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Purchase Transactions on Global Cards in 2016 FOR 46 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE MAY 2017 / ISSUE 1109 Merchant Processing Fees in the U.S. — 2016 Credit, debit, and prepaid general purpose and private label Purchase Transactions on cards issued in the United States generated $5.936 trillion in payments for goods and services in 2016. Processing fees, which Global Cards in 2016 (Bil.) > see p. 7 Visa Alipay/First Data QR Code Partnership 139.0 Mastercard Alipay, China’s largest QR code-based payment system, owned by 67.3 UnionPay Ant Financial Services, handles the vast majority of its transactions 38.3 in its home market in the card-not-present channel. However, 54% > see p. 7 Payconiq Mobile Payments in Europe 26% Next year financial institutions in Europe are expected to 15% experience increased competition from nonbanks, which will have gained permission to operate pan-European payment businesses 5% > see p. 8 American Express Discover/Diners Credit Shop Buys Mastercard Portfolio 7.2 JCB 2.3 Former executives from Chase, Household, Providian, and Barclays 3.0 formed the Credit Shop two years ago to offer unsecured personal Growth vs. 2015 loans and lines of credit to U.S. consumers with credit scores in 10.3% 12.7% 32.0% 0.9% 6.1% 4.7% > see p. 8 UAE Exchange Prepaid Wearable Visa MC UP Amex JCB D/D Global remittance, foreign exchange, and payment service company UAE Exchange will offer a wearable mini contactless © 2017 The Nilson Report Mastercard payment card as an option to its Gocash prepaid card > see p. 5 Global Cards — 2016 Fingerprint EMV Cards in South Africa Visa, UnionPay, Mastercard, JCB, Diners Club/Discover, An EMV-compliant Mastercard chip card with fingerprint and American Express brand general purpose cards verification capability has been tested by employees of Pick n generated 257.17 billion purchase transactions at Pay supermarket in South Africa, and is currently being tested merchants in 2016, up 13.3% — 30.21 billion more than in > see p. 5 2015. These transactions included all commercial and consumer credit, debit, and prepaid products. Debit figures Robert Carr Returns to Merchant Acquiring shown here include prepaid cards. Visa cards include Visa Heartland Payment Systems was processing $120 billion in Inc. and Visa Europe, which became a single company in card payments annually when founder Robert Carr sold it to June 2016. Global Payments in 2015 for $4.30 billion. After expiration of a > see p. 6 > see p. 9 INSIDE 2 – 4 Fast Facts CHARTS 7 U.S. Merchant Card Fees 2016 Credit and Debit Cards 2016 4 Investments & 9 Global Cards in Circulation 2016 10 Purchases by Card Type 2016 Acquisitions — April 9 Global General Purpose Cards 2016 11 Global Debit & Prepaid Cards 2016 2017 10 Purchase Transactions on Global 11 Global Credit Cards 2016 © 2017 HSN Consultants, Inc. THE NILSON REPORT VISIT US ONLINE AT WWW.NILSONREPORT.COM DAON’S IdentityX biometric authentication technology will INDEX, a provider of software that manages in-store pay- be offered to customers of Experian’s CrossCore fraud and ments, has reduced EMV card acceptance authorization to identity platform. IdentityX can provide CrossCore users one second - the fastest EMV experience in the U.S. with access to multifactor authentication using fingerprint, Index 1-Second EMV is aimed at grocery stores, quick- voice, face, and other biometric identifiers. Kathleen Peters service restaurants, and apparel retailers. Index’s core pay- is Global VP, Product Management, Fraud and Identity at ment offering is built on a semi-integrated architecture and Experian, (408) 660-2166, [email protected], hosted gateway, and includes point-to-point encryption and www.experian.com. Conor White is President, Americas at remote device management. Marc Freed-Finnegan is CEO, Daon, (703) 984-4000, [email protected], (415) 901-2961, [email protected], www.index.com. FAST www.daon.com. BANK OF AMERICA MERCHANT SERVICES (BAMS), WORLDPAY, the 7th largest U.S. merchant acquirer, is the the 4th largest U.S. merchant acquirer, has formed a partner- FACTS first to offer Quick Chip, technology that reduces POS ship with Bypass, provider of POS software, back-office terminal transaction times to approximately three seconds. management tools, and analytics to more than 15,000 Ian Van Buskirk is VP of Product Management, arenas, sport venues, corporate and college campuses, MAY 2017 (678) 587-1168, [email protected], hospital cafeterias, and other food and beverage operators. ISSUE 1109 www.worldpay.com. Tim Tynan is CEO at BAMS, (212) 515-0200, tim.tynan@ bankofamericamerchant.com, merch.bankofamerica.com. No paid PAYWORKS, a global payment gateway and EMV Brandon Lloyd is CEO at Bypass, (512) 