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US General Purpose Brands Purchase Volume In FOR 46 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE FEBRUARY 2017 / ISSUE 1103 Mastercard and Visa — U.S. 2016 Mastercard and Visa credit, debit, and prepaid cards issued in the U.S. General Purpose Brands U.S. generated $4.326 trillion in purchase volume (spending at merchants) in 2016, an increase of 9.5% over 2015. All consumer Purchase Volume in 2016 (Tril.) and commercial card products are included in that amount. > see p. 9 with Change vs. 2015 Alipay QR Code Payments to the U.S./Canada up $1.549 Visa Alipay, the largest processor of online and mobile payments in 15% Credit China, is building brick and mortar merchant acceptance networks for its mobile wallet product in the U.S. and Canada to serve up Visa $1.465 visiting Chinese consumers. The company says that more than Debit 7% > see p. 5 Sionic Mobile’s Rewards Marketplace down American $0.695 Airlines, hotels, car manufacturers, mobile network operators, 3% Express large retailers, and other enterprises that offer mobile apps for customer loyalty see opportunities to “earn and burn” rewards Mastercard up $0.693 points at each other’s locations. One example of earn and burn Credit 6% > see p. 12 Overdraft Credit for Millennials up $0.619 Mastercard Debit The Consumer Financial Protection Bureau says that revenues to 7% financial institutions in the U.S. from overdrafts consumers made from their demand deposit accounts (DDA), commonly known up Discover $0.121 as checking accounts, totaled $17 billion in 2016. The typical 3% > see p. 7 ID Insight Fights Account Takeover Fraud © 2017 The Nilson Report When ID Insight started offering products in 2003 to combat takeover of an existing account as well as fraud tied to opening a new account in the name of an unsuspecting existing cardholder, General Purpose Cards — U.S. 2016 a hot fraud trend was criminals trying to change the address of a Credit, debit, and prepaid consumer and commercial cards > see p. 6 issued in the U.S. for use on the Visa, Mastercard, American Express, and Discover networks generated Equinox Payments Luxe 6000m Terminal $5.143 trillion in purchase volume (spending at merchants) The modularly manufactured Luxe 6000m from Equinox in 2016, up 7.4% over 2015. Payments supports stand-alone, mobile, integrated, and semi- Included in that general purpose card purchase volume integrated point-of-sale interfaces with communication options are PIN-based debit card figures for Visa (Interlink) and that include multiport cable, Bluetooth BLE, Wi-Fi, 4G LTE, Mastercard. Not included are PIN-based cash withdrawals > see p. 5 > see p. 7 INSIDE 2 – 3 Fast Facts CHARTS 4 Investments & Acquisitions — Jan. 9 Visa vs. Mastercard Purchase Vol. 4 Investments & Acquisitions — 7 U.S. Credit Card Outstandings 10-11 U.S. Cards — Credit, Debit, & Pre- January 2017 8 Market Shares of Purchase Vol. paid Visa, Mastercard, American 8 U.S. General Purpose Cards Express, and Discover Cards © 2017 HSN Consultants, Inc. THE NILSON REPORT VISIT US ONLINE AT WWW.NILSONREPORT.COM KEYBANK has entered into a long-term revenue-sharing FTSI, an independent provider of technology services to 150 partnership with First Data for the bank’s merchant credit unions and community banks, mostly in the western acquiring business. Key Merchant Services is the 32nd U.S., has signed an exclusive agreement to offer Vantiv’s largest acquiring business in the U.S. It has been in a joint debit, credit, and ATM processing services and related venture with Elavon, a unit of U.S. Bancorp. Key will now support to its clients. Daniel Valdez is President at FTSI, use First Data processing and related support services (818) 241-9571, [email protected], www.ftsius.com. exclusively. Chris Foskett is EVP and Head of Corporate Bill Hampton is SVP and GM of Financial Institution Services Development at First Data, (212) 515-0232, christopher. at Vantiv, (913) 254-7781, [email protected], [email protected], www.firstdata.com. www.vantiv.com. FAST PLANET PAYMENT’S dynamic currency conversion (DCC) UNIRUSH and MASTERCARD must pay restitution in the service will be offered at 70,000 ATMs in the U.S. operated $10-million range to consumers who were denied access FACTS by Worldpay. DCC at ATMs enables international travelers to their prepaid funds or the ability to make payments to the U.S. to withdraw U.S. currency from an ATM while with those funds when Mastercard Payment Transaction seeing the amount debited from their account in their Services, payment processor for the RushCard, experienced FEBRUARY 2017 own currency. Melissa Jones is SVP North America Sales technical problems with account management. The com- ISSUE 1103 & Acquirer Relations at Planet Payment, (516) 670-3200, panies will also pay a civil penalty totaling $3 million. The [email protected], www.planetpayment.com. Consumer