PURCHASE VOLUME U.S. General Purpose Cards — Midyear 2015 ... · . FAST FACTS AUGUST 2015 ISSUE 1069 Learn more & access links at nilsonreport.com Receive discounts on select events

© 2015 The Nilson Report

PURCHASE VOLUMEEurope

25

–14–8 –3

68%28% 3% <1%

Purchase Volume ($Bil.) in 2013 vs. 2014 1,967.7/2,157.81,967.7/2,157.8

97.5/104.597.5/104.5

800.5/887.6800.5/887.6

7.1/6.97.1/6.9

Market Sharesof $3,156.83 Bil. in Purchase Volume 2014

Change in Basis Points2014 vs. 2013

Visa

MasterCard

Amex

Diners

Visa Amex DinersMasterCard

4 Investments & Acquisitions — July 7 U.S. General Purpose Cards Midyear 8 Europe Purchase Volume — 2014 9 Purchase Transactions in Europe

9 Europe General Purpose Cards 10 Mideast/Africa’s Largest Credit and

Debit Card Issuers — 2014 11 GP/V/MC Issuers Mideast/Africa 2014

2 – 4 Fast Facts 5 PAX Handheld Terminal

12 MVisa Payment Service Launches in India

INSIDE CHARTS

Europe General Purpose Cards

Visa, MasterCard, American Express, and Diners Club brand credit, debit, and prepaid general purpose cards issued in Europe generated $3.157 trillion in purchases of goods and services at merchants in 2014, up 9.9%. Purchase volume on Visa cards increased by $190.10 billion or 9.7% over 2013. Purchase volume on MasterCard cards increased by $87.14 billion or 10.9% over 2013. American

Top Issuers in the Middle East and AfricaThe 50 largest Visa, MasterCard, Maestro, American Express, Diners Club, and domestic general purpose credit, debit, and prepaid consumer and commercial card issuers in the Middle

Multimodal Biometric Authentication PlatformImageWare Systems has provided biometric authentication services to government agencies in North and South America for 20 years. The company sells its GoVerifyID cloud-based credentials

Barclays Mobile Payment ProductsBarclaycard, the largest credit card issuer in the United Kingdom based on cards in circulation, has expanded its bPay contactless devices program beyond wearable wristbands to include key fobs

U.S. General Purpose Cards — Midyear 2015Credit, debit, and prepaid cards carrying American Express, Discover, MasterCard, and Visa brands generated 39.58 billion purchase transactions for goods and services at merchants from

Merchant Litigation Settlements UpendedU.S. District Court Judge Nicholas Garaufis has thrown out a 2013 agreement calling for American Express to pay up to $75 million in attorneys’ fees as part of a pending settlement of two

FICO Uses Mobile Phones to Fight Card FraudFICO, which offers Falcon neural network-based fraud fighting technology to more than 9,000 issuers, networks, and processors around the world, sees consumers as willing allies in the effort

Investments & Acquisitions — July 2015Turn to page 4 for a list of 70 mergers, acquisitions, and corporate financing deals that occurred in July 2015.Prior issues: 1067, 1065, 1063, 1061, 1059, 1057, 1055, 1054, 1053

> see p. 4

> see p. 12

> see p. 7

> see p. 6

> see p. 6

> see p. 5

> see p. 8

> see p. 8

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TRANSACTION WIRELESS, operator of a digital private label prepaid card distribution and marketing platform for mobile, social, email, and digital wallet channels, has been purchased by First Data. Terms were not disclosed. Basil Abifaker is VP of Technology at Transaction Wireless, (858) 926-5390 x102, [email protected], www.transactionwireless.com. Barry McCarthy is EVP, Network and Security Solutions at First Data, (404) 890-2220, [email protected], www.firstdata.com.

EARLY WARNING, which provides risk management products and services to 2,100 organizations, has enhanced its Batch Deposit Chek Service by adding Counterfeit Notification. David Barnhardt is VP of Product Management, Payments at Early Warning, (480) 656-5170, [email protected], www.earlywarning.com.

GREEN DOT has launched Green Dot @ the Register, which lets customers of merchants selling prepaid products log into their accounts from their desktop or mobile browser to select the Add Money at a Store option. This generates a barcode, which is printed or displayed on their mobile device. Customers present the barcode to a seller’s cashier, who scans it and collects the cash to complete a funds top-up. Helena Mao is General Manager, (626) 765-2189, [email protected], www.greendotcorp.com.

MERCURY PAYMENT SYSTEMS and DATACAP SYSTEMS have completed certification of an EMV- compliant processing service for integrated software vendors and small and midsized businesses. Datacap is an integrated payments middleware provider. Mercury is a Vantiv company. Justin Zeigler is Marketing Director at DataCap Systems, (215) 997-8989, [email protected], www.datacapsystems.com. Neeharika Nagisetty is Product Marketing Manager at Mercury, (970) 335-4679, mozvat@ mercurypay.com, www.mercurypay.com.

DISTRICT OF COLUMBIA CIRCUIT COURT OF APPEALS has reinstated a proposed antitrust class action lawsuit against Visa and MasterCard by the National ATM Council, which represents independent ATM owners. A district court’s 2013 dismissal of the case prompted the appeal. Plaintiffs allege the defendants imposed “unlawful and restrictive rules that limit discount of the access fees that ATM operators charge consumers.”

META PAYMENT SYSTEMS, a division of MetaBank, will become an issuer for InComm’s prepaid card programs. MetaBank is the 2nd largest U.S. issuer of Visa and MasterCard prepaid cards. Brad Hanson is President at MetaBank, (605) 782-1711, [email protected], www.metapay.com. Scott Meyerhoff is COO at InComm, (678) 367-6460, [email protected], www.incomm.com.

CU WALLET, provider of a mobile wallet to U.S. credit unions, has integrated merchant offers and promotion information into its product. Relevant Solutions, provider of mobile in-store shopping content for financial institutions, brokers the promotions and offers from more than 750 national merchants. Paul Fiore is CEO at CU Wallet, (310) 948-1786, [email protected], www.cuwallet.com. James Peil is CEO at Relevant Solutions, (512) 818-2272, [email protected], www.itisrelevant.com.

DIGITAL RIVER WORLD PAYMENT offers its merchant customers more than 200 payment options in 170 currencies. It will expand its global reach through a connection with Payoneer, provider of a platform for mass payout services capable of reaching recipients in 200 markets worldwide. Hayden Reed is SVP and General Manager at Digital River World Payments, (952) 225-3438, [email protected], www.digitalriver.com. Jonny Steel is VP Marketing at Payoneer, (929) 888-9393, [email protected], www.payoneer.com.

FAST

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AUGUST 2015 ISSUE 1069

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Conferences & Seminars

Wespay Payments Symposium 2015: September 15-16, 2015. The Green Valley Ranch Resort & Spas, Henderson, Nevada. Estimated attendance: 250. Cost for the two-day conference is $795 member and $1,200 nonmember. Subscribers to The Nilson Report will receive a 20% discount. Mention The Nilson Report when you contact Carla Madayag at WesPay, (415) 433-1230, [email protected]. For more information visit www.wespay.org.

