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

U.S. Consumer Credit Hits the Brakes in April

U.S. Consumer Credit Hits the Brakes in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] April consumer revolving credit card debt slowed considerably at an annual rate of +2.1%, compared to a revised +13.3%% in March and a revised +2.9% in February. Overall consumer credit increased at a seasonally adjusted annual rate of +4.5% in April. Non-revolving credit increased at an annual rate of +5.4%. Total…

Wells Fargo to Lead the Charge in B2P Next Year

Wells Fargo to Lead the Charge in B2P Next Year

Wells Fargo is rolling-out Payment Manager B2P (business-to-person) in early 2017, enabling businesses to pay any consumer who has a U.S. bank account without collecting or storing sensitive bank account information. Wells Fargo & Company’s commercial, corporate, and institutional customers will soon be able to speed up B2P (business-to-person) electronic payments with its new payment…

Australia Consumer Card Spending Heads North in April

Australia Consumer Card Spending Heads North in April

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Australian credit card gross dollar volume (GDV) slipped upward, posting a 2.7% year-on-year (YOY) in April. Purchase dollar volume (PDV) increased 2.6% YOY and cash dollar volume (CDV) was 0.5% YOY YOY in April. GDV rose in April to AU$24.3 billion, compared to a revised AU$26.3 billion in the prior month…

Four Online Checkout Blind Spots Facing Larger Merchants

Four Online Checkout Blind Spots Facing Larger Merchants

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] A new study reveals several blind spots for larger merchants when it comes to converting online shoppers into buyers at checkout. The latest PYMNTS.com/BlueSnap Checkout Conversion Index shows an improvement of three points to 56.4 from Q1 2016 to Q2 this year. Only 10 websites scored an “A” (75-plus), 162 earned…

Other News: VISA; ACI; MASTERCARD; and CHASE (P2P)

In Other News: NXT-ID (DreamTrips); INTELLICHECK (funding); REVEL (Vantiv); and CAUSE (exec). VISA Visa is now a member of the Alliance for Safe Online Pharmacies (ASOP Global), says ASOP Global’s Executive Director, Libby Baney and Martin Elliott, global head of brand protection for Visa. ACI – ACI Worldwide and PT Indopay Merchant Services (Indopay), a…

The Logic Group First Global P2PE v2 Certified

The Logic Group First Global P2PE v2 Certified

Omni-channel Managed Payment Services provider, The Logic Group,reports its Solve DataShield Payments Solution is the first in the world to receive global accreditation from the PCI Council for Point-to-Point Encryption Version 2 (P2PE v2).   The key benefit of P2PE v2 is its modularity.  Merchants using this solution will not only gain the established benefits…

FICO Acquires QuadMetrics and Launches Enterprise Security Score

FICO Acquires QuadMetrics and Launches Enterprise Security Score

FICO has acquired QuadMetrics to complement its FICO Falcon Cybersecurity Analytics threat detection solution. FICO also says it is developing a FICO Enterprise Security Score, which will rank an organization’s level of cybersecurity risk. QuadMetrics is a cyber risk security scoring company from Ann Arbor, Michigan. QuadMetrics leverages predictive analytics to monitor signals from open…

Ads Promoting Apple Pay at Checkout Produce Results

Ads Promoting Apple Pay at Checkout Produce Results

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] New research discovered smartphone users shown digital advertising at point-of-sale are more apt to pull out their iPhone to make a purchase, and even spend more during the transaction. USA Technologies (USAT) tested whether targeted point-of-sale advertising of Apple Pay acceptance would increase usage of mobile payments by consumers. Initial findings…