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Idemia and Zwipe Are Biometric Card PartnersThe second largest payment card manufacturer in the world, Idemia, has formed a partnership with Zwipe, a provider of ultra-low-power technology used to add biometric authentication
7 U.S. General Purpose Cards Midyear ‘19 vs. Midyear ‘18
8 Market Share of Top 10 Global Acquirers vs. Remaining 140
9 Largest 150 Merchant Acquirers Worldwide 2018
10 U.S. V/MC Credit Card Issuers Midyear Outstandings and Volume
2 – 3 Fast Facts 4 Investments & Acquisitions—August 20195 SoftPOS in EMEA and APAC5 Ocean Plastic Payment Cards
INSIDE CHARTS
U.S. Visa and Mastercard Credit Card Issuers—January 1 through June 30, 2019
The 100 largest U.S. issuers of Visa and Mastercard credit cards are ranked by outstandings and total volume on pages 10 and 11. The 10 largest issuers based on outstandings collectively were up 4.6% when comparing June 30, 2019 to June 30, 2018. The second 10 were up 8.8%, and the third 10 were up 2.9%. The 10 largest issuers based on purchase volume collectively were up 7.4% when comparing the six months from January 1-June 30, 2019 to the same period the prior year. The second 10 were up 6.9%, and the third 10 were up 8.8%.
Europe Mobile Payment AssociationThe European Mobile Payment Systems Association (Empsa) has been formed by companies in Austria, Belgium, Denmark, Finland, Germany, Norway, Portugal, Sweden, and Switzerland.
Top 150 Merchant Acquirers Worldwide
Turn to page 9 for a ranking of the 150 largest merchant acquirers of general purpose credit, debit, and prepaid card transactions handled during calendar year 2018. Those acquirers
U.S. General Purpose Card Brands—Midyear 2019
Visa, Mastercard, American Express, and Discover brand credit, debit, and prepaid cards generated 54.23 billion purchase transactions from January 1 through June 30, 2019—an increase
Verrency Cloud-Based MiddlewareCard issuers, account processors, and others use cloud-based middleware from Verrency to launch new products and services using APIs while maintaining their existing issuing software
Amazon PayCode/Amazon Cash in the U.S.The U.S. has become the 20th country in which customers of amazon.com can pay cash over the counter at a Western Union (WU) location for purchases made online using Amazon PayCode.
Walmart/Capital One Credit CardsThe first credit cards from the new partnership of Walmart and Capital One are available. The Capital One Walmart Rewards Mastercard offers 5% back on purchases from walmart.com,
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Chase Citi Bank ofAmer.
CapitalOne
USBank
WellsFargo
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16017
6
174
18219
3207
356
389
Top U.S. Issuers ofVisa & Mastercard Credit Cards
Based on Spending at Midyear ($Bil.)
Note: Midyear spending covers January 1 through June 30.© 2019 The Nilson Report
> see p. 6
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FOR 49 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE SEPTEMBER 2019 / ISSUE 1161
© 2019 HSN Consultants, Inc. THE NILSON REPORT
Conferences & Seminars
Asia Global Payment Summit 2019: October 10-11, 2019. The Sofitel Bali Nusa Dua, Bali, Indonesia. Estimated attendance: 150. Cost for the two-day confer-ence is $1,695 for full program; $1,295 for one-day pass until October 1, 2019. Subscribers to The Nilson Report will receive a 20% discount. (Use code NILSONDISCOUNT.) Contact Adriana Screpnic at Currency Research, ascrepnic@ currency-research.com. Register at www.globalpaymentsummit.com.
Next-Generation Cards 2019: October 15-16, 2019. The Novotel Singapore Clarke Quay, Singapore. Estimated attendance: 250. Cost for the two-day conference ranges from $120 to $750. Subscribers to The Nilson Report will receive a 20% discount. (Use code NR_NGC.) Contact Zoe Ye at APSCA, 86 (21) 3120-0321 x17, zoe.ye@ apsca.org. Register at www.apsca.org/events/ngc2019/registration.
Seamless West Africa 2019: November 4-6, 2019. The Movenpick Ambassador Hotel, Accra, Ghana, Africa. Estimated at-tendance: 500+. Cost for the three-day conference is $495 ($675 with pre-event) until October 11 (group rates available). Subscribers to The Nilson Report will receive a 20% discount. (Use code Nils20.) Contact Kimberly Vorster at Terrapinn, 27 (11) 516-4034, [email protected]. Register at http://bit.ly/2mR7H0q.
CARDSESSION 2019: November 21, 2019. The Plaza Ambassador Zlata Husa Hotel, Prague, Czech Republic. Estimated attendance: 250+. Cost for the one-day confer-ence is $200. Subscribers to The Nilson Report will receive a 30% discount. (Use code CARDS2019.) Contact Roman Kotlan at Bank Card Association, 420 (604) 727-501, [email protected]. Register at http://cardsession.com/registration.html.
SYNAPSE, which provides payment, deposit, lending, and investment products as APIs to fintech companies, has joined Cardtronics-owned Allpoint Network to give its customers access to those 55,000 surcharge-free ATMs. Sankaet Pathak is CEO at Synapse, [email protected], www.synapsefi.com. Brian Bailey is EVP and Managing Director, North America at Cardtronics, bbailey@ cardtronics.com, www.cardtronics.com.
EQUIFAX plans to add consumer-permissioned data from Urjanet to the information available to lenders, insurers, and other businesses looking to create a credit risk score by early next year. Urjanet delivers information from more than 6,500 electricity, natural gas, water, waste, cable, and telecom providers in 47 countries. Sid Singh is President, U.S. Information Solutions at Equifax, [email protected], www.equifax.com.
WEX’S Corporate Payments division has launched a business segment dedicated to financial institutions and their technology providers. Corporate Payments is the fastest growing line of business at Wex. Greg Sassone is VP, Corporate Payments, [email protected], www.wexinc.com.
CONTROLSCAN has been selected by FIS’s Worldpay merchant services division to provide managed security and compliance services that help secure IT networks and protect payment card data for payment facilitators. Nicole Jass is SVP of Product, Merchant Services at FIS, [email protected], www.worldpay.com. Matt Loos is EVP of Business Development at ControlScan, mloos@ controlscan.com, www.controlscan.com.
CORRECTION: In issue #1160 we published a POS terminal figure for MagTek. The figure was an estimate and should have been marked as such. We regret the oversight.
ELAVON, a global payments provider and subsidiary of U.S. Bank, will integrate Brighterion’s artificial intelligence platform into its network to minimize fraud and manage risk. Brighterion, a Mastercard company, can analyze nearly 100 billion transactions annually. Ajay Bhalla is President Cyber & Intelligence at Mastercard, [email protected], https://brighterion.com. Tim Miller is SVP Global Credit and Risk at Elavon, [email protected], www.elavon.com.
COMDATA has joined Billtrust’s Business Payments Net-work, which gives buyers the ability to automate electronic payments to suppliers. Comdata, the largest Mastercard purchasing/fleet card issuer in North America, is responsible for paying more than $55 billion to 800,000 suppliers on behalf of 30,000 customers. Nick Babinsky is VP & GM, Busi-ness Payments Network at Billtrust, [email protected], www.billtrust.com. Jack Sevier is Director of Product Strategy at Comdata, [email protected], www.comdata.com.
