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

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…

NFC FORUM; FIRST DATA; MASTERCARD; and CBW BANK

In Other News: NFC FORUM (report); FIRST DATA (SIVB); MASTERCARD (Microsoft); and CBW BANK (award). NFC FORUM – The NFC Forum announced the publication of a definitive white paper focused on the Internet of Things (IoT) and Near Field Communication (NFC) in the smart home. Titled ″Simplifying IoT: Connecting, Commissioning, and Controlling with Near Field…

flexReceipts Picks Up Investment from Synchrony

flexReceipts Picks Up Investment from Synchrony

Synchrony Financial is pumping money into flexReceipts, a provider of enriched digital receipts, data analytics and customer engagement solutions. Through its e-receipts functionality, flexReceipts provides retailers with SKU-level data and analytics on transactions, enabling the delivery of customized engagement offers based on behavioral insights. The investment was made through Synchrony Financial’s Strategic Investments Group, which…