Cards & Payments East Africa 2015: September 15-16, 2015. The Intercontinental Hotel, Nairobi, Kenya. Estimated attendance: 600. Cost for the two-day conference is $1,150. Subscribers to The Nilson Report will receive a 15% discount. Contact Lyndon Smith at Terrapinn, 971 (4) 440-2540, [email protected]. Register at www.terrapinn.com/cardsea.

PayThink 2015: September 28-30, 2015. The Cosmopolitan, Las Vegas, Nevada. Estimated attendance: 700. Cost for the three-day conference is $1,395. Subscribers to The Nilson Report will receive a $200 discount. (Use code TNR.) Contact Ingrid Olsen, (212) 803-8456, ingrid.olsen@ sourcemedia.com, or Kim Baker (212) 803-8475, [email protected]. Register at www.paythinkforum.com.




BANAMEX, the 2nd largest acquirer in Mexico, will acquire JCB cards at 70,000 of its more than 98,321 merchant acceptance locations. Alejandro Gomez Urquiza Yarza is Cards and Acquiring Banking Head at Banamex, 52 (55) 1226-3102, [email protected], www.banamex.com. Yusuke Matsui is SVP of Business Development at JCBI, 81 (3) 5778-8245, [email protected], www.jcbcorporate.com.

BPC BANKING TECHNOLOGIES, which has 148 clients in 52 countries using its SmartVista open system card management software, has launched a host card emulation (HCE) package that includes: server (HCE cloud), crypto-module, and interfaces to processing systems. SmartVista HCE can be implemented as an integrated or stand-alone module or as a service. Vasily Grigoriev is EVP, 41 (43) 508-4024, [email protected], www.bpcbt.com.

COMPUTOP, a payment service provider (PSP) to more than 4,000 large online sellers, will offer those clients an integrated online payment and fraud protection service using ACI Worldwide’s ReD Shield. Ralf Gladis is CEO at Computop, 49 (951) 980-090, [email protected], www.computop.com. Andy McDonald is European Sales Director, Payment and Fraud at ACI Worldwide, 44 (148) 372-8700, [email protected], www.aciworldwide.com.

PAY.ON will make MasterCard’s MasterPass digital wallet technology available to more than 110 payment service providers (PSPs) that use its global payment gateway. Those PSPs support 56,000 Web stores. David Klemm is Head of Acceptance Development, Germany at MasterCard, 49 (69) 971-21022, [email protected], www.mastercard.com. Wolfgang Berner is SVP Product at PAY.ON, 49 (89) 4523-0306, [email protected], www.payon.com.

SIA has signed a five-year contract to process JCB card payments in Italy. SIA already provides processing services to JCB in other European countries. Tom Okabe is Managing Director at JCB Int’l Europe, 44 (207) 087-4700, [email protected], www.jcbeurope.eu. Nicola Cordone is SVP and Int’l Div. Director at SIA, 39 (2) 6084 -4900, [email protected], www.sia.eu.

ZOOZ, a payment service provider to online merchants, now offers its customers the opportunity to accept bitcoins through a partnership with Bitnet, a bitcoin payment processor. Nathan Jackson is VP Europe at Zooz, 44 (333) 939-0019, [email protected], www.zooz.com. Akif Khan is Chief Commercial Officer at Bitnet, 44 (289) 024-9704, [email protected], www.bitnet.io.

LANS HOLDINGS PAYMENT SOLUTIONS, which provides card process-ing services to value added resellers, independent software developers, and merchants, has integrated with Creditcall’s EMV payment gateway and point-of-sale services. Anthony Ribas is Director at Lans, (818) 794-2573, [email protected], www.lansholdings.com. Sian Bosley is Commercial Director at Creditcall, 44 (117) 930-4455, sian.bosley@ creditcall.com, www.creditcall.com.

GLOBALCOM EMV-compliant terminals for gas stations, ticketing, parking, industrial automation, kiosk and vending, transport, and more, have been integrated with Apriva’s wireless transactions payment gateway and secure messaging services. Brian Sadowski is CIO at Apriva, (480) 421-1210, [email protected], www.apriva.com. Alessandro Gardinazzi is Int’l Business Development Director at Globalcom, 39 (34) 8570-3005, [email protected], www.globalcom-eng.com.

AMERICAN BANKNOTE CORPORATION (ABNOTE) offers PassWallet to merchants and issuers that want to provide a mobile wallet to consumers using Android devices. PassWallet, which uses technology from AboveMobile, stores and manages credit cards, bank accounts, ID documents, travel and event tickets, loyalty and prepaid cards, and coupons. John Ekers is CIO, ABnote Corp, (617) 325-9600, [email protected], www.abnote.com. Andy Nugent is Director at AboveMobile, 44 (161) 408-9342, [email protected], www.abovemobile.co.uk.

SETPAY, a mobile payment service provider in Spain, will add small and midsized merchants using an automated onboarding process from Germany--based payworks. Merchants use a mobile application for iOS and Android devices together with a Chip & PIN card reader connected via Bluetooth. If approved, they can accept EMV card payments immediately. David Pombar is CEO at SetPay, 34 (981) 939-497, david.pombar@ getsetpay.com, www.getsetpay.com. Christian Deger is CEO at payworks, 49 (89) 4161-58400, [email protected], www.payworksmobile.com.

© HSN Consultants, Inc. 2015 THE NILSON REPORT 2AUGUST 2015 / ISSUE 1069 / THE NILSON REPORT

Seventh Edition

a 2015 Nilson Report PublicationWorldwide

Largest

© HSN Consultants Inc. 2015 THE NILSON REPORT, www.nilsonreport.com/specialreport. Reproducing or allowing reproduction

or dissemination of any portion of this document in any manner is a copyright violation subject to substantial fines.

Card Issuers

Merchant Acquirersand

in

Asia/Pacific, United States, Europe, Latin America, Middle East/Africa, and Canada

Over 1,000* Card Issuersfrom 115 countries in all world regions*includes over 700 outside the U.S.

7th Edition

275* Merchant Acquirersfrom 65 countries in all world regions

*includes over 190 outside the U.S.

Figures include cardsin circulationand spending for

credit & debit card issuers

Order Todaywww.nilsonreport.com/specialreport

© 2015 HSN Consultants, Inc. THE NILSON REPORT 3AUGUST 2015 / ISSUE 1069 / THE NILSON REPORT


PAYLEVEN merchants in Brazil can receive funds from sales acquired via the payleven Chip & PIN card reader directly to a prepaid Visa card. The prepaid card will be issued by Brasil Pré Pagos. Renato Rocha is Director of Merchant Sales & Solutions Brazil at Visa, 55 (11) 2102-0335, [email protected], www.visa.com. Paulo Volpe is President at Brasil Pré Pagos, paulo@ brasilprepagos.com.br, 55 (11) 9997-93528, www.brasilprepagos.com.br. Adriana Barbosa is CEO at payleven Brazil, 55 (11) 9931-23235, [email protected], www.payleven.com.br.

GLOBAL PAYMENTS will offer its Canadian merchants mobile pay-ment, loyalty, promotion, and private label prepaid card services through a partnership with Virtual Next. Global’s customers will be able to offer a merchant-branded digital payment card that can be loaded directly into a consumer’s digital wallet without requiring an additional app. Bijan Shahrokhi is President at Virtual Next, (647) 860-4920, [email protected], www.virtualnext.com. Jeff McGuire is SVP, Product & Marketing, Global Payments, (416) 847-4597, [email protected], www.globalpaymentsinc.com.

