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

Romania to Offer Card Payments via Mobile Point-of-Sale (mPOS)

Romania to Offer Card Payments via Mobile Point-of-Sale (mPOS)

GoSwiff, UniCredit, and MasterCard have formed a partnership to launch mobile payments in Romania. The partnership is created to enable Allianz-Tiriac Asigurari agents to start accepting card payments with mobile point of sale (mPOS) for the insurance policies issued by the company. Allianz-Tiriac Asigurari is the first insurance company in Romania to offer this solution,…

Seamless Expands SEQR to 16 Countries; Tops 3.7B Transactions Annually

Seamless Expands SEQR to 16 Countries; Tops 3.7B Transactions Annually

Stockholm-based Seamless is establishing its mobile payment solution SEQR in four more countries. The company’s rapid expansion means that consumers can now use SEQR to make payments in 16 countries. SEQR is already available in Sweden, Finland, Romania, Belgium, Portugal, the Netherlands, Germany, Spain, France, Italy, the UK and the US. SEQR enables anybody with…

UnionPay Unveils First Open Cross-Border Marketing Platform

UnionPay Unveils First Open Cross-Border Marketing Platform

UnionPay International and its first partners jointly announced in Shanghai the launch of “优计划”, the world’s first open cross-border marketing platform developed by a bankcard scheme. The partners involved in developing the platform include Bank of China, China Merchants Bank, CYTS, Ctrip, Spring Airlines, SaSa Hong Kong, Prince Jewelry & Watch, LUKFOOK JEWELLERY, and ISA.…

Cap One Muscles Out Big 6 in U.S. PDV Soaring 20%+ YOY

Cap One Muscles Out Big 6 in U.S. PDV Soaring 20%+ YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV), credit and debit cards, among the Big 6 U.S. card issuers, rose 7.5% year-on-year (YOY) for the first quarter (1Q/16). Capital One completely blew out the Big 6 pack by a nearly 2-to-1 margin.

 The Big 6 U.S. issuers racked up $479.8 billon in PDV for…

Charge-Offs Among Top 4 Issuers Head North in 2016

Charge-Offs Among Top 4 Issuers Head North in 2016

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Charge-offs among the nation’s top four U.S. issuers rose 5 basis points (bps) year-on-year (YOY) to 3.08%, and up 21 bps sequentially for the first quarter (1Q/16). All four issuers reported sharply higher credit card losses sequentially. Soaring Capital One losses drove the sequential gain for the peer group. The Chase…

Big 6 U.S. Issuers Gross Accounts Growth Stagnant

Big 6 U.S. Issuers Gross Accounts Growth Stagnant

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross or open accounts (GAC) for U.S. credit cards among the Big 6 U.S issuers edged up 0.6% year-on-year (YOY) in the first quarter (1Q/16) to 273.4 million, compared to 270.7  million in the prior quarter, and 271.9 million one-year ago.  The growth is driven by Capital One and American Express…

Visa + MasterCard U.S. CTX Up 4.7% Driven by Credit Cards

Visa + MasterCard U.S. CTX Up 4.7% Driven by Credit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Cash transactions (CTX) for Visa and MasterCard U.S. credit and debit cards in the U.S. grew by 4.7% year-on-year (YOY) in the first quarter (1Q/16). U.S. 1Q/16 credit card cash transactions were up 13.6% YOY, while U.S. debit card CTX increased 4.5%. Visa’s 1Q/16 CTX for U.S. credit cards was up…

U.S. Bank via clearXchange Leads with No Fee P2P

U.S. Bank via clearXchange Leads with No Fee P2P

Minneapolis-based U.S. Bank, the first bank to offer real-time, person-to-person payments through the security of the clearXchange network, the largest bank-offered digital payments network in the United States, is now making the service available to customers with no fee, effective immediately. Since U.S. Bank introduced this service to its customers, several other financial institutions have…