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Canada Payment Cards
Consumer and commercial credit, debit, and prepaid cards issued in Canada carrying Visa, Mastercard, Interac, and American Express brands generated $529.85 billion in purchase volume for goods and services in 2016, up 5.5% over 2015. When cash advances and withdrawals are added to purchase volume on these general purpose cards, total volume was $563.53 billion. Cash accounted for 5.98% of total volume. It was 6.24% the prior year.
Flywire Adds B2B Payments
Flywire, known as PeerTransfer when it built its cross-border payment platform to handle consumer-to-business transactions in the education and healthcare industries, wants to expand its client base to include business-to-business transactions in travel,
Second 50 U.S. Visa/MC Credit Card IssuersVisa and Mastercard credit card issuers ranked 51st to 100th largest in the U.S. at year-end 2016 based on outstandings are listed on pages 10 and 11. The 50 largest MasterCard and Visa credit card issuers were ranked in issue 1104.
WeChat Pay Expands to the U.S.Card payments did not have the decades-long advantage over mobile phone-based payments in China that was true in much of the world. Mass availability of payment cards began with the establishment of UnionPay in 2003. By 2006, Alipay mobile
Wirecard Buys Citi’s Asia MerchantsMerchant card processing contracts owned by Citi in Singapore, Hong Kong, Macau, Taiwan, Malaysia, Indonesia, the Philippines, Thailand, India, Australia, and New Zealand will be purchased by Wirecard. Terms were not disclosed. Sale of the
Omnyway QR Code Purchases from AdsOver the last 18 months Omnyway, formerly OmnyPay, has linked to U.S. retailers interested in adding QR code-based payments to their mobile loyalty/rewards apps. Those retailers, which include Kohl’s and its Kohl’s Pay mobile payment service, usually
PIN on Mobile Device Tests in the U.K.Visa and Mastercard tested PIN entry directly onto the screen of Square POS smartphones and tablets last year in Australia, replacing a separate PCI PTS-compliant PIN entry device connected via Bluetooth, which is required for PCI-approved
7 Canada Market Shares 7 Canada General Purpose Cards 8 General Purpose Credit Issuers in
Canada Ranked by Outstandings 2016
9 Market Shares of Visa & Mastercard Outstandings
11 Second 50 Largest Visa/Mastercard U.S. Credit Card Issuers 2016
2 – 4 Fast Facts 5 Cayan Handheld POS Device 6 Loyalty Fraud Prevention
Association
INSIDE CHARTS
‘15‘16 22.23
20.93
‘15‘16 25.02
20.71
‘15‘16 38.63
37.41
‘15‘16 39.27
37.83
‘15‘16 71.52
68.38
‘15‘16 74.34
69.62
41% 30% 25% 4%
Visa Interac Mastercard Amex
Canada
RBC Royal Bank•
TD Bank•
BMO•
CIBC•
Scotiabank•
Fed. Desjardins•
© 2017 The Nilson Report
MARKET SHARESOF PURCHASE VOLUME
2016
PURCHASE VOLUME ($BIL.) 2015 VS. 2016
> see p. 10 > see p. 7
> see p. 5
> see p. 12
> see p. 12
> see p. 6
> see p. 7
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FOR 46 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE MARCH 2017 / ISSUE 1106
© 2017 HSN Consultants, Inc. THE NILSON REPORT
Conferences & Seminars
Seamless Middle East 2017: May 1-2, 2017. The Dubai International Convention & Exhibi-tion Centre, Dubai, UAE. Estimated attendance: 10,000+. Cost for the two-day conference is $2,195 until April 7 (group rates available). Subscribers to The Nilson Report will receive a 20% discount. Contact James Inston at Terrapinn, 971 (4) 440-2535, [email protected]. Register at www.terrapinn.com/exhibition/seamless-middle-east/.
Cardware 2017 — Payment Insights: May 1-3, 2017. The Hilton Niagara Falls/ Fallsview Hotel & Suites, Niagara Falls, Ontario, Canada. Estimated attendance: 350. Cost for the three-day conference is $1,108 ($1,450 CAD). Contact Ellen Bansil at ACT Canada, (905) 426-6360 x 122, [email protected]. Register at www.cardware.ca.
Loyalty Expo 2017: May 2-4, 2017. The Caribe Royale Orlando, Orlando, Florida. Estimated attendance: 600. Cost for the three-day conference ranges from $799 to $1,499. Subscribers to The Nilson Report will receive a 20% discount. (Use code NILSON20LE17.) Contact Tyler Kratzer at Loyalty360, (513) 800-0360 x133, [email protected]. Register at www.loyaltyexpo.com.
THE U.S. SUPREME COURT has left in place a U.S. Circuit Court of Appeals for the Second Circuit ruling that the class action antitrust settlement involving defendants Visa, Mastercard, and top U.S. credit card issuers over inter-change fees did not adequately represent the interests of all merchants. The defendants, and many retailers, wanted the settlement to be approved. Originally valued at $7.25 billion, that amount fell to $5.70 billion when more than 8,000 larger retailers, from a class of 12 million, opted out.
US PAYMENTS FORUM supports the introduction and implementation of new and emerging technologies. It has produced a white paper that reviews card-not-present fraud experiences around the world, which can be downloaded at http://www.uspaymentsforum.org/cnp-fraud-around-the-world/.
KOUNT and CHARGEBACKS911 have formed a partner-ship to promote their Kount Complete and Chargebacks911 products, which fight third-party fraud and friendly fraud. Monica Eaton-Cardone is COO at Chargebacks911, (727) 461-1089, [email protected], www.chargebacks911.com. Rich Stuppy is COO at Kount, (208) 489-3385, [email protected], www.kount.com.
CONSTELLATION PAYMENTS, an omnichannel gateway and merchant service provider, specializes in integrated payment processing for software applications. The company has entered into an agreement with Vantiv, the top U.S. acquirer, to give merchants the opportunity to operate under Vantiv’s payment facilitator services program. Instead of requiring merchants to have their own merchant account, once approved, merchants are boarded and funded under the payment facilitator’s master merchant account. Steve Pinado is CEO at Constellation Payments, (267) 287-1070, [email protected], www.csipay.com. Jake West is Leader of Business Development for PayFac at Vantiv, [email protected], (970) 335-4127, www.vantiv.com.
FACTOR4 has integrated its private label prepaid card services for small and midsized businesses with 3dcart’s eCommerce platform. More than 11,000 merchants use Factor4 to issue prepaid cards and manage loyalty programs. Dan Battista is CEO at Factor4, (484) 614-6813, dan@ factor4gift.com, www.factor4gift.com. Jimmy Rodriguez is COO at 3dcart, (954) 582-5080, [email protected], www.3dcart.com.
WORLDPAY US, the 7th largest merchant acquirer in the U.S., will offer its customers BillingTree’s myPayrazr IVR, a PCI DSS and HIPAA-compliant, fully automated voice response system designed to manage billing accounts and make self-service real-time payments. Mike Frank is SVP and Head of Sales, Corporate Business Unit at Worldpay US, (678) 587-1352, [email protected], www.worldpay.com/us. Chad Probst is VP of Sales and Business Development at BillingTree, (602) 443-5915, [email protected], www.mybillingtree.com.
THE CONSUMER FINANCIAL PROTECTION BUREAU (CFPB) has ordered Experian to pay a civil penalty of $3 million for what the CFPB says was deceiving consumers about credit scores it marketed. Experian developed a proprietary credit scoring model it referred to as the “PLUS Score,” which was sold to consumers as what was used by lenders to make credit decisions. In fact, it is not used by lenders for credit decisions.