33coupons.inLO private placement1 <$0.1 India AirbitzCR seed funding2 $0.5 U.S. American Credit CardMA Priority Payment Sys.3 * U.S. Ant FinancialML Series A4 * China BanqSoftSO KMD3 * Norway BehalfLE Series B5 $119.0 U.S. BitFuryCR undisclosed round6 $20.0 U.S. BitXCR Series A7 $4.0 Indonesia BuyatabPD seed funding1 * Canada CaixaBank/Global Pay/ErsteMA joint venture8 * Czech Rep. Capital OneMA Vantiv9 * U.S. Checkout51LO News America3 * Canada ClassWalletPR seed funding10 $1.9 U.S. CogniaFP Swisscom Ventures11 * U.K. Coin.coCR undisclosed round1 * U.S. CoinbaseCR undisclosed round12 * U.S. CoinRepublicCR meXBT3 * Singapore Columbus Data Serv.AP Cardtronics3 $80.0 U.S. Comr.seSO debt fi nancing1 $0.4 U.S. CurrencyTransferFX undisclosed round1 * U.K. eCardPR MCI EuroVentures13 * Poland EquinitiFX TransGlobal Payment3 * U.K. Ethoca TechnologiesFP undisclosed round14 $40.0 U.S. FactomCR Series A1 $1.1 U.S. FamocoHW undisclosed round15 $4.4 France FastacashSP Series B16 $15.0 Singapore FawryBP BSI Netherlands17 $21.3 Egypt First DataPR IPO18 * U.S. FlypayMP Series A19 $10.7 U.K. GemmarSO Acceo Solutions3 * Canada GiftStarterPD 500 Startups $0.1 U.S. ID Global SolutionsPR private placement1 $0.9 U.S. Innoviti Pay. SolutionsPR undisclosed round20 $5.0 India iSendMP Ding3 * U.S./Ireland iWOCALE Series B21 $20.0 U.K. JPayPR Securus Technologies3 * U.S. Karmic LabSO Series A22 $5.0 U.S. LinxensCM CVC Capital3 $1,700.0 France LivQuikMP seed funding23 $1.6 India mGiveMP Rally43 * U.S. Mint PaymentsMP private placement24 $3.0 Australia MoBeamLO undisclosed round1 $1.0 U.S.

Money MoverFX undisclosed round1 $1.6 U.K. MswipeMP Series C25 $25.0 India Multipay SASPR ID Global Solutions3 * Colombia NearexMP Series B26 * Singapore NettCashMP Mozido13 * Zimbabwe PayeverPR seed funding27 * Germany PayPalPR eBay28 * U.S. Premier PaymentsMA Newtek Bus. Sys.3 $16.5 U.S. Pret d’UnionLE Series D29 $34.0 France PromoteriLO seed funding1 $1.0 U.S. RevolutMT undisclosed round30 $2.3 U.K. Reward GatewayLO Great Hill Partners3 $217.4 U.K. ShelfbucksMP undisclosed round1 $2.8 U.S. ShoCardCR seed funding31 $1.5 U.S. ShopkeepPR Series D32 $60.0 U.S. SignifydFP Series A33 $7.0 U.S. SlimPayPR undisclosed round34 $16.6 France SoftgateBP Tio Networks3 $30.9 U.S. SpindleMT C&H Financial35 * U.S. SquarePR IPO18 * U.S. StripePR undisclosed round36 * U.S. TeleformixLO InteQ3 * U.S. ToastMT seed funding37 $0.8 Singapore Transaction WirelessPD First Data3 * U.S. UpstartLE Series C38 $35.0 U.S. XEFX Euronet3 * Canada XoomMT PayPal3 $800.0 U.S. ZinternetMP Konga.com3 * Nigeria

*Terms not disclosed. (1) Undisclosed investors. (2) Led by Block 26. (3) Acquisition. (4) Led by National Social Security Fund. (5) Includes equity and credit facility. (6) Led by DRW Trading. (7) Led by Naspers Group’s PayU unit. (8) Formed a JV in Czech Republic, Slovakia, and Romania. (9) Revenue sharing agreement for merchant acquiring. (10) Led by NewSchools Venture. (11) Undisclosed equity investment. (12) From Reinventure Group. (13) Purchased majority stake. (14) Minority Growth Equity from Spectrum Equity. (15) Led by Hi Inov. (16) Led by Rising Dragon. (17) Purchased equity stake of Raya Holdings. (18) Filed for initial public offering. (19) From TimeOut. (20) Led by Catamaran Ventures. (21) Led by CommerzBank. (22) From Greycroft Partners. (23) From Snow Leopard Tech. Ventures. (24) With Vix Investments. (25) Led by Falcon Edge Capital. (26) Led by Tata Capital. (27) From High-Tech Gruenderfonds. (28) Spin-off. (29) Led by Eurazeo. (30) From Balderon Capital. (31) Led by Enspire Capital. (32) Led by Activant Capital. (33) Led by Allegis Capital. (34) From Prime Ventures. (35) Purchased merchant processing portfolio. (36) From Kleiner Perkins, Visa, American Express, and others. (37) From Startupbootcamp. (38) Led by Third Point Ventures. Company categories: AP = ATM processor, BP = bill payment, CM = card manufacturing, CR = cryptocurrency, FP = fraud protection, FX = foreign exchange, HW = hardware, LE = lending, LO = loyalty/coupons, MA = merchant acquiring, ML = microlending, MP = mobile payments, MT = money transfer, PD = prepaid, PR = processor, SO = software, SP = social payments.


AmountCompany Buyer/Investor (mil.) Country

AmountCompany Buyer/Investor (mil.) Country

Investments & Acquisitions July 2015



The third largest POS terminal manufacturer worldwide, PAX

Technology, is marketing

a new mobile payment device

optimized for high-end retail and hospitality environments. The S900

measures 175mm x 82mm

x 63mm, features an extended life battery, and utilizes a 320 x 240 pixel color touch screen. The smart card reader is EMV Level 1 and 2 certified. Its thermal printer delivers 30 lines per second or more depending on the font.

The S900 uses the Linux operating system, which supports quick development of customized payment and other value-added software applications. Communication is GPRS or 3G connectivity (WCDMA/EVDO). Security features include PCI PTS 3x, SRED, PIN ciphered key algorithm, RSA, AES, 3DES, DUKPT, MK/SK, and fixed key as well as HASH function. The S900’s processor is 32-bit ARM11. Memory is 192MB standard (128MB Flash, 64MB

DDR) or up to 32GB using a Micro SD to enable exceptional processing and multimedia performance. The built-in audio speaker can be as loud as 90dB.

A contactless card reader is optional to support NFC for mobile and contactless transactions. Certifications include MasterCard PayPass, Visa payWave, American Express, and Discover DPAS. The S900, which is available in all world regions, has 10 numeric/letter keys and 8 function keys.

Andrew Wu is Vice President at PAX

Technology in Shenzhen, China,

86 (755) 8616-3739, andrew.wu@

paxsz.com, www.pax.com.cn.

