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 Inks M2M SPS Principal Member

Global payments and technology company MasterCard announced the appointment of M2M SPS, a leading provider of secure e-transaction processing solutions as its Principal Member in Morocco. As a new Principal Member of MasterCard, M2M SPS will be enabling its customers to leverage MasterCard’s acquiring and issuing capabilities across several merchants and e-commerce channels, backed by MasterCard’s support with a suite of advanced value-added services, technical support, training, and new payment platforms. With this enhanced collaboration, MasterCard’s point of sale will significantly increase across Morocco, thereby allowing more consumers to access MasterCard’s global payments network.

MasterCard Announces Newest Sponsorship Ambassador

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] MasterCard announces its newest ambassador, Sir Nick Faldo, golf legend and winner of six major championships — three Open Championships and three Masters — and more than 40 tournament victories. The newly minted relationship will add to the company’s roster of seven world-class golf ambassadors including Ian Poulter, Graeme McDowell, Camilo…

Fiserv Announces Latest DNA Bank Client

Fiserv financial services technology solutions announced First National Community Bank (FNCB) selected its “DNA” account processing platform from Open Solutions, now part of Fiserv. It was chosen based on its real-time, open architecture and seamless channel integration as factors that will help the bank increase efficiency and provide faster, more complete customer service. DNA from Fiserv is the first open, relationship-centered core banking platform built for global collaboration. The platform provides 24/7 real-time processing and is supported by an extendable relational data model designed around the person, not the transaction, so that FNCB staff can securely view complete profiles of their retail and commercial customers. A single database design easily integrates with customer facing channels to streamline operations, saving time for staff and customers.

Xoom Launches Mobile Remittance App

Xoom Corporation announced its free Xoom Money Transfer App is now available in Spanish for Android and iOS devices. Xoom launched its free App in English on June 18, providing a fast and simple method for on-the-go Xoom customers to send money to loved ones. Xoom is the first pure-play remittance provider to offer a Spanish-language App for Android and iOS phones. The Xoom App is unique in its simplicity, allowing Xoom customers to complete a quick send money transfer to their recipient with a “one tap and one swipe” manner. This slide-to-send technique allows Xoom customers to send a money transfer to an existing recipient in just seconds.

Chase Sapphire Preferred and Bravo Host “Top Chef Masters”

Chase Sapphire Preferred travel rewards card and Bravo Media co-hosted the “Top Chef Masters” Season 5 Premiere Tasting Event, July 16, in New York City. “Top Chef Masters” host Curtis Stone, new head critic Gail Simmons and eleven critically-acclaimed chefs, featured in the upcoming season, which begins July 24, mingled with attendees and offered for the first time ever dishes straight from the show. Building on the excitement of the event, Chase Sapphire Preferred announced a $25,000 donation to City Harvest, the world’s first food rescue organization, which is dedicated to helping feed more than one million hungry New Yorkers each year. Several chefs from the new season of “Top Chef Masters,” including Franklin Becker, Richard Sandoval and Sang Yoon, among others, recreated dishes featured in Episode One. Chef Jennifer Jasinski prepared orange and ginger caramelized skirt steak with a roasted mushroom fregola salad, while Chef David Burke surprised guests with “angry” “shrimp atop smoky white bean hummus.

NAB Selects NCR Predictive Services for ATM Uptime

NCR announced the National Australia Bank (NAB) will deploy NCR Predictive Services, a unique monitoring solution that predicts ATM hardware failures before they occur in order to maximize ATM uptime and provide a better customer experience. The technology increases ATM uptime by warning of the imminent failure of individual components, enabling repairs or replacements to be made before they put the machine out of service. NAB’s sister bank, Bank of New Zealand, was the world’s first bank to deploy the solution and has enjoyed significant improvements in the performance of its ATM network, including greater availability and lower operational costs. NCR Predictive Services provides detailed error information so that engineers with the right skillsets are dispatched with the right parts, increasing the proportion of faults that are fixed first time. At BNZ, NCR’s predictive technology raised ATM availability to 99 percent.

