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Projected Growth in Purchase Transactions Worldwide 2012–2018

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Projected Growth in Purchase Transactions Worldwide 2012–2018 FOR 43 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE JANUARY 2014 / ISSUE 1032 HOST CARD Emulation FOR NFC SimplyTapp’s Host Card Emulation (HCE) technology can Projected Growth in disintermediate mobile network operator (MNO) control over NFC payments at the point of sale by using software in handsets that direct Purchase Transactions > see p. 9 Worldwide 2012–2018 HEWLETT-PACKARD AND HPS PARTNERSHIP U.S. Canada Latin Europe Middle Asia/ Eleven card management software modules from Hightech Payment America East/ Pacific Africa Systems (HPS) will be ported to HP servers worldwide as part of a new agreement between the companies. The aim is to offer midrange > see p. 6 KLARNA ADDS SOFORT FOR WEB DEBIT Klarna, a company that offers instant credit for Web purchases to consumers in Sweden, Norway, Finland, Denmark, Germany, the Netherlands, and Austria on behalf of 15,000 Web merchants, will > see p. 5 Market Shares 2018 CANADA’S DIGital CURRENCY 42% 4% 8% 20% 2% 25% The Royal Canadian Mint (RCM) wants to make Canada the first country in the world whose government backs a digital currency alternative to banknotes and coins. Currently the only digital cash 120 > see p. 7 Transactions (Bil.) 76 71 OTI’VE S WA DEVICE 59 On Track Innovation’s (OTI) proprietary Wave device gives banks 38 29 22 13 another way to keep mobile network operators (MNOs) from 8 11 3 6 dominating NFC-based contactless payments owing to their control ‘12 ‘18 ‘12 ‘18 ‘12 ‘18 ‘12 ‘18 ‘12 ‘18 ‘12 ‘18 > see p. 5 AMEX SETTLES ENFORCEMENTS/CLASS ACTIONS © 2014 The Nilson Report Two class-action lawsuits filed by U.S. merchants that challenged provisions in American Express card acceptance agreements on TRANSACTIONS WORLDWIDE — antitrust grounds will be settled for payment of up to $75 million in > see p. 11 PROJECTED THROUGH 2018 The payment card industry is projected to reach 288.59 M&A AND Corporate FINANCINg — OCT./NOV. 2013 billion purchase transactions at merchants (card present Turn to pages 10 and 11 for a list of 89 mergers, acquisitions, joint and card not present) by 2018. This will be an increase of ventures, and corporate financing deals that occurred in Oct. and Nov. 122.28 billion from the 166.31 billion purchase of 2013. There were 414 transactions from Jan. 1 through Nov. 30. transactions in 2012 generated by credit, debit, and > see p. 10 > see p. 8 INSIDE 2 – 4 Fast Facts CHARTS 8 Market Shares of Purchase Transactions 8 IRIS Analytics Fraud-Fighting Software Worldwide, with Change in Basis Points, 2008 vs. 2018 9 Global Money Transfer Joint Venture 10, 11 Payment Industry Acquisitions & Investments — 12 Georgia Finalizes Rules for Acquiring Banks October and November 2013 © HSN Consultants, Inc. 2014 THE NILSON REPORT VISIT US ONLINE AT WWW.NILSONREPORT.COM FAST FACTS J.P. MORGAN is exploring the possibility of selling its Corporate, OUR NEW LOOK! Welcome to this updated version of The Nilson Public Sector, and Health Savings Accounts prepaid card businesses. Report for 2014. Continuing the work that began with the launch It has discontinued all sales efforts. Cards in circulation are in the 10 of our redesigned website in 2013, this new design allows us million range. to provide even more information on every page. Look inside. You will find all of the familiar features including Fast Facts, CONNECT FINANCIAL SERVICES' credit union customers now Featured Conferences (including your special subscriber have access to the CU Wallet mobile payments platform. The platform discounts), Management Changes, as well as contact informa- will be integrated with Connect's mobile banking and online banking tion for the company representatives mentioned in our report- channels. Paul Fiore is CEO at CU Wallet, (818) 224-6071, pfiore@ ing, all in a new format. We hope these changes improve your cuwallet.com, www.cuwallet.com. Grant Parry is President at experience with the newsletter. As always, we welcome your Connect FSS, (801) 327-9701, [email protected], comments and questions. Contact us at [email protected]. www.connectfss.com. CAN CAPITAL is the new name of Capital Access Network. Other U.S. BANK now offers the Visa Community Credit Card to nonprofit brand names used by the company, including AdvanceMe, NewLogic organizations and small municipalities. The card has no annual fee, Business Loans, and CapTap, now also use the CAN Capital name. no late fees or over-limit fees, online expense-management tools, Dan DeMeo is CEO, (212) 548-6202, [email protected], and consolidated central-billing statements. Community Credit Card www.cancapital.com. is guaranteed by the organization, not the individual. A free rewards program is optional. Bob Hengge is VP, Retail Payment Solutions at FIRSTBANK PUERTO RICO has signed a long-term contract exten- U.S. Bank, (513) 277-5505, [email protected], sion to continue using TSYS to provide payment processing for its www.usbank.com. consumer credit card portfolio. Cassan