blockchain and contactless card payments top issuers...

7 Visa & Mastercard Worldwide — thru 3Q ‘16 vs. 3Q ‘15 10, 11 Largest Credit and Debit Card Issuers Worldwide — Ranked by Purchase Volume and Country 2015

2 – 4 Fast Facts 5 Pax MiniPOS Device 5 Chase Small Business Credit

INSIDE CHARTS

Mastercard & Visa Outside the U.S. through 3Q ‘16Spending worldwide on Visa and Mastercard credit, debit, and prepaid cards for the first nine months of 2016 totaled $8.001 trillion, up 9.3% versus the first nine months of 2015. Visa

Blockchain and Contactless Card PaymentsThis month SETL, Deloitte, and Metro Bank successfully demonstrated a contactless blockchain smart card retail payment system. Metro Bank in the U.K. is a Deloitte client. More than

Largest Payment Card Issuers Worldwide

The 10 largest issuers of general purpose payment cards (American Express, Diners Club, Discover, JCB, Mastercard, UnionPay, Visa, and domestic-only brands) ranked by type (credit, debit) and purchase volume by country of card issuance for calendar year 2015 included issuers from China, the United States, the United Kingdom, and France. Debit card figures included prepaid cards.

Experian Launches Extended TradeA point-in-time check on credit prospects’ risk scores might reveal individuals with identical scores but would not show, for example, that someone had $5,000 in balances generated by making only

Citi Pay Mobile WalletCiti will offer a proprietary mobile payment wallet to digital banking customers in Australia and Singapore by year-end who are Android smartphone users. Citi Pay users will initiate

Elavon Handles Payments to GovernmentsElavon, the fifth largest U.S. acquirer of payment card transactions, provides services to more than 3,000 local and state government agencies. A subsidiary of U.S. Bank, Elavon has formed a

SumUp Card Processing for MicromerchantsIn May 2016, SumUp acquired Payleven for an undisclosed amount. Both companies in 2012 began offering card payment processing from smartphones and tablets to micromerchants in

NuData Behavioral BiometricsKeystrokes for username and password have a cadence. Continuity and deviations on how login data is entered can identify whether the username and password have been keyed in by a person or

© 2016 The Nilson Report

CHINA

U.S.

U.K.FRANCE

Top Issuers of PaymentCards Worldwide 2015

Ranked by Purchase Volume (Bil.)

American Express$692JPMorgan Chase$542ICBC$359China Construction$335Bank of America$297China Merchants$281Bank of Communications$242Citibank$228Bank of China$221Capital One$210

CREDIT VOLUME DEBIT VOLUME

Agricultural Bank$967ICBC$924

China Construction$753

Bank of China$390

Bank of America$290

Wells Fargo$287

Lloyds$220

JPMorgan Chase$205

Credit Agricole$145

RBS/NatWest$143

> see p. 9 > see p. 12

> see p. 6

> see p. 7

> see p. 8

> see p. 12

> see p. 6

> see p. 7

VISIT US ONLINE AT WWW.NILSONREPORT.COM

FOR 46 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE NOVEMBER 2016 / ISSUE 1099

© 2016 HSN Consultants, Inc. THE NILSON REPORT

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Conferences & Seminars

9th Healthcare Payments Innovations 2017: January 30-31, 2017. The Phoenix Marriott Tempe at The Buttes, Tempe, Arizona. Estimated attendance: 120. Cost for the two-day conference ranges from $695 to $2,095 depending on market sector. Subscribers to The Nilson Report will receive a $300 discount. (Use code NILSON300.) Contact Kathleen Daffner at Strategic Solutions Network, (203) 209-0520, [email protected]. Register at www. hcpaymentsinnovations.com.

Merchant Payments Ecosystem 2017 (MPE): February 14-16, 2017. The InterContinental Berlin, Berlin, Germany. Estimated attendance: 1,000. Cost for the three-day conference is $2,200. Subscribers to The Nilson Report will receive a 20% discount. (Use code MPE_NR.) Contact Natalia Ivanis, Head of Event Production at Empiria Events, 421 (917) 802-770, [email protected]. Register at www. merchantpaymentsecosystem.com.

8th Mobile Money & Agent Banking Summit 2017: February 21-22, 2017. The Park Royal Hotel, Yangon, Myanmar. Estimated attendance: 150. Cost for the two-day conference is $1,799 until December 21 ($1,999 after that). Subscribers to The Nilson Report will receive a 15% discount. (Use code MP-TNR.) Contact Jose Carpio at Magenta Global, (65) 6391-2535, [email protected]. Register at www.magenta-global.com.sg.

PayExpo Americas 2017: March 7-8, 2017. The Hotel Marquis Reforma, Mexico City, Mexico. Estimated attendance: 1,000. Cost for the two-day conference is $1,299. Save $800 with the early bird rate. Subscribers to The Nilson Report will receive a 20% discount. (Use code TNR20.) Contact Andrew Earle at Clarion Events, 44 (207) 384-7893, [email protected]. Register at www.payexpo.com/americas.

