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

Discover Bank Provides Jobs for Military Vets

Discover Bank and Delaware’s Congressional Delegation of U.S. Sens. Tom Carper and Chris Coons and Congressman John Carney recognized the first group of employees to join a new Discover work-at-home jobs program for military personnel and their family members at a ceremony today at Dover Air Force Base. Discover’s work-at-home program provides training, resources and job opportunities for new employees seeking careers within the financial services industry. In addition to training, Discover supplies each new employee with the proper equipment and installation support to ensure a successful working environment at home. The new employees’ work will be coordinated out of Discover’s New Castle call center. Recruitment efforts for the new program focus on military personnel and their family members from the Dover Air Force Base and those associated with the base in the surrounding area.

State of Washington Selects TIO for Payment Network

TIO Networks announced its partnership with the State of Washington Department of Social and Health Services and payment processor Paymentus to assist residents in paying State bills anywhere in the country. TIO will provide self-service kiosks and clerk-assisted software at key retail locations in the State, as well as on TIO’s existing network of approximately 57,000 locations throughout the U.S. for customers to make child support payments. Paymentus was built exclusively for the self-service channels (Web, IVR, Recurring), making it cost effective and easier for customers to pay bills. The company specializes in offering solutions for recurring, scheduled and one-time payments with patent-pending, real-time technology.

Chase Names CEO of Merchant Services

JPMorgan Chase announced that Mike Passilla has been named chief executive officer of Merchant Services to oversee Chase’s growing payments and merchant services business including Chase Paymentech, Chase’s merchant offers business, as well as Chase’s recently-announced merchant payments initiative. Passilla has been a leader in the field of payments and technology for 23 years and joins Chase from Elavon payments processing, where he most recently served as president and CEO. Meanwhile, Dan Charron was named president of Chase Paymentech, the global payment processing and merchant acquiring business of JPMorgan Chase, and will report to Passilla. Since March, Charron has been the acting head of Chase Paymentech and prior to that served as the head of Client Services.

NCR Expands Interactive Video Banking Program

Conestoga Bank is expanding its interactive video banking program with NCR Corporation. Available through “uGenius,” which NCR purchased in January 2013, the partnership allows the bank to install two additional personal teller machines (PTMs) into their new Bankwerx at Gateway branch in Wayne, Pa. Conestoga Bank’s PTMs connect bank customers 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 customers 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.

payleven Inks Huge Distributor for its Chip & PIN Reader

payleven mobile payment provider is making its Chip & PIN card reader available for anyone to buy off the shelf in Apple retail stores and on the Apple online store. This marks the first time ever that it has been possible to buy a card machine on the high street, lowering the barriers to entry for budding entrepreneurs wanting to start their own retail business. The small gadget links up with an iPhone, iPad or Android device via Bluetooth to make it quick and easy for anyone to start taking card payments from major card providers such as VISA and MasterCard. It can be used anywhere with mobile or Wi-Fi signal, making it perfect for plumbers, gardeners and electricians visiting homes, or markets, pop-up shops or boot sellers regularly on the move.

APR Averages Continue Steady Decline

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs saw the most change in May since January, dropping .02% to 14.93% after averaging a .04% change over the past year. This offers continued momentum to the ebbing 2013 APR credit card averages. This improvement, as trivial as it may be, follows a relatively lengthy period of…

Heartland Financial Elects New Board Member

Heartland Financial USA announced Duane E. White was elected to the company’s Board of Directors. White is a founding director and investor in Minnesota Bank & Trust, a Heartland subsidiary established in 2008 with current assets of $127 million and a partner at Aveus, a management consulting firm. In his role, Mr. White provides executive level consulting to a variety of firms, focusing on improving performance and enhancing shareholder value with a particular focus on the financial services and health care industries. Prior to joining Aveus, he served as Managing Director at Polihua Holdings LLC, a consulting firm working with companies in the financial services and healthcare industries. Through his position with Polihua Holdings, Mr. White served as a consultant to Total System Services, Inc. (“TSYS”), leading TSYS’s healthcare initiatives, eventually joining the company as President of TSYS’s healthcare division.