Financial Protection Bureau took the action. About No paid Mike Cowart is VP & GM, ATM & MSP ISO at Worldpay 45,000 of the 650,000 active RushCards were affected in the advertising. U.S., (678) 587-1330, [email protected], 2015 problem. www.worldpay.us. No sponsored MASTERCARD’S Masterpass digital payment service is ZIPLINE, provider of mobile and card-based private now accepted at 10,000+ small and medium-sized merchant content of label debit payment products, has received U.S. patent customers of Sage Payment Solutions. Paul Bridgewater is any kind. Ever. #9,489,673 covering use of a digital token to facilitate an CEO at Sage Payment Solutions, (703) 269-9154, ACH payment transaction. Danito Portal is CIO at ZipLine, [email protected], www.sage.com. It is never (954) 449-9540, [email protected], www.zipline.biz. Linda Kirkpatrick is EVP Merchants & Acceptance at permissible for Mastercard, (914) 249-2000, linda_kirkpatrick@ PIGGY, a coupon and cashback rewards service, enables subscribers to mastercard.com, www.mastercard.com. consumers to search for available discounts and coupons forward or print from more than 2,000 retailers before making online CITI credit card customers in the U.S. can scan their cards this issue. Doing so purchases. The company offers a free, 5 star-rated browser using their mobile device’s camera when activating the Citi violates copyright add-on that works on Google Chrome, Safari, and Firefox Mobile App. Once the card account number is scanned, they to scour the internet for the best deals. It automatically only need to input their CVV, date of birth, and last four laws. adds discounts at checkout and gives customers cashback digits of their Social Security number to activate their card. rewards on their purchases. John Anderson is CEO, They do not have to input the 16-digit card account number. (407) 310-5883, [email protected], Pam Kornfeld is SVP, Head of Cards Servicing Journeys, www.joinpiggy.com. (718) 248-7525, [email protected], www.citi.com. Conferences & Seminars Seamless Payments Africa 2017: March 14- SCA 2017 Payments Summit: March 27-30, Seamless Payments Asia 2017: April 19-20, 15, 2017. The Cape Town International 2017. The Renaissance Orlando at Seaworld, 2017. The Suntec Singapore International Convention Centre, Cape Town, South Africa. Orlando, Florida. Estimated attendance: 900. Exhibition & Convention Centre, Singapore. Estimated attendance: 2,000. Cost for the Cost for the four-day conference is $1,245 until Estimated attendance: 8,000. Cost for the two- two-day conference is $1,046 until February 24 March 3 and $1,495 after that. Subscribers to day conference is $896 (group rates available). (group rates available). Subscribers to The The Nilson Report will receive a 20% Subscribers to The Nilson Report will Nilson Report will receive a 10% discount. discount. (Use code NILSDISC.) Contact receive a 15% discount. (Use code JWQE.) Contact Ashleigh Hunt at Terrapinn, Bryan Ichikawa at Smart Card Alliance, Contact Jancis Yap at Terrapinn, (65) 6322-2708, 27 (11) 516-4030, [email protected]. (703) 582-7862, bichikawa@smartcardalliance. [email protected]. Register at Register at www.terrapinn.com/exhibition/ org. Register at www.scapayments.com. www.seamless-expo.com. seamless-africa. 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 ACI WORLDWIDE will offer merchants worldwide chargeback compliance, KAZKOMMERTSBANK, the largest bank in Kazakhstan based on assets, risk mitigation, and fraud management services from Chargebacks911 to has started JCB card acceptance. The merchants are already linked to the fight illegitimate chargebacks. Monica Eaton-Cardone is CIO at Global Risk Discover Global Network (DGN). JCB has a partnership with DGN. Technologies (parent company of Chargebacks911), (727) 461-1089, Takashi Suetsugu is General Director, Eurasia at JCB International, [email protected], www.chargebacks911.com. Jackie Barwell is 7 (495) 647-1036, [email protected], www.global.jcb/en/. Director of Fraud Product Management at ACI, 44 (148) 379-4984, Nurlan Zhagiparov is Managing Director at Kazkommertsbank, [email protected], www.aciworldwide.com. 7 (727) 258-5145, [email protected], www.kkb.kz. PAYMENT CLOUD TECHNOLOGIES (PCT) has launched the No.1 VTEX, which provides a digital commerce platform to companies including Currency Prepaid Mastercard Travel Card in partnership with Fexco. PCT Walmart, Danone, Whirlpool, Electrolux, Pandora, Avon, and Lego, will offer is a prepaid card program manager and account processor. Fexco provides its customers Adyen’s payment gateway and risk management support. dynamic currency conversion and multicurrency pricing to customers in 29 Jean Christian Mies is SVP at Adyen, 55 (11) 4130-2505, jean.mies@ countries. Through its No.1 Currency brand, Fexco provides foreign exchange adyen.com, www.adyen.com.
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