GEMALTO, the largest payment card manufacturer in the world, shipped more than 1 billion contactless cards over the past 5 years to customers in 77 countries. A full portfolio of card and wearable EMV options are now available to issuers in the U.S. Bertrand Knopf is SVP, Secure Transactions, (512) 968-4260, [email protected], www.gemalto.com.

REPUBLIC BANK is offering its Mastercard credit and debit customers the opportunity to use Android Pay. Michael Sadofsky is SVP of Marketing at Republic Bank, (502) 561-7125, [email protected], www.republicbank.com.

L7 CASE can be added to an iPad 2/3 Mini and Square Contactless + Chip reader. It features an easy-to-grip back side for one-handed use as well as reliefs for all charging points and the Square magstripe reader. The L7 Case, which costs $99 and is available for preorder, is designed for use in retail, food service, and mobile environments. Tim Boyd is CEO at L7 Case, (310) 429-9069, tim.boyd@ blueprintpartners.com.au, www.L7case.com.

BANK OF THE WEST has launched a Mastercard credit card that rewards shoppers with 3% cash back on dining, groceries, and gasoline as well as 1% cash back on all other purchases. There is no annual fee and no limit on the cash back that can be earned. Rewards are posted to the cardholder’s account. Cash Back Mastercard is available for Apple Pay, Android Pay, and Samsung Pay digital wallets. Paul Appleton is EVP, Head of Products and Payment Solu-tions at Bank of the West, (925) 464-8508, [email protected], www.bankofthewest.com.

NOFRAUD provides full-service fraud prevention software integrations for small and midsized U.S. businesses. It claims to be the only commercially available service that contacts cardholders directly to verify purchases. NoFraud’s technology can be accessed by online stores using ecommerce platforms including Magento, Shopify, X-Cart, WooCommerce, PrestaShop, Volusion, Beverage Media, Pinnacle Cart, and Shopsite. Isaac Gurary is CEO at NoFraud, (212) 655-9864, [email protected], www.nofraud.com.

FIRST BANKCARD, a division of First National Bank of Omaha, is issuing a private label credit card for Shopko, a retailer with 375 stores in 25 states. Jerry O’Flanagan is EVP, Consumer Banking at First National Bank of Omaha, (402) 602-6000, [email protected], www.firstnational.com.

CARDTEK’S Digital Enablement Platform supports adding payment cards, transit tickets, access cards, and any other services to wearable devices. It works with NXP PN66T and P60 wearable chips and incorporates tokenization services to securely integrate payment credentials with the wear-able. Emilian Elefteratos is EVP Sales and Marketing, North America at Cardtek, (949) 556-8909, [email protected], www.cardtek.com. Charles Dachs is VP of Transactions at NXP, (408) 518-5500, charles.dachs@ nxp.com, www.nxp.com.

BILLINGTREE, a provider of integrated payment process-ing and support services to customers in healthcare, ARM, and financial services has completed an audit of compliance with the 2016 Nacha Operating Rules on ACH payments. Dave Yohe is VP of Marketing at BillingTree, (602) 443-5948, [email protected], www.mybillingtree.com.

FAST

FACT

S

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It is never permissible for subscribers to forward or print this issue. Doing so violates copyright laws.

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https://www.merchantpaymentsecosystem.com

360 PAYMENT SOLUTIONS offers Velox payment processing and business modernization software to smaller, independent automobile-related businesses such as mechanics, body shops, quick-service oil change facilities, and tire sellers. Velox adds chip card processing technology to software these businesses deploy from independent software and point-of-sale vendors. Steve Ciabattoni is Co-CEO, (408) 295-8360, [email protected], www.360-payments.com.

ENACOMM has deployed an IVR system for mobile check cashing firm Ingo Money. Consumers can access enrollment assistance, account information, and transaction status without assistance from a customer service representative. They follow simple prompts to interact with the IVR. Michael Boukadakis is CEO at Enacomm, (918) 858-9777, mikeb@ enacomm.net, www.enacomm.net.

PAYJUNCTION, a Level 1 PCI-compliant merchant account provider and payment gateway, says its proprietary Smart Terminal processes EMV transactions in 3.61 seconds (on average). This compares with data from UL Transaction Security that puts the average EMV processing speed at 11.0 seconds. Randy Modos is President at PayJunction, (805) 562-5576, [email protected], www.payjunction.com.

MASTERCARD has integrated Fit Pay’s contactless payment technology for wearable device manufacturers into the Mastercard Digital Enablement Service. In addition, the companies will work with Wearatec and other manufacturers to bring to Mastercard cardholders a variety of contactless payment-enabled devices. Michael Orlando is CEO at Fit Pay, (425) 922-2894, [email protected], www.fit-pay.com. Kiki Del Valle is SVP Digital Payments and Labs at Mastercard, (636) 722-5543, kiki.delvalle@ mastercard.com, www.mastercard.com.

