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

LIBOR Increasing?

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The U.S. prime rate will continue to hover at 3.25% but the LIBOR is slowly heading higher, a little screwy given the overall economic situation. RAM Research predicts the LIBOR will head up to 0.35%, a ten basis points jump from the third quarter, and the lowest since the second quarter…

Discover Financial Services Joins FIDO Alliance

Discover and the FIDO (Fast IDentity Online) Alliance announced that Discover has joined the Alliance and been appointed to the Board of Directors. FIDO members commit to share technology and collaborate to deliver open specifications for universal strong authentication that enables FIDO-compliant authentication methods to be interoperable, more secure and private, and easier to use. Open FIDO specifications will support a full range of authentication technologies, including biometrics such as fingerprint and iris scanners, voice and facial recognition, as well as existing solutions and communications standards, such as Trusted Platform Modules (TPM), USB Security Tokens, embedded Secure Elements (eSE), Smart Cards, Bluetooth Low Energy (BLE), and Near Field Communication (NFC).

Kuboo.com Partners with Oink Payments

KUBOO Inc announced that it has partnered with Virtual Piggy, Inc. (http://www.virtualpiggy.com/) , provider of safe youth payments technology, Oink. The parties have agreed to joint marketing efforts that will reach millions of kids and teens. Oink (http://www.oink.com/) is the only COPPA compliant payment technology designed to allow retailers and game publishers to reach under 21 consumers in a safe, legal and effective manner.

Mobiliti from Fiserv “Best in Class” mBanking Provider

Fiserv announced that its Mobiliti mobile banking platform received four “Best in Class” distinctions in a recent CEB TowerGroup global mobile technology analysis. Mobiliti from Fiserv was named “Best in Class” in each of the four categories evaluated: Customer Experience, Interface Development, Integration and Management and Enterprise Support. The CEB TowerGroup technology analysis aims to provide a customer-driven, transparent and unbiased review designed to drive informed business decisions. Its product rankings highlight best-in-class attributes and show a comparative perspective of leading products. This report assessed more than a dozen mobile banking offerings across worldwide markets. When evaluating Mobiliti, the CEB TowerGroup report cited the structured approach to product roadmap development employed by Fiserv to ensure continued delivery of innovative product features.

Fiserv Announces Latest Popmoney Client

First National Bank of Pennsylvania recently announced that it is one of the first banks in the country, and the first bank in Pennsylvania, to introduce Popmoney Instant Payments, a new feature within the Popmoney personal payment service that allows FNB online banking customers with an FNB debit card to transfer money in real time to other people. Popmoney, a Fiserv product which FNB has offered since 2012, allows FNB customers to quickly and easily request money or send payments using the recipient’s email address, mobile phone number or bank account information. Customers will now have the convenience of sending money immediately, without the need for cash or the traditional delays associated with other forms of money movement, such as check or ACH and without the hassle and expense of a wire transfer.

Africa’s First Travel Rewards Program

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] AfrAsia Bank and MasterCard introduce Africa’s first travel rewards program offering real time booking on over 450 airlines and at 200,000 hotels to its World and Titanium MasterCard cardholders. In collaboration with Infinia Services & Solutions and MasterCard, this travel rewards program enables cardholders to earn XtraMiles whenever they swipe their…

MoneyGram Partners New Albertson

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MoneyGram, a leading global money transfer company, announces today that it has signed an agreement with New Albertson’s Inc., (NAI), to offer money transfer, bill payment and money order services in all ACME Markets, Jewel-Osco, Shaw’s and Star Markets grocery stores. The new agreement with NAI includes provisions which will allow…

Mexican CPI

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Inflation in Mexico is hovering at 3.4% in the fourth quarter after a sharp decline from 4.5% in the second quarter, according to OECD. RAM Research projects the CPI for Mexico will increase to 3.5% in the fourth quarter. The recent hurricanes has impacted spending and reduced government spending has slowed…

Welch ATM signs SeaWorld deal

SeaWorld Parks & Entertainment the parent company of SeaWorld and Busch Gardens has partnered with Welch ATM to provide ATM services in the company’s parks nationwide. The partnership includes ATM equipment, management, financial institution branding and services for the SeaWorld®, Busch Gardens® and Sesame Place® parks throughout the U.S. Headquartered in Peoria, IL, Welch ATM currently manages a network of over 22,000 ATMs nationwide. Welch’s company focus is customer satisfaction. They have earned the “Best Practice ATM Deployer” award from the ATM Industry Association and were ranked the #1 ATM Help Desk by NCR. SeaWorld ATMs will have colorful wraps, screens and toppers making it that much easier for park customers to find easy access to cash.

Comdata Enhances FleetAdvance

Comdata has released a new advisor tool within its FleetAdvance solution. FleetAdvance Advisor enables customers to proactively plan fuel stops with the best pricing opportunities along a route to help fleets make smarter fueling decisions. Comdata FleetAdvance provides customers with real-time transaction data to help guide informed purchasing patterns, better manage fuel costs and improve driver behavior.

MasterCard Expands MasterPass to New Market

MasterCard’s new digital payment platform is debuting in Italy with Mediaworld, Trenitalia and Vodafone. The “MasterPass” solution will shortly be joined by Esselunga. 3,500 more retailers are also active through Banca Sella, the first acquirer bank to offer the MasterPass service to all its online clients. With MasterPass, consumers, don’t have to enter their card and shipping details each time they make a purchase from an online retailer, which is particularly important in the growing area of purchases made from smartphones and tablets. Consumers can simply click on the “Buy with MasterPass” button and enter their username and password to complete payment for a purchase. MasterPass optimizes the mobile check out experience making the small screens easier to navigate and offers the same benefits for online purchases made from PCs and tablets too.