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

MasterCard Demonstrates Payment Innovations

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard is making paying easier, demonstrating at the Innovation Showcase consumer shopping experience a glimpse into the products and services that transform the shopping experience and enhance convenience and security for consumers. Its 10 innovations include “ShopThis!” with MasterPass on the Intel and PhiSix Fashion Labs for a fully interactive 3D…

Webspace Commerce implements Jumio mCard Scanning

Jumio online and mobile credentials management has been selected as its technology partner to help sites running Magento reduce cart abandonment and increase checkout conversion. WebSpace Commerce (WSC) is one of the leading developers and consultants for the global Magento open source ecommerce platform operated by 150,000 merchants. WSC will be working with Magento sites to implement Jumio’s Netswipe card scanning technology. Jumio’s Netswipe works as an integrated option in merchants’ checkout process to give shoppers a quicker checkout process by using their mobile device’s camera to scan their payment card instead of manually entering their information. By removing the payment friction inherent in card data entry, Jumio clients enjoy checkout conversion improvement of 20% or more.

Dell SecureWorks PCI Approved

Dell SecureWorks has been approved as a PCI Forensic Investigator (PFI) by the PCI Council. Dell SecureWorks is one of only 11 PFIs in the U.S. With an entire practice dedicated to Incident Response (IR) and Digital Forensics, Dell SecureWorks can service any entity within the U.S. and can be on site within 24 hours. Any entity that stores, processes, or transmits payment card data and is the subject of compromise affecting payment card transactions or cardholder data is required to use a PCI Forensic Investigator to perform a forensic investigation. Dell SecureWorks can investigate and remediate breaches for organizations of all sizes. Sophisticated attackers hide malware in multiple places, and their tools, tactics and procedures (TTP) are always evolving. The Dell SecureWorks Counter Threat UnitTM (CTU) constantly gathers intelligence about threats actors and TTP as it actively monitors the global cyber threat landscape. Working closely with the CTU, the Dell SecureWorks IR teams contain threats and resolve security incidents quickly.

First Data Releases August SpendTrend

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] First Data Corporation released its First Data SpendTrend analysis for August, 2013 compared to August, 2012. Tracks same-store consumer spending by credit, signature debit, PIN debit, EBT, closed-loop prepaid cards and checks at U.S. merchant locations, First Data found August dollar volume growth was 7.3%, a slowdown compared to July’s 7.7%…

ClearXchange Names New CEO

clearXchange, a joint venture among Bank of America, Wells Fargo and JPMorgan Chase, named Michael Kennedy CEO. Kennedy co-founded and served as chairman of clearXchange while working as executive vice president and head of Innovation and Payments Strategy for Wells Fargo Bank. As CEO, Kennedy will devote 100 percent of his time to leading clearXchange. He will be based in San Francisco. As executive vice president and head of Wells Fargo’s Innovation and Payments Strategy, Kennedy drove mobile and emerging payments, strategy across all payment products, and technology research and development. Prior to this role, Kennedy led strategy and implementation for Wells Fargo’s Wealth Management group, which he joined in 2004. He earned his Bachelor of Science with distinction and Masters of Science degrees in Industrial Engineering from Stanford University and his MBA with distinction from Harvard Business School.

Wildfire CU Deploys Fiserv Processing

Fiserv announced Wildfire Credit Union selected its “DNA” account processing platform and a comprehensive set of integrated solutions from Fiserv to better serve its more than 37,000 members. The “DNA” platform from Fiserv is the first open, person-centric core banking platform built for global collaboration. DNA was completely rewritten using C# within the .Net framework for a state-of-the-art core platform that banks and credit unions can rely on for the long-term. With DNA, clients benefit from 24/7 real-time processing, robust retail, mortgage and commercial banking capabilities and a 360 degree view of retail and business relationships. Wildfire will also implement “Nautilus” enterprise content management, Prologue™ financial accounting, ConvergeIT® interactive voice response, AML Manager anti-money laundering and the CRM/BI suite for DNA.

ACI Worldwide Makes Call for Excellence Awards Submission

ACI Worldwide payment systems made an open call for submissions to the 2014 ACI Excellence Awards. Now in its fifth year, the Excellence Awards recognize banks, processors and retailers for new, innovative and transformative implementations of ACI solutions. Selected by a panel of leading industry influences, this year’s categories include: Enterprise Payments; Retail Payments; Wholesale Payments; Mobile Banking and Payments; Electronic Bill Presentment and Payment; Online Banking; Merchant Retail; Payments Fraud Management; Product and Service Innovation; Customer Experience and Operational Excellence.

Paydiant Announces $15mm Funding

Paydiant cloud-based mobile wallet and cardless ATM access closed a $15 million round of funding from North Bridge Venture Partners, General Catalyst Partners, Stage 1 Ventures and two of Paydiant’s customers. Paydiant’s platform is currently deployed in partnership with prominent card-issuing banks, retailers, restaurants, merchant processors, debit/ATM networks and POS providers. The company was recently awarded a comprehensive mobile wallet patent for conducting payments in store, online and for pay-at-the-table transactions. With Paydiant, retailers and banks can begin signing up consumers today for mobile payments for multiple smartphone operating systems and smartphone to POS interfaces like 2D codes and NFC.