INCOMM, seller of prepaid products and transaction services through 500,000 physical locations, will test Tender Armor’s CVV+ real-time, dual-factor authentication, which helps prevent unauthorized use of cards. It works by generating a daily security code that only the cardholder knows to be used in place of the static CVV code printed on the back of the card. Madeline Aufseeser is CEO at Tender Armor, (954) 494-0801, [email protected], www.tenderarmor.com. Scott Meyerhoff is COO at InComm, (678) 367-6460, [email protected], www.incomm.com.

MCCOY FEDERAL CREDIT UNION, which has 60,000 members, will use Vantiv’s integrated debit and credit platform to provide account processing including support for MobiMoney, the credit union’s mobile app. Bill Hampton is SVP and GM of Financial Institution Services at Vantiv, (913) 254-7781, [email protected], www.vantiv.com. Basil Buchanan is VP of Lending at McCoy FCU, (407) 583-1112, [email protected], www.mccoyfcu.org.

U.S. BANK is offering FlexPerks Visa Credit Card customers the opportunity to obtain a geolocation-based fraud fighting feature using a mobile app. The app identifies the location of a card transaction for match against the location of the cardholder’s phone. The service is also available to financial institution customers of U.S. Bank’s Elan Financial Services. Fred Liu is VP of Risk and Authentication Products at Visa, (415) 805-4054, [email protected], www.visa.com. Clifford Cook is SVP, Head of Product and Marketing, Retail Payment Solutions at U.S. Bank, (215) 328-4956, clifford.cook@ usbank.com, www.usbank.com.

Jeff Rosenblatt has been appointed Vice Chairman at EVO Payments International, (516) 962-7934, jeffrey.rosenblatt@ evopayments.com. O.B. Rawls has been appointed Chief Executive Officer at iPayment, (212) 802-7212, [email protected]. Desmond Chong, formerly at American Express Global Business Travel, has been appointed Director of Business Development, South East Asia at Conferma, (65) 9650-7869, [email protected]. John Hughes, formerly at KPMG, has been appointed Chairman at VST Enterprises, 44 (780) 176-8269, [email protected]. Mohammed Ajmal Basheer has been appointed Regional Sales Director, Middle East at Cardtek Group, 90 (850) 277-6767, [email protected]. Steve Gilde has been appointed Director of Global Product Marketing at Paragon Application Systems, (919) 741-4422, sgilde@ paragonedge.com.

Management Changes

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CUSCAL, a payment processor in Australia with more than 80 financial institution clients, offers payment card issuing and acquiring support including mobile payments, ATMs, fraud prevention, and electronic funds transfers. It is linked to Apple Pay for 31 of its clients. Cuscal will connect to Australia’s new real-time payment infrastructure, the New Payments Platform, in 2017. Craig Kennedy is Managing Director at Cuscal, 61 (2) 8299-9000, [email protected], www.cuscal.com.au.

GOOGLE’S Android Pay contactless mobile payment service is now live in Poland for Mastercard cards issued by Alior Bank, T-Mobile Banking Services, and Bank Zachodni WBK. Other banks will be added. Payments made with Android Pay use tokenization technology delivered by the Mastercard Digital Enablement Service. Aleksander Naganowski is Head of New Business Development at Mastercard, 48 (22) 536-1090, [email protected], www.mastercard.com.

FEATURESPACE’S ARIC real-time, machine learning fraud fighting technology has been deployed by ComeOn, an online gambling platform. Martina King is CEO at Featurespace, 44 (122) 334-5940, [email protected], www.featurespace.co.uk.

AIRPLUS and AIRBNB are working on an integrated payment process. The Airbnb for Business dashboard provides insight into employees’ travel plans including bills, business travel ready homes, corporate reporting, and duty-of-care options. Patrick Diemer is Managing Director at AirPlus, 49 (610) 220-4444, [email protected], www.airplus.com. Christopher Bergau is Business Travel Lead for Germany, Austria, and Switzerland at Airbnb for Business, 49 (030) 3080-8380, [email protected], www.airbnb.com/business.

ARPATECH is a Pakistan-based company focused on integrating different payment systems with Magento and other ecommerce platforms. Wajid Hussain is Community Manager at Arpatech, 92 (34) 725-5091, [email protected], www.arpatech.com.

ORANGE CASH, a mobile wallet app from mobile network operator Orange, now supports Apple Pay in France. The digital Visa card issued by Wirecard Card Solutions will be provided through an app-to-wallet interface directly into the wallet. Customers don’t need to scan a plastic card and run through additional verification processes. Nicolas Levi is Director, Payments and Mobile Financial Services at Orange, 33 (1) 4444-2222, nicolas.levi@ orange.com, www.orange.com. Brigitte Haeuser-Axtner is EVP Sales, Digital Goods at Wirecard, 49 (89) 4424-1674, brigitte.haeuser-axtner@ wirecard.com, www.wirecard.com.

