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

Credorax and payworks Partner on chip and PIN mPOS

payworks white label mobile payment processing platform for payment providers implemented Credorax as an acquirer for its Chip & PIN mobile payment processing platform. Subsequently, payment providers can implement mobile POS market quickly without having to make major investments in a processing gateway, system integrations as well as meeting certification requirements. Credorax, a Principal member of Visa and MasterCard Europe and a PSD-licensed financial institution, will serve as a digital acquirer for merchants that process EMV transactions through the payworks compliant white label mobile payment processing platform.

Bluefin Payment Announces Partners Commerce Science

Bluefin Payment Systems secure payment gateway technology to integrated software vendors partnered Commerce Science Corporation (CSC) to integrate their “PayConex” payment gateway with its “eStoreXpress” software platform. The “eStoreXpress” platform allows CSC customers to provide their members, franchisees, customers or dealers with a personalized online eStore where they can sell products and services to their clients, without purchasing or managing inventory, processing orders or having any IT support to operate the eStore. Bluefin Payment Systems focuses on enabling full-service payment solutions to software platforms offered by companies in a diverse range of verticals, including business management, health/fitness, medical, legal, transportation and more. Commerce Science will integrate Bluefin’s payment gateway into “eStoreXpress,” allowing any customer to quickly and easily process electronic payments directly within the eStoreXpress interface.

Card Rates Remain Unmoved

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average credit card APRs are holding steady, showing no signs of a drop off, which historically trends from January to February. Holding at a steady 14.96% March average, notably higher than the year ago figure of 14.87%, after a nearly 0.50% jump in October and hardly any fluctuation-either way- since. Meanwhile,…

hyperWALLET Launches New Payment Services on Expanding Global Network

hyperWALLET global payment solutions made available new payment services and increased global payment network reach. hyperWALLET has added faster payment services, or same day clearing, in the United Kingdom, Europe and Mexico through financial partners in the UK, Germany and Mexico using the SPEI network. This is part of the hyperWALLET international expansion it is experiencing worldwide.

Barclaycard Deploys MetricStream on Software Solution Compliance

Barclaycard US implemented MetricStream to provide Governance, Risk, and Compliance software solutions. Barclaycard creates customized co-branded credit card programs for some of the nation’s most successful travel, entertainment, retail and financial institutions. MetricStream provides Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE Systems, Twitter, SanDisk, Cummins and Sonic Automotive in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government, Hi-tech and Manufacturing to manage their risk management programs, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal.

PayPal Partners Mirantis on Solution Migration

Mirantis OpenStack systems integrator opened its “FUEL” private library of configuration and deployment tools for OpenStack to the public. The “FUEL” library consists of verified deployment scripts for implementing a variety of OpenStack deployment configurations; these range from simple configurations for PoC and dev/test scenarios to highly available configurations for production use cases. And can it be used to deploy third-party OpenStack distributions, such as those provided by RedHat and Canonical, and can plug into customer’s existing operations infrastructure.

SecureKey briidge.net Platform Secures eTransactions

SecureKey Technologies announced the commercial availability of its cloud-based briidge.net identity and authentication platform allowing people to use devices and credentials they already have to perform strong two-factor authentication, bringing trust to mobile and online transactions. The briidge.net suite of extended enterprise federated authentication services is easy for people to use and reduces the number of user IDs and passwords they manage, without sacrificing security and privacy. The “Enterprise Service” is designed for financial institutions, government, healthcare providers, mobile network operators and other extended enterprises seeking to improve the security of their existing credentials with multi-factor authentication for accessing their online and mobile applications. Meanwhile, the “Exchange Service” is based on a three-party model of users, credential providers, and credential subscribers and allows authentication and identity information to be exchanged between credential providers and subscribers, while maintaining user privacy and control.

Casino Journal Recognizes Sightline Card Solution

Sightline Interactive of Sightline Payments won Casino Journal’s 16th Annual Platinum Award for the Most Innovative Gaming Technology Product of the Year. Determined by three independent veterans of the gaming industry, this recognizes the most innovative technology offerings in the gaming industry and is considered the most prestigious honor bestowed on gaming products and services. The SIghtline “Loyalty Card Plus” general purpose reloadable prepaid card program specifically designed for the gaming industry allows operators to customize their prepaid program to work in conjunction with their existing loyalty card program, creating a safe, secure and responsible way to enhance their patrons’ gaming entertainment experience while at the same time dramatically reducing their dependence on cash.

Telefónica chooses G&D for O2 Wallet

Giesecke & Devrient (G&D) will ensure the security of applications in the Telefonica O2 Wallet e-wallet. O2 customers are able to use their NFC-enabled smartphones with the related NFC SIM card to make contactless payments in all participating shops around the world. The O2 Wallet will be expanded to include further applications such as coupons and loyalty programs. For the wallet service’s pilot phase, G&D is providing the NFC SIM cards and the TSM (Trusted Service Manager) service. The O2 Wallet lets users make contactless payments with their cell phone where MasterCard “PayPass” is accepted. G&D is providing the O2 Wallet’s Trusted Service Manager service, which forms the basis for secure payments. G&D’s certified software and hardware elements, including its Trusted Service Manager services, fulfill the highest security requirements of payment providers such as MasterCard or Visa for payment transaction applications.

Datacard Launches Ultimate Card Issuance Platform

Datacard Group secure ID and card personalization announced enhanced features to its “MX Series” Platform for central card issuance programs. The “MX2100” and “MX6100” card issuance systems offers true field modularity, giving card issuers the flexibility to start with functionality and capacity as their business needs expand or system requirements change. The two new MX6100 and MX2100 systems are in addition to the MX1100 entry point product. The MX2100 and MX6100 card issuance systems include advancements to both physical and logical security features, workload efficiency, and more streamlined smart card handling with an innovative quality assurance module.

VerifyValid Introduces New Payment Platform

VerifyValid web-based payment enablement and fraud prevention company launched its CheckItOut “Beta” check payment platform, which costs organizations only the cost of a check, a flat 50 cents, per transaction. The CheckItOut “Beta” platform allows any large or small business, public sector entity, utility (electric company, solid waste disposal service, etc.) or not-for-profit organization can accept check-based payments from their customers via a simple web interface, which takes only seconds to activate. VerifyValid users can launch a instant web-based payment interface allowing their customers to pay them via the Internet without the cost and complexity of merchant accounts or credit card interchange fees.

BitPay Exceeds $2mm Transaction VLM, MtoD

BitPay payment processor for bitcoin processed over $2 million during the first 25 days in March, with a transaction pace accelerating at over 3,600 completed transactions this month. With this, the company also announces that it has lowered its processing fees for all merchants to 0.99%, including settlement in any local currency that BitPay supports. This allows merchants to accept payment over the bitcoin peer-to-peer payment network, and either keep the bitcoins or receive their local currency such as dollars or euros. Settlements to local currencies are made with a guaranteed exchange rate locked at the point of sale for no additional fee. BitPay currently has over 4,000 merchants using its platform to accept payments over the peer-to-peer payment network, and BitPay is acquiring new merchants at a rate of 1,000 new merchants per month.