Payment Cards Issued Worldwide (Bil.)

For 42 years, the leading publication covering payment systems worldwide.
NOVEMBER 2012
Issue 1,006
U.S. GENERAL PURPOSE CARDs Through 3Q ‘12
Purchase transactions generated by general purpose credit and
debit (including prepaid) cards in the U.S. from January 1 through
September 30, 2012, increased by 3.5% versus the total for the
... turn to page 8
Top Acquirers Worldwide
Payment Cards Issued
Worldwide (Bil.)
Private Label
includes Prepaid
The 150 largest merchant acquirers are ranked on page 11 by
the number of general purpose credit, debit, and prepaid card
purchase transactions at merchants during calendar year 2011.
turn to page 11
Vodafone and CorFire are Mobile Wallet Partners
CorFire will provide its mobile wallet technology to mobile
network operator Vodafone for deployment to smartphone users in
Europe and Asia. The CorPay platform supports both NFC-based/
... turn to page 5
UnionPay
Visa
MasterCard
Maestro
Domestic
Amex
JCB
Discover
Diners
Turn to page 9 for a list of 87 payments-related mergers,
acquisitions, joint ventures, and corporate financing transactions
that occurred from July 1 through September 30, 2012.
0.81
5.46
2.95
2011
13.45
0.68 0.89
Morpho, the fourth largest smart card manufacturer and ninth
largest payment card manufacturer in the world, will acquire
American Banknote subsidiaries CPS Technologies in France and
3.05
1.42
Payment Cards Projected Worldwide
Payment cards in circulation worldwide reached
13.45 billion in 2011, up 4.54 billion over the
last five years. These included cards with global
general purpose brands (Visa, MasterCard,
American Express, Maestro, JCB, Diners Club,
and UnionPay), domestic general purpose brands
turn to page 9
Morpho Adds ABnote Europe Assets
2.35
1.06
7.30
18.28
© 2012
The Nilson Report
M&A and Corporate Financing — 3rd Quarter 2012
1.71
2016
... turn to page 10
... turn to page 7
8.91
4.66
The third largest U.S. acquirer of payment card transaction,
Vantiv, will pay $361 million in cash and stock to buy Litle & Co.,
a pioneer in the processing of card-not-present transactions. Litle
In the 12-month period ended March 2012 there were 1.27 billion
debit and prepaid card transactions in Iran generated by more than
174 million payment cards issued by the country’s banks. Those
1.30
2006
General Purpose
Vantiv to Acquire Litle & Co.
CARD PAYMENTS in Iran
4.03
... turn to page 7
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... turn to page 12
INSIDE:
CHARTS:
Fast Facts P 2-4 | Combo Card With Display in Belgium P 5 | Hologram Business Sold P 5 | Valid Adds Vmark assets in the U.S. P 6
Chexar Supports Visa Prepaid P 8 | Real-Time payments in Australia P 10 | Elavon/Santander Joint Venture P 12
Merchant acquirers in Iran P 7 | U.S. gp cards through 3q P 8 | acquisitions/investments P 9 | top 150 acquirers worldwide P 11
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Fast Facts > > > > > > > >
U.S. DiStrict coUrt Judge John Gleeson has given prelimi-
FirSt BaNkcarD, the credit card division of First National Bank
of Omaha, will offer unsecured loans (no card accounts) to the
3 million members of the National Education Association (NEA).
First Bankcard has also purchased $261 million in unsecured loans
tied to NEA members from the FIA Card Services affiliate of Bank of
America. Stephen Eulie is President at First Bankcard,
(402) 602-3905, seulie@fnni.com, www.firstnational.com.
nary approval to the proposed settlement of class-action litigation
brought by U.S. retailers against Visa, MasterCard, and a number
of large U.S. banks. If a final order is made by Judge Gleeson, there
will almost certainly be merchants who file an appeal to the Second
Circuit Court of Appeals.
FirSt Data merchants that use the company for processing
support such as host and terminal services and next-day funding can now purchase Datacap's Tran and ePay POS products on
a monthly payment basis through resellers and First Data. Gale
Peters is VP of Sales and Marketing at Datacap, (757) 496-6478, gale.
peters@dcap.com, www.datacapsystems.com. Neal Korzekwinski is
SVP, Partner Sales & Mgmt. at First Data, (631) 683-7060,
neal.korzekwinski@firstdata.com, www.firstdata.com.
NetSpeND has signed a contract with Intuit to offer prepaid cards
WEX INc. is the new name for Wright Express, provider of plastic,
digital, and virtual corporate card payment services to more
than 350,000 customers in North America, Asia/Pacific, and
Europe. Michael Dubyak is CEO at WEX, (207) 761-7103,
michael.dubyak@wexinc.com, www.wexinc.com.
iNtrix techNology, provider of payment processing software
as well as PCI compliance support, has signed Omega Financial as
a new client. Omega provides financial, fundraising, and communications services to several thousand U.S. college fraternities and
sororities. Omega will also use the Intrix payment gateway, which
connects to all major processors including Chase Paymentech, TSYS,
First Data, WorldPay, and Global Payments. Jeff Connors is CEO at
Intrix, (917) 864-0941, jconnors@intrix.com, www.intrix.com.
to the 24 million customers who use Intuit's TurboTax software
online and the more than 1 million small business owners who use
its QuickBooks for payroll services. Dan Henry is CEO at NetSpend,
(512) 531-8786, dhenry@netspend.com, www.netspend.com.
Eric Dunn is SVP Payments Initiatives at Intuit, (650) 944-6000,
eric_dunn@intuit.com, www.intuit.com.
Silver tail SyStemS, a top provider of Web session intelligence
alliaNce Data retail ServiceS will provide its nearly 25
million active cardholders the opportunity to manage their private
label credit card accounts at Manilla's Web portal. Manilla's platform
provides free, secure online access to all household accounts. Dan
Finkelman is CMO at Alliance Data Retail Services, (614) 729-4101,
dan.finkelman@alliancedata.com, www.alliancedata.com.
Jim Schinella is COO at Manilla, (212) 969-7563, jim@manilla.com,
www.manilla.com.
and behavioral analytics to fight mobile and online fraud and other
cybercrimes, has been acquired by EMC, the cloud- based data
storage company. Terms were not disclosed. Tim Eades is CEO at
Silver Tail Systems, (650) 649-0120, teades@silvertailsystems.com,
www.silvertailsystems.com.
2
2012 GlobAl PAymentS
StrAteGieS ConferenCe
Balancing Regulation and Innovation
Two-Day Conference
December 5-6, 2012
The JW Marriott Hotel
Miami, Florida
member
price
Subscribers to
The Nilson Report
will receive the
Member Rate. (Use
code NLSRPT12 at
checkout to receive
the member price.)