TOPPAN PRINTING, a top supplier of payment cards to banks in Japan, will offer its customers Oberthur Technologies’ OT Motion Code dynamic cryptogram payment cards and Cosmo OTP payment cards that generate one-time passwords (OTP). OT Motion Code replaces the static 3-digit security code printed on the back of a card with a screen that displays a random code that changes automatically. Cosmo OTP features a 6-digit epaper display and a button used to generate an OTP. Eric Duforest is Mng. Dir., Financial Services Institutions at OT, 33 (1) 7814-7601, [email protected], www.oberthur.com. Masakazu Ito is Mgr. Secure Business Strategy at Toppan, 81 (50) 3480-4078, [email protected], www.toppan.co.jp.

GLOBAL PAYMENTS, the 12th largest merchant acquirer in Europe, will provide payment acceptance for American Express cards at its small merchants in the U.K. Services include payment processing, settlement, reporting, support, and statements. Mike Jackson is VP, Merchant Services - UK at American Express, 44 (127) 321-6859, [email protected], www.americanexpress.com/uk/. Chris Davies is President, Europe at Global Payments, 44 (207) 593-2961, [email protected], www.globalpaymentsinc.com.

BANK OF RAKYAT INDONESIA (BRI) will issue the BRI JCB Platinum credit card in the spring of 2017. BRI has acquired JCB cards since April 2016. Koichiro Wada is Director, JCB International Indonesia, 62 (21) 3193-8104, [email protected], www.global.jcb/en/. Mohamad Helmi is General Manager of Credit Card Division, Bank Rakyat Indonesia, 62 (21) 8067-4002, [email protected], www.bri.co.id.

VESCA, a provider in Japan of a payment management platform and identification services, will offer its customers Verifone’s EMV-compliant Engage V200c countertop and P400 PIN pad devices as well as end-to-end payment services including estate management, payment gateway, and merchant consoles. Makoto Yoshida is CEO at Vesca, 81 (3) 5422-9211, [email protected], www.vesca.co.jp. Steve Aliferis is President, Asia Pacific at Verifone, (65) 6390-3218, [email protected], www.verifone.com.

OPTAL, a principal member of Mastercard in the U.K. and Hong Kong, has signed a contract with TSYS for authorizations for virtual payment cards. Alex Mills is COO at Optal, 61 (40) 914-0052, [email protected], www.optal.com. Rob Hudson is International Group Executive at TSYS, 44 (1904) 562-025, [email protected], www.tsys.com.

ELAVON’S Simplify payment software for hotel property management systems has been chosen by Ariane Systems, provider of self-service check-in/out technology to more than 3,000 hotel customers in 25 countries. Simplify handles EMV cards including contactless payments. For in-person kiosk card acceptance, Simplify immediately encrypts card data. Simon James is SVP of Strategic Customer Solutions at Elavon, 44 (192) 365-1500, [email protected], www.elavon.com.

QONDADO has received U.S. Patent D769,296, which covers the graphical user interface design for KodeKey and Digital Debit framework inclusive of mobile apps for iOS and Android. The design contains human and machine readable transaction data. Data elements include Device Number, used as the identifier, Device PIN, for transaction verification, and QR code, for easy scan-based transaction handling. Edward Robles is CEO at Qondado, (787) 249-3968, [email protected], www.qondado.com.

OT (OBERTHUR TECHNOLOGIES), the 2nd largest payment card manu-facturer in the world, offers a dual-interface card developed on its Global Platform and Java-based operating systems. Cosmo Fly v5.8 is the first dual-interface product to conform to the Visa 2.8.1g certification, which fulfills Visa’s 12-year EMV card Lifecycle Policy. It is also a MasterCard M/Chip Advance v1.2 certified product. Eric Duforest is Managing Director, Financial Services Institutions Business at OT, 33 (1) 7814-7601, e.duforest@ oberthur.com, www.oberthur.com.



The largest issuer of credit cards to U.S. small businesses has launched Chase Ink Business Preferred, which provides three

reward points for every dollar spent on the first $150,000 annually in combined purchases on travel (airfare, hotels, car rentals, taxis, and trains), on shipping, on advertising with search engines and social media sites, and on internet, cable, and phone services. Chase Ink Business Preferred cardholders will earn 80,000 bonus points after spending $5,000 in the first three months. If they redeem those points for travel using

the Chase Ultimate Rewards loyalty program, they receive the equivalent of $1,000 in value because points are worth 25% more. Points can also be redeemed for cash back and prepaid cards. The card has a $95 annual fee, which is waived the first year for applications made at any of the 5,300 Chase branches.

Small business credit card spending has grown by double digits the last three years, and Chase hopes to continue that pattern. Chase Ink Business Preferred’s reward categories were designed to provide an incentive to move spending to the card. In particular, travel, shipping, and digital advertising rewards were selected after research identified them as being important to owners of small businesses.

Chase has four other small business credit cards — Chase Ink Business Cash and co-branded products with Southwest Airlines, United Airlines, and Marriott Hotels. It aligns Chase Commerce Solutions (merchant acquiring) with business banking divisions to generate growth from the four million small businesses that use one or more Chase products. One new product is Chase Business Quick Capital, which involves a partnership with OnDeck, an online-only lender to small businesses. Chase uses OnDeck’s

technology but underwrites and maintains all loans.Jeff Hofmann is General Manager at

Chase Ink in Wilmington, Delaware,

(302) 282-3216, jeffrey.b.hofmann@

chase.com, www.chase.com.

