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

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.

Allied Payment & Malauzai Ink mPayment Client

Allied Payment Network online bill payment services to the financial industry and Malauzai Software mobile banking SmartApps for community financial institutions, announced that Midwest-based 3Rivers Federal Credit Union ($750 million) is the first credit union in the country to launch its Picture Pay mobile bill payment solution. 3Rivers has implemented the stand-alone Picture Pay solution developed by Allied and Malauzai Software and will offer Picture Pay as a separate mobile application in addition to its existing mobile banking app, enabling 3Rivers’ members to easily and securely pay any bill by taking a picture of the bill with their mobile device. Through Picture Pay, once a member takes a picture of a bill with their smartphone, they simply enter the amount and payment date and the bill is paid.

Quotall integrates DataCash payments tech

DataCash payment processing, a MasterCard Company, and Quotall, an innovative online insurance systems provider have announced a partnership which will see DataCash’s advanced payments technology integrated into Quotall’s transactional insurance platform optimised for brokers to trade online. The e-commerce market in the UK is predicted to grow by 110% in this decade, reaching £123bn by 2020 and, in addition, Google is reporting a 40% year-on-year growth in business insurance search volumes.

UK POS Launches Window Display Contest

UK POS is encouraging retailers to send in a snap of their summer display to be in with the chance of winning £250 worth of vouchers. The competition is open to all independent retailers across the UK and Ireland who think their efforts could capture the attention of the nation. Independent Retailer Month is a global campaign, encouraging the public to take advantage of local stores, and highlighting the important roll independent retailers play in their communities. They also contribute to the local economy and the retail sector as a whole. Independent retailers can enter the competition using Twitter by sending the photo directly to the UK POS account (@ukposgroup). Only one entry will be counted per retailer, but multiple photos of the same window display can be sent – the more the merrier. Winners will be selected by Jason Leslie, managing director of UK POS and Debra Jamieson.

Credit Use Skyrockets, Employment Not so Much

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Payroll employment was up 195,000 units in June as the unemployment rate remained at 7.6% while total outstanding revolving US consumer credit jumped a staggering 8.25% in May to an adjusted $857B. Erasing all positive momentum seen in 2013, springing to the highest outstanding total of the year, May revolving credit…

Paymill Announces All-in-One eCommerce Solution

Paymill launched its new product Paymill Unite, an all-in-one solution for everyone who offers an online marketplace. The product enables merchants to offer credit card or debit payment to their buyers on their marketplace in a very easy way. Marketplace owners are now able to connect to other PAYMILL merchants, create transactions on behalf of connected merchants and take commissions for their services. Users can transfer money directly to your merchants and to collect fees for yourself. For the merchant, PAYMILL Unite generates higher conversion rates and minimizes customer dropouts while securely storing customers credit or debit card data.

Chase Launches iPad Househunter App

Chase has customized the popular Chase “My New Home” app for the Apple tablet – and added features to make it even better. This offers the only app on the market that guides users through the home-buying process from start to finish. It allows searching home listings by ZIP code to calculating monthly payments- provide real-time help at each step of the home-buying process. Househunters can record notes, take photos and videos of the houses, calculate payments and access more than 4,000 local Chase mortgage bankers. The videos offer practical advice from both homebuyers and the experts they will meet throughout the home buying-process. Viewers can learn about a wide variety of subjects from key mortgage terms and how to select the right real estate agent to what to expect at closing.

EFT Announces EMV Website

The Electronic Funds Transfer Association has launched “EMV Update,” a source of timely, objective information on the migration of EMV technology to the American electronic payments industry, the group announced. EMV is a security standard designed to increase protection against the theft of payment card identification data. Theft of this data could permit unauthorized access to a cardholder’s funds. Currently the U.S. is the only member of the G20 nations where banks that issue credit or debit cards do not use the EMV standard. Large card brands like Visa, American Express and MasterCard have set target dates, some of which have already passed, for the adoption of the standard by different industry segments.

EFT Launches EMV Information Site

The Electronic Funds Transfer Association has launched “EMV Update,” a source of timely, objective information on the migration of EMV technology to the American electronic payments industry. Currently the U.S. is the only member of the G20 nations where banks that issue credit or debit cards do not use the EMV standard. Large card brands like Visa, American Express and MasterCard have set target dates, some of which have already passed, for the adoption of the standard by different industry segments.