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

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…

India Millennials Take to Purchases via Mobile

India Millennials Take to Purchases via Mobile

A new report finds 67% of millennials in India purchased goods via their mobile device. For those who shop using their mobile device, they do so more frequently—and with lower transaction values—than non-millennials. ACI Worldwide inaugural Indian FinTech Commerce & Payment Study asked approximately 400 employees in the FinTech space about their shopping habits and payment preferences…

Data Financial’s eWizPro Taking Vegas by Storm

Data Financial’s eWizPro Taking Vegas by Storm

Data Financial is celebrating ten years of growth with eWizPro, the company’s electronic gaming chip fill/credit and slot jackpot system for cage and count room operations. When initially introduced, eWizPro represented the first major technology leap from the manual, labor-intensive fill/credit process that many casinos have used, and still use today. Data Financial, Inc. earned…