FICO Uses Mobile Phones to Fight Card Fraud from page 1...

to curb card fraud losses, which reached $16.31 billion worldwide in 2014. FICO Consumer Fraud Control gives cardholders controls and alerts for their payment cards through an issuer’s mobile app. Features include parameters on when, where, and how cards are used.

Cardholders can block authorizations for certain transactions such as online purchases or cash withdrawals. They can set maximum transaction amounts and restrict certain types of merchants. Cardholders can create custom alerts

to monitor transactions in real time. Examples include transactions that occur in a foreign country or when a self-imposed spending threshold is about to be reached. They can use the app to instantly and

temporarily block all authorization requests if they suspect fraud or have misplaced their card(s).

FICO provides the API issuers need to integrate Consumer Fraud Control

with their mobile app. It also supplies a module that integrates with their real-time card authorization

systems. Issuers with both FICO’s Falcon fraud fighting

technology and Customer Communication Services (CCS) technology can quickly deploy Consumer Fraud Control because integration with FICO already exists. CCS offers two-way, automated voice, text, email, and mobile app notifications.

Consumer Fraud Control can be integrated with any real-time authorization system, not only those using FICO technology. It is immediately available worldwide. Initial marketing will focus on the U.S. and U.K.T.J. Horan is VP, Fraud Solutions at FICO in San

Diego, California, (858) 369-8000, [email protected],

www.fico.com.

The S900 is optimized for high-end retail and hospitality outlets.

PAX Handheld Terminal

Cardholders create custom alerts to monitor transactions in real time.


http://www.pax.com.cn

http://www.fico.com

and stickers. All use EMV-compliant technology from Gemalto. They are available to any Visa or MasterCard credit or debit cardholder in the U.K. When bPay launched in June 2014, only a wristband was available. More than 40,000 people have obtained one. Wristbands cost $39. Stickers, which can be affixed to phones or anything with a flat surface, cost $23. Key fobs cost $31. The devices can be purchased online or at select retail stores.

The devices are linked to Barclaycard’s bPay mobile wallet app for iOS and Android smartphones. The app can be downloaded from the Apple Store and Google Play Store. Consumers use the app or go online to view transactions in real time as well as to add funds and shut down lost or stolen devices.

Each bPay device links to its own digital-only Visa prepaid account. The bPay wallet can be topped up through the app or online at the bPay website using a Visa or MasterCard credit or debit card from any U.K. issuer. Payments can be made at over 300,000 U.K.

merchant locations and at all Visa payWave contactless POS terminals in the world.

In October of this year, Barclays Bank, of which Barclaycard is part, will integrate Pingit, its mobile money transfer application, with the Pay by Bank application provided by Zapp, a mobile payment service of VocaLink. Pay by Bank supports mobile payments for goods and services purchased online, with charges pulled directly from a deposit account. It is a

competitor to Visa and MasterCard debit card transactions. NFC-based Pay by Bank

payments at the point of sale will be available in 2016.The Pingit app, which launched in 2012, is

available to consumers who hold a deposit account at any U.K.-based financial institution. More than 4 million consumers have downloaded the app.

Barclays (debit cards) and Barclaycard (credit cards) will also offer Apple Pay. Mike Saunders is Managing Director of Digital

Consumer Payments at Barclaycard in London, United

Kingdom, 44 (7557) 564-817, michael.saunders@

barclaycard.co.uk, www.barclaycard.com.

Darren Foulds is Director of Mobile Banking and Pingit

at Barclays in London, United Kingdom, 44 (7775) 555-

2370, [email protected], www.barclays.com.

Merchant Litigation Settlements Upendedfrom page 1...

class-action lawsuits brought by U.S. merchants against American Express. The suit involved Amex’s Honor All Cards Provisions and Non-discrimination Provisions. None of the money has been distributed because final approval has not been given by the court. The settlement agreement does not provide for payment of any money to the merchants. The relief for merchants is American Express agreeing to changes in its card acceptance agreement.

Prior to the announced settlement, in the Honor All Cards case, American Express’s

request for a summary judgment was pending before Judge George Daniels in U.S. District Court for the Southern District of New York in Manhattan. In the Non-discrimination case before Judge Garaufis in the Eastern District of New York in Brooklyn, Amex had filed a motion to compel arbitration.

Judge Garaufis took action this month when it became known that, during negotiations between the merchants and American Express, Gary

Friedman, a lawyer representing the merchants, exchanged emails and documents with Keila Ravelo, a lawyer who was representing

MasterCard in a separate class action that pitted merchants against Visa, MasterCard, and 12 U.S. banks. Friedman was simultaneously representing the merchants in that case

as well as in the Amex case. Judge Garaufis believes the

emails and documents, which were from the Visa/MasterCard

Barclays Mobile Payment Productsfrom page 1...

Each bPay device links to its own digital-only Visa prepaid account.


http://www.barclaycard.com

http://www.barclays.com


U.S. General Purpose Cards — Midyear 2015from page 1...

January 1 through June 30, 2015 — up 3.12 billion or 8.6% over the first six months of 2014. Debit cards

accounted for 63.33%, of all purchase transactions, down from 63.86%. Credit cards accounted for

the other 36.67%, up from 36.14%.

Debit cards with the Visa brand generated 45.03% of all purchase transactions at merchants, down from 45.65%. MasterCard debit cards generated 18.30%, up from 18.21%. Visa credit cards generated 19.44% of all purchase transactions, up from 18.44%. MasterCard’s credit cards accounted for 8.70%, down from 8.84%. American Express’s cards accounted for 6.08%, down from 6.19%, and Discover cards generated 2.45%, down from 2.67%.

Prior issue: 1057

case, might have influenced the settlement proposal in the American Express case. The merchants are now seeking new legal representation. There’s no guarantee that new counsel will advise accepting all terms in the pending settlement agreement, which obliges merchants not to pursue any additional legal challenges against American Express regarding the Honor All Cards and Non-discrimination provisions for 10 years.

The 2013 court-approved settlement of the Visa/MasterCard et al. case calls for payment of up to $7.25 billion to merchants as

damages for fees merchants paid to card issuers. No money has been distributed because more than 8,000 merchants opted out of the settlement, including more than 24 that filed lawsuits individually. This gave them an opportunity to make a case for being entitled to more money than what they would have received from their share of the $7.25-billion settlement using criteria set forth in the settlement agreement. Until all individual merchants settle their lawsuits, no money can be disbursed to any of the other merchants in the class.

Those that opted out were also protesting a provision in the settlement that denied

merchants, including those that opted out, the right to seek an injunction concerning the setting of interchange fees.

News that Friedman and Ravelo exchanged

documents has prompted

merchants to ask presiding Judge John Gleeson in the

Eastern District of New York to

overturn the settlement. This raises the possibility of new settlement negotiations, perhaps for larger damages and with no provision precluding merchants from seeking even more damages for card transactions acquired since March 29, 2014.

Prior issues: 1031, 1018, 998

U.S. General Purpose Cards MY 2015 vs. MY 2014 Dollar Volume (bil.) Purch. Trans. Brand Total Chg. Purchases Chg. Cash Chg. (bil.) Chg.