DIGITAL RIVER WORLD PAYMENTS is working with First Data to offer online merchants a turnkey service for processing in-country payments in Hong Kong, Singapore, and Australia. Digital River will also use First Data’s acquiring platform to expand in-country payments in Europe. Hayden Reed is SVP and General Manager at Digital River, (952) 253-1234, [email protected], www.digitalriver.com. Shane Fitzpatrick is Head of Global Ecommerce at First Data, (404) 890-2000, shane.fitzpatrick@ firstdata.com, www.firstdata.com.
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CORRECTION: In issue #1105, we said that Noventis, which changed its name from PreCash in 2016, received $4.0 billion in debt financing from Silicon Valley Bank. The amount was $4.0 million. In addition, we said that the company divested its over-the-counter cash-based utility bill payments business. It did not. The divestiture was of its prepaid card and other consumer payments businesses.
ICBA BANCARD, the payment services subsidiary of the Independent Community Bankers of America, has partnered with Cachet Financial Solutions and Central Bank of Kansas City to offer its Select Mobile Money-Express (SMM-X) platform. SMM-X features the reloadable Select Mobile Money Prepaid Mastercard. Cachet is the mobile technology provider. Central Bank is the prepaid card issuer. Trent Sorbe is President at CBKC’s Central Payment’s Division, (605) 370-5135, [email protected], www.central-payments.com. Tina Giorgio is CEO at ICBA Bancard, (202) 659-8111, [email protected], www.icbabancard.org. Jeffrey Mack is CEO at Cachet, (952) 698-6980, jmack@ cachetfinancial.com,www.cachetfinancial.com.
PAYSIMPLE, which provides more than 15,000 small and midsized busi-nesses with software products that handle ecommerce, card, and e-check processing, mobile payments, recurring billing, and more, now offers Service Point-of-Sale, a platform that targets services businesses with a virtual POS terminal integrated with all payment, billing, and customer management features. Jim Olson is VP Product Development, (720) 544-6169, [email protected], www.paysimple.com.
U.S. BANK will be the first financial institution to offer mobile payments for Visa corporate card transactions. The bank’s Corporate Travel Card clients can choose among Apple Pay, Android Pay, or Samsung Pay. Meg Wood is Senior Product Manager, Corporate Payment Systems at U.S. Bank, (612) 436-6504, [email protected], www.usbpayment.com.
EQUINOX PAYMENTS’ Apollo terminal has been certified to accept EMV transactions on First Data’s Omaha platform. Rob Hayhow is VP, Business Development at Equinox Payments, (480) 551-7857, rhayhow@ equinoxpayments.com, www.equinoxpayments.com.
LENDERMATCHIQ.COM provides a platform that ISOs and agents can use to provide their credit card processing clients with multiple funding sources including business loans and merchant cash advances. The company offers commissions and free training. Damon Anthony is Co-Founder, (646) 737-6820, [email protected], www.lendermatchiq.com.
REGO PAYMENT ARCHITECTURES is the new name of Virtual Piggy, creators of the only COPPA-compliant technology aimed at providing payment capability to people 17 years and younger. John Coyne is CEO, (561) 220-0408, [email protected], www.oink.com.
SIMILITY, provider of an adaptive fraud prevention platform that leverages artificial intelligence, has launched Adaptive 3-D Secure, which helps merchants deploy the security protocol only for identified high-risk transactions. The aim is to reduce sales abandonment while providing charge-back protection to merchants. Rahul Pangam is CEO, (650) 351-7592, [email protected], www.simility.com.
PAYCHEX handled $516.0 million in Visa and Mastercard volume from 4,136,287 transactions in 2016. The company, a registered MSP/ISO for Elavon, provides services to over 3,300 U.S. merchants. David Durick is Product Marketing Manager at Paychex, (585) 387-6458, ddurick@ paychex.com, www.paychex.com.
GLOBAL PAYMENTS’ OpenEdge integrated payments division has launched EdgeExpress Cloud, a platform designed to streamline payment integration with SaaS, Deployed, Mobile, and eCommerce software applications. EdgeExpress Cloud leverages an API to reduce development cycles and enable faster delivery of software to the merchant. Sid Singh is President of Integrated Solutions & Vertical Markets at Global Payments, (770) 829-8375, [email protected], www.globalpaymentsinc.com.
PINNACLE CORPORATION, a top supplier of technology automation to retail convenience stores and fuel inventory management locations, will offer its customers Bluefin Payment Systems’ PCI-validated point-to-point encryp-tion service. Greg Cornwell is SVP of Security Solutions at Bluefin, (770) 709-7745, [email protected], www.bluefin.com. Adam Mitchell is Marketing Manager at Pinnacle, (817) 795-5555 x258, amitchell@ pinncorp.com, www.pinncorp.com.
ADYEN, the in-store and online merchant processing provider, increased transaction volume 80% year over year in 2016 to reach $90 billion. Adyen has a single, global, end-to-end platform. Last year it expanded local card acquiring capabilities to the U.S., Brazil, Hong Kong, and Australia. Pieter van Der Does is CEO, 31 (20) 420-1242, [email protected], www.adyen.com.
PAYMENTWALL, a global payment service provider, has integrated with the Interac Online direct debit payment network in Canada. Non-Canadian companies can accept direct debit payments online from 14 million Canadians through the participation of RBC Royal Bank, Scotiabank, BMO Bank of Montreal, and other financial institutions. Benoit Boisset is COO at Paymentwall, (415) 812-1556, [email protected], www.paymentwall.com.
Andrea Dunlop, CEO of Acquiring & Card Solutions at PaySafe, has been appointed Deputy Chair at Emerging Payment Association’s Advisory Board, 44 (207) 608-8460, andrea.dunlop@ paysafe.com. Cindy O’Neill has been appointed President, Commercial Payments Division at Priority Holdings, (229) 588-8354, [email protected]. William Hernandez has been appointed Chief Executive Officer at First Performance Global, (404) 969-1493, [email protected]. Cindy McCall has been appointed Director of Marketing at RP Solutions, (607) 257-7778, [email protected]. Gerardo Talavera has been appointed Managing Director, Latin America at Evolis, (954) 777-9262, [email protected]. Jorden van Cann has been appointed Commercial Direct at PaymentsCompliance, 44 (207) 921-9980, [email protected].
Management Changes
© HSN Consultants, Inc. 2015 THE NILSON REPORT 2MARCH 2015 / ISSUE 1059 / THE NILSON REPORT© 2017 HSN Consultants, Inc. THE NILSON REPORT 3MARCH 2017 / ISSUE 1106 / THE NILSON REPORT
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COMMERCIAL BANK OF AFRICA in Kenya has deployed an instant card issuance service based on a mobile app named Loop. Tieto developed and delivered the technology, which aims to serve 1 million currently unbanked Kenyans with Mastercard cards. Eric Muriuki is GM, New Business Ventures at Commercial Bank of Africa, 254 (20) 288-4000, [email protected], www.cbagroup.com. Maris Ozolins is Head of Retail Payments and Cards at Tieto, (371) 2921-7209, [email protected], www.tieto.com.
PAYMENTSCOMPLIANCE provides a daily analysis of legal and regulatory changes, mainly focused on the EU. It produces daily updates on PSD2, interchange fees, anti-money laundering, and related topics. John Basquill is Editor, 44 (207) 921-9980, [email protected], www.paymentscompliance.com.
INGENICO EPAYMENTS will provide client Air China with access to cardholders on the Discover Global Network. All 10 of the network’s alliance agreements, such as BC Card, ELO, Rupay, and JCB, are included. Nick Tubb is General Manager of Asia Pacific at Ingenico ePayments, (65) 6408-8222, [email protected], www.ingenico.com/epayments.