Topics include: balancing regulatory impacts with growth,
creating & implementing an ACH in Bangladesh,
payments innovations in Latin America, examining the
global regulatory landscape, the state of EMV in the
Americas – A Look at the U.S., Canada and Mexico, and
navigating the changing world of making payments to
China. Speakers represent: PayPal, Bangladesh Bank,
ACH Colombia, Banco de Mexico, Earthport, Brookings
Institute, NBPCA, Aite Group, Meta Payment Systems,
Comerica Bank, Federal Reserve Bank of Atlanta, Pillsbury
Winthrop Shaw Pittman LLP, MasterCard, Western Union,
and more. Cost is $1,425 members/$1,575 nonmembers.
Contact Member Services at NACHA,
(703) 561-1100, info@nacha.org. Register at
www.nacha.org/GlobalPaymentsStrategiesConference.
FEATURED CONFERENCE
Conference links at www.nilsonreport.com
Conference links at www.nilsonreport.com
FEATURED CONFERENCE
11th AnnuAl SCA
Government
ConferenCe 2012
Two-Day Conference
November 28-29, 2012
The Walter E. Washington
Convention Center, Washington, D.C.
20%
Subscribers to
The Nilson Report
will receive a 20%
discount. (Use code
MSDISC.)
Topics include: mobility and secure credentialing, NSTIC
governance structures and pilot programs, 2013 - The
Year of Identity; ID security technology, applications,
implementation & policy, healthcare id security; managing
network security using mobile devices in a BYOD
environment and applying NSTIC’s identity ecosystem
principles for Internet security. Speakers represent: Smart
Card Alliance, Booz Allen Hamilton, NIST, Government of
Canada, HP Enterprise Services, Gemalto, Deloitte and
Touche, Oberthur, XTec, Identive, and more. Cost is $940.
Contact Jaci Snyder at Smart Card Alliance,
(203) 512-0531, jsnyder@smartcardalliance.org.
Register at www.govsmartid.com.
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> > > > > > > > > Fast Facts
Chirpify, provider of payment processing services for Twitter transactions, now offers in-stream payment acceptance for Instagram.
Businesses and consumers can buy, sell, donate, and exchange
funds without leaving Instagram. Chirpify says 40% of the world's
most popular brands are on Instagram, and between Twitter and
Instagram, there are about 250 million people and brands that can
utilize Chirpify. Chris Teso is CEO at Chirpify, (503) 208-3068,
chris@chirpify.com, www.chirpify.com.
AmeriCAn BAnCArd, an ISO, has acquired smaller competitor Trilogy Payment Solutions (TPS). Terms were not disclosed. TPS
was represented by The Strawhecker Group. Sam Zietz is CEO at
American Bancard, (561) 961-1616, szietz@americanbancard.com,
www.americanbancard.com. Kurt Strawhecker is Managing Partner
at The Strawhecker Group, (402) 964-2617, kurt@thestrawgroup.
com, www.thestrawgroup.com.
federAl reserve BAnk of kAnsAs City has released
a new publication called "Consumer Payment Innovation in the
Connected Age," which summarizes the results of an international
conference it hosted in March. The publication includes presentations of executives from Square, Green Dot, PayPal, and Google.
Download at http://www.kc.frb.org/publicat/pscp/2012/completeproceedings.pdf.
plAnet Group has enhanced its Acquire360 merchant billing
settlement and chargeback system with aggregation processing
support and additional reserve management and pricing tools.
Tom Nichting is CEO at Planet Group, (402) 964-1948,
tnichting@planetgroupinc.com, www.planetgroupinc.com.
text2pAy, provider of mobile payment processing services,
now offers Tap2Pay, which lets consumers buy virtual goods and
services on their mobile device with a single tap. Tap2Pay can
detect if the device is an iPhone, Android, or Windows Mobile. Its
identification process recognizes the user's phone number so they
don't have to input a password or PIN. Text2Pay offers direct carrier
billing and premium SMS billing in 43 countries. Mark Reiken is
Director, (646) 884-4841, mark@text2pay.com, www.text2pay.com.
BestBill, a billing and e-billing portal company whose technology
includes Virtual Negotiator, SMS payments, and IVR services, has
integrated BillingTree's payment processing engine into its platform. Dave Roberts is CEO at BillingTree, (602) 443-5948, droberts@
mybillingtree.com, www.mybillingtree.com. Dan Haugland is CEO
at BestBill, (623) 516-4700, danno@bestbill.com, www.bestbill.com.
ACCertify's fraud prevention and risk management technology
will be deployed by easyJet in Europe, which operates 200+ aircraft
serving 57+ million passengers annually. American Express owns
Accertify. Jeff Liesendahl is President at Accertify, (630) 735-4410,
jliesendahl@accertify.com, www.accertify.com.
GuArdiAn AnAlytiCs, provider of behavior-based fraud
prevention technology used by financial institutions in online and
mobile banking channels, now offers FraudMAP ACH, which automatically analyzes ACH batches and transactions and prioritizes the
highest risk payments for review. Craig Priess is VP of Products and
Business Development, (650) 383-9200, cpriess@
guardiananalytics.com, www.guardiananalytics.com.
3
NOVEMBER 2012
AmeriCAn express now issues an NFC-based contactless
prepaid card in Singapore in partnership with the country's EZ-Link
public transportation operator. Kula Kulendran is EVP and Head
of Global Network Services for Japan, Asia-Pacific and Australia at
American Express, (65) 6317-6108, kula.kulendran@aexp.com,
www.americanexpress.com. Wai Meng Cheong is AVP Business
Development at EZ-Link, (65) 9796-9879, waimengcheong@ezlink.
com.sg, www.ezlink.com.sg.
ElEctracard SErvicES, provider of software and thirdparty processing services for cards and payments management,
will be represented in the UAE by systems integrator Raqmiyat.
Ramesh Mengawade is CEO at ElectraCard, 91 (20) 6627-2139,
ramesh.mengawade@electracard.com, www.electracard.com.
Tapas Roy is CEO at Raqmiyat, (971) 4295-9606, tapas.roy@
raqmiyat.com, www.raqmiyat.com.
CiBC, Canada's 2nd largest credit card issuer, and Rogers, the
country's largest mobile network operator, have completed the first
point-of-sale mobile credit card transaction in the country using
the secure SIM card inside an NFC-enabled smartphone. The CIBC
Mobile Payment App is initially available for two BlackBerry devices.
David Williamson is Sr. EVP and Group Head Retail and Business
Banking at CIBC, (416) 980-2211, david.williamson@cibc.com,
www.cibc.com. David Robinson is VP, Emerging Business at Rogers
Communications, (416) 935-5112, david.robinson@rci.rogers.com,
www.rogers.com.
inG BAnk in the Netherlands will reissue its Maestro debit cards
with MasterCard PayPass contactless chip technology by mid-2013.
Arjan Bol is Director of Payments at ING, 31 (20) 576-4401,
arjan.bol@ing.nl, www.ing.com. David Dechamps is MasterCard
Benelux General Manager, 32 (2) 352-5811, david_dechamps@
mastercard.com, www.mastercard.com.
management
> CHANGES
Irni Palar has been appointed Country Manager, Indonesia
at MasterCard Worldwide, 62 (21) 5790-0325, irni_palar@
mastercard.com. Sam Sassen has been appointed
Director of Client Relations at The Members Group,
(515) 457-5246, sams@themembersgroup.com.