The fourth largest POS terminal manufacturer in the world is offering merchants the D220 MiniPOS, a paperless point-of-sale device that features a 4-inch full color touchscreen (480 x 800 pixels). The D220, which is powered by a high-performance Cortex A9 processor, includes a 3050 mAh capacity battery and can be charged wirelessly. It weighs 182 grams including the battery. It can connect to iOS or Android smartphones or

tablets via Bluetooth or Wi-Fi, or it can be used as a stand-alone terminal through inbuilt 3G or 4G connectivity. Security for the D220 includes PCI PTS 4.x, SRED, 3DES, and RSA. Certifications

include Visa payWave/Ready, Mastercard contactless/MPOS/TQM, American Express Expresspay, Discover D-PAS, and UnionPay Quickpass. It is EMV Contact Level 1 and Level 2 and EMV Contactless Level 1 certified. The D220 measures 136.5 mm x 70 mm x 17.4 mm. It has one micro-USB port.

Andrew Wu is

VP, EMEA Region at Pax Technology

Ltd. in Shenzhen, China, 86 (755)

8613-3739, [email protected],

www.paxsz.com.

...features a 4-inch full color touch-screen measuring 480 x 800 pixels.

...earn 80,000 bonus points after spending $5,000 in the first 3 months.

Chase Small Business Credit

Pax MiniPOS Device


http://www.chase.com

http://www.paxsz.com

minimum monthly payments on all charges owed over many months, while another with

$5,000 in balances was paying off $5,000 in full every month. Credit card issuers waste time and money sending the same new card offer to both people.

Credit bureau and analytics firm Experian has launched Extended Trade, a new product within its Credit3D suite of credit risk management tools. Credit3D broke the existing model of static credit score risk management by providing lenders with two additional information fields per trade line that are supplied with trended data. Extended

Trade expands additional fields to 18 trade-level features. This new historic and trend data provides issuers with a much

more comprehensive understanding of a specific individual’s consumer spending and

payback behavior, their current estimated interest rates, potential profitability, and the number of months remaining on all of their loans including card, student, and mortgage. It can provide insights on credit prospects for more precise targeting of new card accounts. Issuers could learn that a low interest rate offer they were considering isn’t a better deal versus the prospect’s existing card account. It could target a revolving balance consolidation offer to

some and a stronger rewards component to others.

Experian is the first credit bureau to offer a product like Extended Trade, which leverages 24 months of historical balance, credit limit, scheduled payment, actual payment, and payment date information. Experian provides credit files on 220 million adults living in the U.S. Extended Trade is available only in the U.S.

Paul DeSaulniers is Senior Director,

Risk Scoring and Trended Data

Solutions at Experian in Costa

Mesa, California, (714) 830-7580,

[email protected],

www.experian.com.

100 Deloitte employees were issued contactless smart cards with prepaid balances for use at

three charities that sold cupcakes as a fundraiser. The test lasted 45 minutes. All cardholder card balances were updated in real time on the blockchain ledger. The charities immediately received funds from the sale, something that was possible because the buyers were using prepaid accounts. This blockchain test did not incorporate a credit card payment, which is pulled from a line of credit, not pushed from a prepaid account.

Deloitte’s open-source Smart Identity blockchain, which was built to provide identification security and full compliance with AML and KYC regulations,

talked with the blockchain-based processing service provided by distributed ledger technology company

SETL Payments, which then settled all payments into Metro’s legacy Temenos core banking platform. Cardholders created

identity records on the Deloitte blockchain, which tracks consumers and provides them with the means to prove who they are. It then posted their certified

details to the SETL ledger. Cardholder credentials were then available to facilitate purchases at the fundraiser.

SETL, Deloitte, and Metro state that the test went beyond a proof of concept. SETL’s blockchain has speed, capacity, security, the ability to handle payments in any local currency, and can settle directly into any existing general ledger technology. There is no need for an intervening cryptocurrency

step. By running chains in parallel, SETL says it is engineered to process 1.4 billion or more

transactions a second.SETL’s technology functions

similarly to the SIM card technology used by mobile network operators (MNOs)

...expands additional fields to 18 trade-level features.

All payments were settled into Metro’s core banking platform.

Experian Launches Extended Trade from page 1...

Blockchain and Contactless Card Payments from page 1...


http://www.experian.com


accounted for 67.31%, up from 67.10%, due to its 10.3% growth in

purchase volume on cards issued in the United States.

For Mastercard, spending for goods and services on cards issued outside the United States

accounted for 62.61% of its global purchase volume for the first nine months of 2016, up from 62.29% for the same period in 2015. Purchase transactions on cards issued outside the U.S. accounted for 63.76% of Mastercard’s global total, up from 62.40%.