Visa Credit $667.58 11.8% $641.34 11.9% $26.24 7.7% 7.70 14.5%

American Express Credit $350.80 5.5% $348.76 5.5% $2.04 3.6% 2.41 6.6%

MasterCard Credit $324.48 6.0% $311.05 6.3% $13.43 1.2% 3.45 6.9%

Discover Credit $61.05 –11.0% $56.42 –11.5% $4.63 –4.6% 0.97 –0.7%

CREDIT CARD TOTALS $1,403.91 7.6% $1,357.57 7.7% $46.35 4.2% 14.51 10.2%

Visa Debit & Prepaid $889.32 5.6% $669.02 6.2% $220.30 3.8% 17.82 7.1%

MasterCard Debit & Prepaid $377.94 7.6% $285.29 7.9% $92.65 6.6% 7.24 9.0%

DEBIT CARD TOTALS $1,267.26 6.2% $954.31 6.7% $312.95 4.6% 25.07 7.6%

CREDIT & DEBIT TOTALS $2,671.17 6.9% $2,311.88 7.3% $359.30 4.6% 39.58 8.6%

Visa Totals $1,556.90 8.1% $1,310.36 8.9% $246.54 4.2% 25.52 9.2%

MasterCard Totals $702.42 6.9% $596.34 7.0% $106.08 5.9% 10.69 8.3%

VISA & MC TOTALS $2,259.32 7.7% $1,906.70 8.3% $352.62 4.7% 36.21 9.0%

Includes all consumer and commercial credit, debit, and prepaid cards. Figures are for January 1 through June 30. American Express and Discover include business from third-party issuers. Figures include PIN-based debit fi gures for Visa (Interlink) and MasterCard to match their reporting. © 2015 The Nilson Report


Express grew by $7.01 billion or 7.2%, and Diners Club fell by 2.2% or $0.16 billion.

Visa’s market share of purchase volume was 68.35% in 2014, down

14 basis points from 68.50% in 2013. Visa’s figures include Visa Europe and the 18 Central and Eastern European countries that are part of Visa Inc. MasterCard’s market share of purchase volume of 28.12% increased by 25 basis points from 2013. American Express’s share slipped 8 basis points to 3.31%. Diners Club declined to 0.22%.

Total dollar volume, the combination of cash volume and purchase volume, reached $4.875 trillion from cards issued in Europe last year, up 10.0%. Cash volume, which includes withdrawals from funds on deposit and advances against lines

of credit, totaled $1.718 trillion. Cash accounted for 35.24% of the region’s total dollar volume in 2014, up from 35.15% in 2013.

Cash accounted for 37.19% of total volume at Visa last year, down from 37.78% in 2013. Cash accounted for 33.00% of total volume at MasterCard, up from 30.98% in 2013. At American Express, cash accounted for 2.96%. At Diners Club, cash accounted for 3.80%.

Purchase transactions generated by Visa, MasterCard, Diners Club, and American Express credit, debit, and prepaid cards issued in Europe totaled 49.57 billion in 2014, up 14.0%.

Europe General Purpose Cards from page 1...

management system and services through partners including Fujitsu, IBM, TransUnion, CA, Deutsche Telekom, and others. Those partners are helping

ImageWare offer GoVerifyID to commercial clients, including payment card issuers.

GoVerifyID is a software-as-a-service back-end platform that can handle multiple biometric features side by side, including facial, voice, fingerprint, hand geometry, behavioral, retinal, finger veins, 3D face, and signature. The platform’s database is capable of cloud-based matching of more than 200 million identity credentials in real time.

Once a consumer enrolls their biometric feature, a template is created and added to the database. The template can be used in a variety of ways, including issuing a new online password or verifying a point-of-sale transaction. The authentication process, which involves a consumer’s mobile device, typically takes a second. The consumer’s biometric feature is not stored on their mobile device.

ImageWare believes cloud-based storage of a biometric feature is more secure than storing biometric data on a mobile device, which can be lost, stolen, or hacked. On-device storage also requires registration of biometric features for every phone, tablet, etc. Cloud-based storage requires only a single registration.

When stored at GoVerifyID, a consumer’s biometric feature(s) and biographic profile are segregated. They are linked anonymously when a text message is sent to the cardholder to confirm

a purchase. That text message doesn’t hold any personal information.

ImageWare created GoVerifyID to minimize

the complexity of a client’s deployment of the system. There is no need to change any existing business process or infrastructure.

U.S. banks are testing ImageWare’s technology for in-band and out-of-band biometric authentication, including payment card transactions. GoVerifyID can be deployed anywhere in the world. Fujitsu has integrated GoVerifyID into its point-of-sale terminals and is offering it to customers in Asia. Jim Miller is CEO at ImageWare Systems, Inc. in San

Diego, California, (858) 946-0400, [email protected],

www.iwsinc.com.

...software that can handle multiple biometric features side by side.

Multimodal Biometric Authentication Platform from page 1...

Market Share of PurchaseVolume on Cards Issued

in Europe 2014

Market Share of PurchaseVolume on Cards Issued

in Europe 2014

©2015 The Nilson Report

Visa 68.4%

MasterCard 28.1%

Amex 3.3%

Diners 0.2%

2013

2018

61

68

1

Brand Share

$3.157Tril.


http://www.iwsinc.com


Visa and MasterCard cards generated 48.82 billion of those transactions or 98.48%, up from 98.41% in 2013 American Express and Diners Club cards generated the remaining 0.75 billion transactions or 1.52%.

Visa’s market share of purchase transactions was 69.76% in 2014, down from 70.80% in 2013. MasterCard’s market share of 28.72% increased from 27.61% in 2013. American Express’s 1.43% share slipped from 1.49% in 2013. Diners Club’s share was 0.09%, down from 0.10%.

General purpose cards in circulation in the region reached 1.08 billion at the end of 2014, up 8.1% over the prior year.

MasterCard and Visa cards in Europe totaled 1.06 billion and accounted for 98.10% of

all general purpose cards in the region. American Express and Diners Club cards totaled 20.5 million and accounted for the remaining 1.90%.

MasterCard had the largest increase in the number of cards in circulation. Its card base grew by 50.4 million in 2014 to 369.6 million. Visa’s card base increased by 29.4 million to 691.8 million.

Visa purchase volume on cards issued in Europe accounted for 31.62% of the combined Visa Inc. and Visa Europe worldwide total in 2014, down from 31.89% in 2013.

Purchase transactions generated by cards issued in Europe accounted for 30.62% of

Visa’s worldwide total, up from 30.04% 2013.

Cards in circulation in Europe accounted for 24.43% of Visa’s global total, down from 24.80%.

Europe accounted for 27.05% of MasterCard’s worldwide purchase volume in 2014, down from 27.34% one year before, and 27.63% of its worldwide total for purchase transactions, up from 26.48% in 2013.

Cards issued in Europe accounted for 25.72% of MasterCard’s global total of cards in circulation, up from 25.23% the prior year.

All figures shown here are for Europe as a geographic region. This differs from reporting used

by the card companies. Some card company reports include Israel in Europe and exclude certain Central and Eastern Europe countries.

Nilson Report figures for Europe include all countries in Eastern and Central Europe. They do not include Israel, which is counted with Middle East/Africa results.

