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

PayVector’s New Owners Add Best-of-Breed Fraud Prevention

PayVector’s New Owners Add Best-of-Breed Fraud Prevention

The PayVector payment processing gateway is in the new hands of Guildford, UK-based ai Corporation from Iridium Corporation. The PayVector gateway processes payments for 38,000 merchants & £2 billion transactions per year. The acquisition will bring together best-of-breed fraud prevention with multi-channel payment processing. PayVector was founded in 2007 to offer a wide range of…

MasterCard Promotes Julie Yang to Oversee Chinese Market

MasterCard Promotes Julie Yang to Oversee Chinese Market

MasterCard is beefing-up its market in China with promotions and new hires. Julie Yang will become Senior Vice President, Core Business, China. Shawn Zheng will join MasterCard as Senior Vice President, Account Management, MasterCard China. Grace Chan will be appointed as Senior Business Leader, China Consumer Products Lead, Product Management. Regina Cheung, will join MasterCard…

UK Credit Card Debt Continues to Hover at 7% YOY Level in May

UK Credit Card Debt Continues to Hover at 7% YOY Level in May

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.K. consumer credit continued to expand at a brisk pace in May, hovering around 10% year-on-year YOY. In May total consumer credit grew to £184.3 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 10.7% and 9.9% respectively. The Bank of England (BOE) reports consumer credit increased by…

Payments as a Service (PaaS) Need EMV-Enabled Security

Payments as a Service (PaaS) Need EMV-Enabled Security

As Payments as a Service (Paas) soars, multiple businesses have formed partnerships and rolled out new EMV-enabled security to protect sensitive payment information. According to the latest edition of the PYMNTS.com Payments as a Service Tracker, done collaboratively with Cayan, several companies have partnered with one another to improve their security going forward. Action Systems…

Major 4 Networks Quarterly Profits Slip, but Hang Around $4B

Major 4 Networks Quarterly Profits Slip, but Hang Around $4B

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Profits for the top four networks declined 1.9% year-on-year (YOY) in the first quarter (1Q/16). Visa, MasterCard, American Express and Discover reported a combined 1Q/16 profit of $3935 million, compared to $4012 million for 4Q/15 and $4012 for 1Q/15. The decline was led by MasterCard, while Visa posted the strongest gain…

Visa Intl Debit Card PDV Up 520 bps YOY as MC Posts Solid YOY

Visa Intl Debit Card PDV Up 520 bps YOY as MC Posts Solid YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Visa and MasterCard international payment card (credit + debit) purchase dollar volume (PDV) for the first quarter (1Q/16) posted US$1081 billion, up 4.4% year-on-year (YOY), on a nominal basis. Visa international credit card PDV has been soaring, driving the gains. For the first quarter, on a currency adjusted basis (FX), Visa…

Avg 30+ Day Delinquency Heads South for Top 4 Issuers

Avg 30+ Day Delinquency Heads South for Top 4 Issuers

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Average early stage delinquency (30+ days) for the first quarter (1Q/16), among the nation’s Top 4 issuers, dropped 9 basis points (bps) sequentially, and dropped year-on-year (YOY) by 1 bps. Two of the Top 4, reported declines. The nation’s largest issuer, Chase, reported delinquency increased to 1.45% in 1Q/16, compared to…