For Visa, purchase volume on cards issued outside the U.S., which included Visa Europe, generated 58.94% of its global purchase volume during this same period, down from 59.20% for the prior year.

partnership with System Innovators (SI), a system integrator to local and state governments. SI provides a back-office service that reconciles all payments received as well as a front-end software interface that supports payments handled at lockboxes, online, and over the counter (including cash).

The partners have dozens of government agencies as customers in common. They will offer an integrated payment processing system that combines SI’s cashiering and revenue management software with Elavon’s EMV chip card processing, point-to-point encryption, and tokenization services. Elavon’s security suite greatly reduces the scope of PCI compliance for government agencies, which typically view the adoption of added security measures more favorably than commercial businesses. In addition,

government agencies operate under stricter standards than commercial businesses when it comes to fully reconciling all funds received as payments. Elavon’s partnership with System Innovators will link payment data to all related information about the payment, from acceptance to back-office reconciliation. Mark Koran is Regional Director, Government Payments

at Elavon in Minneapolis, Minnesota, (651) 324-7576,

[email protected], www.elavon.com.

worldwide. It can be interoperable among payment systems the same way that phone calls move seamlessly around the world from one MNO to the next. Every bank

card issuer could be connected to a dozen or more blockchains.Peter Randall is CEO at SETL in

London, U.K., 44 (778) 654-3388,

[email protected], www.setl.io.

David Myers is Partner at Deloitte

MCS Ltd. in London, U.K., 44 (207)

303-5609, [email protected],

www.deloitte.co.uk.

Visa & Mastercard Worldwide thru 3Q 2016 vs. 3Q 2015 Dollar Volume (bil.) Purch. Trans. Brand/Card Issuance Location Total Chg. Purchases Chg. Cash Chg. (bil.) Chg.

Visa U.S. $2,608.24 9.6% $2,211.05 10.3% $397.20 5.9% 43.20 10.4%

Mastercard U.S. $1,146.58 7.3% $978.01 7.6% $168.57 5.5% 18.00 10.0%

U.S. TOTAL $3,754.82 8.9% $3,189.06 9.5% $565.76 5.8% 61.20 10.3%

Visa outside U.S. $4,992.20 6.8% $3,174.22 9.1% $1,817.98 2.9% 60.60 14.2%

Mastercard outside U.S. $2,444.06 12.1% $1,637.57 9.1% $806.49 18.5% 31.67 16.6%

OUTSIDE U.S. TOTAL $7,436.26 8.5% $4,811.79 9.1% $2,624.47 7.3% 92.27 15.0%

Visa Total $7,600.45 7.7% $5,385.27 9.6% $2,215.18 3.4% 103.80 12.6%Mastercard Total $3,590.64 10.5% $2,615.58 8.6% $975.06 16.1% 49.67 14.1%

TOTAL $11,191.08 8.6% $8,000.85 9.3% $3,190.23 7.0% 153.48 13.1%

Figures are for January 1, 2016 through September 30, 2016. They include all consumer and commercial credit, debit, and prepaid cards. Currency fi gures are in U.S. dollars. Change fi gures for dollar volume refl ect a year-over-year comparison in local currency. Visa includes the sum of Visa Europe and Visa Inc. and includes Visa, Visa Electron, and Interlink brands. Visa Europe is now owned by Visa Inc. Mastercard excludes Maestro and Cirrus fi gures. © 2016 The Nilson Report

Mastercard & Visa Outside the U.S. through 3Q ‘16 from page 1...

> see p. 8

Elavon Handles Payments to Governments from page 1...


http://www.elavon.com

http://www.setl.io

http://www.deloitte.co.uk

in-store purchases by tapping a phone at NFC-enabled payment terminals or trigger mobile commerce purchases from within a retailer’s app. Online payments at ecommerce sites will likely be added in 2017. There are six million NFC-enabled POS locations worldwide. Australia

and Singapore are

markets in which NFC-enabled POS terminals are already ubiquitous.

Citi Pay is a stand-alone app. It is not embedded in the Citi mobile banking app. After Citi customers download the app from Google Play, their credit and debit cards can be enrolled with a few clicks. Cardholders will be able to view their available line of credit or deposit account balance within the app before and after a purchase. Access to the Citi Pay app is by the same username and password

cardholders use for online and mobile banking.

Citi already supports Apple Pay, Samsung Pay, and Android Pay in the U.S., where it will launch Citi Pay in 2017. Those apps also require a download and an enrollment process. Citi Pay

mobile wallet customers in the U.S. will automatically be enrolled in Masterpass, Mastercard’s digital checkout and mobile wallet service. Currently, Masterpass offers digital checkout services at 300,000 merchants in 33 countries.

Citi, which is the 4th largest credit card issuer and 13th largest debit card issuer in the U.S., will become the 4th top U.S. bank to

offer a proprietary mobile payment app after Chase, Capital One, and Wells Fargo. Citi Pay, Capital One

Wallet, and Wells Fargo Wallet are NFC-based. Chase Pay is QR code-based. Capital One and Bank of America, which does not offer a proprietary mobile wallet, also enable mobile payments through Masterpass. Citi, Chase, Capital One, and Bank of America will also promote person-to-person mobile payments through the recently launched Zelle service from clearXchange.

