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MIDDLE EAST/ Turn to Page 8 AFRICA PAYPAL on the DISCOVER NETWORK the Establishment of Paypal As an In-Store Payment Option at the Top More Than 7 Million U.S

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For 41 years, the leading publication covering payment systems worldwide. AUGUST 2012 Issue 1,001 U.S. V&MC CREDIT CARDS — MIDYEAR The top 100 U.S. issuers of Visa and MasterCard credit cards ranked by outstanding debt at June 30, 2012 and by total volume for the first six months of this year are shown on pages 8 and 9. MIDDLE EAST/ turn to page 8 AFRICA PAYPAL ON THE DISCOVER NETWORK The establishment of PayPal as an in-store payment option at the Top more than 7 million U.S. merchant locations linked to the Discover Card Network will begin with a large beta test in the first quarter of Issuers ... turn to page 5 2011 FUNDING Virtual CURRENCY WITH PREPAID CARDS Plastic Jungle has been offering an online marketplace consumers use to sell and buy private label prepaid cards since 2006. It TOP ISSUERS IN MIDDLE EAST/AFRICA makes money on the spread between what it pays to acquire an The Middle East/Africa region’s 50 largest card ... turn to page 5 issuers ranked by purchase volume for goods and services on Visa, MasterCard, Maestro, U.S. MERCHANTS DEVELOPING MOBILE PAYMENT APP American Express, and Diners Club credit, debit, Merchant Customer Exchange (MCX) is a newly formed limited and prepaid consumer and commercial cards liability corporation linking large merchants intent on bringing a generated $152.02 billion in purchase volume on new mobile wallet to the U.S. market. The wallet will work with 100.6 million cards. ... turn to page 7 These issuers represented 16 countries. The FicoO T ACQUIRE ADEPTRA highest spending in the region came from the 3 issuers from Israel with $54.84 billion in purchase Adeptra, operator of a software-as-a-service platform used by volume from 7.4 million cards, equal to $7,414 31 of the 50 largest banks in the world to reach their customers per card. South Africa had 6 issuers in the group using voice, SMS, email, and other communication channels, that collectively accounted for $45.99 billion in ... turn to page 12 purchases at merchants from 53.8 million cards VISA POS ENCRYPTION SERVICE for an average of $855 per card. Saudi Arabia had 8 issuers that accounted for $19.68 billion from In the second quarter of 2013, Visa Inc. will offer a point-to- 12.3 million cards or $1,594 per card. Kuwait had point encryption service to protect payment card data in the 6 issuers that accounted for $14.69 billion from U.S. Between now and then the software application will be ... turn to page 7 ... turn to page 10 TRACKIN G STOLEN CREDIT CARD DatA www.nilsonreport.com Hackers who steal card account data sell it in forums on the Internet to other criminals who believe they can create counterfeit • Order back issues cards and/or buy goods online that they can then resell for cash. • View front-page articles for the last 3 years • Find links to upcoming conferences turn to page 6 INSIDE: FAST FACTS P 2-4 CHARTS: TOP 100 U.S. VISA/MASTERCARD CREDIT CARD ISSUERS RANKED BY VOLUME, OUTSTANDINGS P 8, 9 MIDDLE EAST/AFRICA TOP ISSUERS — CREDIT, DEBIT, GENERAL PURPOSE/VISA/MASTERCARD P 10,11 © HSN Consultants Inc. 2012 THE NILSON REPORT Reproducing or allowing reproduction or dissemination of any portion of this newsletter in any manner for any purpose is a copyright violation subject to substantial fines. Yearly Subscription for 23 print and electronic issues is $1,295. ISSN 1087-8718 THE NILSON REPORT: 1110 Eugenia Place, Suite 100, Carpinteria, CA 93013 USA • PHONE (805) 684-8800 • FAX (805) 684-8825 • [email protected] FAST FACTS >>>>>>>>> FREEMONEE NETWORK, provider of consumer gift incen- WELLS FARGO SMALL BUSINESS DEBIT purchase volume tives tied to credit card usage, has received $34 million in Series B in issue #998, page 11, should have been $19,961.8 mil. (up 17%), funding led by Charles Ryan, Chairman of UFG Asset Management. making it the largest issuer of small business debit cards in the U.S. Redpoint Ventures, Sutter Hill Ventures, Opus Capital Ventures, and Brenda Yost is SVP, Debit Card Marketing and Product Management, Pinnacle Venture also participated. The company has raised a total (415) 222-5556, [email protected], www.wellsfargo.com. of $45 million. Jim Taschetta is CMO at FreeMonee, (650) 353-7269, [email protected], www.freemonee.com. BRAINTREE, provider of a payments gateway to over 2,000 online and mobile merchants, will pay $26.2 million to acquire KAIKU FINANCE now offers the reloadable KAIKU Visa prepaid Venmo, provider of a person-to-person and digital wallet mobile card. Cardholders will receive $10 when a referral activates and spends at least $100 on the new card, which is issued by First application. Venmo expects to be processing $250 million California Bank. Jon Round is CEO at Kaiku Finance, (805) 413-4320, annually by the end of 2012. Bill Ready is CEO at Braintree, [email