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

HSBC Deploys Vasco Digipass Security

Vasco Data Security software security company announced HSBC Bank Brazil deployed the “Digipass” for Mobile technology for an enhanced group of retail and corporate customers, while expanding the offered online and mobile services. Currently, more than 90,000 account holders use their mobile device to access all self-service channels to execute financial transactions. With this enhancement, HSBC Brazil is the first and only financial institution worldwide to fully integrate access to internet banking, mobile services, contact center, ATMs and e-commerce. By further integrating Digipass for Mobile, HSBC offers its customers a secure and convenient way to secure their online transactions. The customer downloads the Digipass for Mobile app on his mobile device to generate one-time passwords (OTPs). Every time he logs on, a unique dynamic password is created that, as a consequence, can only be used once. The client doesn’t need to remember multiple passwords with different shapes and sizes anymore to confirm and operate the various channels.

Bank of America Merrill Lynch Appoints EMEA Head

Helen Mason has been appointed head of Commercial Cards, EMEA, in the Global Transaction Services (GTS) business at Bank of America Merrill Lynch. Mason will oversee product management, new business growth and account management for the EMEA commercial cards platform. Mason joined the firm in 2010 and has previously held positions at Citibank, HSBC, RBS and Lloyds during which she managed all aspects of commercial cards, including operations, sales, account management and implementation.

iPayment Implements ROAM on mPOS Solutions

ROAM, an Ingenico company and mobile commerce platform provider, and iPayment acquirer, announced a new program in which iPayment will use ROAM’s mobile commerce platform to deliver a suite of mobile point of sale (mPOS) solutions to its merchants throughout the United States. ROAM will provide iPayment merchants with a complete end-to-end solution, including the G4X Secure Mobile Card Reader, ROAMpay X4 Mobile POS Application and the myROAM management portal. ROAM’s platform capabilities support the largest number of mobile devices of any mPOS provider, including iOS and Android based smartphones and tablets. Its core platform assets – secure readers, applications to support mobile card acceptance, PCI compliance, real time data exchange, and merchant onboarding – are available as turnkey solutions that can be deployed as is, or as complete white label solutions offering branded hardware, applications and support tools.

Deductr integrates HyperWallet POS Solution

Deductr business expense tracking and reporting system for small business owners and hyperWALLET Systems will integrate their respective services to provide customers a way to pay for, track and record business expenses at POS. Users of hyperWALLET’s prepaid cards can now simply swipe their cards at a merchant’s point of sale, enabling their purchase information to automatically be imported into Deductr’s online software for automated expense tracking. This one-step process eliminates the tedious and time-consuming manual receipt tracking efforts that typically hinder business owners from claiming all their tax deduction entitlements. hyperWALLET’s integration with Deductr further enhances a cardholder’s experience as they can now effectively manage their business expenses in a simple, hands-off manner and realize the full potential of their tax deductions and entitlements.

Gyft Gift Card Platfrom Adds Bitcoins Support

Gyft mobile gift card platform added support for bitcoin purchases of gift cards on the Android platform, through its partnership with BitPay payment processor for bitcoin. Customers are now able to buy mobile gift cards using bitcoins and redeem them at over 50,000 physical retail locations across the USA including GAP, Lowes, Sephora, GameStop, American Eagle, Sports Authority, Nike, Marriott, Burger King, Fandango, Brookstone, and many more household brands. Users just download the Gyft app, select bitcoin as the payment method at checkout and make the payment from the bitcoin wallet.

First Data Announces Merchant Credit Financing

First Data Merchant Solutions, First Data’s direct-to-market merchant acquiring business, announced the availability of its “Merchant Cash Advance” program. Allowing small and medium sized businesses that accept card payments to access an alternative source of funding to increase cash flow, “Merchant Cash Advance” is available to both new and existing First Data Merchant Solutions customers and provides a lump-sum advance based on the merchant’s monthly card transactions. The advance is automatically paid back through a fixed, specified percentage of daily card processing settlements with First Data Merchant Solutions. Because there is no fixed payment amount, during quiet trading periods the repayments are lower, further helping cash flow, while the reverse is true for higher-volume trading periods. To be eligible for an advance, merchants must typically process at least GBP1,000 per month in card transactions, have a good standing with their landlord and no unresolved bankruptcies.

Post Office Deploys Mass Rollout Across Europe

Post Office has installed contactless payment terminals across 30,000 counter positions in its unrivalled network of over 11,500 branches across the UK. This makes the Post Office the biggest user of contactless acceptance technology in Europe allowing customers to pay for transactions of up to £20 using contactless cards and Near Field Communication (NFC) equipped mobile phones with a simple tap of their card or mobile phone at the counter position. The Post Office is currently undertaking the biggest transformation program in its history.

USA Technologies Posts Revenue Up 19%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] USA Technologies cashless payment solutions posted its fiscal third quarter results with a 19% increase in total revenues to $9 million, including 26% increase in license and transaction fee revenues (“recurring revenues”) to $7.6 million, which represented 84% of total revenues for the quarter. Also, USA Technologies reported a 32% increase…

FIS to Demonstrate mPayment Solution

FIS will be showcasing its Mobile Wallet with Cardless Cash Access at FinovateSpring 2013. A white-labeled, cloud-based mobile payment and offer redemption solution that allows financial institutions to fully brand and manage the customer experience, while offering consumers convenience and best-in-class security. The FIS Mobile Wallet enables the issuer to facilitate mobile commerce, maintain control of customer and transaction data and, most importantly, keep an institution’s brand at the center of the customer experience. Consumers benefit from the convenient and easy-to-use mobile solution as well as financially from coupons, loyalty programs and merchant-funded rewards.

SCIL-EMV Academy Forges EMV, mPayment Partnership

The Electronic Transactions Association (ETA), the trade association for the global electronic payments industry, and SCIL-EMV Academy, America’s EMV Training Experts, announced a new EMV and mobile payments training and education initiative. Designed exclusively for ETA Members, the program provides technical and business information and training to help the U.S. payments industry migrate to the new EMV chip based credit and debit cards. Initially, SCIL-EMV Academy will deliver five core workshops. EMV courses will be arranged privately onsite, online, and at SCIL-EMV Academy public workshops across the USA. The first EMV workshops will be administered in May, and will be available on ETA and SCIL-EMV Academy websites. For more information, ETA members should contact Stewart Chalmers at stew@emvacademy.com or by telephone at 818-681-3588.

SunGard Announces ATM & Reconciliation Solution

SunGard launched its IntelliMatch Operational Control solution for ATM & Card Reconciliation. This helps financial institutions achieve smarter operational efficiency by streamlining their ATM and Card reconciliation processes to help minimize costs and reduce risk. SunGard’s IntelliMatch Operational Control helps financial institutions deploy enterprise matching and reconciliation solutions. This helps with agile business growth through rapid on-boarding of new reconciliations, consolidation of infrastructure and processes for a lower total cost of ownership, and optimization of processes for greater business efficiency.