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

ATM Innovation Showcase

The Integrated Payments Alliance (IPA) is pleased to announce the association will hold the ATM Innovation Showcase and ATM X-Games on February 11, 2014 as part the U.S. ATMIA Conference and Expo. The IPA ATM Innovation Showcase, a full day educational event designed for ATM and payment leaders interested in learning more about cutting-edge payment technology, will kick off at 9:00 a.m. at the Lowes Royal Pacific Resort at Universal Studios in Orlando, FL.

NEW GIFT CARD DATA CENTER

Stored Value Solutions has further strengthened its position in China with the launch of a new data center in Shanghai. The data center complies with local regulations, which stipulate that any new card issued in China must be processed within the country. SVS already has a busy regional office operating out of Shanghai. Vice President of Business Development for the Asia Pacific region, Shoney Yuan, explains that the investment in this data center is part of the SVS long-term strategic vision for the region.

Suncoast Schools FCU Change

The board of directors and senior management of Suncoast Schools Federal Credit Union, the largest credit union in the state of Florida, chose to pursue the state charter conversion vote to enable the credit union to serve all residents of 17 counties located near or along the west coast of Florida. This change will allow Suncoast to enhance its presence in and commitment to their communities that it currently serves. VR Election Services facilitated the vote to ensure integrity in the process.

Payelp Announces Latest Membership Partner

Payelp Global payment and business development platform partnered Onebip by Neomobile global mobile payment service. Onebip, which started in 1995 as the first mobile payment service worldwide, is connected to over 250 carriers with 5 billion users in over 70 countries. Onebip, part of global mobile commerce group Neomobile, has offices in Rome, London, Mexico City, Sao Paulo, Madrid, Berlin, Paris, Bogota, San Francisco and more. Onebip enables merchants to monetize digital goods and services to their users on a global scale using carrier-billing technology. As a leader in Europe and Latin America, Onebip has successfully supported the growth of many online gaming and entertainment businesses on mobile with an advanced technology platform. Payelp Global (aka “Payelp”) processes more than 500,000 transactions per minute- the payment and business development service is available in 74 countries worldwide and is constantly expanding.

Mozido Appoints Former First Data Head Chairman

Mozido announced today that it has received the first $30 million of a committed $70 million round of financing led by a Boston-based investment advisor with assets under management of over $500 billion. This funding will allow Mozido to accelerate its growth both organically and through strategic acquisitions. The announcement brings total funding of the company to over $100 million with participation from Brentwood Investments, TomorrowVentures, Atlanticus Corporation and Bob Turner personally of Turner Investments.

WesPay to Buy Viewpointe Regional Payments

Viewpointe has reached an agreement with WesPay (Western Payments Alliance), a membership association promoting the best use of electronic payments, whereby WesPay will acquire the assets of Viewpointe’s Regional Payments Association (RPA). Terms of the deal were not disclosed. Both organizations are working diligently to complete the conditions of closing by year end. When closing conditions are met and the deal is completed, WesPay will retain full ownership of the assets. The expanded association will continue to do business as WesPay. Viewpointe’s Regional Payments Association provides education on the latest payments topics and certification preparation for payments professionals; offers expert-led ACH audit and compliance services for financial institutions, payments processors and businesses using ACH; and provides industry-level member advocacy and input into the ACH Rules-making process as a voting member of NACHA”The Electronic Payments Association.

Spending Intentions, Confidence Up in November

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor was up 1.1 points in November to 89.0 along with consumer confidence in the economy and spending intentions. There was a significant increase in the number of respondents anticipating they will spend more during December, leading up to the holidays. The Monitor is a 6-year-old daily…

ACL Launches P-Card Fraud Tool

Procurement cards (P-Cards), ACL has made available its P-Card Fraud procurement card solution. Designed to prevent fraud, improve policies, and promote cost management, ACL’s all-in-one package provides the tools, training, and consulting expertise to manage more than 20 fraud-related risks inherent in the use of P-Card programs. According to ACL’s 2013 GRC Technology Pulse Survey of 2,200 audit, risk management, and compliance professionals, risk related to internal fraud and abuse is an area of highest concern. Fraudulent use of P-Cards ranks among the most commonly occurring types of employee fraud.1 If any risk exists for this type of activity to become widespread within an organization, not only can the total monetary losses become considerable, but a culture that promotes fraudulent behavior can also become prevalent.

TSYS Named to The Civic 50

TSYS has been recognized as one of America’s most community-minded companies in The Civic 50, an annual initiative that identifies and recognizes companies for their commitment to improve the quality of life in the communities where they do business. The survey was conducted by the National Conference on Citizenship (NCoC) and Points of Light, the nation’s definitive experts on civic engagement, and published by Bloomberg News. This year’s Civic 50 applicants were evaluated and accrued points based on several criteria, including financial and human resources applied to civic improvement, how broadly community engagement is supported and institutionalized within a company’s policies, systems and incentives, and how a company measures the social and business value of its community engagement programs.

Western Union ATM Transfers Hit New Market

Western Union global payment services now has more than 80,000 ATMs and self-service terminals around Europe and CIS with Eastern Europe being the strongest contributor to this number. In Russia, Western Union has recently successfully launched Western Union money transfer sending service through Petersburg Social Commercial Bank (PSCB) payment terminals and Comepay self-service terminals network. According to these new agreements, the Western Union Money Transfer service is available at 1,400 PSCB payment terminals mostly in St. Petersburg region and more than 30,000 Comepay self-service terminals across Russia. Across Europe and CIS Western Union works with partners from the banking industry offering money transfer service at over 33,000 ATMs of Privatbank in Ukraine, Banca Transilvania and BRD in Romania, Garanti and Akbank in Turkey, Banca Intesa and Unicredit in Italy, Bank Zachodnyi in Poland, Bank of Georgia and at self-service terminals of Erste Bank in Austria.

WesPay to buy Viewpointe Regional Payments

Viewpointe payments provider reached an agreement with WesPay (Western Payments Alliance), a membership association promoting the best use of electronic payments, whereby WesPay will acquire the assets of Viewpointe’s Regional Payments Association (RPA). Both organizations are working diligently to complete the conditions of closing by year end. When closing conditions are met and the deal is completed, WesPay will retain full ownership of the assets. The expanded association will continue to do business as WesPay. Viewpointe’s Regional Payments Association provides education on the latest payments topics and certification preparation for payments professionals; offers expert-led ACH audit and compliance services for financial institutions, payments processors and businesses using ACH; and provides industry-level member advocacy and input into the ACH Rules-making process as a voting member of NACHA”The Electronic Payments Association.