Citi Pay Visa cardholders, such as those with Costco cards, will also be able to enroll in Masterpass pending completion of an agreement between Visa and Mastercard on tokenization for

Purchase transactions on cards issued outside the U.S. accounted for 58.38% of Visa’s global total, up from 57.55%.

For Visa and Mastercard combined, cards issued outside the U.S. accounted for 60.14% of global purchase volume for the first nine months of 2016, down slightly from 60.22% for the same period in 2015.

Purchase transactions on cards issued outside the U.S. accounted for 60.12% of the global total, up from 59.11%.

For Visa and Mastercard combined, cash advance and cash withdrawal volume accounted for 28.51% of global volume, down from 28.93%.

On cards issued outside the U.S., cash accounted for 35.29%, down from 35.69%. For cards issued

in the U.S., cash accounted for 15.07%, down from 15.51%. However, cash on Mastercard cards issued outside of the U.S. increased to 33.00% of its global total, up from 31.19%. As a result, cash accounted for

27.16% of Mastercard’s global volume, up from 25.85%. In comparison, for Visa cash accounted for 29.15% of its global

volume, down from 30.35%.Purchase transaction growth was in the double

digits for all categories (inside the U.S. and outside the U.S. for both Visa and Mastercard), led by a 16.6% increase for Mastercard cards issued outside the U.S., followed by a 14.2% increase for Visa cards issued outside the U.S.

Prior issues: 1095, 1085, 1076

Transactions outside the U.S. accounted for 60.12% of the total.

Customers in the U.S. will automat-ically be enrolled in Masterpass.

Citi Pay Mobile Wallet from page 1...

Mastercard & Visa Outside the U.S. through 3Q ‘16 from page 7...



Europe. Post-merger integration of operations and human resources have been completed, and the migration of Payleven merchants to the SumUp

platform is expected to be completed in the first quarter of 2017. At that time, SumUp’s platform will support 1.1 million merchants in 15 countries, mostly in Europe but also in the U.S., Brazil, and Chile.

SumUp signs contracts directly with merchants. It also provides software development kits for iOS and Android devices that let third parties connect with its end-to-end, EMV-compliant payment platform. An open API provided to partners provides payment processing services to their online merchants on a white-label basis.

Those partners include banks (UBS, Unicredit), resellers (Apple, Staples), corporations (Tupperware), and taxi apps (Hailo and MyTaxi). In addition, some acquirers refer micromerchants to SumUp, which refers larger merchants to them in return.

Revenues are approaching $100 million for the expanded SumUp, which has been cash-flow positive since August of this year. The company does its own underwriting of merchant prospects.

SumUp recently launched a fully integrated wooden cash register (shown here), which holds an Apple iPad and a card acceptance terminal manufactured for

SumUp, which can pop out if the merchant needs to take it to a table for a payment. When in the box, card payments are dipped into a slot on the top. Contactless payments are tapped against an NFC reader mounted on the side. For signatures, the iPad pivots in the box to face the cardholder.

SumUp owns an e-money license in Europe, which allows for direct settlement into Visa and Mastercard. Sponsor banks handle that role in Brazil, Chile, and the U.S. Combined investment in SumUp and Payleven, which is in excess of $120 million, includes funding from BBVA, Holtzbrinck, and American Express.

Daniel Klein is CEO at SumUp in London, U.K.,

44 (20) 3510-0160, [email protected],

www.sumup.com.

Prior issues: 1086, 1064, 1060, 1041, 1028, 1018, 1012

the other’s cards in Visa Checkout and Masterpass wallets. Both companies made tokenization deals for PayPal’s mobile wallet this year. Apple Pay, Android

Pay, and Samsung Pay are other examples of Visa and Mastercard token availability for third-party wallets.

Barry Rodrigues is Head of Global

Digital Payments at Citi in Long

Island City, New York, (718) 248-

1592, [email protected],

www.citi.com.

Migration of Payleven merchants will be completed in the 1Q of 2017.

SumUp Card Processing for Micromerchants from page 1...