Handpoint Launches Chip & PIN mPOS

Handpoint mobile payments launched its new Chip and PIN mPOS system for small, medium and enterprise merchants, making available to any merchant a simple and secure way to accept Chip and PIN card payments with a mobile device. To address the complex security and IT requirements of larger merchants, the Handpoint mPOS can be adopted across multiple mobile platforms using the Handpoint API, while enterprise-level security is delivered by a point-to-point encryption on the Handpoint Chip and PIN card reader. The Handpoint Chip & PIN API enables merchants to easily adopt MPOS across multiple mobile platforms (iOS, Android, PC, WinMobile/WinCE) and integrate MPOS with their existing checkout systems. The API is also supported by an extensive Software Development Kit (SDK), freely available via the Handpoint website, and allows merchants to use their existing checkout systems on mobile devices, saving months of development timme in the process.

MasterCard Deploys Kalixa Acquirer Card Testing

Perpetuating a six-year partnership, MasterCard selected the Kalixa Group to issue a version of its award winning Kalixa Pay prepaid card to every newly accredited acquirer for testing. The card enables live testing of MasterCard acceptance – including online and PayPass transactions – to ensure a simple, seamless and secure integration process for every new acquirer joining the MasterCard network. The Kalixa prepaid card, allows testing in live-mode across any kind of payment acceptance including POS, ATM, stand alone and integrated terminals. Foreign currency transactions, and Chip and PIN authentication capabilities can also be tested using the card. Additionally, the Kalixa card will be used during MasterCard’s Acquirer-End-to-End-Demonstration (AETED) service, delivered by MasterCard accredited service providers to acquirers.

Logic Group P2PE App PCI Accredited

The Logic Group Payment Service Provider announced its “Solve DataShield” Point to Point Encryption (P2PE) app is the first in the world to be accredited by the Payments Card Industry Security Standards Council. The Logic Group builds on its success in enabling merchants to significantly improve the security across all their channels and continues to drive and influence the payment service industry. PCI P2PE accredited Solve DataShield encrypts cardholder data within the PIN Entry Device’s secure processor before passing it across a merchant’s estate for onward processing of the payment. The application forms part of a simple ‘out of the box’ solution that self-activates as soon as the card device is connected to the merchant’s Point-of-Sale terminal.

Net Element Turns Up mPayment Technologies Investment

Net Element International electronic commerce and mobile payment processing entered into an investor accreditation agreement to develop new technology with The Skolkovo Foundation, a government funded research and development center in Moscow. This multi-year and multimillion dollar investment allocation by Net Element provides exclusive access to early stage mobile payments and transactional services technology. Net Element will set aside up to $12 million (370 mln Rub) over the next three years with Skolkovo for investment in companies and technologies that meet NETE’s investment criteria and strategic initiatives. The role of The Skolkovo Foundation is to oversee the creation of the Skolkovo Innovation Center comprising five R&D clusters (IT, Space, Biomed, Energy Efficiency and Nuclear Technology), Technopark, the Skolkovo Institute of Technology (a new graduate research university established in collaboration with the Massachusetts Institute of Technology) and Skolkovo City. Net Element’s interests are specifically focused on mobile payments and transactional services technology projects.

Gemalto supplies MTS Russia NFC SIM mTransport

Gemalto digital security is supplying Mobile TeleSystems (MTS) its “UpTeq NFC” high-end SIM cards for a mobile phone-based public transport ticketing solution. Designed and personalized at Gemalto’s Moscow service center, the solution can deliver increased efficiency and responsiveness for the swift deployment of MTS’ NFC program. In conjunction with Zolotaya Korona Russian payment and money transfer system, the ticketing service allows users to pay for journeys on buses and the metro in Novosibirsk, the country’s third-largest city, simply by tapping their mobile phone on an NFC reader. Over 95% of public transport turnstiles and terminals in Novosibirsk are already equipped with NFC readers and the new system is designed to replace the current paper tickets.