PAYACTIV provides employees real-time access to up to one half of their earned wages prior to receiving their paycheck. The company processed more than $1 billion for U.S. workers in 2018. It uses Digital Disbursements from Fiserv to enable employees to push money to a checking or savings account. Fiserv does this via Visa Direct. Safwan Shah is CEO at PayActiv, [email protected], www.payactiv.com. Tom Allanson is President, Electronic Payments at Fiserv, [email protected], www.fiserv.com.
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FACT
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No paid advertising. No sponsored content of any kind. No company can pay to be featured in our newsletter.
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BLUEFIN has received U.S. Patent No. 10,382,405, Managing Payload Decryption Via Fingerprints, a continuation of U.S. Patent No. 9,953,316, issued in April 2018. This expands Bluefin’s patent coverage of its proprietary fingerprinting methods and point-to-point encryption management computing systems. Ruston Miles of Chief of Strategy, [email protected], www.bluefin.com.
EVERYWARE bills itself as a conversational payment gateway. The company’s technology lets retailers automatically send text receipts after every purchase to authorize and validate payments. Larry Talley is CEO, [email protected], www.everyware.com.
FORTER’S dynamic authentication, part of its fraud prevention platform, has been integrated with Mastercard’s Smart Interface payment authentication services. Combined, Forter’s and Mastercard’s capabilities provide merchants with real-time approve-or-decline intelligence for all forms of payment. If fraud is suspected, Strong Customer Authentication (SCA) is triggered. Michael Reitblat is CEO at Forter, [email protected], www.forter.com.
CHASE MERCHANT SERVICES is offering same-day deposits to Chase bank accounts to small business customers that use WePay, a payment facilitator purchased by Chase in 2017. Rich Aberman is Chief Strategy Officer at WePay, [email protected], www.wepay.com.
NOVOPAYMENT can provide APIs that Visa clients and partners can use to scale the deployment of Visa Direct for instant payments, P2P and P2M pay-ments, account-to-account payments, fast funds, and mass payouts, as well as the use of Visa Token Services. Anabel Perez is CEO at NovoPayment, [email protected], www.novopayment.com. Ruben Salazar is SVP of Products and Solutions, Latin America and the Caribbean at Visa, [email protected], www.visa.com.
NETS and KPMG have collaborated to develop Nets Fraud Ensemble, which provides fraud monitoring and prevention for issuers, merchants, and cardholders. It can block fraudulent card-present and card-not-present trans-actions using multiple models to analyze each individual transaction within ten milliseconds. Sune Gabelgard is Head of Fraud, Intelligence & Research at Nets, [email protected], www.nets.eu. Bent Dalager is Nordic Head of NewTech and Financial Services at KPMG, [email protected], www.kpmg.com.
ADVANZIA BANK in Luxembourg has become a Principal Member of Visa for credit card issuing. The bank provides credit card issuing services for private banks and other financial institutions, including white label and co-branded programs under the Omnium and Capitol brands. Jean-Marie de Crayencour is Country Manager for Belgium and Luxemburg at Visa, [email protected], www.visa.com. Roland Ludwig is CEO at Advanzia, roland.ludwig@ advanzia.com, www.advanzia.com.
SIA has created the Tap&Go platform that enables passengers in Rome to pay for their tickets in Atac’s subway and railway network at the turnstiles using Mastercard, Visa, and American Express contactless credit and debit cards. The platform lets Atac manage, authorize, account for, and settle payment transactions and calculate the best fare according to the number of trips made. Cardholders can also use their card as a monthly pass. Eugenio Tornaghi is Marketing & Sales Director at SIA, [email protected], www.sia.eu.
SBM BANK in Kenya will issue prepaid UnionPay brand cards denominated in local currency (shillings) with yuan and USD denominations to follow next year. Customers will be able to top up the card at SBM bank branches. Paul Kaguru is Head of Cards at SBM Bank Kenya, paul.kaguru@ sbmbank.co.ke, www.sbmbank.co.ke. Luping Zhang is Africa General Manager at UnionPay, [email protected], www.unionpayintl.com.
TRIBE PAYMENTS has received certification from Visa for issuer and acquir-er processing services in the European Economic Area. The company also has certification from Mastercard and UnionPay. Jill Docherty is Head of Business Development at Visa, [email protected], www.visa.com. Suresh Vaghjiani is CEO at Tribe Payments, [email protected], www.tribepayments.com.
DIVIDO, a multinational, omnichannel white-label platform provider of point-of-purchase (monthly installment) financing, has opened for business in France. Clients include BMW, BNP, and Mastercard. Christer Holloman is CEO at Divido, [email protected], www.divido.com.
MOORWAND is a licensed Electronic Money Institution from the Financial Conduct Authority of the United Kingdom. It offers Mastercard, Visa, UnionPay, and JCB issuing services as well as ecommerce and in-store acquiring services in the European Economic Area. Robert Courtneidge is CEO at Moorwand, [email protected], www.moorwand.com.
PREPAY SOLUTIONS (PPS), a subsidiary of Edenred, has been granted an E-Money License from the National Bank of Belgium and has opened an office in Brussels. U.K.-based PPS provides digital banking and payment services throughout Europe. Ray Brash is CEO at PrePay, ray.brash@ prepaysolutions.com, www.prepaysolutions.com.
BANCO SANTANDER has launched JCB merchant acquiring operations in Spain. Tsuyoshi Notani is Managing Director, JCB Europe, [email protected], www.jcb.co.jp. Ruben Justel is Managing Director at Santander España Merchant Services, [email protected], www.gruposantander.es.
CELLPOINT DIGITAL is the new name of CellPoint Mobile, provider of digital commerce and payment services for airlines and other travel companies. Kristian Gjerding is CEO, [email protected], www.cellpointmobile.com.
MASTERCARD debit card issuing banks in the U.K., including Clydesdale Bank, Metro Bank, Monzo, N26, Starling Bank, Virgin Money, Yorkshire Bank, and Santander, will pay retailers 12 pence to provide cash over the counter to their customers beginning in April 2020. Mark Barnett is President, U.K., Ireland, Nordics, and Baltics at Mastercard, [email protected], www.mastercard.com.
WIREX, a U.K.-based, FCA-regulated fintech company, provides its customers with a Visa card that they can use to convert and spend their cryptocurren-cies. The company has over 2 million users in 130 countries and has processed transactions valued at over $2.50 billion. Wirex also provides cross-border remittances and cryptocurrency/fiat currency exchange accounts. Cardholders earn up to 1.5% back in Bitcoin on Wirex Visa card spending. Dmitry Lazarichev is CEO at Wirex, [email protected], www.wirexapp.com.
© HSN Consultants, Inc. 2019 THE NILSON REPORT 2SEPTEMBER 2019 / ISSUE 1161 / THE NILSON REPORT© 2019 HSN Consultants, Inc. THE NILSON REPORT 3SEPTEMBER 2019 / ISSUE 1161 / THE NILSON REPORT
There were 61 acquisitions and investment transactions that occurred in 17 countries in
August 2019. The U.S. led with 27 transactions, followed by Asia-Pacific with 16, Europe with 12.
Africa, Canada, and Latin America each had 2.
Company Buyer/Investor Amt. (mil.) Country
ATMS
DFW Bitcoin Bitcoin Depot 1 * U.S.
Eclipse Cash Sys. Payment Alliance 1 * U.S.
B2B PAYMENTS
BankTEL AvidXchange 1 * U.S.
C2FO Series G 2 $200.0 U.S.
BLOCKCHAIN/CRYPTOCURRENCY
Backbone Hosting Bitfarms 1 * Canada
Baton Systems Series A 3 $12.0 U.S.