protected], www.kaiku.com. (312) 257-2300, [email protected], www.braintreepayments.com. THE BANCORP INC., based in the U.S., plans to acquire the MyCardData technology platform, Easybuy website, customer RESOURCE 1, a provider of consulting services, will jointly market contracts, and other assets of Transact Network, based in Gibraltar. its services to users of HP NonStop computer systems in the U.S. Terms were not disclosed. The deal is expected to close by the end and Canada with BPC Banking Technologies, provider of SmartVista, of the third quarter of 2012. Transact Network has issued over an integrated suite of software products for transaction processing 1 million prepaid cards since 2006. Bancorp is the 2nd largest and card management. Marc Solomon is SVP No. American Sales at prepaid card issuer in the U.S. Jeremy Kuiper is Managing Director at BPC-USA, [email protected], (770) 625-5050, www.bpcbt.com. Bancorp Payment Solutions, (605) 988-3135, jkuiper@ Gary Moore is Managing Partner at Resource 1, (630) 575-5131, thebancorp.com, www.thebancorp.com. [email protected], www.resource1-tandem.com. AMERICAN EXPRESS reloadable prepaid cards are now being SENTINEL BENEFITS & FINANCIAL GROUP, an employee sold at 7,200 Walgreens drugstores nationwide. Dan Schulman is benefits consulting and administration firm, has released a mobile Group President, Enterprise Growth at Amex, (212) 640-2000, app that lets flexible spending account debit card customers scan [email protected], www.americanexpress.com. barcodes to determine if health-related products can be purchased using pretax dollars through a reimbursement plan. Sentinel serves more than 3,000 businesses. John Carnevale is CEO, FEATURED CONFERENCE (781) 914-1200, [email protected], 20% www.sentinelgroup.com. TRUAXIS can now provide merchant-funded rewards to 3.5 million SOCIAL MOBILE PAYMENTS AMERICAS 2012 Subscribers to consumers using online banking services delivered by Online The Nilson Report Resources. StatementRewards provides offers from local and Three-Day Conference will receive a 20% national merchants based on consumers' purchasing histories or November 6-8, 2012 discount. their location. Carlo Cardilli is SVP for Business Development at Marriott Biscayne Bay (Use code NILSON.) Truaxis, (415) 385-1112, [email protected], www.truaxis.com. Miami, Florida Topics include: disruption, mobile advertising, MNO strategies, mobile retail/retail mobile, network FEATURED CONFERENCE (r)evolution, social media-morphosis, 5W’s of transactions, 20% wallet warfare. Dedicated tracks include: Near Field ATPS ASIA-PACIFIC 2012 Subscribers to Communications, alternative transaction networks, The Nilson Report t-commerce, m-couponing, in-app subscriptions, and Two-Day Conference will receive a 20% B/OSS, as well as sessions exploring business strategy and September 18-19, 2012 discount (for new mobile cloud services, among other subjects. Speakers and The Crowne Plaza Mutiara Hotel bookings). panelists will represent both innovators and incumbents Kuala Lumpur, Malaysia from across the entire spectrum of the social, mobile, and Topics include: fraud prevention, alternative forms of payments ecosystem from companies such as: Amdocs, payment, mobile payments, and credit card merchant Visa, PressPay, Digital River, Apriva, Mogreet, Spindle costs. Speakers represent: Air New Zealand, PayPal, Mobile, Mopay, PayTap, i2C, ParkMobile, X.Commerce, European Airline Fraud Prevention Group, WorldPay, Conference links at www.nilsonreport.com C-Sam, Carol Realini, We Pay, Boom, Fundable, and more. Conference links at Finnair, Visa, CyberSource, and more. Cost starts from $399 Conference links at www.nilsonreport.com Cost is $895 with an optional hands-on social media www.nilsonreport.com for airlines/travel providers and $799 for industry suppliers. workshop on November 6. Contact Bruce Burke at Gulf Bay Contact Michael Smith at Airline Information for discount Consulting, (727) 612-5775, [email protected]. code, 44 (141) 416-0800, [email protected]. Register at www.socialmobilepayments.com. Register at www.atpsapac.com. THE NILSON REPORT If you are being forwarded a copy of this report, you are not an authorized user and must delete the report 2 AUGUNUMBERST 2012 1001 AugustISSUE 20121,001 THE NILSON REPORT immediately.- 1 -Your obtaining an unauthorized copy may violate the intellectual property rights of HSN Consultants, Inc. d/b/a The Nilson Report. The right to possess digital versions of this report is granted solely to the individual subscriber. >>>>>>>>>FAST FACTS ID TECH, a provider of POS hardware devices worldwide, will LEMON, launched in late 2011, has a user base of 2+ million custom- integrate First Data's TransArmor data encryption and tokenization ers who have downloaded its iOS-based Lemon Free service and technology into its products. Tim Hornton is VP of Merchant premium Lemon Pro service ($9.99 per month), which scans and Product Management at First Data, (402) 222-4380, timothy.
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