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U.S. General Purpose Cards Earthport, a U.K.-Based Provider of Cross-Border Payments, Including Settlement and Foreign Exchange Services for Banks, Outstandings Vs

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U.S. General Purpose Cards Earthport, a U.K.-Based Provider of Cross-Border Payments, Including Settlement and Foreign Exchange Services for Banks, Outstandings Vs FOR 48 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE JANUARY 2019 / ISSUE 1145 Visa Wants B2B Cross-Border Payments Company Visa has offered to pay $252 million (£198 million) to buy U.S. General Purpose Cards Earthport, a U.K.-based provider of cross-border payments, including settlement and foreign exchange services for banks, Outstandings vs. > see p. 9 Purchase Volume Bl. 5,674 Card Transactions Projected Worldwide Global brand general purpose payment cards are projected to generate 882.08 billion purchase transactions in 2027, up 198.4% 4,326 versus 2017. These card-present and card-not-present purchase > see p. 11 PURCHASE Self-Sovereign Identity Using DLT VOLUME Distributed ledger technology (DLT) permits replication, sharing, 2,831 and synchronization of digital data across multiple sites, countries, and/or institutions. And it can operate without any central > see p. 8 1,870 Pine Labs Merchant Services 1,578 Pine Labs’ cloud-based services platform connects to 100,000 merchants in India that operate 330,000 POS terminals. The 1,072 terminals operate on reduced functionality. They simply route 584 1,328 > see p. 6 310 1,071 IATA Financial Services 733 711 801 579 The International Air Transport Association (IATA), the trade 374 186 organization of 290 airlines worldwide representing more than OUTSTANDINGS 80% of all air traffic, processed $480 billion in payments last ‘90 ‘95 ‘00 ‘05 ‘10 ‘15 ‘20 ‘25 > see p. 10 © 2019 The Nilson Report Fingopay Vein ID Biometric Authentication Credit Card Outstandings in the U.S. When illuminated by near-infrared light, the patterns found inside any human’s veins are more unique than their fingerprints. Credit card debt (outstanding receivables) has been the villain in In addition, they are never impacted by degradation over time American financial services for so long it can be difficult to > see p. 7 remain objective about it. General purpose credit card debt has rebounded from the purge that followed the Great Recession Ingenico ePayments in Russia when it fell to $711.27 billion at the end of 2010. It reached Gaining access to the largest number of alternative payment $979.08 billion at the end of 2018. However, growth in recent methods to Visa, Mastercard, and other global card brands is years is partially attributable to two factors—increased an increasingly important way acquirers and payment service consumer spending to earn rewards and more commercial card > see p. 10 > see p. 12 INSIDE 2 –3 Fast Facts 5 EMV Solution for Gas Pumps CHARTS 11 Projected Growth of Purchase 4 Investments & Acquisitions— 6 JCB QR Code Payments in Asia Transactions Worldwide December 2018 7 Citi Rewards+ Credit Card 12 Outstandings as a % of Purchase 5 MoreFun POS Terminal 8 Mastercard Streamlines Corporate Logo Volume on U.S. Credit Cards © 2019 HSN Consultants, Inc. THE NILSON REPORT VISIT US ONLINE AT WWW.NILSONREPORT.COM CROSS RIVER BANK will provide Stripe with push-to-card SEZZLE’S Shop Now, Pay Later installment payment app is payments for workers in ridesharing, food delivery, and other available to merchants using Salesforce Commerce Cloud. freelance occupations. In December, Cross River secured Sezzle integrated with Salesforce via the Link Technology $100 million in a venture funding round. Gilles Gade is CEO Partnership program. Paul Paradis is Co-founder at Sezzle, at Cross River, [email protected], [email protected], www.sezzle.com. www.crossriver.com. ARRIVE is the new name of ParkWhiz. More than 40 million EQUINOX PAYMENTS’ Luxe 8500i and Luxe 6200m POS customers in 230 cities in the U.S. and Canada have access terminals have achieved EMV end-to-end certification on to parking reservations including payment through Arrive, FAST First Data’s processing platform and are expected to be which operates the largest transactional parking network in submitted to the PCI Security Standards Council next month North America. Yona Shtern is CEO at Arrive, for validation. The terminals use software from Acceo Tender [email protected], www.arrive.com. FACTS Retail. Together, they leverage the First Data payment plat- SUNOCO has launched a new mobile app to support form, are PCI 5.x certified, and support First Data TransArmor payments at the pump and in-store at its U.S. retail gas point-to-point encryption and tokenization. Rob Hayhow is JANUARY 2019 stations and C-stores. The app, which serves iOS and Android ISSUE 1145 VP at Equinox Payments, [email protected], devices, connects to a digital commerce platform created by www.equinoxpayments.com. Joey Vaccaro is VP, Business Stuzo, which delivers rewards, offers, and digital receipts. No paid Development at Acceo, [email protected], advertising. No Dealers manage the