KANBAWZA BANK (KBZ) in Myanmar has introduced two Visa credit cards denominated in kyats, the country’s national currency. Both offer Visa payWave contactless technology. Pimonpan Tiyaprasertkul is Card Director at KBZ, (95) 9964-228955, [email protected], www.kbzbank.com. Arturo Planell is Country Manager at Visa, (95) 9971-716688, aplanell@ visa.com, www.visa.com.
VERIFONE V200C, the new countertop device from the world’s second larg-est POS terminal manufacturer, has been installed at Anne Rueschenschmidt, a boutique fashion retailer in Northern Germany. The V200 is part of Verifone Engage, a family of devices aimed at small to medium-sized businesses. Markus Hoevekamp is VP and General Manager at Verifone Germany, 49 (6) 6218-4500, [email protected], www.verifone.com.
AEVI has added Homebase’s employee management platform to its Global Marketplace store for merchants and acquirers. Homebase’s team manage-ment app provides small businesses with employee time tracking and scheduling, as well as internal communication. John Waldmann is CEO at Homebase, (650) 814-4796, [email protected], www.joinhomebase.com. Mike Camerling is Chief Product Officer at AEVI, 44 (134) 438-4800, [email protected], www.aevi.com.
EUROPEAN CARDS STAKEHOLDERS GROUP (ECSG), the organization facilitating card payment standardization in the Single Euro Payments Area (SEPA), has published version 8.0 of the SEPA Cards Standardization Volume. Download at https://tinyurl.com/jvckrt5.
JIFFY, the smartphone-based person-to-person real-time mobile payment service developed by SIA, reports it has more than 4.2 million users, making it the second largest in Europe behind Swish (5 million) in Sweden. Paym (3.5 million) in the U.K. is third largest. The average value of a Jiffy trans-action is about 50 euros ($53.90), with transactions under 25 euros ($26.95) accounting for 40% of the total. Cristina Astore is Director, International Division at SIA, 39 (02) 6084-2720, [email protected], www.sia.eu.
KOMBANK, the largest state-owned bank in Serbia, has deployed MeaWallet’s mobile payment technology to perform contactless transactions at POS terminals. The bank calls its mobile banking application KOMePay. MeaWallet’s Mobile Service platform supports HCE tokenization, MDES/VTS, Masterpass, and converged wallets. MeaWallet is a part of the Seamless Group. Lars Sandtorv is CEO at MeaWallet, 47 (90) 955-111, [email protected], www.meawallet.com.
BARCLAYCARD credit card customers in the U.K. will receive a free Uber ride valued at up to £15 ($18.60) for every 10 rides they take and pay for using their Barclaycard. First time Uber users who link a Barclaycard credit card or Barclays personal debit card to the app will also receive up to £10 ($12.40) off each of their first two trips. The rewards will be in effect until the end of 2017. Brian Cole is CEO at Barclaycard U.K., 44 (207) 116-1000, [email protected], www.barclaycard.co.uk.
MTPS, the certification program for all mobile financial services technologies in China, has certified the newly released PEARL 900k v4+ Secure Element from OT (Oberthur Technologies). Viken Gazarian is Deputy Director of the Connected Device Makers Business at OT, 33 (1) 7814-7601, [email protected], www.oberthur.com.
EKO-PAY, a technology company with proprietary technology for financial and nonfinancial transactions, prepaid cards, and loyalty programs, will offer its customers in the Asia-Pacific region Eko-B2B to automate payment workflows. It will support Eko-Pay with integration to Mastercard’s inControl platform. Nagesh Devata is SVP, Acceptance and Merchant Development at Mastercard, (65) 6390-5961, [email protected], www.mastercard.com. Jean-Pierre Gagnon is CEO at Eko-Pay, 63 (32) 262-1703, [email protected], www.eko-pay.com.
VISA’S mVisa QR-based payment service has expanded to India, Kenya, and Rwanda and will soon be available in Egypt, Ghana, Indonesia, Kazakhstan, Nigeria, Pakistan, and Vietnam. mVisa allows consumers to use their mobile phones to scan a QR code to make purchases at participating merchants, pay bills, and send money by linking their Visa debit, credit, or prepaid account to the mVisa application. Uttam Nayak is SVP of Digital for Emerging Markets, 971 (4) 457-7200, [email protected], www.visa.com.
SPIRE PAYMENTS has signed a five-year contract with Nets Merchant Services to supply its full range of POS devices and related support services. Kazem Aminaee is CEO at Spire Payments, 34 (91) 722-7700, [email protected], www.spirepayments.com. Asger Hattel is Group Executive VP, Merchant Services at Nets, 45 (44) 897-422, [email protected], www.nets.eu.
MASTERCARD will provide financial incentives to create a Masterpass QR code-based merchant acceptance infrastructure of over 150,000 micro, small, and medium-sized businesses in Kenya. Masterpass QR (Quick Response) is a mobile phone-based, person-to-merchant payment service. Consumers pay for in-store purchases by scanning the QR code display at the checkout on their smartphones, or by entering a merchant identifier into their feature phones. Gaurang Shah is Head of Digital Payment Solutions, MEA, (971) 4391-4254, [email protected], www.mastercard.com.
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The Genius Handheld EMV-certified mobile payment device from Cayan is a semi-integrated terminal
available in the U.S. It uses the Android operating system. When connected to a wireless network, employees can take the device anywhere in the store. Where a Wi-Fi connection or hot spot is available, it can be used for sidewalk sales or pop-up shops.
Genius Handheld can be used as a stand-alone device when a POS application is loaded as a native Android app or through a web-based app. The Genius Handheld has a 4-inch WVGA display screen with 400 x 800 resolution. There is an integrated bar code scanner.
Most of Cayan’s revenue comes from its merchant acquiring business. It also offers merchants a payment gateway. Shipments of Genius terminals began in 2013. Verifone
manufactured the hardware for the 30,000 installed Genius countertop devices.
BBPOS manufactures the Genius Handheld terminal. Software applications and the Level II EMV kernel in both devices are proprietary to Cayan.
Most Cayan terminal sales are generated by point-of-sale developers that incorporate Cayan’s
payment processing software and gateway with their software.Henry Helgeson is CEO
at Cayan in Boston,
Massachusetts,
(857) 221-3823,
hhelgeson@cayan.
com, www.cayan.com.
merchant portfolio in all countries will close by the end of June. Wirecard says the EBITDA for
these businesses will amount to more than $21 million.
Among acquirers in Asia-Pacific, Citi ranks as the 13th largest based on more than 214 million Visa and Mastercard transactions processed annually from more than 147,000 active merchant outlets with more than 182,000 POS terminals. Those merchants also generate more than 146 million transactions from other card brands.
Wirecard, based in Germany, recently acquired the prepaid card business Citi owned in the U.S.
In Asia, Wirecard maintains offices in Singapore, Malaysia, Vietnam, Indonesia, India, New Zealand, and Australia. It acquired New Zealand-based CFG Group in 2014 for approximately $50 million. CFG provides merchant and cardholder account processing in over 20 countries around the world. Wirecard purchased Singapore-based Visa Processing Service and Visa Processing Services in India for $16 million in 2015. Those businesses focused on private label and general purpose prepaid card account processing. In December 2016, Wirecard formed a merchant acquiring services business in Australia with Cuscal, a provider of processing services to more than 80 financial
institutions. Cuscal is the Visa and Mastercard BIN sponsor.
In Indonesia, Wirecard’s Primavista Solusi subsidiary supports contactless POS terminals for large retailers. Its GI Technology subsidiary in India works with DCB Bank to acquire mVisa QR code-based payments.
