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

Travelex Partners OKI for Regional Expansion

Travelex Japan, one of the largest merchants specializing in currency exchange, announced the installation of OKI’s RG7 Currency Exchanger at two stores at Narita International Airport. Travelex began operating the RG7 Currency Exchanger located at Terminal 1 on July 19; the second machine, located at Terminal 2, is slated to begin operating July 26. The RG7 Currency Exchanger currency exchange machine is capable of simultaneously recycling deposits and accommodating withdrawals between Japanese yen and multiple foreign currencies, thereby automating exchange tasks and accelerating the pace of foreign currency exchange transactions. The deployment of these two machines follows the installation of the RG7 Currency Exchanger at the Haneda Airport International Terminal Station; the latter machine began operating March 4. Travelex and OKI plan to capitalize on the partnership and deploy additional machines.

FleetCor Inks Visa Europe Partnership Agreement

FleetCor Technologies fuel cards and workforce payment products to businesses signed a long-term agreement with Visa Europe. FleetCor will utilize its Global FleetNet (“GFN”) fuel card processing system together with Visa Europe’s EMV standard chip and PIN intelligent technology to deliver new fuel card solutions across Visa Europe territories. The companies plan to develop new fuel card propositions together with the first planned implementation in FleetCor’s Allstar business in the UK. Allstar will be the first to offer this Visa Europe chip and PIN technology in the commercial fuel card space.

TSYS Posts 2Q/13 Results, NetSpend Acquisition Impact

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS reported results for the second quarter of 2013 and raised its 2013 guidance to include the acquisition of NetSpend Holdings. For the second quarter, total revenues were $478.4 million, an increase of 3.4% as compared to 2012. Total revenues were impacted by a decrease of $3.0 million in reimbursable items…

TSYS Posts 2Q/13 Results, NetSpend Acquisition Impact

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS reported results for the second quarter of 2013 and raised its 2013 guidance to include the acquisition of NetSpend Holdings. For the second quarter, total revenues were $478.4 million, an increase of 3.4% as compared to 2012. Total revenues were impacted by a decrease of $3.0 million in reimbursable items…

TSYS Posts 2Q/13 Results, NetSpend Acquisition Impact

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS reported results for the second quarter of 2013 and raised its 2013 guidance to include the acquisition of NetSpend Holdings. For the second quarter, total revenues were $478.4 million, an increase of 3.4% as compared to 2012. Total revenues were impacted by a decrease of $3.0 million in reimbursable items…

TSYS Posts 2Q/13 Results, NetSpend Acquisition Impact

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] TSYS reported results for the second quarter of 2013 and raised its 2013 guidance to include the acquisition of NetSpend Holdings. For the second quarter, total revenues were $478.4 million, an increase of 3.4% as compared to 2012. Total revenues were impacted by a decrease of $3.0 million in reimbursable items…

Groupon Expands Free Breadcrumb POS App

Groupon announced major additions to its free Breadcrumb POS (breadcrumb.groupon.com) iPad point-of-sale app that provide the most popular types of local businesses with a pre-built, customizable experience adapted to their specific industry. With Breadcrumb POS v.1.2, hair and nail salons, spas, studios, wine bars, cafes and retail establishments now have their own point-of-sale experience designed for their unique merchant environments. Thousands of Menu Items to Load or Choose From – Breadcrumb POS comes with seven preloaded menus and inventory lists for the most popular types of local businesses, enabling merchants to start running their systems within minutes; merchants can also now add, scroll and search thousands of menu items. Breadcrumb POS comes with seven preloaded menus and inventory lists for the most popular types of local businesses, enabling merchants to start running their systems within minutes; merchants can also now add, scroll and search thousands of menu items.

Cardlytics Appoints New CFO

Cardlytics Card-Linked Marketing named Jim Morgan as its first Chief Financial Officer (CFO). Mr. Morgan will lead the finance and accounting teams at Cardlytics, and will be based in Atlanta. Jim joins Cardlytics from Liaison Technologies, Inc., a data management and integration company, where he led global finance and human resources after the company’s acquisition of nuBridges, Inc. in 2011, and where he had been CFO and Corporate Secretary. Jim holds an MBA from UCLA Anderson School of Management and a BS in Industrial Engineering from Stanford University.

Fiserv Announces Latest Account Processing Clients

Fiserv announced First Federal of Bucks County and United Community Bank implemented its “DNA” account processing platform from Open Solutions. The $678 million asset First Federal Bucks County and $523 million asset United Community Bank both cited the real-time processing capabilities, open architecture and intuitive design of DNA as factors influencing their system selections. Recognized by industry leading analysts for its best-in-class technology, user experience and breadth of functionality, DNA is the first open, relationship-centered core banking platform built for global collaboration. The platform employs a real-time, relational data model designed around the person, not the transaction. Account information is updated in real-time across all channels so that customers can access up-to-the-minute balance and transaction data at the ATM, over the phone, from a computer or on a mobile device.

FreedomPay Appoints New Chief Business Development Officer

FreedomPay has appointed Rodney Bowen-Wright as Chief Business Development Officer. Bowen-Wright is a highly-experienced leader with proven success in global sourcing, business incubation, evaluation of next generation strategic investments in the areas of Mobility, Digital Media, Internet, Business Applications and other market domains. Throughout his career, he has been responsible for driving customer focused Market Research Definition (MRD), translating business into technical specifications and driving the resulting product development. He brings more than 15 years of experience in technology leadership to his new role where he will leverage his deep expertise and understanding of customer needs to create effective go-to-market and partnership strategies that drive business growth both for FreedomPay and its partners. Rodney holds an MSEE degree in Computer and Electrical Engineering from the University of Nebraska.

Kitchen Brains Announces NEC POS Partnership

Kitchen Brains, a global leader in the development and deployment of integrated, end-to-end, wireless M2M networking solutions and SaaS applications, announced the addition of NEC Corporation of America to its POS (Point of Sale) Partnership Program. NEC is a leading POS solution provider for the quick-service and fast-casual restaurants, with more than 400,000 POS systems installed worldwide. The partnership between the companies now gives current NEC customers the ability to seamlessly implement Kitchen Brains® Quality Production Management (QPM), thus providing full coordination and visualization of food production processes. Current QPM customers looking to change POS vendors will now be able to partner with NEC in order to integrate a complete kitchen management solution. With over 40 years experience, NEC’s quality POS solutions enable the world’s largest retailers and restaurants to maximize performance and profitability by boosting store performance, reducing operating costs and facilitating quick and efficient services for both single- and multi-store operations.

NCR Interactive Video Technology Earns Innovation Award

North Peace Savings and Credit Union (NPSCU) has won the National Credit Union Innovation Award, Canada, for its implementation of interactive video technology from NCR Corporation, the global leader in consumer transaction technologies. In the 12 months after installing the technology, nearly half of NPSCU’s retail members used the solution and provided a satisfaction rating of 79.1 percent; NPSCU saw net assets grow 13 percent and membership grow 5.7 percent as a result of the technology. NPSCU’s personal teller machines (PTMs) are based on the technology behind NCR APTRA Interactive Teller, which connects individuals to a live, remote teller via a two-way video/audio conversation over an ATM. The remote tellers have full control of ATM functions, creating an interactive experience in which members can complete more than 95 percent of typical branch transactions and do them faster – with transaction times typically 33 percent faster than an average teller interaction.