Bitwala Series A 4 $14.2 Germany
Blade seed funding 5 $4.3 U.S.
BlockFi Series A 6 $18.3 U.S.
Blocko Series B 7 $7.5 South Korea
Coinmine seed funding 8 $2.5 U.S.
Liquineq seed funding 9 * Switzerland
Xapo Custody Coinbase 1 $55.0 Hong Kong
CREDIT CARDS
Mutual of Omaha Bank CIT 1 * U.S.
HARDWARE
BBPOS unknown venture round 10 $8.0 Hong Kong
LENDING
Credit Sesame unknown venture round 11 $43.0 U.S.
Creditjusto Series B 12 $42.0 Mexico
Faircent Series C 13 * India
Funding Circle securitization 14 $198.0 U.S.
Lendingkart unknown venture round 15 $3.0 India
LendingPoint credit facility 16 $250.0 U.S.
Lunar Way unknown venture round 17 $28.5 Denmark
Mpower debt fi nancing 12 $100.0 U.S.
Tri-Link Asia Paidy 1 * Taiwan
LOYALTY/INCENTIVES
Drop Series B 18 $44.0 Canada
Edge Loyalty Blackhawk Network 1 $21.7 Australia
Future Coupons Amazon 19 * India
Ibotta Series D 20 * U.S.
MERCHANT ACQUIRING/ACCOUNT PROCESSING
BharatPe Series B 21 $50.0 India
CardX debt fi nancing 22 $2.0 U.S.
ePayrails Series A 23 $2.5 U.S.
Fawry IPO 24 $97.0 Egypt
FreedomPay equity investment 10 * U.S.
Heidelpay KKR 1 $672.0 Germany
India1 ATM unknown venture round 25 $20.8 India
Company Buyer/Investor Amt. (mil.) Country
MERCHANT ACQUIRING/ACCOUNT PROCESSING (Continued)
iPSP.de Credit Pilot 1 * Germany
Klarna unknown venture round 26 $460.0 Sweden
Nets Corp. Services Mastercard 1 $3,190.0 Denmark
QVO Kushki Pagos 1 * Chile
Simplicity First Mindbody 1 * India
TriSource Solutions Repay 1 $65.0 U.S.
Zelis RedCard 27 * U.S.
MOBILE PAYMENTS
Nomanini Series D 28 $4.0 South Africa
QFPay Series C 29 $20.0 China
Tala Series D 30 $110.0 U.S.
Toss (Viva Republica) Series F 31 $64.0 South Korea
PERSONAL FINANCE
Esusu seed funding 32 $1.6 U.S.
Grove Wealthfront 1 * U.S.
Money Dashboard crowdfunding 33 $5.7 U.K.
Numbers unknown venture round 10 $40.0 Switzerland
Ramp Financial unknown venture round 34 $7.0 U.S.
United Income Capital One 1 * U.S.
Welsh Delio unknown venture round 35 $3.3 U.K.
PREPAID
Seven Miles Oakley Capital 1 * Germany
SECURITY
AUIOTIX private equity 36 $60.0 Cyprus
EFTsure Series B 37 $2.5 Australia
Look Who's Charging Experian 1 * Australia
SOFTWARE
H20.ai Series D 12 $72.5 U.S.
Radius Intelligence Kabbage 1 * U.S.
Recko seed funding 38 * India
*Terms not disclosed. 1 Acquisition. 2 Led by SoftBank Vision Fund. 3 Led by Trinity Ventures. 4 Led by Sony Financial Ventures. 5 From Coinbase. 6 Led by Valar Ventures. 7 Including Shinhan Bank and KEB Hana Bank. 8 Led by M13. 9 From Blufolio. 10 Investors not disclosed. 11 Led by ATW Partners. 12 Led by Goldman Sachs. 13 Led by Das Capital. 14 U.S. small business loans. 15 Led by Sistema Asia Fund. 16 From Guggenheim Securities. 17 Led by Seed Capital. 18 Led by Hof Capital. 19 Purchased 49% equity. 20 Led by Koch Disruptive Technologies. 21 Led by Insight Capital. 22 From Pace Financial. 23 From Aspire Fund Management. 24 On the Egyptian stock exchange. 25 From ICICI Venture and Banktech. 26 Led by Dragoneer. 27 Merger. 28 Led by Standard Bank. 29 Led by Sequoia Capital and Matrix Partners. 30 Led by RPS Ventures. 31 Led by Aspex Management. 32 Led by Acumen Fund. 33 On Crowdcube. 34 Led by Adam Rothenberg. 35 Led by Development Bank of Wales. 36 From TPG. 37 From Our Innovation Fund. 38 Led by Prime Venture Partners and Locus Ventures. © 2019 The Nilson Report
Investments & Acquisitions August 2019
Investments & Acquisitions—August 2019
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Latest generation (S8 and later) Samsung-manufactured smartphones and tablets will be promoted as card payment acceptance devices for contactless transactions of any amount through Fiserv (formerly First Data) in Europe, the Middle East, and Africa (EMEA) and Asia-Pacific (APAC). Fiserv’s Software Point of Sale (SoftPOS) mobile app uses embedded near field communication (NFC) functionality to accept payments from cards, mobile phones, wearables, and key fobs. A SoftPOS pilot will take place in Poland by the end of 2019 where Visa and Mastercard contactless payments are already popular. The SoftPOS test will focus on micromerchants, which are those with small, low-value transactions.
Samsung further supports the contactless payment terminal initiative with Knox multilayered security protocols it preinstalls in the architecture of phones, tablets, and wearables to protect against malware, ransomware, and unauthorized rooting. All data is immediately encrypted in the Samsung devices.
Fiserv is working with Visa, Mastercard, and Samsung to bring SoftPOS to EMEA and APAC. SoftPOS is PCI-compliant, including supporting PIN data entry on a phone or tablet screen. John Gibbons is Executive VP and head of EMEA at
Fiserv in London, U.K., [email protected],
www.fiserv.com.
One of the top providers of payment cards in the U.S., CPI Card Group, is the first to market with an EMV-compliant card
manufactured using a core of recovered plastic waste from land areas within 31 miles (50 kilometers) of an ocean or near a stream or river that feeds into an ocean. CPI Card Group has filed for patent protection for manufacturing processes related to handling the ocean-bound plastic used to create what it calls Second Wave cards, a name it has trademarked.
CPI Card’s investment includes vetting suppliers to confirm that recycled material was recovered from areas where the debris would have entered the ocean. It intends to create a suite of card products that use this recovered material.
Second Wave cards are available for contact and dual-interface applications.
Separately, American Express has announced it will issue consumer and commercial Green cards in 2020 using reclaimed plastic, primarily from beaches, islands, and coastal communities. The reclaimed plastic will be obtained through Parley Ocean Plastic. CPI Card Group will not be the manufacturer.
Parley has created a global supply chain for marine plastic debris.
American Express will also initiate a card recycling program in 2020 for U.S. region consumer, small business, and commercial cards. Cardholders will send expired plastic cards back to American Express. The company has also pledged to help Parley remove up to one million pounds of marine plastic from beaches. Jason Bohrer is Senior VP, Secure
Card Solutions at CPI Card
Group in Littleton, Colorado,
www.cpicardgroup.com.
Cyrill Gutsch is CEO at Parley
for Oceans in New York,
www.parley.tv/#fortheoceans.
... has created a global supply chain for marine plastic debris.