Wirecard has a POS terminal partnership in Asia-Pacific with
Verifone. In Singapore, it is a Principal Member of Visa and handles processing for 2,000 taxis.Fook Sun Ng is Managing Director
at Wirecard Asia in Singapore,
(65) 6690-6699, fooksun.ng@
wirecard.com, www.wirecard.com.
EBITDA for these businesses will amount to more than $21 mil.
...has a 4-inch WVGA display screen with 400 x 800 resolution.
Wirecard Buys Citi’s Asia Merchants from page 1...
Cayan Handheld POS Device
© 2017 HSN Consultants, Inc. THE NILSON REPORT 5MARCH 2017 / ISSUE 1106 / THE NILSON REPORT
The global movement in the payment card industry to deploy EMV fraud fighting technology has unexpectedly contributed to fraud in loyalty programs.
Organized crime, which sees long-term opportunities diminishing for payment card fraud, sees growth potential in the theft of loyalty points, which previously had been a problem associated with employees of program operators and individual members of programs.
In recent years, data breaches have made loyalty programs victims of account takeover. Large-scale breaches provide professional criminals with the data they need to make a profitable business from stealing loyalty points and selling them.
Loyalty points are more attractive now that they are redeemable not only for use on a particular airline or at a particular hotel, but also at partners of
airlines or hotels where points were originally earned. More valuable is that points in some programs can be redeemed for merchandise and prepaid cards.
The Loyalty Fraud Prevention Association (LFPA) was formed in 2015 to create a standards body similar to the Payment Card Industry Security Standards Council.
LFPA members include airline, hotel, retailer, and other program managers, providers to the industry of services such as Bridge2 Solutions, ICLP, and
Foregenix, as well as security specialists. Members share information and experiences, and
develop best practices via working groups, online forums, webinars, conferences, and workshops.
The next LFPA meeting will be in Atlanta, Georgia, on May 24th-25th. Peter Maeder is Co-Founder at
the Loyalty Fraud Prevention
Association in Mont-sur-Rolle,
Switzerland, 41 (79) 691-7135,
http://loyaltyfraudassociation.org.
phone-based QR code payments were also available to China’s consumers. With 450 million active users, Alipay is now as popular as UnionPay. Most Alipay transactions are settled directly with China’s banks, bypassing UnionPay. The same is true for QR code-based person-to-person and point-of-sale payments from WeChat Pay.
WeChat is a mobile social network with 889 million users. It is even bigger than Alipay when
measuring person-to-person payments. While it is not as big as Alipay for point-of-sale payments, WeChat Pay is growing in that channel very quickly.
Citcon is helping Alipay and WeChat Pay establish merchant acceptance in the U.S. Formed in 2016, Citcon signs agreements with restaurants, retailers, and other merchants in U.S. cities where Chinese tourists visit. So far, 200 merchants have been signed. Citcon also facilitates Alipay and WeChat Pay payments on the web, mobile web, and social networks.
Merchants can integrate Citcon’s service with their existing PC-based cash register system or lease a stand-alone POS terminal (shown here), manufactured for Citcon. Authorizations for Alipay and WeChat Pay go from Citcon directly back to China. No gateway is involved. This helps make QR code mobile payments cheaper for U.S. merchants to accept than UnionPay, Visa, or Mastercard card payments. Chunbo Huang is CEO at Citcon in Santa Clara,
California, (408) 656-2537, [email protected],
www.citcon-inc.com.
The next meeting will be in Atlanta, Georgia on May 24th-25th.
WeChat Pay Expands to the U.S. from page 1...
Loyalty Fraud Prevention Association
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Purchase transactions reached 10.54 billion, up 7.3% over 2015. Mastercard grew by 12.4%. Visa was up 8.6%. Interac, Canada’s PIN-based debit brand, increased 5.0%. American Express was unchanged. Interac’s market share of purchase transactions declined to 51.49% from 52.60% in 2015. Visa’s share increased to 27.84% from 27.49%, Mastercard’s share increased to 19.20% from 18.33%, and American Express’s share slipped to 1.47% from 1.58%.
luxury goods, publishing, business services, and other industries. It will focus on sellers that invoice
more than $5,000 in international sales monthly.
Many sellers receive cross-border payments via wire transfers that are slow to settle, impacting cash flow. Wire transfers also include fees from every bank that
facilitates the payment along the way. And there is a foreign exchange fee. None of these fees are knowable in advance, which makes it impossible for sellers to reconcile their account receivables with the maximum efficiency. Multiple parties in cross-border payments also complicate regulatory compliance.
Flywire’s platform was built to eliminate those issues. It processes
payments in 120 currencies from 200 countries and territories
supported by a global network of banks and processors including Visa, UnionPay, Bolero, Barclays, Chase, Deutsche Bank, Worldpay, and Bank of America.
The company plans to sign new clients through expansion of its direct sales force in North America, Europe, and Asia. In Europe and Asia it will also operate through strategic partners that add value to the Flywire service.Jeff Althaus is Executive VP and
General Manager, Business
Segment at Flywire in Boston,
Massachusetts, (617) 207-7076,
www.flywire.com.
...processes payments in 120 curren-cies from 200 countries/territories.
DOLLAR VOLUME (bil.) TRANSACTIONS (mil.) CARDS BRAND TOTAL Chg. PURCHASES Chg. CASH Chg. TOTAL Chg. PURCHASES Chg. (mil.) Chg.
Visa $236.86 5.5% $217.98 5.4% $18.88 7.0% 2,979.0 8.4% 2,935.0 8.6% 56.0 3.7%
Interac $167.63 2.3% $159.89 2.4% $7.74 0.5% 5,428.0 5.0% 5,428.0 5.0% 46.6 0.9%
Mastercard $139.33 9.5% $132.35 9.9% $6.98 1.0% 2,046.0 12.2% 2,023.8 12.4% 51.8 8.8%
American Express $19.71 –2.5% $19.63 3.2% $0.08 –93.6% 155.3 0.0% 155.0 0.0% 3.3 –8.3%
TOTALS $563.53 5.2% $529.85 5.5% $33.68 0.7% 10,608.3 7.2% 10,541.8 7.3% 157.7 4.1%
Credit Cards $395.90 6.4% $369.96 6.9% $25.94 0.8% 5,180.3 9.6% 5,113.8 9.8% 111.1 5.6%
Currency fi gures are in U.S. dollars. Change fi gures are based on Canadian dollars. Some prior year fi gures have been restated. Use percent change shown to calculate new 2015 fi gures. Credit card totals are for Visa, Mastercard, and American Express, and include Visa and Mastercard debit and prepaid cards. Interac is a debit card brand, and some purchase transactions include cash back at the point of sale. © 2017 The Nilson Report
Canada General Purpose Cards 2016 vs. 2015
Interac 51.5% –111
Visa 27.8% +35
Mastercard 19.2% +87
Amex 1.5% –11
Chg. in Brand Share Basis Pts.
Market Shares of PurchaseTransactions by Brand
10.54bil.
© 2017 The Nilson Report> see p. 8
Flywire Adds B2B Payments from page 1...
Canada Payment Cards from page 1
© 2017 HSN Consultants, Inc. THE NILSON REPORT 7MARCH 2017 / ISSUE 1106 / THE NILSON REPORT
For the fifth year in a row, Mastercard purchase volume had the highest percentage increase among all brands. It grew 9.9% to $132.35 billion. Visa card purchase volume increased 5.4% to $217.98 billion. American Express purchase volume grew 3.2% to
$19.63 billion. Interac purchase volume increased 2.4% to $159.89 billion.
The average purchase amount for an American Express transaction was $127. Visa’s average amount was $74. Mastercard’s average was $65. Interac’s average was $29.