John Sturino has been appointed Vice President of
Product at Braintree, (312) 257-2300, john.sturino@
braintreepayments.com. Jason Jones has been appointed
COO at Invoiceware International, (678) 381-8612,
jason.jones@invoicewareint.com. Brian Voigt has been
appointed SVP of Strategy and Business Development
at Spindle, Inc., (480) 646-3291, bvoigt@spindlehq.com.
Kevin Goldmintz has been appointed Head of Hong
Kong & Macau at MasterCard Worldwide, (852) 25888301, kevin_goldmintz@mastercard.com. Francine
Dubois has been appointed VP, Global Sales and
Partnerships at NagraID Security, (310) 841-2939,
fdubois@nidsecurity.com.
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> > > > > > > > Fast Facts
ServicioS electronicoS GlobaleS (e-Global),
a switch and card processing joint venture of BBVA Bancomer
and Citi Banamex, has deployed Alaric's Authentic Open Development Payment platform supported by Stratus Technologies. Mike
Alford is CEO at Alaric, 44 (207) 593-2200, malford@alaric.com,
www.alaric.com. Arturo Lopez Esquivel is CIO at eGlobal, 52 (55)
1253-2761, ale@eglobal.co.mx. Juan Gonzalez Gasque is Gen. Dir.
at Stratus, 52 (55) 8000-4105, juan.pablo.gonzalez@
stratus.com.mx, www.stratus.com.mx.
WorldPay, the 4th largest merchant acquirer worldwide mea-
sured and Europe's largest by transactions processed, now offers
airline and travel merchants access to UATP through its gateway.
UATP is the payment network owned by airlines. It focuses on
corporate travel payments. Phillip McGriskin is Chief Product Officer
at WorldPay, 44 (203) 246-5627, phillip.mcgriskin@worldpay.com,
www.worldpay.com. Ralph Kaiser is CEO at UATP, (202) 626-4087,
kaiser@uatp.com, www.uatp.com.
Payza, an e-commerce processing company and e-wallet provider
to 9 million businesses and consumers, will incorporate the TRUSTe
Privacy Seal Program into its websites. Over 5,000 Web properties
deploy TRUSTe to align privacy practices with regulatory requirements including Apple, AT&T, Disney, eBay, HP, and Microsoft.
Mohammad Hashemi is VP of Product and Business Strategy at
Payza, (514) 825-3500, mhashemi@payza.com, www.payza.com.
credIt mutuel/cIc, Europe's 3rd largest merchant acquirer,
will be first to deploy a card payment service using SEPA standards
based on a single EMV payment application. Claude Brun is Managing Director at BECM/Credit Mutuel-CIC Group, 33 (3) 8814-7001,
bruncl@e-i.com, www.creditmutuel.fr. Pierre-Antoine Vacheron
is Managing Director Europe-SEPA at Ingenico, 33 (1) 5801-8705,
pierre-antoine.vacheron@ingenico.com, www.ingenico.com.
InsIde secure's new VaultSEcure IC product for mobile phones
allows multiple third parties to independently install and control
their own applets in the same secure element. VaultSEcure includes
encryption, memory, and microprocessor. It stores and protects
applications and data for payment card, transit, ticketing, building
access, and identity transactions. Pierre Garnier is EVP of the NFC
and Secure Payment Division, 33 (4) 4239-6300,
pgarnier@insidefr.com, www.insidesecure.com.
rev WorldWIde, a prepaid card program manager based in the
U.S., has launched its first product in Brazil. The MEO card, which is
being issued by Bonsucesso Bank, is a reloadable MasterCard card
that lets users send money from one account to another via SMS
or a smartphone app. It can be reloaded at the Boleto Bancario bill
payments network of 150,000 merchants. Aléxia Duffles is Head of
Cards at Bonsucesso Bank, 55 (31) 2103-7821, alexia.duffles@
grupobonsucesso.com.br, www.meocartao.com.br. Roy Sosa is CEO
at Rev Worldwide, (512) 366-3640, roy.sosa@revworldwide.com,
www.revworldwide.com. Alexandre Magnani is VP of Business Development at MasterCard, 55 (11) 5508-3900, alexandre_magnani@
mastercard.com, www.mastercard.com.br.
oPera Payment exchange (OPX) will integrate to Naranya
Monetization Network, which has access to 500 million mobile
phones in Latin America by way of direct carrier billing agreements
in seven countries in the region. OPX is a service of Opera Software,
whose Opera Mini product is the world's most widely used mobile
browser. Sameer Merchant is VP Mobile Commerce, Opera Software, (650) 625-1262, sameerm@opera.com, www.opera.com.
Carlos Galvan Contreras is COO at Naranya, 52 (81) 8044-4500,
carlos.galvan@naranya.com, www.naranya.com.
4
4Th MEgA EvENT (LOyALTy/ANCiLLARy/
CO-BRAND) 2012: November 27-28, 2012. The Hyatt La
Jolla Hotel, San Diego, California. Estimated attendance: 450+.
Cost for the two-day conference is from $499 for airlines and
$1,149 for suppliers. Subscribers to The Nilson Report will receive a
20% discount (for new bookings). Contact Michael Smith at Airline
Information for discount code, 44 (141) 416-0800, msmith@
aiglobal.org. Register at www.airlineinformation.org.
MOBiLE MONEy & Apps LATAM 2012: November
29-30, 2012. The Mayfair Hotel & Spa, Coconut Grove,
Florida. Estimated attendance: 100-150. Cost for the two-day
conference is $1,200. Subscribers to The Nilson Report will receive
a 20% discount. Contact Ana Maria Yumiseva at Frecuencia
Latinoamérica, (305) 567-2492, anamaria@frecuenciaonline.
com. Register at www.mobilemoneylatam.com.
MERChANT pAyMENTs ECOsysTEM 2013:
February 12-14, 2013. The InterContinental, Berlin, Germany.
Estimated attendance: 450. Cost for the three-day conference
is $3,526. Subscribers to The Nilson Report will receive a 20% discount.
Contact David Vesely at Empiria Group, 421 (245) 248-931,
david.vesely@empiriagroup.eu. Request brochure and
registration form at www.merchantpaymentsecosystem.com.
NOVEMBER 2012
Conference links at www.nilsonreport.com
Conference links at www.nilsonreport.com
CONFERENCEs & sEMiNARs
FEATURED CONFERENCE
Payments, settlements
and Remittances asia 2012
Two-Day Conference
November 21-22, 2012
Sheraton Four Points
Bangkok, Thailand
20%
Subscribers to
The Nilson Report
will receive a 20%
discount.
Topics include: overview of payments market and
systems in Asia, practical approaches and rethinking
best practices and monetization, creating meaningful
partnerships and technology highlights, best practices
from retailers, and consumers and governments.