SoftPOS in EMEA and APAC
Ocean Plastic Payment Cards
© 2019 HSN Consultants, Inc. THE NILSON REPORT 5SEPTEMBER 2019 / ISSUE 1161 / THE NILSON REPORT
without modification or replacement. Verrency’s real-time platform operates on Amazon Web Services (AWS) but can be modified for Microsoft Azure, Google Cloud, and other PCI-compliant cloud environments. Its
standard service configuration has been tested at 3,000 transactions per second, per customer at under 100 millisecond latency with 99.999% availability.
Middleware takes less time to deploy and is less costly than writing new code to modify legacy software or migrating to new technology. Verrency, which is PCI-DSS Level 1 certified, can complete a deployment, direct to market or to a sandbox, in four months. It has also built a partner network of over 40 companies, which, on a white-label basis, offer API-based services that issuers, processors, banks, and super-apps can use to redeem rewards, facilitate
disbursements, round up payments to savings or charitable accounts, deliver installment credit to the point of sale, pay with points in
real time, and access dozens of other use cases.
One of those partners is Coinify.
When connected to Verrency, Coinify lets banks give consumers the ability to use their cryptocurrencies and other virtual assets for payment at any Visa, Mastercard, or local-market-only merchant using existing card
infrastructure. Coinify provides virtual currency to fiat currency conversion services anywhere in the world to businesses and individuals by way of a technology-agnostic gateway.
Verrency, which signed its first client less than two years ago, operates on a software-as-a-service basis. Clients including FIS, Emirates NBD, eftpos, and Banco Davivienda pay a monthly minimum and a monthly per-card fee. Emirates NBD uses Verrency to operate its Liv credit card, which lets cardholders customize their own rewards program, including changing its parameters in real time. Neither Emirates NBD nor its processor, Network International, had to write
special code to accommodate Liv cards. David Link is CEO
at Verrency in
Melbourne, Australia, david.link@
verrency.com, www.verrency.com.
Mark Højgaard is CEO at Coinify in
Holte, Denmark, [email protected],
www.coinify.com.
including free pickup of merchandise at Walmart locations. During the first year, new cardholders also get 5% back for purchases inside Walmart stores
when cardholders use the Walmart Pay mobile app. After 12 months that reward rate falls to 2% back. Cardholders also receive 2% back on spending at restaurants and for travel, and for fuel at Walmart & Murphy USA fuel stations. Cardholders will receive 1% back on all other purchases where Mastercard is accepted. The Mastercard card has no annual fee or fee for cross-border transactions.
Cardholders can redeem their reward points at the Capital One website for travel, private label prepaid cards, and statement credits. They can also be applied against the total purchase amount when buying at walmart.com.
Prospects can apply for the card at walmart.com, from within the Walmart app, at capitalone.com, or from their mobile devices via a text message. After approval, the customer will receive a virtual card for immediate use. If they also sign up for Walmart Pay or have an existing account at Walmart, they can load the new card into their app.
Current Walmart co-branded Mastercard and private label customers are going to be converted to the new cards beginning October 11 after Synchrony
Cardholders get 5% back when using the Walmart Pay app.
...has been tested at 3,000 trans-actions per second, per customer.
Verrency Cloud-Based Middleware from page 1...
Walmart/Capital One Credit Cards from page 1...
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of 3.93 billion or up 7.8% versus the first six months of 2018. Mastercard and Visa brand debit cards accounted for 61.09% of combined debit and credit purchase transactions, a drop from 61.17% versus midyear 2018. Credit cards generated the other 38.91%, an increase from 38.83%.
Debit cards with the Visa brand accounted for 43.31% of all purchase transactions in the first six months of 2019, a decline from 43.36% for the same period in 2018.
Credit cards with the Visa brand accounted for 22.32% of all purchase transactions, down from 22.68%.
Mastercard debit cards generated 17.78%, down from 17.81%. Mastercard credit cards generated 8.87%, up from 8.49%.
American Express cards generated 5.37%, up from 5.35%. Discover cards generated 2.35%, up from 2.31%.
Mastercard credit cards had the largest percentage increase in purchase volume of all of the card brands
and types, followed by Visa debit cards, Mastercard debit cards, and American Express credit cards.
Cash accounted for 2.90% of total credit card volume, down from 3.07%, while cash accounted for 21.10% of total debit card volume, down from 22.60%.
Among the credit card brands, Mastercard was the only one to gain share in total volume (up to 22.92% from 22.22%). Visa’s share dropped to 52.55% from 53.05%, American Express’s share dropped to 20.64% from 20.73%, and Discover’s share dropped to 3.89% from 3.99%.
Prior issues: 1138, 1115
Bank completes the sale the existing portfolio to Capital One.
Walmart private label card customers will also receive the 5% back offer available to Walmart Mastercard customers. That 5% back matches the private label debit or credit Target Redcard as well as the Amazon Prime Rewards Visa credit card. In addition, private label Walmart
cardholders will earn 2% back when buying fuel at Walmart and Murphy USA. Daniel Eckert is Senior
VP Walmart Services and
Digital Acceleration in
Bentonville, Arkansas, daniel.
www.walmart.com.
Daniel Mouadeb is Senior VP and
Head of Walmart Cards at Capital
One in McLean, Virginia, daniel.
www.capitalone.com.
Includes all consumer, small business, and commercial credit, debit, and prepaid cards for January 1 through June 30. American Express and Discover include business from third-party issuers. Figures include PIN-based debit card fi gures for Visa (Interlink) and Mastercard to match their reporting. Visa debit purchase volume and purchase transactions include Visa Direct. © 2019 The Nilson Report
Dollar Volume (bil.) Purch. Trans.Brand Total Chg. Purchases Chg. Cash Chg. (bil.) Chg.
Visa Credit $ 1,030.21 6.5% $ 1,000.77 6.7% $ 29.44 2.4% 12.11 6.1%
Mastercard Credit $ 449.39 10.9% $ 431.49 11.4% $ 17.90 1.1% 4.81 12.7%
American Express Credit $ 404.70 7.1% $ 401.86 7.1% $ 2.84 7.5% 2.91 8.2%
Discover Credit $ 76.32 4.9% $ 69.56 5.5% $ 6.76 –1.1% 1.28 9.6%
CREDIT CARD TOTALS $ 1,960.62 7.6% $ 1,903.68 7.8% $ 56.94 1.8% 21.10 8.0%
Visa Debit & Prepaid $ 1,207.20 8.1% $ 949.60 10.2% $ 257.60 0.8% 23.49 7.7%
Mastercard Debit & Prepaid $ 487.20 6.8% $ 387.24 8.7% $ 99.96 –0.1% 9.64 7.6%
DEBIT CARD TOTALS $ 1,694.40 7.7% $ 1,336.84 9.8% $ 357.56 0.6% 33.13 7.7%
CREDIT & DEBIT TOTALS $ 3,655.02 7.6% $ 3,240.52 8.6% $ 414.50 0.7% 54.23 7.8%
Visa Totals $ 2,237.41 7.4% $ 1,950.37 8.4% $ 287.04 1.0% 35.59 7.2%
Mastercard Totals $ 936.59 8.7% $ 818.73 10.1% $ 117.86 0.1% 14.45 9.3%
V&MC TOTALS $ 3,174.00 7.8% $ 2,769.10 8.9% $ 404.90 0.7% 50.04 7.8%
U.S. General Purpose Cards Midyear ‘19 vs. Midyear ‘18
U.S. General Purpose Card Brands—Midyear 2019 from page 1...