Visa and MasterCard cards gen-erated 48.82 bil. transactions.

Volume (bil.) Transactions (mil.) Cards Brand Total Chg. Purchases Chg. Cash Chg. Total Chg. Purchases Chg. (mil.) Chg.

Visa $3,435.36 8.6% $2,157.79 9.7% $1,277.58 6.9% 42,853.0 9.8% 34,579.8 12.3% 691.8 4.4%

MasterCard $1,324.73 14.2% $887.63 10.9% $437.10 21.6% 16,893.5 18.4% 14,236.5 18.6% 369.6 15.8%

Amer. Express $107.68 7.2% $104.50 7.2% $3.18 8.7% 745.0 9.3% 710.5 9.3% 18.9 4.7%

Diners Club $7.19 –2.1% $6.92 –2.2% $0.27 –0.7% 45.2 0.0% 42.3 –0.1% 1.6 1.0% Totals $4,874.96 10.0% $3,156.83 9.9% $1,718.13 10.3% 60,536.7 12.0% 49,569.1 14.0% 1,081.9 8.1%

Includes all general purpose consumer and commercial credit, debit, and prepaid cards. Currency fi gures are in U.S. dollars. Change fi gures are based on local currency. Some prior year fi gures have been restated. Countries include only the 49 located on the continent of Europe (does not include Israel). Visa includes Electron and is a combination of Visa Europe and the Central and Eastern Europe countries that are part of Visa Inc. MasterCard excludes Maestro & Cirrus.


Europe General Purpose Cards 2014 vs. 2013

Purchase Transactions on Cards Issued in Europe 2014 vs. 2019Purchase Transactions on Cards Issued in Europe 2014 vs. 2019

©2015 The Nilson Report

Visa 34.58 52.95

MasterCard 14.24 23.73

Amex 0.71 1.01

Diners 0.04 0.04

49.57 77.73

2013

2018

61

61%

68

31

1

2019

2014

70

29

1

Brand 2014 (Bil.) 2019 (Bil.) Increase

53%

67%

42%

5%

57%

MarketShare >


Purchase Purch. 2014 Volume Cards Vol. Rank Issuer, Country (mil. $U.S.) (000) per Card

1 IsraCard Israel $33,446.1 4,202 $7,960 2 LeumiCard Israel $18,268.3 2,326 $7,854 3 Israel Credit Cards Israel $17,209.9 2,262 $7,608 4 Absa Bank South Africa $6,132.9 3,302 $1,857 5 Standard Bank South Africa $5,595.1 3,383 $1,654 6 First National Bank South Africa $5,085.7 2,920 $1,742 7 Emirates NBD U.A.E. $4,618.2 521 $8,869 8 Nedbank Limited South Africa $4,519.0 1,873 $2,413 9 Abu Dhabi Commercial Bank U.A.E. $2,995.9 536 $5,588 10 SABB Saudi Arabia $2,456.1 450 $5,458 11 Nat’l Comm’l Bank Saudi Arabia $1,996.4 432 $4,617 12 Investec Specialist Bank South Africa $1,963.1 93 $21,058 13 Mashreq Bank U.A.E. $1,861.9 550 $3,383 14 Samba Financial Saudi Arabia $1,621.4 596 $2,719 15 National Bank of Kuwait Kuwait $1,504.1 262 $5,730 16 Bank Audi Lebanon $1,292.2 217 $5,969 17 National Bank of Abu Dhabi U.A.E. $1,242.9 275 $4,523 18 Qatar National Bank Qatar $1,155.2 94 $12,350 19 Al-Rajhi Bank Saudi Arabia $966.2 328 $2,948 20 Kuwait Finance House Kuwait $923.1 351 $2,633 21 Riyad Bank Saudi Arabia $864.3 571 $1,513 22 Standard Chartered U.A.E. $692.9 302 $2,296 23 Arab National Bank Saudi Arabia $411.7 319 $1,291 24 Commercial Int’l Bank Egypt $367.2 238 $1,543 25 CrediMax Bahrain $363.0 76 $4,784 26 National Bank of Egypt Egypt $337.3 1,135 $297 27 Doha Bank Qatar $333.5 48 $6,986 28 Dubai Islamic Bank U.A.E. $318.2 121 $2,623 29 Diamond Bank Nigeria $310.5 75 $4,120 30 Saudi Hollandi Bank Saudi Arabia $293.7 120 $2,450 31 Arab Bank Jordan, Bahrain, Egypt (1) $275.5 102 $2,714 32 Gulf Bank Kuwait $273.5 79 $3,472 33 Dubai First U.A.E. $257.7 98 $2,621 34 Boubyan Bank Kuwait $251.2 25 $9,885 35 Bank Alfalah Pakistan $225.5 385 $586 36 Mauritius Comm’l Bank Mauritius $192.5 120 $1,607 37 BankMed Lebanon $170.0 29 $5,809 38 Blom Bank Lebanon $153.6 64 $2,403 39 HBL Pakistan $130.3 130 $1,003 40 Commercial Bank of Kuwait Kuwait $113.4 25 $4,532 41 Credit Agricole Egypt $113.1 113 $997 42 Banco de Fomento Angola $111.6 18 $6,318 43 Credit Libanais Lebanon $97.2 46 $2,129 44 MCB Bank Pakistan $90.8 62 $1,467 45 African Bank South Africa $87.0 634 $137 46 Standard Chartered Bahrain $81.9 48 $1,721 47 Ahli United Bank Kuwait $66.8 31 $2,126 48 Standard Chartered Jordan $59.2 44 $1,336 49 Jordan Kuwait Bank Jordan $56.0 15 $3,799 50 Co-Operative Bank Kenya $55.3 48 $1,140Visa, MasterCard, American Express, and Diners Club consumer & commercial credit cards. (1) And Lebanon, Palestine, Qatar, U.A.E., U.K., and Yemen.


Credit Card Issuers Mideast/Africa Debit Card Issuers Mideast/Africa Purchase Purch. 2014 Volume Cards Vol. Rank Issuer, Country (mil. $U.S.) (000) per Card

