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.

Wincor Nixdorf Posts 3Q/13 Net Sales Up 5% Y/Y

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Wincor Nixdorf completed fiscal 2012/2013 with year-on-year growth of 5% in net sales and a significant increase of 31% in operating profit (EBITA). In total, net sales generated by the supplier of IT solutions for banks and retailers in fiscal 2012/2013 amounted to €2,465 million (prev. year: €2,343 million), while EBITA…

DataCash Announces Latest Payment Gateway Client

DataCash, a MasterCard Company, partnered with digital agency Tangent Snowball, to offer their existing clients the benefits of DataCash’s payment gateway. Tangent Snowball offers a unique range of services including bespoke enterprise e-commerce, built upon their open-source framework ‘Oscar’. Oscar is built for flexibility and is used in production by Tata Group, PepsiCo and Carlsberg amongst others. The new partnership with DataCash combines the passion from both companies to provide industry leading technology for online retailers. The collaboration will offer Tangent Snowball clients an enhanced ecommerce service through the DataCash payment gateway enabling a seamless, secure and inclusive payment experience which can be used across multi-channel platforms for both medium and large merchants.

ACI Completes Acquistion

ACI Worldwide announced it has completed the acquisition of Official Payments Holdings, Inc., a leading provider of electronic bill payment solutions. Under the terms of the agreement, ACI Worldwide acquired Official Payments in an all-cash transaction for $8.35 per share. Official Payments currently has more than 3,000 customers representing access to over 100 million end users. The company processes approximately 20 million payments and over $9 billion in volume annually.

Bank Better Initiative

BS Citizens Financial Group, Inc. announced the launch of Bank Better, a company-wide program to make banking simple, clear and personal for Citizens Bank and Charter One customers. Bank Better launches with a signature approach to overdrafts — no overdraft fee for transactions of $5 or less – and several other significant updates to the bank’s offerings.This feature applies to an unlimited number of transactions of $5 or less. Replacement of a tiered system of overdraft fees with a simple flat fee of $35 per item for overdrafts and returned items greater than $5. There are no changes to Sustained Overdraft Fees, which apply when an account is overdrawn by any amount, for three or more consecutive days. Complete overdraft policies will be available online starting November 8 when the simplified policies take effect.

MultiSIM Smart Card

All in one SIM card released by Oberthur Technologies Friday improves flexibility at warehouses and point-of-sale. The card contains the first classic 2FF, micro 3FF and nano 4FF all in one card. It is a key progress on the telecom market as it dramatically improves the user-friendliness of the SIM card. Concretely, it means that the same SIM card can be used in any mobile phone. If end-users want to change from one form factor to another, they do not need to ask their operator for a new SIM card but can just deplug or replug their MultiSIM.

Post Office Launches SME Card Payment Service

The Post Office has launched a new card payment service to help sole traders and small businesses accept card payments from their customers, in partnership with WorldPay payment processing. This allows small businesses a range of ways to take secure card payments made in-store, online, via mail or telephone order, or on the move – just by visiting their local Post Office. New WorldPay research has revealed that 87% of customers are likely to spend more money per transaction when paying with a debit or credit card, as opposed to cash. And in the last year, one in five (20%) UK consumers has had to abandon a purchase due to a small business or sole trader not accepting cards or because they weren’t carrying enough cash to pay*. Now small business owners will be able to easily sign up to take cards so they never miss a sale again.

PCI Data Security Standard

The PCI Security Standards Council (PCI SSC) published version 3.0 of the PCI Data Security Standard (PCI DSS) and Payment Application Data Security Standard (PA-DSS). Available now on the PCI SSC website, version 3.0 becomes effective on 01 January 2014. Version 2.0 will remain active until 31 December 2014 to ensure adequate time for organizations to make the transition. Changes are made to the standards every three years, based on feedback from the Council’s global constituents per the PCI DSS and PA-DSS development lifecycle and in response to market needs. Proposed changes for version 3.0 were shared publicly in August, and Participating Organizations and assessors had the opportunity to discuss the draft standards at the 2013 Community Meetings prior to final publication.

NFC Reference Guide

The NFC Forum announced the publication of the “NFC Reference Guide for Air Travel.” The new, comprehensive reference guide is available at no charge from the NFC Forum’s website. Potential uses of NFC technology for air travel that save time for passengers and streamline operations for airlines and other businesses include: NFC use for secure provision, storage, and reading of boarding passes on mobile devices; NFC on a mobile device to enable “tap-and-go” access to elite lounges; Airlines and airports using NFC to provide (and cancel) access to secured areas to staff via their mobile devices; NFC tags coded and embedded in luggage tags to quickly access baggage information and better track bags’ progress; Travelers tapping their NFC-enabled devices to enter a parking garage, pay at exit, or store parking details for later reference; NFC’s well-established payment applications for purchases in airport shops, and even on board the aircraft.


[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Discover U.S. Spending Monitor fell 3.8 points in October to 87.9, as consumer confidence in the economy and their personal finances slid to two-year lows. The decline in confidence correlates with a drop in discretionary spending intentions in most categories surveyed. The Monitor is a 6-year-old daily poll tracking economic…

American Express Partners Emirates

American Express welcomes Emirates Skywards to the industry-leading Membership Rewards program, letting members transfer points into the Emirates Skywards program and redeem Skywards Miles for travel on one of the world’s leading airlines. To celebrate the relationship, American Express and Emirates will offer a limited time transfer bonus. Eligible Card Members in the U.S, U.K and France who transfer points to Emirates Skywards between November 8 and 21 will receive a 25% bonus. During this promotion, eligible Card Members can transfer as few as 60,000 Membership Rewards points to Emirates Skywards and book an Economy Class return ticket on Emirates between JFK and Dubai.*Reward flights are available to over 136 destinations on the Emirates network.

Fiserv Names Group President, Depository Institution Services

Fiserv named Byron C. Vielehr group president of its Depository Institution Services group to oversee the Company account processing businesses, which serve banks, thrifts and credit unions. Bringing more than 25 years of technology and financial services experience to Fiserv, he most recently served as President of International and Global Operations for Dun & Bradstreet as Chief Information Officer in 2005 and then in leadership of its North American business, Global Risk Management Solutions, and D&B Sales and Marketing Solutions. Vielehr holds a master’s degree from The Wharton School of the University of Pennsylvania and a bachelor’s degree from Drexel University.