© 2019 HSN Consultants, Inc. THE NILSON REPORT 7SEPTEMBER 2019 / ISSUE 1161 / THE NILSON REPORT
to high-security cards. The companies expect biometric payment cards will gain increasing
acceptance by card issuers. However, biometric
payment cards, which provide greater security at the point of sale than a PIN, will become
mass-market only if the cost is significantly reduced. Idemia
and Zwipe are investing several million
euros to make that happen. The partners will use that
money to put on a single chip the functions that currently require a secure element, a microcontroller, and more than 30 other external components, all of which are mounted on a flexible, printed circuit board.
Of the 20 tests of biometric cards worldwide over the last three years, 12 have used Zwipe technology. Idemia and Zwipe say their new platform will be available to issuers in the second half of 2020, with high-volume production available in 2021.
Zwipe will have exclusive global rights to offer the single chip technology to manufacturers of cards, wearables, and other payment devices as well as to suppliers. Idemia will own the intellectual property rights. It will sell biometric payment cards under the F.Code trademark. The Idemia/Zwipe integrated single chip technology will be agnostic to the type of fingerprint sensor, passive inlay, and EMV chip.
Card manufacturers have a choice—build their own biometric card technology platform, as Idemia is doing, or buy the technology from third parties. Competitors to the integrated Idemia/Zwipe platform will include Infineon and NXP. Idemia wants to be the first to market.
Multiple options for card manufacturers and their issuer clients are necessary to
move biometric cards beyond being a niche product. When manufacturers and issuers have lower-cost technology and mass-market deployments are feasible, the industry will face another hurdle—agreeing on the best option for enrolling a cardholder’s fingerprint for their new card (downloads, in branch, at home). Downloads to a smartphone
would be the least expensive. Before that can happen, Apple will have to agree to participate,
something it has not done in any test of biometric payment cards.Amanda Gourbault is Executive
VP for Financial Institutions at
Idemia in Courbevoie, France,
www.idemia.com.
Andre Lovestam is CEO at Zwipe in
Oslo, Norway, [email protected],
www.zwipe.com.
Prior issues: 1156, 1153, 1149
were headquartered in 41 countries. U.S.-based companies accounted for 34 places on the ranking. There were 11 acquirers from Iran, where all transactions handled are domestic-market-only debit card payments.
Russian acquirers held 8 places. Acquirers in France held 6 places. There were 5 each in Japan and Turkey and 4 each in Australia, Brazil, Italy, and South Korea.
New to the top 10 was China UMS, which jumped over Brazil-based Cielo. New to the top 150 were PagSeguro in Brazil and Millennium BCP in Portugal.
Prior issues: 1139, 1117, 1095
High-volume production will be available in 2021.
Market Share of Top 10 Acquirersvs. Remaining 140
299.63Bil.
First Data
11.8
48.7 8.5
5.9
5.7
4.8
2.6
4.4
2.6
2.5
2.5Barclays
China UMS
Citi
Wells
Acquirers ranked11-150
Worldpay
BofA
Chase
GlobalPayments
Sberbank
© 2019 The Nilson Report
Top 150 Merchant Acquirers Worldwide from page 1...
Idemia and Zwipe Are Biometric Card Partners from page 1...
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Ranked by all purchase transactions (Visa, Mastercard, UnionPay, American Express, Discover, Diners Club, JCB, domestic debit and domestic credit) by country. Group includes transactions from all countries in which the company is an acquirer. 1 Estimate. 2 Formerly Citi Asia-Pacifi c. © 2019 The Nilson Report
Rank Acquirer, CountryTrans.(mil.)
1 Worldpay, Group 35,235.3 2 JPMorgan Chase, Group 25,609.5
3 Bank of America, Group 17,707.1
4 First Data, Group 17,052.8
5 Sberbank, Russia 14,371.9 6 Global Payments, Group 1 13,187.2
7 Barclays, Group 7,930.0
8 China UMS, China 7,769.8
9 Citi Merchant Serv., U.S. 7,563.6
10 Wells Fargo, U.S. 7,416.2
11 Cielo, Group 7,021.8
12 Elavon, Group 6,146.5
13 BC Card, South Korea 5,192.0
14 Rede, Brazil 4,436.7
15 Behpardakht Mellat, Iran 4,392.5
16 Moneris Solutions, Canada 3,953.8
17 Credit Agricole, France 3,613.4
18 Credit Mutuel, France 3,611.2
19 Saman e-Pay, Iran 3,603.3
20 Nets, Denmark 3,578.6
21 Worldline, France 3,478.3
22 Asan Pardakht Persian, Iran 3,155.8
23 KB Kookmin, South Korea 3,148.9
24 Swedbank Group, Sweden 3,124.3
25 JCB, Japan 3,082.8
26 EVO, Group 3,029.5
27 Parsian E-Commerce, Iran 2,909.9
28 Santander, Group 2,856.2
29 BBVA, Group 2,610.3
30 ANZ, Group 2,354.8
31 Westpac, Australia 2,157.6
32 BPCE, France 2,014.1
33 Iran Kish Credit Card, Iran 1,893.7
34 Commonwealth, Australia 1,877.5
35 BNP Paribas, France 1,844.0
36 TSYS, U.S. 1,802.0
37 Societe Generale, France 1,648.4
38 Intesa Sanpaolo, Italy 1,636.4
39 Samsung Card, South Korea 1,616.5
40 Nexi Payments, Italy 1,597.9
41 Mitsubishi UFJ Nicos, Japan 1,540.7
42 Hyundai Card, South Korea 1,535.4
43 Transbank, Chile 1,529.5
44 TD Merchant Solutions, Group 1,452.4
45 Natl. Australia Bank, Australia 1,383.5
46 Prisma Med. de Pago, Argen. 1,373.4
47 VTB Bank, Russia 1,362.3
48 Sadad Informatics, Iran 1,253.1
49 PagSeguro, Brazil 1 1,235.0
50 Garanti Bank, Turkey 1,228.1
Rank Acquirer, CountryTrans.(mil.)
51 BS Payone, Germany 1,175.0
52 UniCredit Group, Italy 1,111.1
53 Lloyds Bank Cardnet MS, U.K. 1,081.1
54 Aeon Financial Serv., Japan 1,055.5
55 Raiff eisen Bank, Austria 1,013.0
56 Yapi Kredi Bank, Turkey 973.9
57 T. Isbank, Turkey 958.1
58 Pasargad Elec. Payment, Iran 930.6
59 PrivatBank, Ukraine 900.7
60 Desjardins (Monetico), Canada 892.3
61 StoneCo, Brazil 890.3
62 Ingenico Pay. Serv., Germany 874.8
63 Paysafe, U.S. 793.0
64 Fanava Card, Iran 774.8
65 Credit Saison, Japan 759.4
66 Banco de Sabadell, Spain 732.7
67 Market Pay, France 709.9
68 First Natl Bank, South Africa 689.4
69 Akbank, Turkey 662.2
70 Concardis, Germany 654.5
71 No. American Bancard, U.S. 599.3
72 Gazprombank, Russia 590.1
73 Merrick Bank, U.S. 587.6
74 Handelsbanken, Sweden 568.0
75 Priority Payment Sys., U.S. 536.6
76 PNC Merchant Services, U.S. 535.0
77 La Banque Postale, France 527.8
78 SunTrust Merchant Serv., U.S. 515.6
79 Bambora, Sweden 513.8
80 BAC Credomatic, Group 503.7
81 Unicre, Portugal 501.4
82 Wirecard, Singapore 2 500.1
83 Standard Bank, South Africa 458.1
84 Bankia, Spain 444.9
85 Banorte, Mexico 417.1
86 Evertec Group, Puerto Rico 410.1
87 CSOB, Czech Republic 405.8
88 Redwood Merch. Serv., U.S. 404.8
89 Russian Standard, Russia 401.6
90 VisaNet, Peru 397.1
91 Shift4Payments, U.S. 384.6
92 Pardakht Novin Arian, Iran 329.9
93 Valitor, Iceland 326.0
94 CTBC, Taiwan 306.6
95 First Amer. Pymt. Sys., U.S. 303.8
96 Vero, Brazil 302.3
97 T. Halk Bankasi, Turkey 295.2
98 Network Intl, U.A.E. 294.7
99 Swiss Post, Switzerland 264.1
100 SEB Group, Estonia 252.7
Rank Acquirer, CountryTrans.(mil.)
