Offering implementation and issuance programs for providers looking to upgrade to the EMV standard used across most of the world, FIS has taken a leading role in several EMV initiatives that support financial institutions, retailers, government entities and individual consumers. Through its NYCE Payments Network, FIS is one of 10 founding members of the Debit Network Alliance (DNA). A collaborative effort of 10 of the largest debit PIN networks, Debit Network Alliance is working to create a standard for EMV debit card processing that will meet Durbin Amendment rules and allow for an open and competitive debit network marketplace. Its Travel EMV Prepaid Card program allows banks to quickly and easily sell prepaid smart cards to customers without implementation costs.

Jack Henry Announces Latest SilverLake Bank Client

Jack Henry & Associates is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced that Merchants Bank has selected its SilverLake System® core processing platform to provide enterprise-wide automation. This Vermont-based mid-tier bank will implement SilverLake through Jack Henry Banking’s outsourced offering, JHA OutLink Processing Services.

Zenmonics MobileBANKER

Zenmonics Inc. announced that Bank of North Carolina (BNC) has adopted the Zenmonics mobileBANKER platform to transform its customer sales and service capabilities. By combining data and services from disparate bank systems, Zenmonics mobileBANKER delivers a complete array of sales, marketing, transaction and account services functions through a single interface on a secure, mobile tablet device. Bank personnel can work with a client from virtually anywhere – inside the branch or out – without having to toggle between various systems and applications.


Middle East and Africa segment of MasterCard’s Asia-Pacific-Middle East-Africa region (APMEA) iexploded in 2013 with a number of new cards entering the market, proliferation of mobile payments and Shari’a compliant MasterCards. At the end of the third quarter there were 410 million cards issued in the APMEA region. Gross dollar volume for the third quarter was $410 billion. MasterCard will release fourth quarter and annual results on January 31 before the market opens.

Mocapay Reissues Technology Patents

Mocapay reissued its cornerstone patent that offers merchants a single-use, perishable token for mobile transactions. This mobile payment methodology ensures the security of sensitive consumer information for any type of transaction while providing merchants with the marketing intelligence to better understand and influence customer-spending behavior. Additional patents have also been recently issued including the payment card emulation or “spoofing,” mobile marketing messaging and gift-a-friend patents. The original cornerstone patent was approved in 2010 and was recently reissued. The technology assigns each transaction a single-use and/or perishable token or code, which is then delivered to the mobile phone of the consumer authorizing the transaction in one of the most secure methods in the industry.

Fundtech Appoints Head, Cash Management

Fundtech announced it has hired Michael F. Jackson, Head of Americas Cash Management, brought on to lead Fundtech’s cash management business in the Americas as the company invests in and expands the business in this market. Jackson brings to Fundtech more than 25 years of experience in financial services, in areas including product strategy and product management, enterprise application software development, professional services, customer support, and bank operations. He was most recently Vice President of ACI’s Electronic Bill Presentment and Payment (EBPP) group. Before joining ACI he held various senior roles with S1 Corporation, including General Manager of the firm’s Americas Channel where he was instrumental in the design and development of S1’s Corporate Banking Application.

Oink Payments Accelerates Beyond 1 Million Consumers

Virtual Piggy and Oink announced that over 1 million users have signed up for their family wallet solution to shop online. Oink online payment technology allows teens and tweens to shop in a manner compliant with the FTC and other international regulations. The majority of Oink consumers are teenagers, with over 80% in the United States. Oink currently offers several online shopping and gaming destinations, and will be adding additional leading brands and secure in-store purchasing in the near future.

i2c Clients Win Awards for Prepaid Excellence

i2c clients Banco do Brasil Americas and SE Giftcards were each awarded a Paybefore Award for their innovative prepaid programs. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for the global prepaid and emerging payments community. The companies use i2c’s global commerce and prepaid processing platform to power their programs. A judging panel comprised of prepaid industry experts selected this year’s winners from a record number of applications. Banco do Brasil Americas won in the “Better Way” category for using prepaid to achieve significant process improvements. The bank’s multi-currency scholarship disbursement card has accelerated funds availability for cardholders and simplified the process of sending and receiving scholarship disbursements globally.