Workshops on: liquidity management, security and risk
management of payments, seamless implementation
of e-payments technology. Speakers represent: Bank of
Thailand, Visa, ReD Worldwide, Rakuten Tarad.com, and
Asia Pay. Cost is $3,647 including workshops. Contact
Rex Ian Sayson at Arc Media Global, (65) 6818-6344,
payments@arcmediaglobal.com. Register at
www.arcmediaglobal.com/payments.
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Combo Card with Display in Belgium
The PaschiCombo card issued
by Banca Monte Paschi Belgio
in Belgium is a Maestro card on
one side and a MasterCard card
on the other. Both access the
cardholder’s deposit account.
and MasterCard cards with
the PaschiCombo card. Dino
Albanese is Head of Cards at
Banca Monte Paschi Belgio in
Brussels, Belgium,
32 (2) 220-7239,
battery
dino.albanese@
montepaschi.be,
assembly and
www.montepaschi.be.
display were
Cardholders can decide at
the point of sale whether to
withdraw funds immediately
(Maestro) or once a month
(MasterCard).
The PaschiCombo
card includes a
contactless chip
that can initiate
provided by
The PaschiCombo card
MasterCard
Nagra id.
was manufactured by
PayPass
Oberthur. The battery
transactions. A
assembly and display
merchant’s POS
were provided by Nagra.
terminal determines whether
MasterCard consulted with the
those transactions are handled
issuer for more than two years
as Maestro or MasterCard. The
and relaxed card design rules to
card also has a display screen
enable PaschiCombo to reach
that generates a one-time code
the market. David Dechamps
that cardholders can use at
is General Manager, Benelux
online merchants who deploy
at MasterCard in Waterloo,
3D Secure services.
Belgium, 32 (2) 352-5811, david_
Banca Monte Paschi will
dechamps@mastercard.com,
replace all of its Maestro
www.mastercard.com.
Hologram Business Sold
The holographic security business of JDSU,
formerly American Bank Note
Holographics (ABNH), has
been sold to OpSec for
$11.5 million in cash with
the possibility of another
$4 million to be paid
depending upon performance
over the next year. JDSU paid $138
million for ABNH in 2008 in an all-stock (except
for $1 in cash) transaction.
The business produces holograms for Visa,
MasterCard, Discover, American Express, and
other payment cards worldwide that are hot
stamped onto cards issued by more than
20,000 financial institutions.
OpSec provides several kinds
of optical-variable devices
including holograms, diffraction
grating imaging, and liquid crystal
technology, which its customers
use to protect against counterfeiting of highsecurity documents including bank notes and
share certificates. Mike Angus is CFO at OpSec in
Englewood, Colorado, (720) 394-2803, mangus@
opsecsecurity.com, www.opsecsecurity.com.
Vodafone and CorFire are Mobile Wallet Partners
(from page 1)...
EMV-compliant (general
purpose) and 2D barcode-based
(private label) transactions for
applications including payment
at the point of sale, transit,
5
NOVEMBER 2012
access, loyalty, vouchers, and
more.
CorPay-supported NFC-based
contactless payments can be
executed with card account
details located either in a mobile
phone’s SIM card or in an
embedded, dedicated secure
element. When Vodafone brings
... turn to page 6
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Vodafone and CorFire are Mobile Wallet Partners
(from page 5)...
its wallet to market sometime
next year in Europe, it
CorFire customers include
Google, First Data, SK Telecom,
T-Money, China Telecom,
Dunkin’ Brands, and Citibank.
Dunkin’ uses CorPay’s mobile
2D barcode application and
will
back-office management system,
launch
features that
NFC-based payments first
Vodafone
using SIM cards, not embedded
will offer to
secure elements, to initiate
retailers and
contactless EMV transactions.
other service
This will enable Vodafone,
providers. Pascal
Caillon
and the service providers who
is VP, Business Development
will market the wallet to their
at CorFire in San Francisco,
customers, to reach
California, (917) 740a larger number of
1686, pcaillon@corfire.
... they will
consumers.
com, www.corfire.com.
first launch
CorPay can also
Vodafone operates in
NFC payhandle the trusted
more than 30 countries
ments tied
service manager
through controlled
to SIM cards.
function needed to
or jointly controlled
provide over-thecompanies serving 407
air provisioning of
million customers.
card account data to handsets.
Vodafone will act as an
However, Vodafone plans to use
aggregator, offering commercial
Gemalto in that capacity.
enterprises the opportunity
to reach their customers with
widgets that hold their mobile
services. Offers can be received
and redeemed in the wallet.
Vodafone is majority owner
of M-Pesa, a mobile banking
and bill payment service that
operates in seven countries.
M-Pesa is not a smartphonebased system. However,
over time, the wallet will be
in M-Pesa markets where
contactless NFC payments are
introduced at the point of sale
and smartphone penetration is
significant. Christian Wirtz is
Group Director, mCommerce
at Vodafone Group Services in
Dusseldorf, Germany,
49 (211) 820-1880, christian.
wirtz@vodafone.com,
www.vodafone.com.
Valid Adds VMark Assets IN THE U.S.
Valid USA, a wholly owned subsidiary of Brazilbased Valid, has been designated by a courtappointed
bankruptcy
trustee as the
successful
bidder for
substantially all of the operating assets of the
Vmark companies. The bid was $51.2 million. The
deal is expected to close by the end of this month.
Vmark assets include Versatile
Card Technology, Qualteq, Creative
Automation, Unique Mailing Services,
Global Card Services, Unique
Embossing Services, Automated
Presort, Fulfillment Xcellence, Unique
Data Services, and Veluchamy.
NOVEMBER 2012
Valid manufactures 200 million payment cards
annually in Brazil. It also produces driver’s
licenses, SIM cards for mobile handsets, and PKI
tokens used to generate digital certificates to
secure online messages between corporations and
the government. Competitors in Brazil include
Gemalto, G&D, Morpho, and Oberthur.
Valid operates a SIM card manufacturing
facility in Spain and a bank card
manufacturing plant in Argentina.
Earlier this year it paid $1.5 million
to buy disaster recovery company
PPI Secure Solutions in the U.S. Jose
Roberto Mauro is CEO at Valid S.A. in
Rio de Janeiro, Brazil, 55 (21) 2195-7207,
jroberto@valid.com.br, www.valid.com.br.
Valid also
owns plants
in brazil,
spain, and
argentina.
Vmark customers include Bank of
America, Chase Card Services, and Citibank. Its
6
revenues, which were in the $140 million range
annually before filing for bankruptcy, are now at
about $120 million.
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PAYMENT Cards Projected Worldwide
(from page 1)...
(such as Discover, Interac, BC, Star, Bancontact,
BankAxept, etc.), and private label credit, debit,
and prepaid cards (such as store cards and
gasoline cards).
Private label cards accounted for 40.56% of the
world total in 2011, down from 45.23% in 2006.
