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

American Express and Facebook to Pilot Amex Bot for Messenger

American Express and Facebook to Pilot Amex Bot for Messenger

American Express and Facebook are working hand-in-hand to explore innovative new experiences to interact with Card Members in Messenger. American Express expects to launch a pilot Amex bot for Messenger in the coming months for eligible U.S. Consumer and OPEN Card Members who opt-in to participate. The concept demonstrated how American Express Card Members could…

Visa + MC U.S. GDV Rises 9.9% YOY Driven by Credit Cards

Visa + MC U.S. GDV Rises 9.9% YOY Driven by Credit Cards

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) for Visa and MasterCard (credit + debit) in the first quarter (1Q/16) grew 9.9% year-on-year (YOY). Credit card growth outpaced debit cards in the U.S. by 150 basis points (bps) YOY. Visa U.S. payment card (credit + debit) GDV for 1Q/16 was up 10.0%. MasterCard U.S.…

Mobile Banking Accelerating But Mobile Lending is a Real Laggard

Mobile Banking Accelerating But Mobile Lending is a Real Laggard

New research confirms online payments are taking off, however alternative e-lending is sputtering. Online payment services are the most popular alternative to traditional banking with 19% of consumers, but customers who borrowed money from peer-to-peer or marketplace lenders remained flat, with no signs of growth. FICO’s latest consumer finance trend research has revealed that a…

Capital One Drives Top 4 US Issuers GDV YOY Growth

Capital One Drives Top 4 US Issuers GDV YOY Growth

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Gross Dollar Volume (GDV) among the top four bank credit card issuers, rose an estimated 9.9% year-on-year (YOY) in the first quarter (1Q/16). The growth was driven by Capital One’s explosive growth. The top four U.S. issuers racked up an estimated $295.2 billon in GDV for 1Q/16, compared to $322.5…

Major 4 Networks Global Cards-in-Force Up 6.4%

Major 4 Networks Global Cards-in-Force Up 6.4%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global payment cards-in force (CIF) [credit + debit] grew by 6.4% year-on-year (YOY) in the first quarter (1Q/16) to 4300 million. The growth has been largely driven by Visa and MasterCard’s international “inclusion” drive with debit (& prepaid) cards.

Visa and MasterCard U.S. credit CIF rose 7.1% YOY from 492 million one-year…

Other News: TSYS; BILLTRUST; MAINSTREAM; and RIPPLE

In Other News: TSYS (Equinox); BILLTRUST (AvidXchange); MAINSTREAM (Revel); and RIPPLE (clients). TSYS – TSYS and Equinox Payments announced the availability of a semi-integrated payments solution to help Value-Added Resellers (VARs) quickly and easily develop and release EMV-certified technology to their customers. Running on the Equinox Apollo terminal, the Voyager application is an EMV-certified solution…

Visa & MC Global Purchase Transactions Gain Momentum

Visa & MC Global Purchase Transactions Gain Momentum

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Global purchase transactions (PTX) for Visa and MasterCard debit and credit cards, excluding Visa Europe, soared 15.4% year-on-year (YOY) in the first quarter (1Q/16). The YOY growth rate has been steadily expanding each quarter. The two networks combined processed 39.8 billion purchase transactions in 1Q/16, compared to 40.8 billion for the fourth…

U.S. Credit Cards-in-Force Rising 6% YOY Among Major 4 Networks

U.S. Credit Cards-in-Force Rising 6% YOY Among Major 4 Networks

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total U.S. credit/charge cards-in-force (CIF) in the first quarter (1Q/16) for Visa, MasterCard, American Express and Discover was up 6.1% year-on-year (YOY). At the end of 1Q/16, there were 656 million U.S. credit/charge CIF compared to 618 million for 1Q/15. Total U.S. credit cards for 1Q/16 stands at an estimated 655.8…

Capital One Continues to Drive U.S. PDV Growth 20% YOY

Capital One Continues to Drive U.S. PDV Growth 20% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] U.S. Purchase Dollar Volume (PDV) among the top four U.S. bank credit card issuers, rose 10.0% year-on-year (YOY) in the first quarter (1Q/16). Capital One PDV grew more than 20% YOY, while Chase and Citi also scored double digit gains. The top four U.S. issuers racked up $281.4 billon in PDV for…

U.S. Credit Card Charge-Offs Head North Crossing 300 bps

U.S. Credit Card Charge-Offs Head North Crossing 300 bps

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The charge-off rate, seasonally adjusted (SA), among the top 100 U.S. banks for the first quarter (1Q/16) increased 12 basis points (bps) sequentially (QTQ), and up 13 bps year-on-year (YOY). On a not seasonally adjusted basis (NSA), the charge-off rate among the top 100 U.S. banks for 1Q/16, rose 24 bps…