platform through a digital storefront www.acceo.com. sponsored content manager. Gunter Pfau is CEO at Stuzo, gunter.pfau@ of any kind. PATIENTCO has added to its SmartFinance platform for stuzo.com, www.stuzo.com. Richard Hayes is Director, No company can medical payments financing options from ClearBalance. Electronic Payments at Sunoco, [email protected], pay to be featured SmartFinance offers integrated statement, text, and ebill, www.sunoco.com. in our newsletter. prepopulated enrollment fields to streamline self-service UNIONPAY prepaid cards issued by Global Bank of New enrollment, and targeted messaging based on bill bal- It is never permissi- York will be marketed by Ecard. U.S. consumers will open an ances. ClearBalance offers include a zero-interest financing account online and service it via an application downloaded ble for subscribers to program. Bruce Haupt is CEO at ClearBalance, bhaupt@ forward or print onto their mobile device. Funds can be added online or at clearbalance.org, www.clearbalance.org. Alan Nalle is Chief this issue. Doing retail locations. Wayne Tsao is CEO at Ecard, wtsao@ ecardinc.com, www.ecardinc.com. June Chen is General so violates Strategy Officer at PatientCo, [email protected], Manager–Americas at UnionPay Intl, chenjing@ copyright laws. www.patientco.com. unionpayintl.com, www.unionpayintl.com. Conferences & Seminars 22nd National Cards and Merchant Payments Ecosystem 2nd Emerging Asia E-Commerce 10th Mobile Money & Financial Payments on Campus 2019: 2019 (MPE): February 19-21, 2019. Summit 2019: February 26-27, Inclusion Summit 2019: February February 3-6, 2019. The Hilton The InterContinental Berlin, Berlin, 2019. The ParkRoyal Hotel, Yangon, 26-27, 2018. The ParkRoyal Hotel, Scottsdale Resort & Villas, Germany. Estimated attendance: Myanmar. Estimated attendance: Yangon, Myanmar. Estimated Scottsdale, Arizona. Estimated 1,000+. Cost for the three-day 150. Cost for the two-day attendance: 150. Cost for the attendance: 125. Cost for the four- conference is $2,514 (€2.200). conference is $999 for retailers, two-day conference is $599 for day conference is $800. Use the Subscribers to The Nilson Report $1,499 for solutions providers. Myanmar banks, $1,299 for other coupon code NILSON25OFF for will receive a 20% discount. Subscribers to The Nilson Report banks and MFIs, and $1,699 for $25 off your purchase through (Use code NLSN_19MPE.) will receive a 15% discount. solutions providers. Subscribers January 31. Contact Sarah Yeager Contact Natalia Ivanis, Head of (Use code 2EAEC2019-MPNR.) to The Nilson Report will receive at Prodev, (812) 339-6374, syeager@ Event Production at Empiria, Contact Jose Carpio, Marketing a 15% discount. (Use code prodevmeetings.com. Register at 421 (917) 802-770, natalia.ivanis@ Manager at Magenta Global, 10MMFI2019-MPNR.) Contact www.prodev.com/pcards-regis- empiriagroup.eu. Register at www. (65) 6846-2366, jose@ Jose Carpio, Marketing Manager tration. merchantpaymentsecosystem.com. magenta-global.com.sg. Register at Magenta Global, (65) 6391-2535, at www.magentaglobalevents. [email protected]. com/2nd-emerging-asia-ecom- Register at www.magentaglobalev- merce-summit/. ents.com/mobile-money-financial- inclusion-summit. 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 PHILLIPS 66 is collaborating with Honda Developer Studio to enable Honda OCEANPAYMENT, a China-based global payment service provider (PSP), vehicle owners to reserve a pump and pay for fuel at approximately 7,500 has signed an agreement with Diners Club International to allow merchants Phillips 66, 76, and Conoco locations through their in-dash infotainment around the world to accept Discover, Diners Club, and affiliate network cards. system. John Barbour is Manager of Payments and Card Services at Phillips 66, The PSP offers more than 500 payment methods in 200 countries. [email protected], www.phillips66.com. Lanny Yan is Co-Founder at Oceanpayment, [email protected], www.oceanpayment.com.cn. Amy Parsons is SVP of Global Acceptance at THE NEIMAN MARCUS GROUP has reached a $1.5-million settlement with Discover, [email protected], www.discover.com. more than 40 state attorneys general over a data breach in January 2014 in which 370,000 credit cards were compromised. OMNIO GROUP, a banking and payment service provider formed by the merger of Payment Cloud Technologies and Tuxedo Money Solutions, has I2C, a global provider of payment processing services, has received certifica- launched the STA Travel Mastercard and digital account in Austria with STA tion as an issuer processor for UnionPay International card products. Travel, a student travel specialist. Ian Clowes is CEO at Omnio, ian.clowes@ Amir Wain is CEO at i2c, [email protected], www.i2cinc.com. June Chen is omnio.global, www.omnio.global. General Manager–Americas at UnionPay Intl, [email protected], www.unionpayintl.com. NATIONAL ASSOCIATION OF SAVINGS AND CREDIT UNIONS in Zambia will issue 1.5 million Mastercard contactless debit cards to its members over “CATCHING THE DUAL INTERFACE WAVE” is a white paper produced the next five years.
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