101 BB&T, U.S. 246.8
102 Vakifbank, Turkey 245.8
103 Nedbank, South Africa 234.9
104 Tinkoff Bank, Russia 231.8
105 Sayan Card, Iran 220.3
106 Electronic Payments, U.S. 214.7
107 QNB Finansbank, Turkey 210.6
108 Al Rajhi Bank, Saudi Arabia 205.9
109 T.C Ziraat Bankasi, Turkey 199.1
110 Sepehr Electronic Paymt, Iran 198.9
111 Clearent, U.S. 197.4
112 Kasikornbank, Thailand 194.1
113 Piraeus Bank, Greece 193.0
114 Denizbank, Turkey 189.9
115 Alpha Bank, Greece 188.1
116 Nuvei Technologies, U.S. 185.1
117 NCCC, Taiwan 184.4
118 Alfa Bank, Russia 184.3
119 National Bank, Greece 180.4
120 Card Complete, Austria 174.5
121 Turk Ekonomi Bankasi, Turkey 167.3
122 Intuit, U.S. 165.1
123 Bancolombia, Colombia 164.8
124 Mashreq Bank, U.A.E. 164.0
125 SBI Payment Services, India 163.5
126 Borgun, Iceland 160.5
127 Gravity Payments, U.S. 155.2
128 Titanium Payments, U.S. 153.6
129 Orient Corp., Japan 149.4
130 BNL Positivity, Italy 147.9
131 KeyBank, U.S. 145.8
132 First Abu Dhabi Bank, U.A.E. 142.0
133 FIS, U.S. 140.9
134 Hang Seng, Hong Kong 131.6
135 Natl Comml, Saudi Arabia 130.3
136 i3 Verticals, U.S. 128.4
137 Bank Mandiri, Indonesia 126.3
138 Paya, U.S. 126.0
139 BankCard Services, U.S. 119.3
140 Payroc, U.S. 111.7
141 United Merchant Serv., U.S. 111.3
142 Millennium BCP, Portugal 110.2
143 SABB, Saudi Arabia 107.2
144 KB Smart Pay, Czech Republic 105.4
145 CardNet, Dominican Republic 104.2
146 HDFC, India 102.5
147 Promsvyazbank, Russia 99.9
148 Banco Davivienda, Colombia 98.1
149 Riyad Bank, Saudi Arabia 88.4
150 Provredna Banka, Croatia 88.1
Largest 150 Merchant Acquirers Worldwide 2018
© 2019 HSN Consultants, Inc. THE NILSON REPORT 9SEPTEMBER 2019 / ISSUE 1161 / THE NILSON REPORT
As of June 30, 2019 vs. June 30, 2018. Includes consumer, business, and commercial cards, including virtual accounts.. *Estimate. © 2019 The Nilson Report
Rank Outstandings Cards‘19 ‘18 Issuer ($mil.) Chg. (000) Chg.
1 1 JPMorgan Chase 157,576.0 8.5% 96,514 0.6%
2 2 Citi 109,906.7 2.7% 73,296 3.2%
3 3 Bank of America 104,690.7 0.2% 54,873 -0.5%
4 4 Capital One 96,752.6 2.6% 94,504 1.0%
5 5 Wells Fargo 40,744.1 5.1% 20,899 2.9%
6 6 U.S. Bank 40,273.6 8.7% 22,457 3.0%
7 7 Barclays 26,152.0 5.5% 15,121 -1.8%
8 8 Synchrony Financial 20,587.4 6.1% 33,124 1.5%
9 10 Navy FCU 17,445.9 13.6% 4,095 7.2%
10 9 USAA 16,735.6 0.2% 7,404 3.0%
11 11 PNC Bank 8,277.0 13.2% 6,069 5.8%
12 14 Credit One Bank 6,863.1 14.5% 15,132 15.0%
13 12 TD Bank 6,799.5 9.7% 7,377 7.3%
14 13 First Natl of Nebraska 6,243.8 3.8% 4,580 3.5%
15 15 Alliance Data* 4,081.7 5.3% 6,512 2.1%
16 16 Merrick Bank 3,240.7 4.6% 2,947 3.0%
17 17 Fifth Third Bank 3,069.6 6.3% 4,940 19.5%
18 18 BB&T 3,043.4 12.2% 1,831 -3.3%
19 19 SunTrust Bank 2,450.9 5.7% 1,967 7.3%
20 20 Regions Financial 2,029.9 3.3% 1,380 0.3%
21 21 Citizens Bank 1,756.2 6.2% 3,391 6.1%
22 23 PenFed CU 1,584.7 0.9% 467 1.9%
23 22 State Farm Bank 1,541.1 -3.1% 1,093 -1.4%
24 26 Premier Bankcard 1,480.0 10.4% 3,404 4.8%
25 25 KeyBank 1,422.3 4.4% 940 4.8%
26 24 Credit Shop 1,362.5 -3.6% 694 -20.7%
27 27 ICBA Bancard 1,225.8 -3.3% 2,199 17.2%
28 28 BECU (Boeing Empl. CU) 1,207.6 9.2% 455 6.6%
29 30 HSBC 1,129.8 10.5% 928 9.8%
30 29 Commerce Bank 1,027.4 0.3% 869 -8.5%
31 31 BMO Harris 1,019.1 1.3% 697 -2.0%
32 32 Huntington Natl 955.4 4.6% 871 0.9%
33 33 BBVA Compass 940.5 23.3% 602 11.9%
34 38 M&T Bank 803.3 19.1% 717 9.8%
35 34 State Empl. CU (N.C.) 772.4 3.1% 350 3.1%
36 36 SchoolsFirst FCU 747.2 3.6% 408 4.4%
37 35 Golden 1 CU 736.1 -1.1% 195 -28.7%
38 37 PSECU 734.3 3.0% 239 2.1%
39 39 Suncoast CU 727.9 12.9% 302 8.8%
40 40 Digital FCU 614.7 9.4% 361 3.2%
41 42 America First CU 588.8 22.3% 350 1.8%
42 44 Randolph Brooks FCU 521.8 15.8% 239 16.0%
43 43 First Citizens 520.5 10.0% 335 -18.1%
44 45 UMB Bank 496.5 11.3% 4,710 63.7%
45 48 Mountain America CU 488.6 16.6% 255 8.2%
46 41 1st Financial Bank 457.7 -5.3% 262 -19.0%
47 46 Comdata 441.4 1.5% 2,707 2.3%
48 47 Zions Bancorp. 435.3 1.0% 543 7.6%
49 51 MUFG Union Bank 432.6 21.7% 312 15.2%
50 50 Bank of the West 422.8 12.1% 276 8.9%
Rank Outstandings Cards‘19 ‘18 Issuer ($mil.) Chg. (000) Chg.51 60 TIB 410.9 44.7% 379 -1.1%
52 49 Security Service FCU 399.2 5.0% 169 1.0%
53 52 VyStar CU 396.7 12.8% 248 10.3%
54 56 First Tech FCU 370.8 13.9% 151 8.1%
55 55 Virginia CU 340.4 1.8% 102 6.3%
56 53 Wex 333.4 -4.3% 9,810 0.3%
57 57 Mich. State Univ. FCU 318.0 4.8% 141 3.3%
58 64 Silicon Valley Bank 316.7 16.7% 55 20.8%
59 54 Santander Bank 314.4 -9.2% 294 1.4%
60 63 First Hawaiian 300.7 9.4% 168 -6.6%
61 59 Alaska USA FCU 294.1 2.5% 157 12.2%
62 61 GECU 293.4 3.6% 127 7.7%
63 62 Nasa FCU 284.9 1.7% 64 5.5%
64 58 BMW Bank 280.4 -3.1% 200 -6.6%
65 66 Baxter CU 260.9 8.8% 146 5.2%
66 65 Arvest Bank 258.6 4.7% 273 6.1%