Many of these cards are prepaid “gift” cards for
use at retailers. UnionPay cards accounted for
21.92% in 2011, up from 14.58% in 2006. Visa
cards accounted for 17.46% in 2011, down from
19.23%. MasterCard cards accounted for 7.87%
in 2011, down from 9.12%. The rest (Maestro,
domestic general purpose, American Express,
JCB, Discover, and Diners Club cards) accounted
for 12.18% in 2011, up from 11.84% in 2006.
By 2016, the payment card industry is expected to
see a cumulative increase of 4.83 billion cards, led
by private label cards (mostly prepaid), up 1.85
billion. UnionPay will follow with an increase of
1.71 billion, then Visa, up 0.70 billion, MasterCard,
up 0.36 billion, and the rest up 0.22 billion.
UnionPay will be the only general purpose brand
that will increase its share. UnionPay cards in
circulation are projected to gain 3.55 percentage
points to 25.47%. MasterCard cards are projected
to decline 0.13 percentage points to 7.75%,
private label cards are projected to decline 0.60
percentage points to 39.96%, Visa cards down 0.79
percentage points to 16.67%, and the rest down
2.03 percentage points to 10.15%.
CARD PAYMENTS in Iran
(from page 1)...
transactions were handled by
the 10 acquirers listed here.
Credit cards are available
in Iran. However, there are
relatively few as the country
is still creating a credit bureau
infrastructure. Currently
cardholders must have a
cosigner, sometimes more than
Merchant Acquirers in Iran
Fiscal Year Ended March 2012
POS Vol. POS Trans.
($U.S. bil.)
(mil.)
POS
Terminals
Bank Mellat
$90.73
271.3
339,100
Bank Melli
$46.30
239.1
384,075
Bank Saderat
$33.43
192.7
384,529
Parsian Bank
$9.37
273.0
285,616
Bank Pasargad
$7.56
67.2
128,911
Keshavarzi Bank
$6.73
53.0
136,246
Tejarat Bank
$6.53
80.2
165,000
Saman Bank
$4.35
43.2
106,798
Eghtesad Novin Bank
$2.39
31.6
65,363
Bank Maskan
$0.96
17.1
55,921
Brand
Totals
$208.34 1,268.4 2,051,559
© 2012 The Nilson Report
7
NOVEMBER 2012
one cosigner, to even apply for
a card.
There were nearly 2.1 million
POS terminals operating in
Iran at the end of March 2012.
Card payments at the point
Merchants can deploy multiple
of sale are booming in Iran.
terminals to
Debit and prepaid card
access special
transactions grew by
services
transactions
more than 130% in
available from
grew
by
more
2011 over 2010 after
a particular
than 130%
the Central Bank of
bank. On-us
Iran instituted a 0%
in 2011 over
transactions are
discount rate policy to
2010.
authorized and
encourage merchants to
settled directly
deploy POS terminals.
by the bank
This followed the September
issuer/acquirer. Transactions
2010 action of the Iranian
that need to be routed to
government to cut subsidies
another issuer are handled by
that consumers received for
Informatics Services Corp.,
commodities and energy. To
majority owned by the central
compensate, the government
bank, which operates a national
deposited $40 a month (44,000
switch called Shetab.
rials) into every citizen’s bank
account. Anticipating long lines
Top providers of merchant
in bank branches to withdraw
acquiring services in Iran
that cash, the Central Bank of
include Fanap, Eniac Tech, and
Iran told banks to issue debit
Iran Kish. Fanap, a unit of Bank
cards to give people access to
Pasargad, has written custom
their money via ATMs and the
software for more than 300,000
point of sale. Cardholders do
POS terminals manufactured by
not pay any fees for the cards
Castles Technology.
or transactions.
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Chexar Supports Visa Prepaid
Consumers will soon be able
to deposit paper checks to
their Visa prepaid accounts
by taking a picture with their
mobile device. For a fee that will
range from 1% to 4% depending
on the type of check as well
as the amount, they can have
immediate access to those
funds. The service will leverage
Chexar’s soon to be renamed
Spyke – The Good Funds
Network.
Chexar was formed in 2008
after the company sold its
El Banco nonbank financial
services chain in Atlanta. It
retained El Banco’s check
still growing in the U.S. Drew
cashing platform including
Edwards is CEO at Chexar
an enrollment process, early
Networks, Inc. in Roswell,
warning system, proprietary
Georgia, (678) 736-7012, chez@
algorithms, and other risk
chexar.com, www.chexar.com.
management tools because it
saw an opportunity to offer
Visa will handle all marketing
immediate funds availability to
for the Chexar Immediate
third-party checks for loading
Good Funds offering, which
onto prepaid cards
will give Visa issuers
and for cashing over
a feature not yet
the counter at bank
CARDHOLDERS
available from any
branches, markets
GET IMMEDIother prepaid card
that top verification
ATE ACCESS TO
brand. Consumers
and guarantee firms
CHECK
who wait five days
had made little
before withdrawing
DEPOSITS.
effort to penetrate.
funds from deposited
checks will be able to
Third-party checks
use the service for free. Hyung
such as payments received by
Choi is Head of U.S. Prepaid at
a gardener or a contractor or
Visa in San Mateo, California,
some other service provider are
(650) 432-2822, hchoi@visa.
part of the person-to-person
com, www.visa.com.
check sector, which is the
only type of check payment
U.S. GENERAL PURPOSE CARDs Through 3Q ‘12
(from page 1)...
U.S. General Purpose Cards 3Q 2012 vs. 3Q 2011
Brand/Type of Card
Total
Chg.
Dollar Volume (bil.)
Purchases
Chg.
Cash
Chg.
Purch. Trans.
(bil.)
Chg.
Visa Credit
$751.28 9.6%
$718.44 10.2%
$32.84 –2.5%
8.45 12.4%
American Express Credit
$435.20 9.5%
$432.74
9.6%
$2.46 –4.6%
1.99 13.3%
MasterCard Credit
$414.80 3.7%
$394.00
5.4%
$20.80 –20.8%
4.61 3.6%
$97.05 5.6%
$90.58
5.7%
CREDIT CARD TOTALS
$1,698.33 7.9% $1,635.76
8.6%
Visa Debit & Prepaid
$1,111.82 –2.5%
Discover Credit
MasterCard Debit & Prepaid
$449.20 16.2%
$6.46
5.4%
1.38 7.2%
$62.57 –8.9% 16.42 9.4%
$821.63 –4.4% $290.19
3.6% 22.00 –4.2%
$331.60 15.1% $117.60 19.3%
8.36 15.7%
DEBIT CARD TOTALS
$1,561.02 2.3% $1,153.23
0.5% $407.79
7.7% 30.36 0.5%
Visa Total
$1,863.10 2.1% $1,540.07
1.9% $323.03
2.9% 30.44 –0.1%
MasterCard Total
VISA & MC TOTALS
$864.00 9.8%
$725.60
9.6% $138.40 10.9% 12.97 11.1%
$2,727.10 4.4% $2,265.67
4.3% $461.43
5.2% 43.41 3.0%
CREDIT & DEBIT TOTALS $3,259.35 5.1% $2,788.99
5.1% $470.36
5.1% 46.78 3.5%
Includes activity on all consumer and commercial credit, debit, and prepaid cards for January 1–September 30,
2012 vs. January 1–September 30, 2011. American Express and Discover include figures for third-party
issuers.