ZTE Launches Smartphone, Data Cards in New Market

ZTE Corporation telecommunications equipment, network solutions and mobile devices, launched a new range of smartphones and data cards in India to provide consumers in the country with a choice of high-performance devices to enhance their mobile experience. ZTE is offering six new smartphones, including the Quad-Core ZTE Grand X, featuring a brilliant 5-inch high-definition screen, in India, partnering with Calyx Telecommunications to make the devices widely available to consumers across the country. In addition, ZTE is introducing four new data cards together with partner Digilife to meet the needs of India consumers for high-speed data access. ZTE, one of the world’s Top 5 mobile handset and smartphone manufacturers, provides consumers around the world a wide choice of innovative and feature-rich devices, ranging from entry level to high-end smartphones, delighting users with thoughtful and intuitive design features that improve their mobile experience.

American Express 2Q EPS up 10% to $1.27, Cardmember Spending Up

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] American Express reported second-quarter net income of $1.4 billion, up 5% from $1.3 billion a year ago. Diluted earnings per share was $1.27, up 10% from $1.15 a year ago. Second quarter consolidated total revenues net of interest expense rose 4 percent to $8.2 billion, from $8.0 billion a year ago.…

Misys Names Global Sales Director

Misys announced the appointment of Paul Spiteri as the Global Sales Director for its commercial lending portfolio. The new role has been set up to address the increasing need for banks and financial institutions to manage their commercial lending operations more efficiently. Misys has seen a significant increase in the number of customers consolidating loan servicing systems onto a single platform to drive tangible benefits to their business, such as reduced costs and lower operational risks. Misys Loan IQ manages the entire lifecycle of all commercial loans, from multi-party syndications to bi-lateral lending agreements such as commercial real estate finance or asset-based lending.

MoneyGram Partners DeviceFidelity to Offer mFinancial Service

MoneyGram announced a new agreement with the mobile platform company DeviceFidelity to become the exclusive money transfer provider for DeviceFidelity’s award-winning moneto™ mobile financial service offering. The new service is available to moneto users immediately on iPhone and Android platforms. The agreement brings together a leading provider of mobile plug and play solutions and the world’s second largest global money transfer company to give moneto users a fast, convenient, and secure way to send money using a mobile device to any of MoneyGram’s more than 321,000 locations in 198 countries. Consumers simply sign up for a moneto account by downloading the free moneto mobile app from the iPhone App Store or Android’s Google Play. Once registered, users receive a moneto prepaid MasterCard card in the mail, and then have access to the moneto app’s award-winning features.

Insperity Makes Available ExpensAble Plus MasterCard

Insperity human resources and business performance solutions launched its “ExpensAble Plus” MasterCard, offering clients front-end spending control through the integration with the Insperity ExpensAble Corporate expense management automation solution. Businesses now have complete control over spending allocations with the ability to reload the Debit MasterCard or rescind unused funds at any time. The product suite includes variations of the card with unique features and functionality, including spending limits, merchant category restrictions and the ability to add additional funds electronically if circumstances change or emergencies arise. The Debit MasterCard also enables a business to easily manage expenditures for events and conferences. It provides a controllable spending mechanism for mobile sales forces as well as for employees or contractors who travel frequently. Furthermore, the debit card allows for higher limits and options for executives who need more flexibility. Transactions made on the card automatically pre-populate into the Insperity ExpensAble software, eliminating the need for employees to re-enter relevant information.

Mopay Launches One-Click eCommerce mBilling

mopay payment solutions for online merchants announced a revolutionary breakthrough in user convenience. In cooperation with Telefonica and Vodafone, customers are now able to complete Web-based carrier payments with a single confirmation click. An enhanced user profile creates the basis of this new anonymous ID technology, which significantly shortens the payment process and boosts conversion to a new industry benchmark level of 93% and more. Less friction means more user convenience and thus more completed transactions. The consumer receives a PIN via SMS on his mobile phone, which then had to be typed in manually in a subsequent payment window. Although this simple process required no user registration and produced stunning conversion rates, mopay has continuously worked for more than 10 months to improve the user experience even further.