67 67 Delta Community CU 255.0 7.1% 135 18.4%
68 72 Members 1st FCU 252.8 17.3% 127 9.5%
69 68 UBS Bank USA 251.1 5.6% 233 0.9%
70 70 Redstone FCU 246.8 6.2% 153 8.9%
71 71 Synovus Bank 241.1 10.6% 280 38.6%
72 74 Alliant CU 236.1 21.7% 113 49.5%
73 69 Logix FCU 235.9 1.3% 91 0.7%
74 78 Redwood CU 229.0 20.6% 85 20.8%
75 73 Mission FCU 222.9 8.9% 87 4.8%
76 82 Continental Finance 222.1 23.3% 499 37.1%
77 77 Patelco CU 221.9 16.0% 87 2.8%
78 75 Wright-Patt CU 213.6 10.7% 91 15.8%
79 79 SECU of Md. 205.5 9.3% 119 53.6%
80 80 Police & Fire FCU 204.7 9.5% 177 0.7%
81 76 Municipal CU 197.3 2.3% 87 1.4%
82 94 City Natl Bank 194.2 27.0% 66 31.6%
83 84 Simmons Bank 184.1 4.2% 221 11.6%
84 85 Hancock Whitney Bank 183.4 5.1% 94 3.1%
85 87 OnPoint Comm. CU 181.8 8.8% 123 15.8%
86 90 Travis CU 181.5 13.8% 77 2.9%
87 81 First Tennessee 178.4 -3.6% 185 -2.1%
88 95 Summit CU 175.3 15.4% 105 1.1%
89 104 Wings Financial CU 173.2 22.6% 83 0.1%
90 93 Idaho Central CU 170.1 9.6% 104 0.2%
91 83 Comerica Bank 165.6 -6.7% 137 2.1%
92 86 Veridian CU 164.1 -1.8% 115 0.9%
93 97 Citadel FCU 163.5 8.4% 63 22.4%
94 99 STCU 163.4 9.9% 86 -0.8%
95 89 Wescom CU 161.7 -1.0% 85 -13.5%
96 92 Univ. of Wisconsin CU 160.7 3.3% 114 1.6%
97 88 GTE Financial CU 159.8 -2.9% 77 -4.9%
98 91 United Nations FCU 158.8 1.9% 67 11.8%
99 98 AA FCU 157.8 6.0% 97 14.3%
100 96 Langley FCU 157.8 4.4% 60 29.6%
Outstandings & Cards Midyear 2019 U.S. Visa/Mastercard Credit Card Issuers
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First 6 months of 2019 vs. fi rst 6 months of 2018. Includes consumer, business, and commercial cards. *Estimate. © 2019 The Nilson Report
Rank Total Volume Purchase Volume‘19 ‘18 Issuer ($mil.) Chg. ($mil.) Chg.
1 1 JPMorgan Chase 402,566.8 8.9% 388,629.9 9.2%
2 2 Citi 208,714.5 7.2% 207,387.2 7.3%
3 3 Bank of America 192,272.0 3.5% 181,518.5 4.5%
4 4 Capital One 180,862.6 9.7% 175,869.6 9.9%
5 5 U.S. Bank 77,066.9 6.6% 74,196.4 6.3%
6 6 Wells Fargo 70,874.1 5.1% 67,272.9 5.4%
7 7 Barclays 42,248.7 3.2% 39,839.8 2.0%
8 8 Synchrony Financial 26,818.3 6.8% 26,712.3 6.9%
9 9 USAA 22,869.4 4.2% 21,602.4 4.4%
10 10 PNC Bank 21,012.4 8.9% 20,165.0 8.6%
11 12 Comdata 18,872.5 12.0% 18,872.5 12.0%
12 11 Wex 16,310.0 -3.3% 16,310.0 -3.3%
13 13 Navy FCU 12,760.7 11.2% 11,278.9 10.3%
14 15 TD Bank 9,783.8 12.5% 9,727.3 13.3%
15 14 First Natl of Nebraska 9,214.4 4.5% 8,751.7 4.0%
16 16 SunTrust Bank 6,874.6 3.9% 6,662.3 3.7%
17 17 Fifth Third Bank 6,837.2 9.8% 6,609.9 9.9%
18 18 BB&T 6,330.6 12.7% 6,116.3 13.1%
19 19 Alliance Data* 5,807.4 5.7% 5,798.3 5.7%
20 20 Regions Financial 5,743.4 6.7% 5,707.4 6.8%
21 21 Commerce Bank 5,196.5 3.7% 5,103.8 4.0%
22 22 Credit One Bank 4,983.8 11.2% 4,863.1 10.7%
23 23 BMO Harris 4,244.3 -1.7% 4,211.9 -1.8%
24 24 ICBA Bancard 3,693.3 -2.4% 3,671.8 -2.4%
25 25 Citizens Bank 3,521.2 11.1% 3,321.9 12.0%
26 26 Silicon Valley Bank 3,287.5 19.8% 3,287.2 19.8%
27 29 UMB Bank 3,059.1 22.6% 3,055.0 22.5%
28 27 KeyBank 2,885.3 10.0% 2,756.6 10.6%
29 28 HSBC 2,776.4 6.5% 2,549.5 3.1%
30 32 BBVA Compass 2,562.8 29.8% 2,472.7 28.6%
31 33 M&T Bank 2,247.6 16.8% 2,196.6 16.3%
32 31 Zions Bancorp. 2,079.3 4.1% 2,068.5 4.1%
33 30 State Farm Bank 1,988.4 -2.2% 1,915.2 -2.3%
34 36 Huntington Natl 1,794.4 16.7% 1,776.7 16.7%
35 34 Merrick Bank 1,709.5 2.8% 1,626.6 3.9%
36 35 PenFed CU 1,695.9 4.1% 1,544.7 4.4%
37 37 BECU (Boeing Empl. CU) 1,491.8 10.4% 1,384.7 12.8%
38 40 First Citizens 1,399.5 11.9% 1,386.3 11.8%
39 38 Bank of the West 1,391.0 6.9% 1,386.1 7.1%
40 39 UBS Bank USA 1,384.1 7.9% 1,378.5 8.0%
41 41 Comerica Bank 1,141.2 1.2% 1,138.0 1.4%
42 42 Premier Bankcard 1,103.5 3.6% 1,057.4 3.5%
43 44 America First CU 1,064.7 13.4% 830.9 13.4%
44 43 TIB 1,032.6 3.0% 1,029.0 3.1%
45 48 City Natl Bank 908.6 24.7% 905.1 24.8%
46 45 First Hawaiian 834.4 3.8% 828.0 3.8%
47 49 MUFG Union Bank 813.2 17.5% 785.7 21.9%
48 86 Alliant CU 793.0 281.5% 780.7 305.8%
49 62 Mutual of Omaha Bank 788.6 68.0% 788.6 68.2%
50 47 Digital FCU 787.0 7.0% 679.9 8.2%
Rank Total Volume Purchase Volume‘19 ‘18 Issuer ($mil.) Chg. ($mil.) Chg.51 46 Arvest Bank 782.1 5.9% 771.8 5.7%
52 52 Synovus Bank 776.1 24.5% 763.1 23.2%
53 51 State Empl. CU (N.C.) 692.6 4.5% 633.7 5.7%
54 50 SchoolsFirst FCU 685.2 1.8% 628.4 3.4%
55 59 Suncoast CU 664.6 35.7% 562.9 34.6%
56 57 Mountain America CU 628.2 16.9% 615.1 17.1%
57 55 Golden 1 CU 577.7 5.2% 565.4 5.6%
58 67 VyStar CU 575.6 46.0% 531.3 45.8%
59 54 First Tennessee 573.2 0.6% 571.2 0.6%
60 58 RBC Bank 562.3 14.6% 557.5 14.6%
61 56 First Tech FCU 552.8 2.6% 466.1 1.6%
62 61 Hancock Whitney Bank 543.2 14.7% 539.8 14.9%
63 60 PSECU 537.3 12.9% 462.5 14.8%
64 63 Randolph Brooks FCU 517.2 13.1% 449.2 14.4%
65 53 Credit Shop 467.8 -22.4% 454.9 -21.8%