For the fourth year in a row, TD Bank held the top spot among credit card issuers in Canada based on outstandings. It was also the largest based on purchase transactions and active accounts. Its cash volume was tops among Mastercard issuers.
RBC Royal Bank remained the largest credit card issuer based on purchase volume and total volume, positions it has held for five years. It was also the largest Visa issuer based on total volume, purchase volume, and purchase transactions.
Among all Mastercard issuers, BMO was the largest issuer in every category except cash volume.
BMO issues Diners Club cards in Canada. All also carry the Mastercard brand.
Increases in credit card outstandings were led by RBC Royal Bank up $640.8 million (C$861.4 million), Capital One up $497.2 million (C$668.4 million), Scotiabank up $301.3 million (C$405.0 million), CIBC up $294.0 million (C$395.3 million), Federation des caisses Desjardins up $246.9 million (C$332.0 million), TD Bank up $221.3 million (C$297.4 million), and Canadian Tire up $191.8 million (C$257.8 million).
Increases in credit card purchase volume were led by RBC Royal Bank up $4.72 billion (C$6.25 billion), Scotiabank up $4.31 billion (C$5.70 billion), and TD Bank up $3.15 billion (C$4.16 billion).
Increases in purchase transactions were led by Scotiabank, which added 83.8 million, followed by RBC Royal Bank up 82.3 million, TD Bank up 60.3 million, Federation des caisses Desjardins up 32.5
million, CIBC up 30.2 million, and President’s Choice Financial up 26.1 million.
‘16 ‘15 OUTSTANDINGS ‘16 ‘15 TOTAL VOLUME ‘16 ‘15 PURCHASE VOLUME ‘16 ‘15 CASH VOLUME ‘16 PURCHASE TRANS. ‘16 TOTAL ACCOUNTS ‘16 ACTIVE ACCOUNTS ‘16 CARDS Issuer Brand Rank Rank (mil.) Local Chg. Rank Rank (mil.) Local Chg. Rank Rank (mil.) Local Chg. Rank Rank (mil.) Local Chg. Rank (mil.) Chg. Rank (000) Chg. Rank (000) Chg. Rank (000) Chg.
TD Bank V/MC 1 1 $14,274.5 1.6% 2 2 $74,080.0 4.4% 2 2 $71,521.7 4.6% 3 3 $2,558.3 –1.4% 1 951.4 6.8% 2 13,236 5.5% 1 7,187 2.7% 3 16,196 3.1% RBC Royal Bank V/MC 2 2 $12,660.4 5.3% 1 1 $77,081.1 6.4% 1 1 $74,342.6 6.8% 2 2 $2,738.5 –2.0% 2 914.3 9.9% 4 7,388 2.7% 3 4,983 3.2% 4 9,604 2.7% CIBC V/MC 3 3 $9,214.9 3.3% 3 3 $41,001.4 3.5% 4 4 $38,632.5 3.3% 4 4 $2,368.9 6.6% 3 511.2 6.3% 6 4,571 1.9% 4 3,513 1.1% 5 6,086 –17.3% Fed. des caisses Desjardins V/MC 4 4 $6,687.6 3.8% 6 5 $25,650.4 5.6% 6 5 $22,320.1 6.2% 1 1 $3,330.3 1.5% 6 361.8 9.9% 7 4,085 6.2% 7 2,550 15.5% 7 4,548 6.0% BMO MC/Diners 5 5 $6,296.0 0.0% 4 4 $40,895.7 3.5% 3 3 $39,264.7 3.8% 6 6 $1,631.0 –2.3% 4 498.8 2.1% 3 12,500 –0.8% 6 3,070 0.7% 2 18,600 –0.5% Scotiabank 1 V/MC/Amex 6 6 $5,363.7 6.0% 5 6 $26,747.6 18.9% 5 6 $25,023.0 20.8% 5 5 $1,724.5 –3.6% 5 379.6 28.3% 5 4,659 –17.8% 5 3,509 –6.0% 6 5,688 –13.9% Capital One MC 7 7 $5,332.3 10.3% 7 7 $15,340.4 6.8% 7 7 $14,700.1 7.0% 7 7 $640.3 1.0% 8 220.7 10.0% 8 3,434 0.0% 10 1,811 0.2% 8 3,915 0.0% Canadian Tire MC 8 8 $3,866.0 5.2% 9 9 $9,280.1 2.1% 9 9 $8,947.6 2.1% 9 9 $332.4 1.5% 9 155.4 1.3% 9 2,665 0.4% 8 1,880 1.9% 9 3,255 –2.7% President’s Choice Financial MC 9 9 $2,199.6 4.6% 8 8 $13,703.8 9.3% 8 8 $13,561.3 9.4% 13 12 $142.5 –4.6% 7 275.2 10.5% 10 2,139 1.3% 9 1,843 1.3% 10 3,223 4.7% National Bank of Canada MC 10 10 $1,679.1 5.3% 10 10 $8,536.9 8.2% 10 10 $8,163.3 8.6% 8 8 $373.6 0.4% 10 118.7 10.7% 11 1,585 0.4% 11 922 –2.1% 11 2,793 0.6% Walmart MC 11 12 $719.2 18.2% 17 17 $966.5 13.1% 17 17 $909.1 13.6% 14 14 $57.4 5.6% 16 17.7 12.0% 12 360 4.3% 15 169 4.3% 13 373 4.8% U.S. Bank V 12 11 $619.4 –5.3% 13 13 $2,124.3 2.4% 12 12 $2,121.3 2.4% 18 18 $3.0 –14.1% 17 10.9 0.6% 14 302 –9.7% 19 32 0.2% 17 225 –1.1% ATB Financial MC 13 13 $543.4 2.3% 12 12 $2,243.9 2.9% 13 13 $1,999.2 3.5% 10 10 $244.7 –1.2% 14 23.6 5.5% 15 245 0.7% 14 189 1.4% 14 303 0.7% HSBC MC 14 14 $282.2 –0.4% 11 11 $2,498.3 1.0% 11 11 $2,454.3 1.3% 15 15 $44.0 –10.7% 12 28.2 5.7% 13 303 0.1% 12 242 –1.6% 12 480 0.0% Home Trust V 15 16 $275.0 7.9% 19 19 $252.3 17.3% 19 19 $105.9 8.8% 12 13 $146.5 24.4% 19 1.8 6.3% 19 87 25.4% 18 40 9.7% 19 104 20.2% Laurentian Bank V 16 15 $260.5 –6.4% 15 15 $1,203.0 2.6% 15 15 $1,171.6 3.0% 16 16 $31.5 –9.1% 15 20.5 6.2% 17 210 –6.2% 13 202 0.1% 16 240 –6.0% Vancity Savings CU V 17 17 $189.1 0.0% 14 14 $1,432.8 9.1% 14 14 $1,406.0 9.3% 17 17 $26.8 –1.3% 13 24.4 9.0% 16 218 1.8% 16 127 0.1% 15 272 –1.4% Peoples Trust Company 2 V/MC 18 18 $52.3 42.2% 16 16 $1,125.3 3.7% 16 16 $972.2 8.3% 11 11 $153.2 –18.3% 11 31.1 24.7% 1 19,920 52.3% 2 6,352 23.2% 1 19,920 52.3% Citizens Bank of Canada V 19 20 $3.6 –8.8% 20 20 $22.7 –8.1% 20 20 $22.2 –8.1% 19 19 $0.5 –9.9% 20 0.4 –7.5% 20 9 –3.4% 20 3 –7.6% 20 12 0.9% Comdata MC 20 21 $0.3 –82.5% 18 18 $394.7 27.8% 18 18 $394.7 27.8% — — — — 18 3.0 26.0% 18 130 37.0% 17 93 60.3% 18 130 37.0%
TOTAL $70,519.0 4.6% $344,581.4 6.1% $328,033.5 6.4% $16,547.8 –0.1% 4,548.8 8.9% 78,045 9.8% 38,717 4.8% 95,966.6 6.3%
Includes consumer and commercial credit and prepaid cards. The fi gures for outstandings, total volume, purchase volume, and cash volume for 2016, reported by issuers in Canadian dollars by quarter, were converted to U.S. dollars using http://www.x-rates.com/average/?from=CAD&to=USD&amount=1&year=2016. To convert total volume, purchase volume, and cash volume back to Canadian dollars, divide fi gures shown by 0.755090833 (the average for the year). To convert outstandings back to Canadian dollars, divide the fi gures shown by 0.743859 (rate on Dec. 31, 2016). To compute 2015 fi gures in Canadian dollars, apply the percent change shown in the table above to the 2016 fi gures once they are converted back to Canadian dollars. Percent change fi gures are based on Canadian currency for both years (without converting to U.S. dollars). V = Visa, MC = Mastercard, Amex = American Express, Diners = Diners Club.
