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

FreshBooks Intros First Card Reader for Android

FreshBooks Intros First Card Reader for Android

Toronto-based FreshBooks has introduced the FreshBooks Card Reader for Android. FreshBooks’ first piece of hardware, the card reader helps small business owners accept credit card payments from anywhere using their mobile device. Offering the most up-to-date EMV security technology, the FreshBooks Card Reader provides dual chip-and-swipe capability to protected small business owners from fraudulent transactions.…

Citi’s LAC and AP Intl Card Units Show Further Deterioration

Citi’s LAC and AP Intl Card Units Show Further Deterioration

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citibank’s international credit card business in the Latin America Caribbean (LAC) region continues to struggle in the first quarter (1Q/16) as all metrics are negative year-on-year (YOY) and quarter-to-quarter (QTQ). After currency adjusted (FX) Citi LAC posted flat revenue and negative income. In the Asia (AP) region, which also includes the…

MasterPass to Energize the Humanoid Robot Pepper

MasterPass to Energize the Humanoid Robot Pepper

MasterCard is going back to future introducing the first commerce application for SoftBank Robotics’ humanoid robot Pepper. The application will be powered by MasterPass. Pizza Hut Restaurants Asia P/L will be the inaugural launch partner working with MasterCard. A major first step forward in bringing conversational commerce experiences to merchants and consumers, this new app…

Rapid Migration to Mobile Functionality is Drivings FIs Nutz

Rapid Migration to Mobile Functionality is Drivings FIs Nutz

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] The dramatic shift to smartphones and tablets is driving financial institutions crazy to keep up. New research shows 50% of the U.S. adult population use mobile functionality to bank, which is 29 million more than last year. JAVELIN’s 2016 Mobile Banking Financial Institution Scorecard: Mobile Becomes the Remote Control for Banking,…

Wells Fargo Wallet for Android to Hit the U.S. Market

Wells Fargo Wallet for Android to Hit the U.S. Market

Wells Fargo Wallet is integrating into the existing Wells Fargo mobile app experience for Android users, this summer. Wells Fargo Wallet quickly and conveniently adds eligible Wells Fargo debit and credit cards so customers may easily make purchases by tapping an Android phone at millions of NFC-enabled payment terminals worldwide. For more seamless money management,…

Citi’s Retail Card Metrics Weaken as Accounts Nudge Down

Citi’s Retail Card Metrics Weaken as Accounts Nudge Down

[ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”0″ ihc_mb_template=”1″] Citibank’s average yield for its North America retail credit card portfolio dropped slightly year-on-year (YOY) in the first quarter (1Q/16). However, charge-offs spiked quarter-to-quarter (QTQ) as both early stage and late stage delinquency edged upward during the first quarter. Citi’s retail credit card portfolio includes ExxonMobil, Macy’s, Sears, Shell, Best Buy,…

Fitbit Eyeing NFC Payments After Gobbling Up Coin

Fitbit Eyeing NFC Payments After Gobbling Up Coin

The popular connected health and fitness market specialist, Fitbit, has inked a deal to acquire the wearable payment assets of startup Coin. The deal includes key personnel and intellectual property specific to Coin’s wearables payment platform. While there are no plans to integrate Coin’s wearable payments technology into the 2016 Fitbit product roadmap, the acquisition…