66 65 Mich. State Univ. FCU 434.5 7.1% 350.8 6.7%
67 68 Baxter CU 404.2 9.5% 385.6 9.3%
68 66 IberiaBank 399.4 0.9% 398.4 0.9%
69 70 First Arkansas B&T 394.5 8.4% 393.9 8.4%
70 64 Santander Bank 391.7 -14.1% 383.9 -10.3%
71 69 Delta Community CU 371.3 1.7% 344.2 2.3%
72 71 Redstone FCU 367.2 8.9% 363.6 9.0%
73 72 FirstBank (Colo.) 349.1 8.7% 348.5 8.7%
74 74 Alaska USA FCU 332.7 11.2% 325.4 11.3%
75 73 BMW Bank 299.7 -5.5% 267.5 -6.1%
76 75 Univ. of Wisconsin CU 295.5 0.9% 284.4 0.9%
77 77 Simmons Bank 284.9 10.5% 281.2 10.5%
78 76 San Diego Cty. CU 272.1 1.2% 250.5 1.2%
79 79 Members 1st FCU 268.7 16.4% 240.6 13.6%
80 78 Security Service FCU 263.0 5.5% 237.8 6.0%
81 83 Redwood CU 259.1 17.5% 256.1 17.3%
82 98 Heartland Financial 241.7 53.1% 241.2 53.3%
83 82 WSECU 241.6 6.3% 239.4 6.4%
84 84 Patelco CU 237.9 10.7% 219.9 11.2%
85 81 United Nations FCU 237.3 3.7% 216.9 4.5%
86 85 Educators CU (Wisc.) 232.2 8.9% 231.2 9.0%
87 88 OnPoint Comm. CU 212.5 7.4% 186.8 6.6%
88 80 1st Financial Bank 211.3 -8.0% 208.8 -7.6%
89 89 Virginia CU 207.6 5.8% 176.2 8.4%
90 87 BancorpSouth 205.3 -1.2% 198.7 -1.4%
91 93 Mission FCU 192.7 7.9% 165.6 9.3%
92 95 Wings Financial CU 189.8 12.8% 166.1 13.0%
93 96 Purdue FCU 185.7 10.5% 172.4 11.6%
94 92 Wescom CU 179.0 -0.0% 174.9 0.5%
95 97 Summit CU 174.5 4.9% 169.6 5.0%
96 101 Police & Fire FCU 170.5 8.9% 162.7 9.4%
97 94 Tower FCU 170.1 0.7% 167.5 0.8%
98 99 Logix FCU 169.9 7.6% 167.4 8.0%
99 103 Affi nity Plus FCU 168.6 9.8% 157.2 8.9%
100 100 SECU of Md. 163.8 4.2% 144.0 9.6%
Volume Midyear 2019 U.S. Visa/Mastercard Credit Card Issuers
© 2019 HSN Consultants, Inc. THE NILSON REPORT 11SEPTEMBER 2019 / ISSUE 1161 / THE NILSON REPORT
Empsa’s first meetings will be in Zurich in October. Among the association’s goals are the creation of standards to support cross-border interoperability of person-to-person (P2P) and person-to-business (P2B) transactions.
Empsa’s inaugural members include Bluecode (Austria and Germany), Bancontact Payconiq (Belgium), MobilePay (Denmark and Finland), Vipps (Norway), Sibs (Portugal), Swish (Sweden), and Twint (Switzerland). More than 350 banks and other financial institutions are affiliated with the mobile payment firms. Collectively, the group has 25 million users who have access to over one million point-of-sale (POS) locations. Most POS outlets are in Sweden and Denmark.
A common denominator among Empsa’s initial membership group is that most P2P and P2B payments these companies facilitate are settled to a current account versus a credit card or debit card network. There are more than 90 mobile P2P
money transfer services in the 23 countries of the European Economic Area (EEA). Most are integrated into a mobile banking app. Even in countries with 2 or more mobile P2P services, money transfers between different systems are not possible without the sender and receiver exchanging data, including
the 34 alphanumeric characters that comprise an international bank account number (IBAN).
EquensWorldline launched a service in the first quarter of this year that replaces the need for parties in a P2P transaction to exchange IBAN information. Joseph Hajj is Chief Strategy Officer at Swish in
Stockholm, Sweden, [email protected],
www.getswish.se.
Consumers do not pay a fee for the service.
Buyers select Amazon PayCode as a payment option at checkout, where they receive a 9-digit code and a QR code they need when paying at 15,000 U.S. Western Union locations.
Payments must be made within 24 hours of an online purchase. If an item needs to be returned,
refunds are made at the Western Union location.
Separately, Amazon Cash is expanding in the U.S. The service
lets users top up prepaid Amazon Cash account balances with cash at the same 15,000 Western Union
locations now open to PayCode. Amazon Cash is used to make purchases at
Amazon’s online store. There were already 85,000 Amazon Cash locations. For Amazon Cash, customers verify their
mobile phone number as well as identifying the Western Union location they will use at amazon.
com/amazoncash. At the WU location, they can add from $5 to $500 to their Amazon Cash account with only their mobile number. There is no
fee for the service.Ben Volk is Director, Payments at
Amazon in Seattle, Washington,
www.amazon.com.
Khalid Fellahi is President,
Global Head Consumer Money
Transfer at Western Union in
San Francisco, California, khalid.
www.westernunion.com.
The group has 25 million users in 9 countries.
Consumers can pay cash over the counter at 15,000 WU locations.
Europe Mobile Payment Association from page 1
Amazon PayCode/Amazon Cash in the U.S. from page 1
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David Robertson, PublisherSeptember 30, 2019
