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

Byblos Bank Deploys Gemalto Bio-Sourced EMV Payment Card

Gemalto and Byblos Bank joined forces to launch the Middle East’s first bio-sourced EMV payment cards in Lebanon. Working with Gemalto’s local partner Unilux Cards, Byblos Bank plans to migrate 80% of its entire banking card portfolio to Gemalto’s Clarista bio-sourced payment cards within the next three years. The new cards will be replacing the conventional plastic card body with renewable materials that are easily recyclable and compostable. The bank has already started offering the Clarista bio-sourced cards as a standard to all new cardholders, and will be steadily switching the existing Byblos Bank debit, credit and prepaid cards to the bio-sourced alternative, as they become due for renewal. Holders of the new bio-sourced cards will be automatically enrolled in the Bank’s existing Card Loyalty Program, which offers a wide range of rewards such as travel points or miles.

USA Technologies Posts Revenue Up 23% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies wireless, cashless payment and M2M telemetry solutions posted a fiscal 1Q/14 23% increase in license and transaction fee revenues to $8.5 million. Meanwhile, there was a 21% increase in total revenues to $10.1 million and a net income of $293,654 from $39,140. License and transaction fee revenues, which represented…

Trust One Payment Services Appoints Seasoned VP, Operations

Trust One Payment Services credit and debit card transaction processing company Charge Payment Appointed Michael Campbell VP, Operations. Bringing more than 25 years’ experience in the payments processing industry, he has developed an outstanding reputation for his work, particularly in risk management, fraud, credit, portfolio management and acquisition, analytics and policy. Since April 2012, he has served as a Senior Risk Consultant for The Strawhecker Group, a management consulting company focused on the global electronic payments industry. He was most recently Chief Credit Officer and Head of Merchant PCI at WorldPay. This after having served as VP, Credit with Chase Paymentech Merchant Services, and VP, Head of Credit, at Chase Merchant Services.

Trust One Payment Services Appoints Seasoned VP, Operations

Trust One Payment Services credit and debit card transaction processing company Charge Payment Appointed Michael Campbell VP, Operations. Bringing more than 25 years’ experience in the payments processing industry, he has developed an outstanding reputation for his work, particularly in risk management, fraud, credit, portfolio management and acquisition, analytics and policy. Since April 2012, he has served as a Senior Risk Consultant for The Strawhecker Group, a management consulting company focused on the global electronic payments industry. He was most recently Chief Credit Officer and Head of Merchant PCI at WorldPay. This after having served as VP, Credit with Chase Paymentech Merchant Services, and VP, Head of Credit, at Chase Merchant Services.

Fime Establishes Discover Contactless Testing

Advanced secure-chip testing provider, FIME, has established a testing infrastructure and conducted laboratory test services for the Discover contactless D-Payment Application Specification (D-PAS) products. This will verify that these products meet robust security requirements, international industry standards and achieve global market interoperability. FIME prepared a contactless D-PAS test specification for both chip-based payment cards and acceptance terminals, which formed the basis of FIME’s work to develop and launch a customised test plan and test tool, which will be used by FIME’s laboratories, product developers and acquiring banks to confirm that Discover contactless products perform as intended once launched.

DAB Bank Continues First Data Processing

First Data electronic commerce and payment processing renewed its processing contract with DAB Bank AG, a subsidiary of UniCredit Bank AG and part of UniCredit Group, for a further five years. First Data will continue to be responsible for delivering card processing services for DAB Bank AG’s MasterCard Classic, MasterCard Gold, MasterCard Platinum and MasterCard World Signia. First Data will also continue to provide a range of technical services for processing electronic payment transactions including account processing, authorizations, transaction processing, accounting and fraud prevention, as well as operational services such as contact centre services, emergency card replacement services and disputes handling for DAB Bank AG cardholders.

D-PAS Testing Established

Advanced secure-chip testing provider, FIME, has established a testing infrastructure and conducted laboratory test services for the Discover contactless D-Payment Application Specification (D-PAS) products. The test framework will verify that these products meet robust security requirements, international industry standards and achieve global market interoperability. Using its expertise as an approved laboratory and test tool provider for the payments industry, FIME prepared a contactless D-PAS test specification for both chip-based payment cards and acceptance terminals.

MasterCard Study Shows European Consumer Spending Habits

MasterCard announces the findings of the first MasterCard Treat Index showing over half of Europeans view buying themselves a treat as a basic right. The European-wide study of over 12,000 credit card holders across eight countries highlights that shoppers continue to invest in personal purchases, spending an average of €51 at least once a month on a little something for themselves. Despite region-wide economic difficulties, Europeans have been reluctant to give up their treats, with more than one in five claiming they still spend money on themselves despite knowing they should be watching the pennies.

Western Union Announces Typhoon Support Relief Efforts

Western Union launched its multi-faceted response program that will provide support for disaster relief efforts that target the families and communities most affected by Typhoon Haiyan in the Philippines. The program includes grant funding from The Western Union Foundation and a consumer no-fee* activation initiative, as well as Western Union® employee and retail Agent giving elements. The Western Union Foundation is making a grant of US$100,000 to Save the Children to support the organization’s immediate response activities in the Philippines, which include providing emergency materials, meals and water to disaster victims. For the benefit of consumers sending money to family and loved ones in the Philippines, The Western Union Company will activate a no-fee* money transfer transaction program from participating Agent locations in the Caribbean, Cyprus, Greece, Italy, Malaysia, Portugal, Singapore, the United Kingdom and the United States, through November 30, 2013.

Allied Wallet Showcased in mDevelopment Mag

Webundmobile Magazine featured Allied Wallet for their e-commerce payment solution and international credit card processing. Allied Wallet’s global, e-commerce payment solution has been growing vastly across the European Union and is being adopted by many German websites for credit card processing and alternative payment processing solutions for international transactions. Integrating Allied Wallet’s payment solution is simple with a short API integration, and it offers web developers an opportunity to earn a monthly residual. By referring their merchant to Allied Wallet’s e-commerce payment solution, developers will earn residual income long after their project is complete.

Datacard to Host Secure ID Workshop @ CARTES

Datacard Group secure ID and card personalization solutions announced that they will be hosting a secure ID and credential workshop at CARTES Paris 2013, led by its VP, government marketing. The hour-long session will feature a panel of experts from CryptoVision, 3M, NXP Semiconductors and Datacard Group that will bring diverse perspectives and insights regarding security, efficiency and quality in citizen identity programs. Attendees of this interactive session will have the opportunity to ask questions, share thoughts and learn about how to build security into every stage of the production process. In addition, they will discuss the importance of efficiently capturing high-quality images, biometrics and biographical data elements; and how to simplify the increasingly complex credential management infrastructure so that organizations can ensure citizen security and privacy.

Miura Launches mPOS-ePOS Terminal

Miura Systems secure electronic payment hardware to the world’s leading mPOS payment providers, has announced the latest additions to its innovative product range, delivering lower total cost of ownership, greater innovation and flexibility to all retail sectors. Miura powers payments for blue chip payment providers including Worldpay, Paypal, Payleven, Adyen, iZettle and Intuit. Over 75 per cent of the leading mobile Chip & PIN payment service providers worldwide have utilised the powerful Shuttle platform and today, Miura unveils a new product, the M007. This device brings MPOS functionality directly to mainstream retail with its ability to balance the high demands of volume payment processing whilst retaining flexibility to be mobile and be integrated with the multitude of peripherals used in today’s complex payment environments. The same M007 that services the traditional Point of Sale can now be integrated with smart devices like a cash-register-ready tablet or smartphone to go completely mobile.