1Includes Tangerine Money-Back Credit Card. ScotiaLine Visa (both secured and unsecured) fi gures (not included in table above) for 2016 were: outstandings $9.11 bil. (up 19.9%), purchase volume $2.45 bil. (up 3.4%), cash volume $6.92 bil. (up 19.5%), total volume $9.37 bil. (up 14.9%), purchase transactions 18.3 mil. (up 1.6%), total accounts 1.0 mil. (up 13.2%), active accounts 0.6 mil. (up 12.0%), cards 1.2 mil. (up 12.6%). When combining those ScotiaLine fi gures with the Scotiabank credit card fi gures in the table above, 2016 totals were: outstandings $14.48 bil. (up 14.3%), purchase volume $27.47 bil. (up 19.0%), cash volume $8.64 bil. (up 14.1%), total volume $36.12 bil. (up 17.8%), purchase transactions 397.9 mil. (up 26.8%), total accounts 5.7 mil. (down13.5%), active accounts 4.1 mil. (down 3.7%), cards 6.9 mil. (down 10.1%). 2Includes prepaid. © 2017 The Nilson Report
General Purpose Credit Card Issuers in Canada 2016 Ranked by Outstandings
23 25 27
21 24 24
66 66 48
43 44 46
54 59 85
71 77 86 92
90
50
49
27
28
RBC Royal Bank
TD Bank
BMO
CIBC
Scotiabank
Fed. Desjardins©2017 The Nilson Report
2012 2013 2014 2015 2016
Purchase Volume in Canadian Dollars (C$Bil.)
98
95
52
51
33
30
Market Shares of Visa &Mastercard Outstandings 2016
TD Bank •–45 bps
the rest •–2 bps
Canadian Tire •+7 bps
Scotiabank •+13 bps
• RBC Royal Bank+25 bps
• CIBC–7 bps
• Desjardinsno change
• BMO–34 bps
• Capital One+44 bps© 2017 The Nilson Report
$70.63bil.
with Change in Basis Points (bps) vs. 2015
20.2% 17.9%
13.0%
9.5%8.9%7.6%
6.9%
10.5%
5.5%
Canada Payment Cards from page 7
© 2017 HSN Consultants, Inc. THE NILSON REPORT8 VISIT US ONLINE AT WWW.NILSONREPORT.COM Order Back Issues / Preview Upcoming Conferences / View Newsletter Archive 9MARCH 2017 / ISSUE 1106 / THE NILSON REPORT
‘16 ‘15 OUTSTANDINGS ‘16 TOTAL VOLUME ‘16 ‘15 PURCHASE VOLUME ‘16 CASH VOLUME ‘16 PURCHASE TRANS. ‘16 TOTAL ACCOUNTS ‘16 ACTIVE ACCOUNTS ‘16 CREDIT CARDS ‘16 VISA CARDS ‘16 MASTERCARD CARDS Issuer, State of Charter Rank Rank (mil.) Chg. Rank (mil.) Chg. Rank Rank (mil.) Chg. Rank (mil.) Chg. Rank (mil.) Chg. Rank (000) Chg. Rank (000) Chg. Rank (000) Chg. Rank (000) Chg. Rank (000) Chg.
Mountain America CU Utah 51 58 $320.1 19.0% 57 $728.6 21.7% 57 63 $713.5 22.4% 89 $15.1 –3.9% 51 12.6 17.2% 57 168 28.1% 49 140 14.7% 63 181 23.2% 45 181 23.2% — — — BMW Bank Utah 52 51 $310.9 2.6% 60 $686.3 2.3% 59 58 $638.7 –3.9% 50 $47.6 697.1% 73 6.6 3.1% 52 236 9.0% 74 60 5.9% 51 233 4.5% 38 233 4.5% — — — Santander Bank Mass. 53 48 $308.9 –5.1% 64 $665.6 7.8% 63 67 $603.8 10.6% 41 $61.7 –13.5% 58 10.0 11.8% 53 227 –1.9% 56 105 7.2% 49 270 –1.2% 51 138 –10.9% 37 132 11.6% Bank of the West California 54 57 $306.1 13.7% 41 $2,006.5 6.6% 39 40 $1,995.2 6.6% 97 $11.2 –4.9% 50 13.0 6.9% 47 255 6.0% 54 114 5.9% 50 255 6.0% 170 22 0.5% 28 233 6.6% Alaska USA FCU Alaska 55 54 $292.3 1.6% 72 $541.0 2.3% 72 71 $524.9 3.0% 84 $16.1 –17.3% 72 6.6 6.0% 63 152 20.9% 52 120 2.3% 71 125 2.1% 52 125 2.1% — — — Mich. State Univ. FCU Mich. 56 56 $286.7 5.1% 61 $679.2 12.0% 68 74 $563.6 13.9% 30 $115.7 3.8% 55 10.4 12.9% 69 109 –1.3% 62 80 2.9% 72 125 –15.7% 53 125 –15.7% — — — TIB Texas 57 53 $286.5 –2.0% 43 $1,873.0 6.1% 42 43 $1,863.4 6.2% 105 $9.6 –17.1% 40 20.8 5.6% 40 347 –19.3% 39 204 –6.5% 41 368 4.5% 48 153 –27.9% 30 215 54.2% GECU Texas 58 69 $257.1 28.6% 102 $241.4 26.1% 109 138 $197.5 25.3% 51 $43.9 29.6% 99 3.4 26.8% 76 89 21.4% 64 76 23.8% 80 101 19.7% — — — 39 101 19.7% Comdata Tennessee 59 60 $253.8 14.4% 11 $27,117.7 6.2% 11 11 $27,117.7 6.2% — $0 –100.0% 17 131.8 9.9% 19 2,868 –3.9% 20 1,584 –1.6% 22 2,868 –3.9% — — — 13 2,868 –3.9% NASA FCU Maryland 60 64 $237.4 11.3% 97 $265.9 12.3% 111 131 $194.4 17.5% 39 $71.5 0.1% 101 3.3 20.3% 113 43 32.0% 110 31 29.2% 139 48 28.3% 106 48 28.3% — — — First Tech FCU Oreg., Calif. 61 59 $235.5 5.7% 54 $870.5 6.2% 54 56 $782.5 5.1% 36 $87.9 17.8% 52 12.3 3.9% 65 120 10.9% 66 73 –1.1% 66 157 –8.3% 200 <1 –99.7% 35 156 23.3% Wex Utah 62 62 $232.8 8.6% 13 $20,290.4 16.3% 13 13 $2,290.4 16.3% — — — 20 99.2 20.4% 12 5,157 4.9% 10 4,287 3.8% 10 8,214 6.7% — — — 6 8,214 6.7% TMG Financial Serv. Iowa 63 65 $227.2 7.1% 80 $436.1 8.1% 77 82 $432.4 8.2% 123 $3.8 –5.2% 75 6.1 13.3% 67 119 9.6% 60 89 51.6% 67 146 7.7% — — — 36 146 7.7% Redstone FCU Alabama 64 63 $225.1 5.3% 69 $572.2 8.0% 67 70 $565.0 8.2% 112 $7.2 –5.3% 64 8.9 7.8% 73 94 –3.5% 77 57 –11.4% 74 112 13.3% 55 112 32.3% — 0 –100.0% UBS Bank USA Utah 65 66 $223.0 7.1% 39 $2,114.0 9.7% 38 38 $2,101.8 9.6% 96 $12.2 20.8% 34 24.4 11.0% 55 197 1.0% 57 102 1.0% 56 215 2.4% 41 215 2.4% — — — Baxter CU Illinois 66 67 $222.1 6.9% 67 $619.3 11.3% 64 69 $596.5 12.0% 69 $22.9 –4.0% 60 9.4 17.8% 82 79 10.7% 72 66 8.4% 73 118 –1.7% 54 117 0.9% 93 1 –73.9% Logix FCU California 67 70 $217.0 10.3% 98 $264.1 9.0% 94 103 $260.5 9.1% 124 $3.7 3.1% 94 3.8 8.6% 93 67 9.3% 99 37 –16.2% 90 