Robert McKinley, Senior Analyst/Editor Robert McKinley, with 33 years experience covering payment cards and payment systems, is Senior Analyst/Editor for CardFlash and other payments-related publications. He is the retired founder and chief executive of RAM Research, CardWeb and CardTrak. McKinley served as an expert witness in 100+ litigations including two multi-$billion trials, testified before the U.S. Congress, chaired multiple payments conferences, hired as consultant by Fortune 100 companies and several overseas financial institutions. Full Bio:

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.

Oberthur Provides CANAL+ OVERSEAS Prepaid Pay TV Subscriptions

Oberthur Technologies identification solutions and services based on smart card technologies announced CANAL+ OVERSEAS, the international subsidiary of CANAL+ Group, has selected its electronic top-up solution to dematerialise the distribution of their prepaid Pay TV renewal of subscriptions in Africa. Using electronic top-up will allow CANAL+ OVERSEAS to dematerialise and automate the reselling process of prepaid subscriptions. CANAL+ OVERSEAS’ retailers will be able to instantly top-up subscribers’ Pay TV accounts via a mobile phone. The platform will also manage e-voucher purchasing and delivery via SMS. While significantly reducing the costs and constraints associated with physical inventory management, the solution will also allow CANAL+ OVERSEAS to quickly adapt to market changes and trends and offer a broader range of products.

Discover Posts 2Q Net Income up $75mm

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Discover Financial Services reported net income of $602 million for the second quarter of 2013, as compared to $525 million for the second quarter of 2012. The company’s return on equity was 23%. Credit card loans grew $2.3 billion, or 5%, to $49.8 billion and Discover card sales volume increased 4%…

New Members Appointed to Elan Advisory Board

Elan Financial Services added to the panel of credit union leaders who regularly meet to share with Elan their insights into the credit union industry. These include Donna Alley Myers, Vice President, Consumer & Indirect Lending at Tennessee Valley Federal Credit Union based in Tennessee; Allan Stevens, Vice President of Lending at Franklin Mint Federal Credit Union based in Pennsylvania and Leslie Bumgarner, CEO at Telhio Credit Union based in Ohio. Elan Financial Services serves 300 credit unions with best-in-class credit card products and rewards that meet the unique needs of every customer. Elan’s end-to-end solution also includes card servicing and marketing as well as branch support.

Allpoint and Discover Deploy Surcharge-Free ATMs

Allpoint Network announced that it has joined with Discover Financial Services to provide millions of Discover cardmembers with surcharge-free access to cash through 43,000 Allpoint ATMs in the United States. Allpoint Network is an affiliate of Cardtronics, Inc., the world’s largest retail ATM owner, and its surcharge-free ATMs are conveniently located coast-to-coast, in destination retail outlets including major discount retailers, as well as convenience, grocery and pharmacy stores”places that are already part of people’s daily routines. As America’s largest surcharge-free ATM Network, Allpoint helps more than 1,200 financial services providers, representing more than 60 million cardholders, save time and money when accessing their cash.

LendProtect UK and Yodlee Intro Underbanked Platform

LendProtect UK underbanked consumer data, analytics and risk scoring solutions on those who are underserved by traditional banking channels in the UK, announces today a partnership with Yodlee Interactive to launch a new service, BankLogic. BankLogic is a platform that enables lenders to seamlessly access bank account information from LendProtect — account ownership, deposits, transaction details and balances — to more accurately evaluate a borrower’s credit risk. Utilising BankLogic, lenders are able to see 90 days of their prospective customers’ banking behaviours, including all deposits and individual transactions to payees. This additional information allows lenders to more concisely evaluate risk involved in the short term loan offering, lower the risk of the loan going into default, more accurately assess affordability for the consumer and increase conversion and profitability.

Intellitix Cashless Payments Serve Harley Davidson Event

Intellitix, the world’s leading RFID solutions company for live events, launched the industry’s most advanced cashless payment system last month. Harley Davidson’s key European event, Open Road Festival, became the first in the world to adopt Intellipay, using RFID for cashless payment across the site, as well as for all access control and social media integration. All attendees including general admission, staff and VIPs were issued with RFID wristbands (supplied by ID&C) which were also used to enter and exit the site, and to instantly post status updates and photos from various sponsor zones and other areas to their Facebook walls. Adding extra security, bike license plate numbers were stored on their owner’s wristbands to ensure only the owners could leave site with the bike.

Average APRs Jump, Erase Improvement

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs jumped .03% in July to 14.96% after averaging a .04% change over the past year. This stifles momentum to the ebbing 2013 APR credit card averages. This erases the positive momentum gained over the past few months, but follows a relatively lengthy period of APR stagnation through…