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:

ACI Worldwide Named to EMV Steering Committee

ACI Worldwide payment systems was elected to the steering committee of the EMV Migration Forum. An independent cross-industry organization formed to help the payments ecosystem in the United States successfully move from magnetic stripe technology to secure EMV technology, EMV Migration Forum also appointed ACI’s Dan Heimann, consulting manager, Back Office Solutions, vice-chairman of the steering committee. Mr. Heimann is recognized as a global EMV leader thanks to his role in helping payment organizations implement and maintain EMV programs since the initiative began in 1998.

Citi Simplicity Knocks-Out Late Fees, Penalties

Citi Simplicity is the only card to never charge late fees, a penalty rate, and an annual fee, ever ( First introduced in July 2011, Citi Simplicity is a credit card that recognizes managing your credit card can – and should – be simpler and easier. Designed directly based on feedback from Citi cardmembers, Citi Simplicity features a Single Rate for All Borrowing and Spending for all purchases, cash advances and balance transfers, after any introductory or promotional period. Cardmembers can quickly and easily reach a customer service professional and customize their payment due date and set e-mail and text alerts based on their preferences and needs. Credit card late payment fees typically start at $15 and can be as high as $35 per missed payment. More than one-third estimate they are charged up to $25 dollars annually for late payment fees by a biller, one in five estimate they are charged $26 to $50.

LightSpeed Announces Latest iPad Payment Options

LightSpeed software helping Apple-user retailers with payment options announced its latest to dramatically increase customer engagement and retail flexibility. As part of LightSpeed for iPad 1.4, retailers are able to support mobile payment methods while simultaneously offering a completely wireless and secure customer transaction. LightSpeed’s new technology provides customers the “Genius” platform from Merchant Warehouse , allowing LightSpeed for iPad to accept all types of mobile payments, including Google Wallet and LevelUp, while seamlessly working alongside the payment terminal to provide secure and convenient point-to-point transactions from the selling floor. Retailers can honor customer loyalty programs and never need to worry about manual updates”Genius adds new payment options automatically as they arise. LightSpeed’s Canadian customers can also now integrate their iPad or Mac with Canadian payment terminals, eliminating the need for bulky device add-ons or sales counters through Moneris. Meanwhile, “uDynamo” simply plugs into the headphone jack of an iPad to process payments.

Groupon Intros POS Suite with Breadcrumb iPad App

Groupon launched its Breadcrumb POS free iPad app for quick-service retail merchants, featuring an easy-to-use solution that offers local businesses a low-price guarantee that will beat any comparable plan on credit card transaction fees. Breadcrumb POS expands the number of merchants currently served by the company’s Breadcrumb family of POS products from restaurants and bars to include all brick-and-mortar businesses. Breadcrumb POS comes with Breadcrumb Payments-a service with rates of 1.8% plus $0.15 per transaction (MasterCard, Visa and Discover) with no hidden costs or monthly fees and free processing on first $5,000 in credit card transactions. Breadcrumb POS comes with Fast and Easy Set Up – Download the free app, sign up for a payments account, connect a card swiper and optional printer and begin using an iPad to process transactions within minutes; Powerful Features allowing users to log cash transactions, accept credit card payments, print or email receipts, calculate multiple tax rates, manage menu items, view transaction history and issue refunds; deposits receipt within 24 hours; Business Insights; and Free Live Support.

Telefónica and MasterCard Launch mPayments

Telefónica and MasterCardMFS (Mobile Financial Service), a joint venture between Telefónica and MasterCard Worldwide, is launching Zuum mobile payment service. Allowing customers access to a pre-paid account on their phone that will allow them to transfer money, buy credits for pre-paid mobile phones, and pay bills, customers can also choose to receive a pre-paid card from MasterCard which is connected to the same pre-paid account. Customers can use the card to make purchases in more than 1.8 million affiliated establishments and withdraw money in Cirrus ATMs. Zuum uses USSD (Unstructured Supplementary Service Data) technology to enable users to access their accounts from their Vivo mobile phone, using any device. It’s as simple as sending a text message, but without the cost. There’s no maintenance fee for the account or the card.