1 Al-Rajhi Bank Saudi Arabia $15,785.6 7,029 $2,246 2 Standard Bank South Africa $8,938.8 27,237 $328 3 National Bank of Kuwait Kuwait $7,478.1 851 $8,787 4 Kuwait Finance House Kuwait $7,406.8 956 $7,750 5 Nat’l Comm’l Bank Saudi Arabia $6,971.0 3,820 $1,825 6 Absa Bank South Africa $4,296.0 12,879 $334 7 Nedbank Limited South Africa $3,571.6 7,395 $483 8 First National Bank South Africa $3,531.0 9,399 $376 9 Emirates NBD U.A.E. $2,956.4 1,239 $2,387 10 Riyad Bank Saudi Arabia $2,600.4 1,738 $1,497 11 Gulf Bank Kuwait $2,423.9 266 $9,126 12 Commercial Bank of Kuwait Kuwait $2,105.0 642 $3,277 13 SABB Saudi Arabia $1,944.1 548 $3,549 14 Arab National Bank Saudi Arabia $1,859.0 1,224 $1,519 15 National Bank of Abu Dhabi U.A.E. $1,691.6 2,390 $708 16 Banco de Fomento Angola $1,438.5 903 $1,594 17 Guaranty Trust Bank Nigeria $1,195.8 4,981 $240 18 Boubyan Bank Kuwait $996.4 110 $9,099 19 Abu Dhabi Commercial Bank U.A.E. $904.6 436 $2,073 20 Ahli United Bank Kuwait $870.4 130 $6,685 21 Dubai Islamic Bank U.A.E. $861.6 1,079 $799 22 Qatar National Bank Qatar $844.9 238 $3,554 23 Doha Bank Qatar $536.5 237 $2,262 24 Saudi Hollandi Bank Saudi Arabia $503.3 301 $1,673 25 Mashreq Bank U.A.E. $465.8 254 $1,835 26 Grindrod Bank South Africa $460.3 10,054 $46 27 FirstBank Nigeria $455.9 7,020 $65 28 Attijariwafa Bank Morocco $453.8 1,065 $426 29 Mauritius Comm’l Bank Mauritius $425.6 648 $657 30 Banque Centrale Populaire Morocco $337.0 3,858 $87 31 Bank Audi Lebanon $303.5 335 $906 32 BMCE Bank Morocco $272.3 826 $330 33 Blom Bank Lebanon $214.8 184 $1,169 34 Arab Bank Jordan, Bahrain, Egypt (1) $209.4 922 $227 35 State Bank of Mauritius Mauritius $203.5 348 $584 36 Bank Dhofar Oman $189.2 357 $529 37 Bank AlJazira Saudi Arabia $157.1 66 $2,392 38 Millenium BIM Mozambique $127.1 1,054 $121 39 Zenith Bank Nigeria $126.8 1,258 $101 40 Commercial Int’l Bank Egypt $122.9 639 $192 41 National Bank of Egypt Egypt $117.8 5,332 $22 42 United Bank for Africa Nigeria $114.2 2,091 $55 43 Bank Sohar Oman $112.4 221 $508 44 Diamond Bank Nigeria $109.1 3,747 $29 45 Postbank South Africa $108.8 3,574 $30 46 Standard Chartered Kenya $106.8 139 $768 47 Bidvest Bank South Africa $78.5 241 $326 48 MCB Bank Pakistan $73.1 1,204 $61 49 Jordan Kuwait Bank Jordan $66.0 277 $239 50 Co-Operative Bank Kenya $62.5 2,511 $25Includes Visa, MasterCard, Maestro, and domestic debit & prepaid cards. (1) And Lebanon, Palestine, Qatar, U.A.E., U.K., Yemen.




General purpose: Visa, MasterCard, Maestro, American Express, Diners Club, and domestic general purpose consumer & commercial credit, debit, and prepaid cards. Visa/MasterCard results exclude Maestro and cards that carry only the Plus or Cirrus brands. (1) And Lebanon, Palestine, Qatar, United Arab Emirates, U.K., and Yemen. © 2015 The Nilson Report

Top General Purpose/Visa/MasterCard Card Issuers Mideast/Africa GENERAL PURPOSE CARD RESULTS VISA AND MASTERCARD RESULTS 2014 ‘14 Purch. Vol. ‘14 Total Vol. ‘14 Cards ‘14 Purch. Vol. ‘14 Total Vol. ‘14 Cards Issuer, Country Rank (mil. $U.S.) Rank (mil. $U.S.) Rank (000) Rank (mil. $U.S.) Rank (mil. $U.S.) Rank (000)

IsraCard Israel 1 $33,446.1 4 $34,150.9 11 4,202 1 $28,867.0 2 $29,571.8 10 3,638 Leumi Card Israel 2 $18,287.7 13 $18,416.7 18 2,359 2 $18,287.7 10 $18,416.7 14 2,359 Israel Credit Cards Israel 3 $17,226.5 14 $17,587.7 17 2,519 4 $15,775.4 12 $16,109.3 15 2,229 Al-Rajhi Bank Saudi Arabia 4 $16,751.8 1 $84,752.7 6 7,356 3 $16,751.8 1 $84,752.7 6 7,356 Standard Bank South Africa 5 $14,534.0 3 $34,716.8 1 30,620 5 $10,858.2 3 $24,289.9 1 26,957 Absa Bank South Africa 6 $10,428.9 5 $23,358.4 2 16,181 8 $8,458.3 8 $19,134.3 3 11,675 National Bank of Kuwait Kuwait 7 $8,982.2 11 $19,355.0 30 1,114 6 $8,881.8 9 $18,964.1 31 1,003 Nat’l Commercial Bank Saudi Arabia 8 $8,967.5 2 $41,769.7 10 4,253 17 $2,283.9 35 $2,765.8 43 594 First National Bank South Africa 9 $8,616.8 6 $22,463.0 3 12,319 7 $8,616.8 4 $22,463.0 2 12,319 Kuwait Finance House Kuwait 10 $8,329.9 8 $20,892.0 25 1,306 9 $8,329.9 6 $20,892.0 22 1,306 Nedbank Limited South Africa 11 $8,090.7 9 $20,460.8 5 9,268 11 $5,376.7 11 $16,457.3 5 7,787 Emirates NBD U.A.E. 12 $7,574.7 7 $21,821.7 22 1,759 10 $7,570.6 5 $21,817.4 18 1,754 SABB Saudi Arabia 13 $4,400.1 17 $14,270.3 35 998 15 $2,456.1 36 $2,663.7 47 450 Abu Dhabi Commercial Bank U.A.E. 14 $3,900.5 21 $10,222.9 37 972 12 $3,900.5 17 $10,222.9 33 972 Riyad Bank Saudi Arabia 15 $3,464.8 12 $19,122.0 19 2,309 27 $883.7 51 $1,037.4 44 583 National Bank of Abu Dhabi U.A.E. 16 $2,934.4 10 $19,576.0 15 2,665 13 $2,934.4 7 $19,576.0 12 2,665 Gulf Bank Kuwait 17 $2,697.5 24 $6,218.0 56 344 14 $2,697.5 19 $6,218.0 53 344 Mashreq Bank U.A.E. 18 $2,327.7 23 $6,230.3 42 804 16 $2,327.7 18 $6,230.3 37 804 Arab National Bank Saudi Arabia 19 $2,270.8 15 $16,013.5 24 1,543 18 $2,270.8 13 $16,013.5 20 1,543 Commercial Bank of Kuwait Kuwait 20 $2,218.4 25 $5,985.3 46 667 19 $2,218.4 20 $5,985.3 39 667 Qatar National Bank Qatar 21 $2,000.1 26 $5,199.5 57 331 20 $2,000.1 21 $5,199.5 54 331 Investec Specialist Bank South Africa 22 $1,963.1 43 $2,195.5 75 93 21 $1,963.1 39 $2,195.5 72 93 Samba Financial Saudi Arabia 23 $1,647.8 16 $15,898.5 23 1,723 22 $1,621.4 40 $2,006.6 42 596 Bank Audi Lebanon 24 $1,595.7 30 $3,640.1 49 552 23 $1,578.0 25 $3,622.0 46 547 Banco de Fomento Angola 25 $1,550.1 27 $4,230.4 39 920 58 $114.9 70 $163.0 84 38 Boubyan Bank Kuwait 26 $1,247.6 38 $3,082.6 69 135 24 $1,247.6 33 $3,082.6 65 135 Guaranty Trust Bank Nigeria 27 $1,238.2 18 $11,325.8 9 4,986 25 $1,238.2 14 $11,325.8 8 4,986 Dubai Islamic Bank U.A.E. 28 $1,179.7 19 $11,283.9 28 1,200 26 $1,179.7 15 $11,283.9 25 1,200 Ahli United Bank Kuwait 29 $937.2 41 $2,437.2 67 162 67 $66.8 82 $81.8 86 31 Doha Bank Qatar 30 $870.1 37 $3,099.2 61 285 28 $870.1 32 $3,099.2 59 285 Saudi Hollandi Bank Saudi Arabia 31 $797.0 32 $3,537.2 51 421 29 $797.0 27 $3,537.2 48 421 Standard Chartered U.A.E. 32 $692.9 58 $807.6 58 302 30 $692.9 55 $807.6 56 302 Mauritius Commercial Bank Mauritius 33 $618.1 47 $1,882.6 43 768 48 $191.3 65 $255.4 68 118 FirstBank Nigeria 34 $501.8 44 $2,087.9 7 7,077 46 $204.6 47 $1,403.0 19 1,738 Commercial International Bank Egypt 35 $490.1 42 $2,270.6 40 877 31 $490.1 38 $2,270.6 35 877 Arab Bank Jordan, Bahrain, Egypt (1) 36 $485.0 35 $3,278.9 34 1,023 32 $485.0 30 $3,278.9 30 1,023 Grindrod Bank South Africa 37 $460.3 20 $10,339.9 4 10,054 33 $460.3 16 $10,339.9 4 10,054 National Bank of Egypt Egypt 38 $455.1 31 $3,598.7 8 6,467 35 $443.6 26 $3,587.2 7 6,458 Attijariwafa Bank Morocco 39 $453.9 33 $3,513.1 33 1,075 34 $453.9 28 $3,513.1 29 1,075 Diamond Bank Nigeria 40 $419.6 34 $3,438.3 13 3,822 36 $419.6 29 $3,438.3 9 3,822 Blom Bank Lebanon 41 $368.4 52 $1,293.7 62 248 37 $368.4 48 $1,293.7 60 248 CrediMax Bahrain 42 $363.0 66 $396.3 79 76 38 $363.0 62 $396.3 76 76 Banque Centrale Populaire Morocco 43 $337.0 22 $8,029.2 12 3,858 39 $285.0 22 $4,066.0 21 1,440 BMCE Bank Morocco 44 $272.5 36 $3,153.1 41 830 40 $272.5 31 $3,153.1 36 830 Bank Alfalah Pakistan 45 $261.9 49 $1,752.2 32 1,084 41 $261.9 44 $1,752.2 28 1,084 Dubai First U.A.E. 46 $257.7 68 $269.2 73 98 42 $257.7 64 $269.2 70 98 State Bank of Mauritius Mauritius 47 $252.6 55 $975.3 52 420 43 $252.6 52 $975.3 49 420 BankMed Lebanon 48 $214.3 60 $596.8 71 122 44 $214.3 57 $596.8 67 122 Bank Dhofar Oman 49 $211.6 48 $1,791.4 54 372 45 $211.6 43 $1,791.4 51 372 Bank AlJazira Saudi Arabia 50 $196.5 57 $821.9 78 83 47 $196.5 54 $821.9 75 83


