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

Windows Phone Announces Seamless Payments

Seamless payment solution for mobile telephones, SEQR, is to be launched for both Windows 8 and Windows Phone, and will be integrated with Windows Phone Wallet. Seamless was founded in 2001 in Sweden, and now has a presence in around 30 countries. The launch of SEQR on Windows platforms is strategically important in order to consolidate the position of Seamless as the leader for mobile payments. SEQR will be implemented in Microsoft’s app-stores, Windows Store and Windows Phone Store in all Seamless markets in 2013.

PSI-Pay Deploys MasterCard PayPass

PSI-Pay e-wallet and payment card issuer announced its contactless payments with its cards in conjunction with MasterCard’s PayPass functionality. PayPass allows PSI-Pay cardholders to make purchases for under $20.00 by tapping the MasterCard or Maestro-enabled card or device over a reader. MasterCard’s PayPass technology is integrated with layers of protection to help prevent unauthorised purchases and contactless payments can be made via cards, and enabled wristbands and watches. Contactless payments are made using a unique encrypted code to secure data and safeguards are also in place to bill only one in case a user taps their card or device more than once by mistake.

Commerce Bank Launches Visa Signature Card

Commerce Bank is offering a Visa Signature Rewards credit card to alumni and friends of Southern Methodist University (SMU). The card offers high reward point values and unlimited earnings, as well as no annual fee. Cardholders are able to redeem points for cash, gift cards, merchandise, or travel. Additional Signature rewards and benefits include 24/7 concierge service, exclusive perks, such as special offers on travel, sports, and entertainment, and the Visa Zero Liability coverage. SMU has a current enrollment of more than 11,000 students and an alumni network of more than 100,000 graduates. The SMU Visa Signature card is accepted anywhere Visa cards are accepted.

Morpho Opens NFC Data Center

Morpho (Safran), a leading supplier of high-tech solutions in security, mobility and payment, has just opened in Taubaté, São Paulo, Latin America’s first data center for Trusted Service Management (TSM) technology. The unit, which represents a part of the 3.5 million euros to be invested in Brazil, will provide the infrastructure for all businesses that need secure and convenient electronic mobile payment solutions via NFC, including banks, telecom operators and public transportation. Morpho’s Taubaté data center will enable these customers to streamline projects and releases with TSM technology and accelerate their implementation and operation. This will transform the user’s mobile phone into an electronic wallet with various payment and access features.

NCR Partners Bank to Increase ATM Network Security

NCR Corporation partnered Sparkasse KölnBonn to deploy “SelfServ 26” advanced cash dispense ATMs. Featuring an integrated anti-skimming solution, backed by NCR Second Line Maintenance (SLM) and installation services, “SelfServ 26” ATMs offers a secure and reliable customer experience. With a self-healing technology allows the ATMs to automatically and quickly recover from “soft” failures with no need for service intervention, and a typical Second Line Maintenance response time of 4 hours ensures maximum uptime, thus increasing the return on investment of the ATM network. NCR can pre-install the systems in the central warehouse of the bank, connect each of them to the data center, test and then deliver the already operational NCR SelfServ systems and install them on site. The time required for the software installation of the self-service systems, which normally takes three and a half hours, is reduced to only ten minutes.

Visa Shows Americans to Spend 40% More Traveling

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The Visa Global Travel Intentions Study 2013 shows U.S. travelers crave culture, are tech savvy and plan to significantly increase their travel budget on their next international trip, with 40% more on their next international trip compared to their last trip, opposed to travelers outside the U.S. who plan to increase…

Discover Makes Available Home Equity Loans

Discover Financial Services introduced Discover Home Equity Loans to bridge the gap between its personal loan and home loan products. Originated by Discover Bank, Discover Home Equity Loans offer homeowners the opportunity to simplify their finances, supporting home improvement projects, paying for major expenses, or consolidating debt into a single, fixed monthly payment. Discover assigns each homeowner to a Personal Banker to guide them through the entire process while giving them options to suit their specific financial needs. Homeowners have the ability to select from four payment terms and lock in at a competitive interest rate. Discover’s growing suite of direct banking products includes credit cards, home loans, private student loans and personal loans, as well as checking, savings and money market accounts.

Harland Financial Sees Strong ePayment Sales

Harland Financial Solutions has announced six new eBill Presentment & Payment deals for June 2013. eBill Presentment & Payment is Harland Financial Solutions’ electronic bill presentment and payment solution for small- to mid-sized billers. eBill Presentment & Payment will enable these financial institutions to offer their small- to mid-size business customers the ability to transform paper-based bills to smarter, more efficient and environmentally-friendly electronic bills that may be paid via online ACH, debit or credit card transactions.

Fundtech Announces Latest CASHplus Client

Fundtech transaction banking solutions announced First Bank has gone live with CASHplus Version 3.8. The turnkey cash management platform enables First Bank to deliver a scalable, flexible and customizable solution to the bank’s corporate customers. CASHplus provides regional and national U.S. banks with greater operational control and lower costs by centralizing and consolidating cash management on a single platform. First Bank implemented CASHplus Version 3.8 to extend new capabilities to the bank’s small business, mid-sized and large corporate customers. Features include multi-layered security, multi-browser support and enhanced entry screen layouts that even further improve usability.

NorsePayments Appoints VP, sales and marketing

NorsePayments appointed Marnie Keller VP, Sales and Marketing. Bringing a wealth of experience in developing sales, marketing and branding strategies for new and existing financial products, she will help to drive sales of future and current solutions, including its flagship nGate payment processing gateway. Other key product lines are eCommerceShield, which protects merchants from e-commerce fraud with three-layer security, and InstantAccept, a breakthrough in helping merchants sync their payment processing with Quickbooks recordkeeping. Keller also will apply her experience in channel sales, partnership development, brand strategy and marketing communications. She was previously VP, Relationship Management and Channel Development for Quatrro Processing Services (QPS), where she developed the channel sales program and pursued partnerships with technology solution providers for the Risk Management and Fraud division.

Travelex, MasterCard and Access Prepaid Intro Multi-Currency Card

Travelex joined MasterCard and Access Prepaid to introduce a new tool for international travelers with the launch of the new Multi-Currency Cash Passport Prepaid MasterCard. The new travel money card is the first of its kind available in the U.S. and can carry up to five foreign currencies simultaneously. The Multi-Currency Cash Passport is sold exclusively at www.travelex.com and more than 200 Travelex stores throughout the U.S, including locations in most major airports, cities and key tourist areas. Money can be seamlessly reloaded to the card online or in Travelex stores as needed (subject to card limits). Funds can also be transferred from one currency to another, particularly beneficial to multi-destination travelers.

B+S Intros Payment Terminals to New Market

B+S Card Service launched its PCI PTS 3.0 compliant VX820 DUET and VX680 payment terminals to the UK market offering its merchants greater speed and reliability for electronic payments. The VX820 is B+S’s premium class, contactless enabled, countertop terminal with an efficient, compact design whilst the VX680 is its contactless enabled mobile terminal that is highly suitable for use in the hospitality sector. The EMV approved VX820 incorporates a large 3.5″ colour touch screen display, integrated contactless reader and PSTN, ISDN and DSL connectivity options. Merchants can accept both MasterCard PayPass and Visa payWave contactless payments, as well as all major credit and debit cards. This includes China Union PayAmerican Express, Diners, and MasterCard and Visa debit cards. The new terminals operate on B+S’s infrastructure providing merchants with fast, secure and reliable electronic payment acceptance.