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.

Nilson Ranks Citi Top Corporate Card Issuer

Citi has been ranked as the number one Corporate Card issuer in the U.S. by The Nilson Report. Citi Commercial Cards, with issuance capabilities in over 100 countries and an extensive proprietary local currency network of 67 countries, has long been considered a pre-eminent commercial cards provider to large and multi-national organizations both in the U.S. and globally. As a leading Commercial Card issuer, Citi is at the forefront of providing solutions, including Corporate T&E, Purchasing Card, and ePayables programs that offer greater control, visibility and optimization to help clients maximize their efficiencies and expand their opportunities. With our broad reach, international network, and advanced payment, reporting and expense management tools, Citi continues to raise the bar for commercial card programs.

ATMIA Publishes ATM Explosion Protection Manual

ATMIA announced the publication of a new best practice manual for helping the prevention of gas and explosive attacks on ATMs. Alongside these best practices ATMIA has published a directory of special solutions for these attacks. Explosive attacks against ATMs are of growing concern globally and are particularly prevalent in Europe. The use of explosives, predominantly combustible gas and with a proportional migration to solid explosives, is a recognised trend for the ATM industry in Europe. The 16-person Steering Committee is comprised of representatives from banks, independent ATM operators, ATM schemes and law enforcement from six countries.

Western Union Offers Zero Transfer Fee Coupon

In response to the catastrophic flooding caused by tropical storm Maring in the Philippines, The Western Union Company is offering a coupon code for a fee free1 money transfer to help Filipino flood victims. Western Union is also implementing a ‘zero transfer fee’ coupon that can be used for all money transfers sent from the United States to the Philippines through participating Agent locations,, and the company’s mobile app beginning Monday, Aug. 26 through Friday, Aug. 30, 2013. The coupon code is: FLOODRELIEF. Money is available in cash for pick up in minutes2 at any of the more than 8,300 Agent locations in the Philippines, or can be sent directly to a Philippine bank account by initiating a Western Union® Direct-to-Bank money transfer.

Paymobile Wins Angry Birds Prepaid Visa Card Contract

Paymobile white label mobile wallet solution partnered Finland based global entertainment company Rovio Entertainment, for an Angry Birds prepaid Visacard. An increasingly attractive lifestyle choice for people seeking to manage their personal budgets, the personalized prepaid Angry Bird branded Visa card helps control family spending, provides an alternative payment method when traveling and enables safe online purchases. The Angry Birds Visa card will be available online at on September 16 offering text message notification upon purchase, spending visibility online, money management tools and education, adjustable spending caps, smartphone account access and Visa’s zero liability protection.

Downward Trend Continues on Unemployment Front

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total nonfarm payroll employment increased by 162,000 in July, and the unemployment rate edged down to 7.4%. The number of unemployed persons, at 11.5 million, and the unemployment rate, at 7.4 percent, edged down in July. This, according to the U.S. Bureau of Labor Statistics, also showed the number of long-term…

HybridPayTech Deploys Vodafone mPayments

HybridPayTech mobile payment space selected Vodafone’s global machine-to-machine (M2M) platform to provide connectivity for its pioneering mobile payment service. The service allows businesses to equip mobile employees with smartphones or tablets that can securely process credit and debit card payments globally using Vodafone’s network. This will allow businesses to fully embrace mobile payments for the first time while also introducing new revenue stream and improving the customer payment experience. HybridPaytech provides the world’s first completely secure, end-to-end mobile payment service that can process both credit and debit card transactions.

Loomis Implements Fiserv Item Processing Solution

Fiserv announced Loomis Armored US doubled its item processing volume in 2012 to an average of more than 7 million items a month. Loomis is the international leader in the cash handling services industry and implemented Branch Source Capture™ from Fiserv in 2007 to build its high-volume item imaging business, which automates processing in an outsourced vault environment for retailers and financial institutions. Loomis uses Branch Source Capture from Fiserv, a Web-based solution that facilitates remote capture, item correction, batch and deposit balancing, and image quality control. Loomis serves some of the nation’s largest banks, which often require highly customized information for their corporate and government customers. Fiserv customizes the output needed by Loomis’ bank cash vault clients – scanning, correcting and balancing check deposits to the exact specifications requested.

JetPay Inks Agreement on Flexpoint Ford

JetPay® Corporation announced that Flexpoint Ford, a private equity firm focused on the financial services and healthcare sectors, signed a definitive agreement on August 22, 2013 to invest up to $40 million in the company through the purchase of Series A convertible preferred stock. This investment will be used to retire up to $16 million of currently outstanding debt with the remainder available to invest in the company’s growth. The transaction is expected to close in the next 45 days.

MoneyGram Renews Another FCU Agreement

MoneyGram renewed its official check processing agreement with Mountain America Credit Union. This agreement includes the signing of a multi-year contract extension to offer processing and program management for Mountain America’s official bank checks. It also leverages MoneyGram’s PrimeLink® Official Check outsourcing solution, which includes daily balancing and reconciliation, inventory management, real-time updates and a state-of-the art online platform. MoneyGram has worked with Mountain America since 1997 in support of Mountain America’s official check program and through its efforts has helped the company prevent fraud losses through timely detection of fraudulent transactions.

Supermarket Chainto Pilot Paydiant mWallet

Paydiant cardless ATM access and offer redemption platform announced that Harris Teeter, Inc., a Mid-Atlantic grocery chain that operates over 200 stores in eight states and the District of Columbia, will deploy a pilot of Paydiant’s white label mobile wallet as part of their Express Lane™ online shopping service in Matthews, N.C. beginning this month. The pilot store is located in Matthews Festival Shopping Center at 1811 Matthews Township Pkwy. The initial deployment will allow Harris Teeter Express Lane customers to use the Harris Teeter mobile wallet called “HT Express Pay” to pay for groceries ordered online. Payment will occur from within a customer’s vehicle at Express Lane curbside pick-up locations. Once the Harris Teeter mobile wallet app is downloaded to the customer’s iPhone® or Android™ smartphone and payment cards are linked to the wallet, the customer will simply scan a QR code presented to them on a Verifone® handheld mobile point of sale device. From there, the customer uses the mobile wallet to choose which of their major credit cards to use to complete the transaction, taps the “pay” button, and then a digital receipt is automatically sent to the customer’s mobile device.

Card Processing More Dynamic with Advances

With banking industry umbrella body the Payments Council predicting that the number of cash payments made by consumers in the UK will fall by a third by 2022, and that their use of cards to make even small transactions will rise by more than 75 per cent* over the same period, Payment Sense believes that retailers who don’t take such payments are risking missing out on a huge chunk of this rapidly-growing source of income. According to PaymentSense, e-commerce enabler and provider of card processing technology, concludes there’s no reason for businesses of any size to find themselves penalised by not being able to take card payments, either using the widely-known chip-and-PIN machines, or other methods of online payment authentication technology, especially as the technology involved can be quickly installed in any business’s premises, and is purposely designed to make it easier to reduce payment errors and ensure proper reconciliation at the end of every trading period.