Pancham is EVP and Business Group Executive at FirstBank Puerto Rico, (787) 729-8200, TRANSFIRST now offers its merchant customers VeriFone's EMV- [email protected], www.firstbankpr.com. Bill Pruett is and NFC-capable VX680 Wireless POS terminal. Jennifer Miles is President, TSYS's North American Services Segment, (706) 649-2303, President of the Americas at VeriFone, (678) 773-5882, jennifer_m1@ [email protected], www.tsys.com. verifone.com, www.verifone.com. Steve Cadden is COO at TransFirst, (303) 625-8253, [email protected], www.transfirst.com. FIDO (FAST IDENTITY ONLINE) ALLIANCE has added Discover Financial Services as a member. DFS has also been appointed to CORRECTION: In issue #1031, we twice referred to Capital One's FIDO's Board of Directors, which aims to create the first standards- Spark Pay merchant processing unit as Smart Pay. We regret the based specifications for online authentication. Michael Barrett is error. Spark Pay has been beta testing products and services since President at FIDO Alliance, (831) 479-1888, [email protected], early 2013. Products include PushPoint's location-based mobile offers www.fidoalliance.org. Daniel Almenara is VP of Authentication and platform, which Spark Pay white labels. Decision Infrastructure Solutions at Discover, (224) 405-4625, [email protected], www.discover.com. SAVE FEATURED CONFERENCE SAVE Subscribers to The Nilson Report will receive a 20% discount. 20% FEATURED CONFERENCE Subscribers to The Nilson Report will receive a 20% discount. 20% MOBILE PAYMENTS CONFERENCE 2014 MERCHANT PAYMENTS ECOSYSTEM 2014 Four-Day Conference January 28-31, 2014 Three-Day Conference The Miami Beach Convention Center February 18-20, 2014 Miami, Florida The InterContinental Berlin, Germany Topics include: EMV, mobile POS, integrating analytics into m-commerce, the effort to bridge e-commerce and Topics include: commerce and regulation, business models, m-commerce, mobile payments and fraud, NFC, merchant platforms and processes, merchants and payments, mobile and acquirers, and real-time mobile payments. Speakers represent: POS, and multichannel opportunities. Speakers represent: First Capital One, FIS Global, Gemalto, Kount, MasterCard, Spindle, Data, IKEA, Carrefour Banque, payworks, Bitcoin Foundation, Tyfone, Vantiv, and more. Cost is $599 January 1 through 28 Handelsbanken, METRO, WorldPay, VeriFone, PayFair, Monitise, ($699 for onsite registration). (Discount will be off the current SIX Payment Services, Seamless, Groupon, and many more. Cost fee at the time of registration. Use code NR2014.) is $2,835. (Use discount code 2014mpe.) Contact David Vesely at Contact Marla Ellerman at MM&T, (602) 315-8808, Empiria Group, 421 (245) 248-931, [email protected]. [email protected]. Register at Request brochure and registration form at Conference links at www.nilsonreport.com http://mobilepaymentconference.com. Conference links at www.nilsonreport.com www.merchantpaymentsecosystem.com. 2 VISIT US ONLINE AT WWW.NILSONREPORT.COM Order Back Issues / Preview Upcoming Conferences / View Newsletter Archive FAST FACTS CSR has received U.S. Patent No. 8,626,671 for its Breach Reporting 3PAY, a provider in Turkey of payment card processing services, will offer ToolKit system that handles the required reporting to relevant authori- its merchants fraud prevention technology for card-not-present trans- ties of the loss, breach, compromise, or exposure of data. The soft- actions from ReD. Inseva Technologies is ReD's partner in Turkey. Erol ware aggregates organization and breach information, selects relevant Kaya is Managing Director at Inseva Technologies, 90 (533) 712-8246, reporting entities based on geography and types of breach data, and [email protected], www.inseva.com. Alper Akcan is CEO at 3pay, generates breach reports to appropriate authorities as required by 90 (532) 412-5889, [email protected], www.mikro-odeme.com. federal, state, and international laws and regulations. Manish Patel is Regional President EMEA at ReD, 44 (148) 372-8700, Ross Federgreen is Founder, (772) 225-0007, [email protected], www.redworldwide.com. [email protected], www.csrcorporate.com. KEYCORP SERVICES, an independent sales organization in Australia, FICO SCORE ECONOMIC CALIBRATION SERVICE offers lend- will sell POS terminals manufactured by Spire Payments. Joe Bonin is ers assistance in strategic capital planning decisions by leveraging CEO at Keycorp, 61 (3) 9403-1777, [email protected], Moody's Analytics regionalized data including unemployment insur- www.keycorp.net. Kazem Aminaee is CEO at Spire, 34 (91) 722-7700, ance claims, consumer credit debt outstanding, auto sales volumes, [email protected], www.spirepayments.com. oil prices, used car prices, ABA/MBA delinquency rates, and personal savings rates. Andrew Jennings is Chief Analytics Officer at FICO, VODAFONE GROUP is launching Vodafone SmartPass, its mobile (415) 492-5780, [email protected], www.fico.com. Mark Zandi is commerce strategy, in Spain, Germany, the U.K., and the Netherlands. Chief Economist at Moody's Analytics, (610) 235-5299, mark.zandi@ Other countries in Europe will follow.
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