217-5545, blloyd@ advertising. technology platform, has completed EMV certification with bypassmobile.com, www.bypassmobile.com. First Data Rapid Connect. Integrated software vendors, No sponsored independent sales organizations, and value-added resellers AMERICAS MARKET INTELLIGENCE has published content of working with First Data now have access to Payworks and a free white paper about ecommerce in Latin America. any kind. Ever. EMV Quick Chip without an additional integration. Michael “Insights to Win in E-Commerce in Latin America” offers Doron is Managing Director at Payworks, (212) 457-1776, guidance to merchants and financial institutions. It is never [email protected], www.payworks.com. Download at https://goo.gl/TGl4ne. permissible for subscribers to SYNCHRONY FINANCIAL has launched a new co- TD RETAIL CARD SERVICES will give retailers the ability forward or print branded Visa credit card with Nissan Motor Acceptance to offer in-store approval for credit using their own web- this issue. Doing so Corporation. Cardholders will earn 5 points per $1 spent on enabled computers. The new service leverages Versatile violates copyright products and services purchased at Nissan dealerships and Credit’s Web Credit Cascade platform. Kevin Lawrence is VP, for gasoline, 3 points per $1 for dining, and 1 point per $1 Sales & Marketing at Versatile Credit, (717) 620-2557, laws. for all other purchases. Tom Quindlen is CEO of Retail Cards [email protected], www.versatilecredit.com. at Synchrony, (203) 585-6244, tom.quindlen@ Mike Rittler is Head of Card Services at TD Bank, synchronyfinancial.com, www.synchronyfinancial.com. (302) 351-7599, [email protected], www.td.com. Conferences & Seminars Digital PayExpo 2017 (formerly 2017 MWAA Conference Digital Banking Summit 2017: NBPCA’s Power of Prepaid 2017: June 12-14, 2017. The Hilton called CBN Cashless CardExpo June 21-23, 2017. The Mayflower (MWAA 2017): July 18-19, 2017. Austin, Austin, Texas. Estimated Africa 2017): June 13-15, 2017. Hotel, Washington, D.C. Estimated The Chicago Marriott Downtown attendance: 750. Cost for the three- The Eko Hotels & Suites, Victoria attendance: 150+. Cost for the Magnificent Mile, Chicago, Illinois. day conference is $1,495. Sub- Island, Lagos, Nigeria. Estimated three-day conference is $495 to Estimated attendance: 700. Cost for scribers to The Nilson Report attendance: 5,000. Cost for the $1,695 depending on registration attendee registration for the two- will receive a $300 discount. three-day conference is FREE. category. Subscribers to The day conference is $100. Subscrib- (Use code NILSON300.) Contact Davida at Intermarc Nilson Report will receive a ers to The Nilson Report will Contact Sasha Burgansky at Consulting, 234 (803) 439-4845, $200 discount. (Use code receive a 25% discount. (Use Source Media, (212) 803-6097, [email protected]. NILSON.) Contact Albert Britton at promotional code NILR17.) alexandra.burgansky@ Register at www.cardatmand- Source Media, (212) 803-8387, Contact Rod Katzfey at MWAA, sourcemedia.com. Register at mobilexpo.com. [email protected]. (770) 330-7141, rod.katzfey@ www.americanbanker.com/ Register at http://bit.ly/NILSON- credorax.com. Register at conferences/digitalbanking/. PoP. www.midwestacquirers.com. 2 VISIT US ONLINE AT WWW.NILSONREPORT.COM Order Back Issues / Preview Upcoming Conferences / View Newsletter Archive 1 VISIT US ONLINE AT WWW.NILSONREPORT.COM Order Back Issues / Preview Upcoming Conferences / View Newsletter Archive ePROCESSING NETWORK, a software development company specializing in transaction processing services and support for small to mid- sized merchants, has been certified by Elavon to accept EMV transactions Figures with the Castles Technology MP200 terminal. Steve Sotis is President at include eProcessing Network, (713) 880-0326, [email protected], cards www.eprocessingnetwork.com. in CONFORMANCE TECHNOLOGIES’ PreComm ToolKit identifies circulation unscrupulous merchants before acquirers provide them with payment card and acceptance accounts. The cloud-based data-gathering software simplifies spending merchant due diligence and risk evaluation and also handles Know Your for Customer (KYC) compliance requirement of Anti-Money Laundering (AML) 1,073 Card Issuers rules, the USA Patriot Act, and card brand regulations. Darrell Anderson is credit from 114 countries in all world regions President, (775) 336-5533 x155, [email protected], www.conformancetech.com. & debit SPEEDPAY, provider of electronic bill presentment and payment services, 282 Merchant Acquirers will work with DivDat, a billing and payment kiosk provider. Speedpay’s utility industry clients can deploy DivDat self-service kiosks onsite at a customer from 78 countries in all world regions service
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