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

Medical Data Breaches Offer Best Source for Fraud

Medical Data Breaches Offer Best Source for Fraud

Data breaches dominated the news over the past two years, some with devastating impact. Data theft from government agencies, healthcare providers, financial institutions, telecoms, retailers, and social networks proved that no industry is immune from attack. Javelin’s new 2016 Data Breach Fraud Impact report assesses how the relationship between data breaches and consumer identity fraud will…

Visa + MasterCard Purchase Dollar Volume Up a Robust 10.4%

Visa + MasterCard Purchase Dollar Volume Up a Robust 10.4%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV) for Visa and MasterCard payment cards (credit + debit) in the first quarter (1Q/16) grew at an annual rate (YOY) of 10.4% YOY. U.S. Visa and MasterCard reported payment card PDV of $1010 billion for 1Q/16, compared to $1032 billion in the prior quarter, and $915…

U.S. Purchase Transactions for Visa & MC Continues Robust Growth

U.S. Purchase Transactions for Visa & MC Continues Robust Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Purchase transactions (PTX) for Visa and MasterCard credit and debit cards in the U.S. grew by 11.7% year-on-year (YOY) in the first quarter (1Q/16) to 19.3 billion. The growth was driven by credit cards, and more specifically MasterCard. U.S. purchase transactions for Visa and MasterCard credit cards grew by 12.9% YOY, coming…

Top 4 U.S. Issuer Active Accounts Up Driven Solely by COF

Top 4 U.S. Issuer Active Accounts Up Driven Solely by COF

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the Top 4 U.S. issuers, edged up 4.2% year-on-year (YOY) in the first quarter (1Q/16). Capital One (COF) was the only issuer to post real positive YOY AAC gain in the first quarter. While Chase was up, BofA had…

Visa and MasterCard Payment Card CDV Rises 7.6% YOY

Visa and MasterCard Payment Card CDV Rises 7.6% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Cash Dollar Volume (CDV) for Visa and MasterCard (credit + debit) in the first quarter (1Q/16) grew at an annual rate (YOY) of 7.6%. The growth was driven by MasterCard debit cards. Visa U.S. payment card (credit + debit) CDV for 1Q/16 was up 7.4%. MasterCard U.S. payment card (credit…

UnionPay and BCcard Roll-Out HCE mobile QuickPass in South Korea

UnionPay and BCcard Roll-Out HCE mobile QuickPass in South Korea

UnionPay and BCcard jointly launched UnionPay HCE mobile QuickPass in South Korea, which will enable the local UnionPay cardholders to pay by tapping their mobile phones. South Korea becomes the first overseas market to have launched mobile QuickPass. Mobile QuickPass is UnionPay’s new mobile payment solution. It supports both offline contactless payment via mobile phones…

U.S. Gross Credit Card Accounts Among Top 4 Issuers Flat YOY

U.S. Gross Credit Card Accounts Among Top 4 Issuers Flat YOY

[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 nation’s four largest issuers were flat year-on-year (YOY) in the first quarter (1Q/16) to 190.0 million, compared to 189.9 million one-year ago. The GAC growth is driven by Capital One, while Chase, Bank of America (BofA) and Citibank face YOY…

Capital One Posts Double-Digit YOY Gain in U.S. Cards-in-Force

Capital One Posts Double-Digit YOY Gain in U.S. Cards-in-Force

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Credit Cards-in-Force (CIF) among the Top 4 issuers edged up by a mere 1.9% year-on-year (YOY) at the end of the first quarter (1Q/16) to an estimated 236.1 million cards, compared to 232.9 million in 4Q/15, and 231.6 million for 1Q/15. Capital One blew the other three top issuers away…

Visa Continues to Lead the Major 4 Networks in U.S. GDV YOY

Visa Continues to Lead the Major 4 Networks in U.S. GDV YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 9.0% year-on-year (YOY) in 1Q/16 reaching a record $1401 billion.   Visa led the way in the first quarter posting a 10.0% YOY gain for U.S. GDV. Visa reported first quarter GDV…

Other News: FISERV; CHECKALT; SAFETYPAY; and CARDX

In Other News: FISERV (Notifi); CHECKALT (Klik); SAFETYPAY (growth); and CARDX (Paychex). FISERV – Fiserv has launched a platform for the delivery of real-time alerts, enabling financial institutions to meet growing expectations among consumers and small businesses for information that is timely and actionable. Notifi from Fiserv consolidates information from across a financial institution’s systems…