MasterCard Names Asia Pacific Debit Head

MasterCard in the APMEA region the appointment of Robert Keenan in the role of Asia/Pacific Region Lead for Debit and Jason Tymms will take over as Prepaid Lead for the Asia/Pacific, Middle East and Africa region. Rob, who has been with MasterCard since March 2005, will be responsible for developing and growing the company’s debit products and innovations in the Asia/Pacific region, effective May 16. Rob was responsible for leading debit in two key divisions – the UK & Ireland and the Eastern European Markets, where he managed a team in charge of driving product strategy and innovation, as well as the development and management of the MasterCard suite of debit products and solutions. He also was with Switch Card Services, the former local debit scheme in the UK, where he was Senior Business Manager, responsible for managing various product propositions and driving the day-to-day business needs of a domestic debit organization. Jason Tymms, who was previously the business leader of Prepaid Product Management for Australasia since 2011, will be relocating to Singapore and taking on the role of Prepaid Lead for the APMEA region.

iPayment Posts 5.6% Revenue Decrease

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] iPayment posted 1Q/13 results, having processed $5.3 billion of total transaction volume, a 4.7% decrease from $5.5 billion for the first quarter of 2012. Total revenues decreased by 5.6% to $156.0 million for the first quarter of 2013 from $165.1 million for the first quarter of 2012, thanks in great part…

Chase Sapphire Awards $20k Scholarship to Le Cordon Bleu Student

Chase Sapphire travel rewards card from Chase, in partnership with Bon Appétit hosted the Chase Sapphire Preferred Grill Challenge. Chefs Akira Back and Todd English partnered with two Las Vegas Le Cordon Bleu Culinary Institute students to reimagine a classic French dish during a live grilling competition. Todd Huelsman was awarded a $20,000 scholarship, presented by Chase Sapphire Preferred, to help fund his culinary education at the Las Vegas Le Cordon Bleu Culinary Institute. An additional $5,000 was presented to runner-up Andrew Merfalen. The two students from the Las Vegas Le Cordon Bleu Culinary Institute were selected to serve as sous chefs for Akira Back, Executive Chef of Yellowtail Japanese Restaurant & Lounge at Bellagio, and Todd English, Chef at Olives at Bellagio, through a Vine video and essay competition presented by Bon Appétit and the Las Vegas Le Cordon Bleu Culinary Institute.

ePaymentAmerica Allows Payment Card Purchases on Social Media

Yapyzal social commerce tool for business design product share through social media sites is officially available. The service, which is initially launching on Facebook and which requires no additional coding or programming by the business, allows customers to complete a social commerce transaction securely and seamlessly with their credit or debit card, while remaining on the business’s Facebook page. Reckert explains that while the launch is on Facebook, the Yapyzal technology is designed to grow into a global brand that can be adapted to any social media application. Facebook was selected as the first social media site for launching the Yapyzal brand because it allows businesses to reach the largest concentration of potential customers on the planet, with more than one billion users. ePaymentAmerica’s one time underwriting process for social commerce activation generally takes 24-48 hours.

Elan Certifies NCR Multivendor ATM Software

Elan Financial Services certified NCR APTRA software on its network for ATM multivendor environments. Elan’s network drives more than 33,000 ATMs for financial institutions across the U.S., many of whom operate mixed-vendor fleets comprised of ATMs from NCR and other manufacturers. Elan certification of APTRA Edge for multivendor environments will help its financial institution clients. Consolidating on a single software application enables financial institutions to project a consistent and rich consumer experience across their self-service networks. In addition, a multivendor environment helps financial institutions streamline their development and support operations by not having to maintain and enhance multiple, separate delivery infrastructures for each new function or service that they offer.

Citi Sells Credicard to Banco Itaú Unibanco

Citi Brazil announced that it has reached a definitive agreement with Banco Itaú Unibanco to sell Credicard, its non-banking credit card and consumer finance business, subject to approval by Brazilian regulatory authorities. The transaction, once approved by Brazilian regulators, is expected to generate a gain on the sale of approximately US$300 million after-tax ($0.10 cents per share) at closing. The business activities will be reflected in discontinued operations beginning in the second quarter of 2013. The transaction includes 96 Credicard stores and approximately US$3.260 billion in consumer loan balances as of December 31, 2012.

MasterCard Partners French Tennis Federation

MasterCard announced a partnership with the French Tennis Federation (FFT) to become the official payment card of the Roland-Garros tournament, one of the four Grand Slam tennis tournaments. The five year relationship between the French Tennis Federation (FFT) and MasterCard combines MasterCard’s expertise in technology and payments with FFT’s strengths in the organization, co-ordination and promotion of tennis in France and around the world. Through Priceless Paris, the latest deployment of MasterCard’s Priceless Cities program, MasterCard will give privileged access to the best of Paris during the French Open, and will introduce a collection of exclusive offers and experiences created especially for Parisians and visitors in partnership with the capital’s leading theaters, museums, restaurants and department stores, such as prestigious places in Paris: the Garnier Opera, the Grand Palais, the Châtelet theater and Disneyland Paris.