East and Africa region in 2014 represented 18 countries. This group accounted for $207.79 billion in purchase volume for goods and services in 2014, generated by 153.0 million cards in circulation.

MasterCard and Visa branded cards generated purchase volume of $178.95 billion, which accounted for 86.1% of all general purpose card activity by these 50 issuers. MasterCard and Visa cards in circulation reached 125.9 million by year-end and accounted for 82.3%.

IsraCard continued as the largest payment card issuer in the region based on purchase volume. Saudi Arabia and the United Arab Emirates had the most issuers in the top 50 ranking with 8 each. There were 6 issuers based in Kuwait and 6 in South Africa. Also represented on the list were issuers from Angola, Bahrain, Egypt, Jordan, Lebanon, Mauritius, Morocco, Nigeria, Oman, Pakistan, Palestine, Qatar, and Yemen.

When measuring general purpose credit cards only, among the 10 largest based on purchase volume, the issuers ranked 1st through 3rd were unchanged from 2013 and were all from Israel. The next 3 were from South Africa, with Standard Bank moving up to 5th from 7th. Emirates NBD of United Arab Emirates

moved up to 7th from 8th.When measuring general

purpose debit and prepaid cards only, the 8 largest based on purchase volume

remained the same as in 2013, led by Al-Rajhi Bank of Saudi Arabia, Standard Bank of South Africa, National Bank of Kuwait, Kuwait Finance House, and National Commercial Bank of Saudi Arabia. Guaranty Trust Bank of Nigeria moved up to 17th from 20th, Boubyan Bank of Kuwait moved up to 18th from 22nd, Mashreq Bank of the United Arab Emirates moved up to 25th from 29th, FirstBank of Nigeria moved up to 27th from 72nd, and Diamond Bank of Nigeria moved up to 44th from 52nd.

Top Issuers in the Middle East and Africa from page 1...

Axis Bank, HDFC Bank, ICICI Bank, and State Bank of India

plan to sign 20,000 merchants to participate in a test of a new QR code-based mobile payment system called mVisa. Debit, credit, and prepaid cardholders from those same banks will download the mVisa app and use their smartphones to scan a QR code on a tent card at participating merchants to make the payments. The mVisa app will automatically populate the

app with the merchant’s bank account details, which will then be sent to the merchant’s bank after the cardholder presses “pay.” The merchant and the cardholder will receive SMS text messages in near real time to confirm the transaction.

The 20,000 online and face-to-face retailers and utility companies will print QR codes or merchant codes on their invoices. Cardholders will also be able to use mVisa to make person-to-person (P2P) money transfers. All payment features are built on the existing Visa Direct account-to-account money transfer service within VisaNet.

Visa sees future growth in utilizing VisaNet in ways similar to what is accomplished with Visa Direct. To support that effort it has decided to employ 1,000 technology developers in India as well as another 1,000 in Singapore and the U.S. over the next 12 to 18 months to create standardized application programming interfaces to access VisaNet from every kind of connected device including appliances and cars. Uttam Nayak is Senior VP, Emerging

Markets Digital at Visa Inc. in

Mumbai, India, 91 (22) 6725-8214,

[email protected], www.visa.com.

MVisa Payment Service Launches in India

Purchase volume on MasterCard and Visa cards was $178.95 bil.


© 2015 HSN Consultants, Inc. THE NILSON REPORT All Rights Reserved. Reproducing or allowing reproduction or dissemination of any portion of this newsletter in any manner for any purpose is strictly prohibited and may violate the intellectual property rights of HSN Consultants, Inc. dba The Nilson Report.

David Robertson, PublisherAugust 14, 2015

http://www.visa.com


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PURCHASE VOLUME U.S. General Purpose Cards — Midyear 2015 ... · . FAST FACTS AUGUST 2015 ISSUE 1069 Learn more & access links at nilsonreport.com Receive discounts on select events