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

Card Industry Risk-Adjusted Revenue Rises 13% in 2015

Risk-Adjusted Revenue Rises 13%

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Revenue earned by the card industry last year is roughly $165 billion. However, pre-tax net income after all expenses (charge offs, operating expense and cost of funds) falls to $121.0 billion. According to R.K. Hammer there can be a large difference between these two metrics. Risk-Adjusted” is just that, the default…

Mobvoi Smart Watch

Mobvoi Smart Watch Payment

Oberthur Technologies has inked a key partnership with Mobvoi smart watch an artificial intelligence company, and China Union Pay (CUP), to launch one of the first Android smart watches allowing secure contactless payment in China secured by OT’s embedded Secure Element. Mobvoi’s Ticwatch is the best selling Android smart watch in China since its launch…

Mobile In-App Transactions Up 24% YOY

Mobile In-App Transactions Up 24% YOY

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Mobile app users are spending $7.40 on paid-for apps every three months and $9.20 on in-app transactions, resulting in a quarter more spending on in-app transactions According to an online consumer survey by Gartner, app users spend 24% more on in-app transactions than on upfront app payments. The survey found that…

ZOZI Advance Software Platform Launched

ZOZI Advance Software Platform Launched

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] ZOZI announced the launch of robust ticketing capabilities for its Software as a Service (SaaS) bookings, payments, and reservations platform, ZOZI Advance. The ZOZI Advance software platform already helps thousands of activity businesses across nearly 90 countries grow their business, process online bookings, manage complex reservations, and accept EMV mobile payments…

JCB card logo

JCB Inks Major Ctrip Prepaid Deal

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] JCB has inked a license agreement for issuing prepaid cards for abroad (electronic travel checks) with Ctrip Financial Service (Hong Kong) Limited, which is the first online travel agency in China. Ctrip operates websites and apps and provides online reservation services mainly in China for travel related products such as hotel,…

V+M Transactions Reveal an Uptick After Wallowing

V+M Transactions Reveal an Uptick After Wallowing

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Total Visa and MasterCard processed transactions (TX) in the first quarter (1Q/16) hovers below year-on-year (YOY) growth rates of the past three years, but showing an uptick. MasterCard, is by far running away with significant YOY gains over Visa, posting double-digit gains versus Visa’s single-digit gains in 1Q/16. Combined Visa and…

ProCash 280 To-Date & Climbing for Wincor Nixdorf

Wincor Nixdorf ProCash 280

Wincor Nixdorf reports it has shipped its 100,000th ProCash 280 globally. The recipient of the recently rolled out 100,000th ProCash 280 is one of the top banks in Thailand. Wincor Nixdor shipped its first ProCash 280 system in 2010, has since expanded its footprint to 125 customers in 65 countries across five continents. The success…

Credit Card Complaints Settle Down but CRA - NOT

Credit Card Complaints Settle Down but CRA – NOT

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The latest Consumer Financial Protection Bureau (CFPB) monthly consumer complaint snapshot finds credit reporting complaints lead the pack, but bank credit card issuers land second place. However, overall credit card complaints declined 2%. By average monthly complaint volume, Equifax (1,014), Experian (911), (765) were the most-complained-about companies for December 2015. Capital…