80 8.1% — — — 40 80 8.1% Arvest Bank Arkansas 68 71 $216.5 11.1% 49 $1,167.7 13.6% 46 48 $1,153.5 13.5% 91 $14.2 29.2% 54 10.5 16.1% 49 248 14.9% 47 151 26.5% 52 231 5.9% 39 226 6.5% 83 5 –13.7% Synovus Bank Georgia 69 61 $213.8 –3.5% 52 $1,071.1 –5.2% 51 45 $1,064.1 –5.3% 115 $6.9 8.8% 62 9.3 0.6% 75 90 –8.6% 73 66 –10.9% 57 208 –0.8% 46 180 –8.4% 61 28 113.1% Delta Community CU Georgia 70 77 $206.7 19.3% 66 $639.7 8.3% 65 65 $591.9 7.8% 49 $47.8 15.1% 59 9.9 8.1% 89 69 5.4% 81 54 6.1% 84 92 14.4% 64 92 14.4% — — — Municipal CU New York 71 73 $194.3 6.6% 109 $210.6 22.6% 107 129 $205.1 22.7% 118 $5.5 19.1% 104 3.2 21.8% 77 88 7.1% 68 69 6.3% 96 77 7.2% 73 77 7.2% — — — Patelco CU California 72 68 $192.1 –6.3% 79 $437.6 2.7% 81 83 $403.4 2.8% 59 $34.2 1.8% 82 5.3 7.3% 80 83 0.3% 88 62 0.5% 86 83 0.3% 65 31 –62.7% __ 52 new Members 1st FCU Pa. 73 75 $190.1 8.3% 84 $394.2 11.6% 84 88 $354.3 11.3% 56 $40.0 15.0% 76 5.8 12.5% 68 114 13.5% 69 68 11.1% 68 141 11.3% 49 141 11.3% — — — First Tennessee Tennessee 74 72 $184.2 –3.8% 46 $1,354.3 5.2% 48 46 $1,106.9 5.5% 20 $247.4 3.9% 66 8.1 –1.2% 50 242 5.2% 70 67 –3.7% 55 223 –0.7% 40 223 –0.7% — — — Simmons Bank Arkansas 75 76 $182.9 4.6% 75 $497.6 1.6% 74 77 $487.2 1.0% 99 $10.4 42.8% 71 6.7 0.2% 61 157 0.7% 53 118 37.1% 62 182 –0.6% 44 182 9.3% — 0 –100.0% Police & Fire FCU Pa. 76 80 $176.4 11.1% 87 $324.5 18.1% 86 94 $309.0 19.1% 86 $15.5 0.6% 84 4.9 24.0% 64 150 16.3% 58 95 15.5% 64 165 13.8% 47 165 13.8% — — — Alliant CU Illinois 77 83 $170.5 12.5% 88 $321.5 44.3% 95 107 $260.0 17.7% 42 $61.5 3133.5% 98 3.6 17.5% 92 67 3.1% 87 45 1.8% 95 78 0.8% 71 78 0.8% — — — GTE Financial Florida 78 81 $164.8 5.7% 99 $259.1 1.8% 100 101 $239.6 –0.6% 75 $19.5 44.5% 96 3.7 –1.0% 90 68 9.0% 82 51 1.3% 93 78 9.3% 69 78 9.3% — — — Wescom CU California 79 82 $161.2 3.4% 86 $330.3 5.8% 85 90 $320.7 5.9% 104 $9.7 4.1% 86 4.6 6.1% 81 82 5.9% 76 57 0.9% 82 97 6.7% 61 97 6.7% — — — Univ. of Wisc. CU Wisconsin 80 85 $157.7 5.7% 70 $548.5 7.4% 71 76 $527.4 7.6% 72 $21.1 1.9% 57 10.2 13.2% 72 95 6.3% 78 56 3.3% 78 105 3.3% 59 105 3.3% — — — Veridian CU Iowa 81 89 $154.4 12.3% 104 $234.4 14.4% 101 114 $227.4 14.3% 114 $7.0 16.7% 102 3.3 16.7% 70 96 2.1% 71 66 1.5% 76 108 1.9% 57 108 1.9% — — — United Nations FCU New York 82 84 $153.8 2.7% 78 $442.5 3.7% 83 84 $380.0 3.4% 40 $62.5 5.9% 95 3.8 7.4% 112 43 0.5% 107 32 1.7% 107 68 –0.7% 81 68 –0.7% — — — Whitney/Hancock Bank La. 83 92 $150.9 12.4% 56 $743.7 11.6% 56 59 $736.1 12.0% 110 $7.5 –18.5% 78 5.8 12.1% 87 71 0.5% 97 40 5.4% 89 83 –0.9% 67 83 –0.9% — — — AA CU Texas 84 87 $149.5 4.5% 96 $272.5 7.5% 96 104 $255.9 8.4% 82 $16.5 –5.3% 92 4.1 10.2% 105 54 6.7% 91 44 5.3% 94 78 6.9% 70 78 6.9% — — — Comerica Bank Texas 85 93 $149.3 12.7% 31 $3,632.8 29.4% 29 33 $3,622.8 29.4% 101 $9.9 45.9% 48 13.3 16.6% 41 339 67.8% 35 228 93.3% 53 229 27.8% — — — 29 229 27.8% SECU Maryland 86 109 $147.4 23.7% 101 $254.7 26.7% 99 118 $241.8 28.2% 93 $12.9 4.0% 93 4.1 32.2% 99 60 13.3% 94 42 11.0% 103 70 7.7% 78 70 7.7% — — — Redwood CU California 87 101 $144.7 16.3% 89 $314.0 23.7% 87 97 $306.9 23.5% 113 $7.1 31.9% 90 4.3 25.2% 106 53 16.3% 85 48 13.4% 117 61 16.7% 85 61 16.7% — — — OnPoint Commun. CU Oregon 88 102 $142.8 14.8% 106 $228.3 12.7% 102 116 $218.4 12.9% 102 $9.9 7.6% 97 3.6 17.1% 91 68 11.4% 90 44 8.0% 98 76 12.3% 74 76 12.3% — — — Langley FCU Virginia 89 98 $142.7 13.1% 116 $187.5 10.6% 121 150 $158.9 12.8% 63 $28.6 –0.3% 114 2.7 14.2% 102 57 20.3% 116 26 9.2% 115 62 17.4% 84 62 17.4% — — — TDECU Texas 90 95 $141.9 8.1% 114 $195.0 10.2% 117 141 $173.4 11.3% 71 $21.6 2.5% 107 3.0 18.9% 85 72 32.8% 84 49 27.1% 91 79 25.1% 188 6 0.6% 41 74 27.5% San Diego County CU Calif. 91 88 $140.9 1.3% 73 $520.1 4.1% 75 78 $478.8 4.5% 54 $41.3 0.5% 68 7.4 8.8% 83 75 7.9% 79 54 6.3% 83 95 0.0% 63 95 0.0% — — — Tinker FCU Oklahoma 92 104 $138.5 12.7% 112 $206.8 13.4% 110 127 $196.7 13.7% 100 $10.1 7.4% 103 3.2 18.1% 74 94 6.8% 75 59 6.7% 79 104 5.6% 62 95 5.6% 76 9 6.3% Citadel FCU Pennsylvania 93 107 $135.5 12.6% 105 $232.9 17.1% 103 121 $210.2 16.4% 70 $22.7 14.7% 105 3.2 18.3% 111 47 12.1% 112 28 11.4% 120 58 –5.8% — — — 47 58 –5.8% Affi nity Plus FCU Minnesota 94 103 $131.1 5.9% 94 $278.6 6.5% 93 100 $260.8 7.1% 80 $17.8 –1.6% 91 4.3 7.5% 98 60 14.9% 103 36 –8.8% 119 60 14.9% 88 60 14.9% — — — Arizona FCU Arizona 95 97 $129.9 1.4% 103 $237.6 8.7% 115 130 $181.1 9.4% 44 $56.5 6.4% 110 2.7 10.7% 122 32 0.8% 114 27 4.0% 150 40 –0.8% 117 40 –0.8% — — — Summit CU Wisconsin 96 119 $126.8 14.4% 93 $298.6 15.3% 92 103 $277.7 15.5% 73 $20.9 12.1% 89 4.5 16.8% 96 63 6.9% 98 38 8.3% 87 87 0.7% 66 87 0.7% — — — University FCU Texas 97 108 $125.4 5.0% 100 $255.2 2.5% 97 99 $252.9 2.4% 129 $2.3 9.3% 87 4.6 4.5% 84 74 5.2% 96 42 6.9% 85 89 0.4% 72 77 2.3% 72 12 –10.5% Affi nity FCU New Jersey 98 96 $125.3 –3.3% 130 $150.7 2.6% 127 156 $134.6 3.1% 85 $16.1 –1.2% 124 2.0 6.2% 107 51 2.0% 105 34 –1.2% 129 54 3.1% 97 54 3.1% — — — Grow Financial FCU Florida 99 110 $122.3 3.5% 110 $208.9 2.9% 112 120 $193.4 3.1% 87 $15.5 0.6% 108 3.0 3.8% 104 55 0.9% 95 42 1.0% 124 57 0.9% 91 57 0.9% — — — Royal CU Wisconsin 100 124 $120.6 13.6% 107 $225.6 6.9% 105 113 $209.2 4.1% 83 $16.3 63.0% 100 3.3 6.2% 94 67 8.7% 101 36 24.3% 126 55 –10.1% 93 55 –10.1% — — — Totals, Second 50, 2016 $9,627.2 3.1% $76,648.7 9.0% $75,181.8 8.8% $1,466.9 18.4% 554.8 9.9% 13,407 2.8% 9,199 3.7% 16,988 2.9% 4,377 8.2% 12,612 1.2%