© 2012 The Nilson Report
8
NOVEMBER 2012
first nine months of 2011. Credit
card purchase transactions
increased by 9.4%. Debit card
purchase transactions increased
by 0.5%, but Interlink debit
card figures (counted with Visa)
declined due to the impact of
the Durbin Amendment, which
requires issuers to put at least two
unaffiliated networks on debit
cards. Much of the activity went
to other EFT systems, which are
not included here. Debit cards
generated 64.90% of all purchase
transactions, down from 66.81%.
Combined credit and debit card
purchase volume was up 5.1%
over the first nine months of 2011.
Credit card purchase volume
increased by $129.85 billion. Debit
card purchase volume increased
by $5.54 billion.
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Payment Industry Acquisitions & Investments July–September 2012
Company
Buyer/Investor
Zenith Acquisitions
TGate Payments
QuickPay
Stripe
Mobile Integrated Sys.
Jefferson Capital
Currency Cloud
Accumulate
Commerce Sciences
OpenBucks
Needle
Paysafecard(2)
Ticketfly
Merchant e-Sol.(2)
SecureNet Pay. Sys.
CardSmith/Vision
Boom Financial
Tunz.com(2)
Fab.com
Card.io(2)
Kiip
Capital Pay./Bluefin
Tapingo
Copius
TransCard(4)
Pocket Change
Cash Star
Paydiant
Alpha Bay(2)
ThriveHive
Global Pay. A/P(5)
three companies(6)
Merchant Warehouse
Avatas Pay. Sol.(2)
Marathon Solutions(2)
SumUp
Blue Sky Card(8)
ViVOtech(9)
Adeptra(2)
TSYS/Central Pay.(10)
Punchey
Venmo(2)
Transact Network(11)
Amount
(Mil.)
July
Mercantile Adjustment
*
BridgePay Network
*
seed funding
$3.5
Series B
$20.0
private placement
$1.0
Flexpoint Ford
*
Series B
$3.0
*
Telia Sonera(1)
seed funding
$1.8
Series A
$4.8
Series B
$10.5
Skrill
*
Series C
$22.0
Cielo
$670.0
growth equity(3)
$18.0
merger
*
Series B
$17.0
Ogone
*
Series C
$105.0
PayPal
*
Series B
$11.0
merger
*
Series A
$3.5
Series A
$5.0
U.S. Bank
*
Series A
$5.0
Series D
$5.0
Series B
$12.0
Blockbuster
*
seed funding
$1.5
Global Payments
$242.0
UBPS
$179.0
(7)
growth equity
*
Merchant Warehouse
*
Fin. Trans. Svcs.
*
August
Series A
$20.0
Advanced Pay. Sol.
*
ID Tech
*
Fico
*
joint venture
*
Series A
$1.7
Braintree
$26.2
The Bancorp Bank
*
Region
U.S.
U.S.
U.S.
U.S.
Canada
U.S.
U.K.
Sweden
Israel
U.S.
U.S.
Austria
U.S.
U.S./Brazil
U.S.
U.S.
U.S.
Belgium
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
Asia/Pac.
U.S.
U.S.
U.S.
U.S.
Germany
U.K.
U.S.
U.S.
U.S.
U.S.
U.S.
U.K.
Company
Accelerated Payment(2)
Luottokunta(2)
Square
Merch. Customer Ex.
FreeMonee
Elan Financial(13)
LevelUP
Wallaby
Revel Touch
InComm(14)
CardSpring
Unik(15)
QuickPay
ATM Network(2)
TekTango(16)
Five Stars
Plink
Clear Payments(2)
Fuze Network
ALI Solutions(2)
Kabbage
Norse Corp.
ShopCliq.it(2)
Bigcommerce
Linkable Networks
edo interactive
Distra(2)
BestBill(2)
Social Finance
Cassis Int’l(2)
BofA (Canada)(17)
Square
Gyft
Scoupy(14)
Gas Tecnologia(2)
Transoft(2)
IQR Consulting(14)
Sinsys(18)
PayLeap(2)
Talbots(19)
Truaxis(2)
FleetOne(2)
LML Payment Sys.(2)
JDSU
Buyer/Investor
Global Payments
Nets
Series D
joint venture(12)
Series B
KeyBank
Series D
seed funding
Series A
Warburg Pincus
strategic investments(3)
Wright Express
seed funding
Cardtronics
Freeport Capital
Series A
Series A
Chexar
September
Series A
Noble Systems
Series C
Series A
Buscape
Series B
Series A
Series C
ACI Worldwide
RevSpring
Series B
Morpho
Royal Bank of Canada
Series D
Series A
Network VSP
Diebold
NCR
The Members Group
SIA
Acculynk
Alliance Data
MasterCard
Wright Express
Digital River
OpSec
Amount
(Mil.)
$413.0
$219.3
$25.0
*
$34.0
*
$9.0
$1.1
$10.0
*
*
$21.9
$3.5
*
$0.6
$13.9
$3.0
*
Region
U.S.
Finland
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
Brazil
U.S.
U.S.
U.S.
U.S.
U.S.
U.S.
$2.5
U.S.
*
U.S.
$30.0
U.S.
$3.5
U.S.
*
Brazil
$2.0
U.S.
$3.2
U.S.
$15.0
U.S.
$48.8 Australia
*
U.S.
$77.2
U.S.
* Singapore
*
Canada
$200.0
U.S.
$1.3
U.S.
* Netherlands
*
Brazil
*
U.S.
*
U.S.
*
Belgium
*
U.S.
*
U.S.
*
U.S.
$369.0
U.S.
*
Canada
$11.5(20) U.S.
*Terms not disclosed. (1) Purchased undisclosed equity position. (2) Sold all assets. (3) Undisclosed investors. (4) Sold heavy duty truck card network only.
(5) Global acquired the 44% of the company it didn’t already own. (6) Elec. Merchant Sys., JetPay and AD Computer will be acquired by United Business
Payment Solutions. (7) Parthenon Capital. (8) Purchase of 12,000 MasterCard accounts. (9) Contactless chip card reader business only. (10) TSYS bought 60%
of Central. (11) Acquisition of the MyCardData platform. (12) Partners include Target, Walmart, 7-Eleven, Sears, Shell. (13) Credit card outstandings totaling
$725 million. (14) Sold minority equity stake. (15) Sold majority interest. (16) Sold 51% equity stake. (17) Sold Shoppers Optimum credit card portfolio. (18)
SIA acquired the 49% of the company it didn’t already own. (19) Sold its private label credit card portfolio. (20) Another $4.0 million possible depending on
performance.
© 2012 The Nilson Report
9
NOVEMBER 2012
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Vantiv to Acquire Litle & Co.
