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: www.rbm4.com

Entrepreneurs Gravitate Toward Entrepreneurs

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The American Express OPEN “Small Business Monitor” shows 70% of entrepreneurs purchase and source goods and services from other small businesses while 96% support their local communities. This support includes donating to local causes (70%) and participating in community projects (49%) while 83% shop at independently-owned businesses in their neighborhoods. Meanwhile,…

MasterCard Among Top Companies for Diversity

MasterCard has been recognized as a top corporate leader for diversity by DiversityInc, having jumped 10 spots to fifth place of top 50 companies. MasterCard puts a premium on nurturing an inclusive culture where employees with wide-ranging backgrounds and qualities are highly motivated, engaged and connected. The company’s culture is built on the fundamental belief that by bringing together people with a variety of strengths, skills and experiences, it will be best able to meet the unique payment needs of those they serve. The survey in its 14th year ranks based on CEO Commitment; Human Capital; Corporate and Organizational Communications; and Supplier Diversity.

Oberthur Appoints New CEO

The Board of Directors of Oberthur Technologies appointed Didier Lamouche CEO. Well-known in the industry, Lamouche brings to the role more than 25 years’ experience gained across multiple industries like Semiconductor, Information Technology and Wireless communications. He replaces Xavier Drilhon and is determined to support and accelerate the growth ambition of the company, across all its strategic segments and enforce its leadership on a worldwide basis.

Accenture Shows Growing Consumer mPayment Use

Financial incentives and mobile-based financial-management tools could increase consumers’ use of smartphones as payment devices, according to an Accenture survey of 4,000 smartphone users. More than half of respondents who currently use their smartphones to make payments said they were highly likely to pay by phone more often if they could use their phone to track receipts (cited by 60 percent of respondents), manage their personal finances (56 percent), or show proof of insurance (56 percent) or of a valid driver’s license (54 percent). In addition, more than half of those who currently make mobile payments also said they were highly likely to pay by phone more often if they were offered: instant coupons from retailers when buying by phone (cited by 60 percent of respondents); reward points stored on their phone for future purchases at the store (51 percent); coupons that could be automatically stored on their phone (50 percent); or preferential treatment, such as priority customer service (50 percent).

TSYS Merchant Solutions Intros Multi-Currency Solutions

TSYS Merchant Solutions merchant acquirer launched its TSYS “Pay in Your Currency” and “Shop in Your Currency” multi-currency solutions, powered by Planet Paymentinternational and multi-currency payment processor, to TSYS Merchant Solutions’ merchants. The “Pay in Your Currency” solution gives eligible international customers the choice of paying in their home currency at the point of sale, offering significant benefits to TSYS merchants and their customers. Customers are handed a receipt, or pointed to an electronic terminal which displays the transaction amounts in U.S. dollars and their home currency, with the daily exchange rate and other service details. The customer chooses their currency on the receipt or device. Meanwhile, “Shop in Your Currency” allows e-commerce merchants to more effectively target foreign markets and more sales from international customers.

WorldPay Certifies VeriFone Countertop POS

VeriFone Systems announced WorldPay electronic payment processing solutions completed its compatibility certification for VeriFone’s “VX 520” countertop payment system. WorldPay will also offer a secure audio card-reader version of VeriFone’s PAYware Mobile for small merchant mobile payments using smartphones, tablets and other smart devices. The “VX 520” of the VX Evolution family offers an advanced countertop payment device and supports VeriShield Total Protect for end-to-end encryption and tokenization. WorldPay is also in process of certifying compatibility of the VX 805 and VX 820 PIN pads and wireless VX 680, which like the VX 520 offer contactless and smart card payment acceptance capabilities that are crucial to emerging NFC wallet technology and EMV compliance. The portable VX 680 is available with WiFi and Bluetooth or GPRS communications for merchants on the move.

Chase Top Ranking on mBanking Functionality

Chase ranked #1 for both U.S. and global banks in Forrester Research’s 2013 Global and U.S. Mobile Banking Functionality Rankings for a score of 71 out of 100 – fifteen points above the report’s average score of 56 in the 15-bank study. Chase stood out for its mobile banking offerings across multiple touchpoints, including smartphone apps, mobile websites and two-way Short Message Service (SMS). Forrester also recognized Chase’s money movement features such as bill pay – including the ability to add a payee – and mobile transfer capabilities. Chase Mobile provides apps on multiple platforms and Instant Action Alerts to notify customers of a low balance, and to allow them to transfer money by replying to the text message.

MoneyGram Again Expands Money Transfer Service

MoneyGram international money transfer service is now available in Liechtenstein, expanding its country network to 198. Provided through Valora, a long-time MoneyGram agent based in Switzerland, the initial service allows consumers to send money to friends and family from its Valora location in Schaan. Additional locations and service options, including the ability to receive remittances internationally, are planned for later in 2013. Coincidentally, MoneyGram reported an 18% transaction growth in remittance sends originating outside of the United States both for the fourth quarter and full year of 2012.

Chase Freedom Cardholders Tame Spending

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] According to new data from Chase and its “Freedom Lifestyle Index,” overall spending remained flat compared to the first quarter of 2012 and down nine percent from the previous quarter. Despite having increased credit card use gradually over the past 12 months- according to federal reports- Chase asserts consumers are demonstrating…

ROAM CEO mPayments Innovations 2013 Conference Chair

The Mobile Payments Innovation conference at ETA’s 2013 Annual Meeting and Expo will host an all-star lineup of industry leaders and innovators on a variety of critical topics, including global payment trends, the latest mobile commerce innovations, mobile point of sale solutions and EMV standards. The ROAM mobile commerce platform provider, has been named the founding sponsor of this unprecedented event, and the company’s CEO Ken Paull has been selected as the conference chairperson. Paull will kick off the event by sharing his experiences, actionable strategies and insights on how organizations can leverage mobile payment technology to improve their business.

NCR Launches Anti-Skimming Technology for Banks

NCR Corporation launched its “Skimming Protection Solution” (SPS) advanced anti-skimming technology to offer financial institutions a proactive way to address ATM skimming challenges. The NCR solution thwarts skimming activity, notifies a financial institution of an attack in real time, and adapts quickly to new types of attacks as they become increasingly sophisticated. Card skimming represents 80 percent of all attacks against the ATM, the #1 ATM crime globally.1 A Mercator report estimates U.S. card issuers’ total losses from credit- and debit-card fraud at $2.4 billion. NCR built SPS software to enable its random, multiple-jamming hardware module to block criminal “listening” devices from capturing card data and prohibit criminals from tampering or removing the original ATM bezel and helps promptly detect fraudulent devices. SPS also constantly reports on the health of the ATM.