Includes both consumer and commercial cards. Some prior year fi gures have been restated. Use percent change to calculate the 2015 results. Cards include virtual cards for which a plastic card may not have been issued (ghost accounts). Some issuers off er a new account for some types of transactions. Active accounts are those with at least one purchase transaction during the 4th quarter. Issuers with total volume in the second 50 but with outstandings less than the
second 50 included City National (#51, $1,105.6 mil., up 30.3%), First Arkansas (#63, $671.2 mil., up 3.3%), RBC Bank Ga. (#65, $641.0 mil., up 15.4%), IberiaBank (#71, $547.4 mil., up 10.3%), Bancorp South (#81, $422.0 mil., up 0.4%), WSECU (#82, $418.3 mil., up 3.7%), Bank-Fund Staff FCU (#83, $417.0 mil., up 9.4%), Nordstrom (#90, $306.0 mil., down 94.3%), CEFCU (#91, $302.0 mil., up 2.2%), and Purdue FCU (#95, $274.2 mil., up 13.0%). © 2017 The Nilson Report
Second 50 Largest Visa & Mastercard Credit Card Issuers United States 2016 — Ranked by Outstandings
© 2017 HSN Consultants, Inc. THE NILSON REPORT10 VISIT US ONLINE AT WWW.NILSONREPORT.COM Order Back Issues / Preview Upcoming Conferences / View Newsletter Archive 11MARCH 2017 / ISSUE 1106 / THE NILSON REPORT
succeed in making their own private label credit card the payment account their customers use for mobile purchases.
Once linked to a retailer’s back-end system, Omnyway can easily offer them its newest service, ZAPBuy. A retailer’s catalog of products is linked to the Omnyway digital commerce platform, and consumers can buy these products in any digital channel (display, social media, email, search engine, and television) or print channel (catalogs, billboards, and posters) — using their smartphone to scan QR codes embedded in an advertisement. Retailers can select the channels and dates they want to use to promote their products or they can have Omnyway make the selections. Consumers never leave the channel that supports the ad. Omnyway offers a ZAPBuy SDK to retailers and third parties
(manufacturers, brands, banks) that do not have a mobile app with integrated payment.
Omnyway assigns item identification numbers to all ZAPBuy catalog items as well as the channel it is displayed in. When a consumer scans the QR code in an ad, Omnyway can direct the purchase to the mobile app of the retailer or third party making the offer. Payment is processed immediately using tokenization for security.
IBM and Wipro will offer Omnyway QR code-based payment technology outside the U.S. as well as to large U.S. companies.
Amitaabh Malhotra is Chief Marketing Officer at
Omnyway in San Francisco, California, (415) 915-9990
x202, [email protected], www.omnyway.com.
Prior issue: 1076
mobile payments worldwide. PIN on Mobile requires a Mobile PIN Entry Application on devices that operate with a SRED (Secure Reading and Exchange
of Data) module card reader that immediately encrypts data.
The Australia test, which involved 5,000 merchants, has been completed, although Square continues to accept PINs that are directly inputted on its devices.
While Visa and Mastercard review test results from Australia, they have started new PIN on Mobile tests in the U.K. Visa began on January 12, 2017.
Mastercard on March 1, 2017. Both will conclude on June 30, 2018.
SRED card readers for EMV contact and contactless transactions are required in both tests. Software-secured PIN entry will not be permitted for magnetic-stripe transactions in either test.
Acquirers participating in the tests must accept all fraud liability from any card data captured from the merchant’s tablet or smartphone, including anything that results downstream of the initial transaction.
A peripheral hardware device increases a merchant’s cost of card acceptance. Software-based PIN on Mobile raises the expectation for increasing the number of merchants in the card networks — 80% of new merchant locations added to the Visa network during the Australia test handled PINs using off-the-shelf mobile devices.
Payment is processed immediately using tokenization for security.
SRED card readers are required for EMV transactions.
Omnyway QR Code Purchases from Ads from page 1...
PIN on Mobile Device Tests in the U.K. from page 1...
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David Robertson, PublisherMarch 31, 2017