(from page 1)...
has been using Vantiv and Wells Fargo to send its
Visa and MasterCard transactions into the bank
card networks. It generates
approximately
$17 billion in card
payments annually.
Litle & Co.’s top
competitors for cardnot-present business are Chase
Paymentech and First Data. Both
built their CNP processing platforms
on software that Litle & Co. created
in the mid-1980s and later sold to
First USA.
Litle & Co. will operate as a
wholly owned subsidiary of Vantiv,
continuing to sell directly to
merchants as well as benefiting from
sales generated by Vantiv’s distribution channels.
Vantiv plans on investing capital in Litle and will
make its Massachusetts facility an innovation
center for new products and services. Tim Litle is
Chairman at Litle & Co. in Lowell, Massachusetts,
(978) 551-0078, tim@litle.com, www.litle.com.
The acquisition of Litle & Co. significantly
improves Vantiv’s capabilities in e-commerce.
It has been supporting its portfolio of cardpresent merchants as they move online but not
with the level of sophistication they’ll get from
Litle’s platform. Litle & Co. software was
built for CNP merchants and includes
all chargeback, risk management,
interchange management, and other
support, as well as special data mining
services that merchants use to boost their
marketing efforts.
The platform encrypts all transactions and
supplies a tokenization service. Charles
Drucker is CEO at Vantiv in Symmes
Township, Ohio, (513) 900-4811, charles.drucker@
vantiv.com, www.vantiv.com.
Real-time Payments in Australia
First Data, Accenture, and
begin with banks that commit to
VocaLink have signed a
the network.
partnership to create an
First Data maintains links
immediate funds transfer (IFT)
to all of Australia’s financial
network in Australia aimed
institutions. It handles
at clearing and
1.5 billion transactions
settling consumer
annually, about 30%
The partners
and business
of the credit card and
have no plans
payments between
debit card account
to create a
deposit accounts
processing in the
CONSUMER
in real or near
country. It will provide
real-time.
service mark.
real-time payment
The platform has
processing for the IFT
been designed
network, leveraging
to meet goals outlined by the
its existing payment processing
Reserve Bank of Australia,
infrastructure and VocaLink’s
which wants an IFT network in
Immediate Payments software.
place by 2016. The First Data–
VocaLink designed and operates
Accenture-VocaLink partnership
the Faster Payments Service in
is the only proposal in the
the U.K. where it has processed
market at this time.
two billion payments since 2008.
The partners believe they can
It has just signed a contract to
complete technical requirements
bring its Immediate Payments
by the end of 2013. After that,
technology to Singapore.
systems integration work would
Accenture will provide system
10
NOVEMBER 2012
integration for linking financial
institutions to the new network.
First Data is talking with
financial institutions to
determine a governance
structure for the new network.
The technology partners have
no plans to create a service
mark identifiable to consumers.
CONTACTS
t Accenture David Mansuell is
Financial Services Senior Exec. in
Sydney, Australia, 61 (417) 669-853,
david.n.mansuell@accenture.com,
www.accenture.com.
t First Data John Tait is
Managing Director in North Sydney,
Australia, 61 (2) 9959-72054,
john.tait@firstdata.com.au,
www.firstdata.com.au.
t VocaLink
Kris Kubiena is Int’l
Sales Director in Rickmansworth,
U.K., 44 (870) 920-8224,
kris.kubiena@vocalink.com,
www.vocalink.com.
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Top 150 Acquirers Worldwide 2011
Rank
Acquirer, Country
Transactions
(mil.)
Rank
Acquirer, Country
Transactions
(mil.)
1 Bank of America (BAMS) U.S. 12,943.7 51 First Data Polska Poland
425.2
2 Vantiv U.S.
9,610.1 52 Merrick Bank U.S.
422.6
3 First Data U.S.
9,301.4 53 T. Isbank Turkey
421.6
4 Chase Paymentech Sol. U.S. 8,200.0 54 Nordea Sweden
400.2
399.9
5 Citi Merchant Services U.S. 5,828.3 55 CartaSi Italy
395.8
6 WorldPay U.K.*
5,141.0 56 Unicre Portugal
7 Cielo Brazil
3,789.8 57 EVO Merchant Services U.S. 392.1
387.1
8 Moneris Solutions Canada 2,947.3 58 iPayment U.S.
378.4
9 Barclays U.K.
2,880.0 59 CIC Banques France
365.1
10 WorldPay U.S.
2,875.8 60 Transbank Chile
61
Teller
A/S
Norway*
361.0
11 Redecard Brazil
2,834.9
62
Absa
South
Africa
351.0
12 Heartland Payment Sys. U.S. 2,800.0
63
TransFirst
U.S.
348.5
13 Global Payments U.S.
2,441.5
347.8
14 Credit Mutuel France
2,431.6 64 Akbank Turkey
341.0
15 Elavon U.S.
2,352.2 65 Citibank Singapore*
16 BC Card South Korea
2,133.8 66 SIX Payment Serv. Switzerland 332.8
329.9
17 Credit Agricole France
1,921.5 67 Lloyds Banking Group U.K.
325.4
18 Wells Fargo Merch. Serv. U.S. 1,779.7 68 Evertec Puerto Rico*
19 Swedbank Group Sweden* 1,459.0 69 La Banque Postale France
319.0
20 Global Payments Canada
1,409.7 70 PayLife Bank Austria
317.5
21 Atos Worldline Belgium
1,186.0 71 AIBMS Ireland
302.4
22 TSYS Merchant Solutions U.S. 1,161.7 72 Sovereign/Santander U.S.
292.8
23 BPCE France
1,071.5 73 Banesco Banco Univ. Venezuela 275.8
24 HSBC/Global Payments U.K. 1,058.9 74 Parsaian Bank Iran
273.0
25 Mitsubishi UFJ Nicos Japan 1,047.4 75 Mellat Bank Iran
271.3
26 Luottokunta Finland
949.9 76 Bankia Spain
261.1
27 Visa Argentina
946.5 77 Banamex (Banco Nac’l) Mexico 253.9
28 Commonwealth Bank Australia 940.1 78 Merchant E-Solutions U.S.
242.9
29 TD Merchant Services Canada 910.7 79 Cynergy Data U.S.
242.2
30 BNP Paribas France
856.5 80 Melli Bank Iran
239.1
31 Mercury Payment Sys. U.S.
846.3 81 Banco Santander Spain
228.8
32 Samsung Card South Korea
833.6 82 First Data Argentina
224.3
33 ANZ Merchant Serv. Australia 819.8 83 Moneris Solutions U.S.
223.4
34 Elavon Europe Ireland*
808.5 84 BBVA Spain
222.3
35 KB Kookmin Card South Korea 807.2 85 North American Bancard U.S. 219.6
36 Societe Generale France
792.7 86 Intuit Payment Solutions U.S. 215.8
37 B+S Card Service Germany
715.3 87 Handelsbanken Sweden
211.3
38 Nat’l Australia Bank Australia 685.7 88 Concardis Germany
210.7
39 Westpac Australia
678.5 89 First American Pymt. Sys. U.S. 201.6
40 Sberbank Russia
669.2 90 Mercantil Banco Univ. Venezuela 196.7
41 The Bancorp Bank U.S.
622.4 91 First Nat’l Bank South Africa 196.4
42 PNC Merchant Services U.S. 618.8 92 Erste Bank Group Austria*
194.7
43 Comercia Spain
596.2 93 Saderat Bank Iran
192.7
44 BBVA Bancomer Mexico
592.6 94 ChinaTrust Comm. Taiwan
189.1
45 Garanti Bank Turkey
589.3 95 Westamerica Bank U.S.
186.7
46 Desjardins Canada
536.5 96 Bank Pekao Poland
184.5
47 SunTrust Merchant Serv. U.S. 530.1 97 eService Poland
183.5
48 Hyundai Card South Korea
524.9 98 Total Merchant Services U.S. 175.0
49 Credit Saison Japan
523.9 99 NCCC Taiwan
172.3
50 Yapi Kredi Bankasi Turkey
490.0 100 BB&T U.S.
170.6
Rank
Acquirer, Country
Transactions
(mil.)
101 BBVA Banco Prov. Venezuela 160.9
102 United Bank Card U.S.
154.6
103 MSI Merchant Services U.S.
148.5
104 PostFinance Switzerland
145.8
105 Banco Popular Spain
145.0
106 Standard Bank South Africa 141.9
107 Raiffeisen Bank Austria
140.2
108 Banesto Spain
139.1
109 Banco Santander Brazil
138.3
110 Nedbank South Africa
136.9
111 Sage Payment Solutions U.S. 135.8
112 Global Payments Hong Kong* 132.7
113 Orient Corporation Japan
130.8
114 PayPros U.S.
127.8
115 Fidelity Nat’l Info. Serv. U.S. 126.4
116 Finansbank Turkey
114.5
117 Banco de Venezuela Venezuela 105.2
118 Financial Trans. Services U.S. 104.8
119 Commerce Bank U.S.
102.0
120 Aduno Switzerland
101.7
121 Banc Sabadell Spain
100.5
122 Banco Santander/Elavon Mexico* 98.7
123 United Merchant Services U.S. 98.7
124 Banco Merc. del Norte Mexico 98.4
125 T. Vakiflar Bankasi Turkey
94.0
126 Privredna Banka Croatia
93.4
127 BankCard Services U.S.
93.2
128 Elavon Canada
92.6
129 Kasikornbank Thailand
89.9
130 Bancolombia Colombia
89.2
131 Key Merchant Serv./Elavon U.S. 87.4
132 Element Payment Serv. U.S.
83.9
133 Network International U.A.E. 82.4
134 Tejarat Bank Iran
80.2
135 PrivatBank Ukraine
71.7
136 Hang Seng Bank Hong Kong
71.7
137 Deutsche Credit Card Italy
71.3
138 HSBC Mexico
70.4
139 Priority Payment Systems U.S. 70.3
140 CSOB Czech Republic
69.8
141 CardNET Dominican Republic
69.7
142 Payment Alliance Int’l U.S.
68.4
143 Shared Elec. Bank Serv. Kuwait 68.4
144 Pasargad Bank Iran
67.2
145 Merchants’ Choice U.S.
66.8
146 Paysquare Netherlands
66.0
147 Central Payment U.S.
65.8
148 MLS Direct Network U.S.
64.1
149 SEB Lithuania
61.3
150 UCS Russia
57.0
Ranked by all purchase transactions by country (Visa, MasterCard, UnionPay, American Express, Discover, Diners Club, JCB, domestic
© 2012 The Nilson Report
debit and credit). *Includes other countries.
11
NOVEMBER 2012
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ISSUE 1,006 THE NILSON REPORT
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Morpho Adds ABnote europe Assets
(from page 1)...
ABnote in the Czech Republic. The transaction
is expected to close by year-end. Terms were not
disclosed.
www.morpho.com. Prior issues: 1,004, 1,002, 995,
985, 976
American Banknote sold card manufacturing
assets in Brazil to Valid in 2010. It will use the
CPS Technologies gives Morpho another bank
proceeds from the sale of its assets in Europe
card personalization bureau in France. Also
to invest in the U.S., Canada, and Asia/Pacific
included with CPS is the company’s Trusted
markets.
Service Manager (TSM) business
for over-the-air provisioning of
... following
American Banknote assets include a card
payment card credentials to mobile
manufacturing facility (high-security and
its purchase
handsets. The acquisition follows
nonsecure) in Massachusetts, a secure
of
cassis
Morpho’s purchase of TSM pioneer
printer and passport manufacturing
int’l earlier
Cassis International earlier this
facility in Tennessee, a high-security card
this year.
year.
manufacturing facility in Toronto, and a
card personalization bureau in Montreal.
ABnote Czech is a high-security
Steven Singer is CEO at American Banknote
card manufacturing plant. Morpho
Corporation in Fort Lee, New Jersey,
also owns card manufacturing plants in Germany,
(201) 592-3414, singer@americanbanknote.com,
the Netherlands, Russia, India, Brazil, Mexico,
www.americanbanknote.com. Prior issues: 960,
and Colombia. Philippe d’Andrea is Executive, VP
955, 921, 915, 913, 900, 899, 684
eDocuments at Morpho in Flintbek, Germany, 49
(4347) 715-1000, philippe.dandrea@morpho.com,
Elavon/Santander Joint Venture
Banco Santander and the
Elavon subsidiary of U.S. Bank
have formed a
merchant
acquiring joint venture (JV)
in Spain. Santander has been
using Elavon’s proprietary
dynamic currency conversion
platform in Spain since 2003.
Elavon will provide full
acquiring processing services
to the JV. It will own 51% of the
joint venture, with Santander
owning the remaining 49%.
Enrique Garcia Candelas
is Senior Executive VP,
Commercial Banking at Banco
Santander in Madrid, Spain,
34 (91) 289-0569, egcandelas@
gruposantander.com,
www.bancosantander.es.
Brazil and an alliance with
Bank of Ireland in Ireland.
Simon Haslam is President,
International Markets at Elavon
in Watford, U.K., 44 (192) 3651515, simon.haslam@elavon.
com, www.elavon.com. Prior
issues: 962, 950, 943,
934, 916
Elavon provides
full merchant
elavon will
acquiring
own 51% of
processing
the jv and
to Santander
santander the
merchants in the
other 49%.
United Kingdom,
Poland, Mexico,
and Puerto Rico
through a business model the
companies call an alliance.
Outside the U.S. it also has
a joint venture with Citi in
David Robertson, Publisher
NOVEMBER 16, 2012
12
NOVEMBER 2012
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ISSUE 1,006 THE NILSON REPORT
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HSN Consultants, Inc. d/b/a The Nilson Report. The right to possess digital versions of this report is granted solely to the individual subscriber.