http://www.sumup.com

http://www.citi.com

1 American Express U.S. $692.07 2 JPMorgan Chase U.S. $541.88 3 ICBC China $358.88 4 China Construction China $335.37 5 Bank of America U.S. $297.27 6 China Merchants China $281.40 7 Bank of Commun. China $241.59 8 Citibank U.S. $227.97 9 Bank of China China $221.47 10 Capital One U.S. $210.33 11 Agricultural Bank China $178.03 12 China Minsheng China $175.22 13 Ping An China $126.65 14 Discover U.S. $118.44 15 China CITIC China $126.63 16 Wells Fargo U.S. $108.83 17 U.S. Bank U.S. $107.86 18 China Guangfa China $99.91 19 BPCE France $99.63 20 Mitsubishi UFJ Nicos Japan $95.55 21 China Everbright China $93.98 22 Sumitomo Mutsui Japan $93.18 23 Shinhan Card South Korea $77.07 24 RBC Royal Bank Canada $71.99 25 Itau Unibanco Brazil $71.45 26 China Industrial China $71.02 27 Samsung Card South Korea $70.66 28 TD Bank Group Canada $69.21 29 Barclays U.S. $65.43 30 Shanghai Pudong Dev. China $61.46 31 Hyundai Card South Korea $56.85 32 Credit Saison Japan $53.84 33 Commonwealth Bank Australia $51.56 34 KB Kookmin Card So. Korea $49.78 35 Westpac Banking Australia $49.48 36 BNP Paribas France $47.67 37 Barclays U.K. $47.11 38 CartaSi Italy $45.23 39 Synchrony Financial U.S. $42.20 40 HSBC U.K. $41.65 41 Banco do Brasil Brazil $41.39 42 ANZ Banking Group Australia $39.64 43 BMO Canada $39.23 44 USAA U.S. $38.86 45 CIBC Canada $38.70 46 Banco Bradesco Brazil $38.48 47 UC Card Japan $37.05 48 Yapi Kredi Bankasi Turkey $34.29 49 RBS/NatWest U.K. $33.59 50 Garanti Bank Turkey $33.56

51 National Australia Australia $33.55 52 Lotte Card South Korea $32.58 53 IsraCard Israel $31.99 54 Societe Generale France $31.17 55 Aeon Financial Serv. Japan $30.85 56 Woori Card South Korea $30.77 57 Lloyds Banking Group U.K. $30.09 58 PNC Bank U.S. $27.88 59 Comdata U.S. $25.53 60 Tesco Bank U.K. $25.18 61 Banco Santander Brazil $24.92 62 T. Is Bank Turkey $23.54 63 Akbank Turkey $23.08 64 Intesa Sanpaolo Italy $22.87 65 Hua Xia China $22.06 66 Fed. Desjardins Canada $21.74 67 Scotiabank Canada $21.37 68 Cabela’s WFB U.S. $20.78 69 Toyota Finance Japan $20.57 70 HSBC Hong Kong $18.94 71 NongHyup Bank South Korea $18.25 72 Cedyna Financial Japan $18.05 73 KEB Hana Card South Korea $17.89 74 Wex U.S $17.45 75 Leumi Card Israel $17.44 76 Israel Credit Cards Israel $17.13 77 Nordea Sweden, Norway 1 $17.10 78 Industrial Bank South Korea $16.28 79 BBVA Provincial Venezuela $15.90 80 Finansbank Turkey $15.87 81 Airplus Int’l Germany 2 $15.30 82 Banamex (Banco Nac’l) Mexico $14.58 83 First Nat’l of Omaha U.S. $14.42 84 VTB24 Bank Russia $14.30 85 Santander Cards U.K. $14.28 86 Capital One Canada $14.23 87 MBNA U.K. $14.17 88 Hang Seng Hong Kong $14.07 89 Navy FCU U.S. $13.98 90 Citi Australia $13.74 91 President’s Choice Canada $12.84 92 BBVA Bancomer Mexico $12.73 93 Caixa Economica Fed. Brazil $12.46 94 Banesco Venezuela $11.96 95 CaixaCard Spain $11.96 96 Carrefour Banque France 3 $11.92 97 Orient Corporation Japan $11.79 98 TD Bank U.S. $11.49 99 Russian Standard Russia $11.31 100 Banco Occidental Venezuela $11.28

101 Euro6000 Spain $11.15 102 DNB Norway $10.88 103 HDFC India $10.75 104 BBVA Spain $10.60 105 Fifth Third U.S. $10.59 106 ING Netherlands 4 $10.59 107 CTBC Bank Taiwan $10.56 108 Cathay United Taiwan $10.36 109 Credit Suisse Switzerland $10.14 110 SunTrust Bank U.S. $9.73 111 Sberbank Russia $9.49 112 UBS Switzerland $9.39 113 Canadian Tire Canada $8.88 114 DenizBank Turkey $8.72 115 VakifBank Turkey $8.69 116 Alliance Data U.S. $8.68 117 Kasikornbank Thailand $8.68 118 HSBC Turkey $8.67 119 SMBC Trust Japan $8.51 120 BMO Harris U.S. $8.33 121 Commerce Bank U.S. $8.32 122 BB&T U.S. $8.18 123 Maybank Malaysia $8.11 124 Banco Santander Rio Argentina $8.05 125 E. Sun Commercial Taiwan $7.91 126 Landesbank Berlin Germany $7.88 127 Nationwide Building Soc. U.K. $7.81 128 Nat’l Bank of Canada Canada $7.77 129 Citibank Taiwan $7.51 130 Capital One U.K. $7.50 131 JACCS Japan $7.45 132 Bank of Ireland Ireland $7.39 133 Viseca Card Serv. Switzerland $7.33 134 ANZ Bank New Zealand $7.14 135 Bank of New Zealand N.Z. $7.01 136 HSBC France $6.71 137 Banco Galicia Argentina $6.48 138 DZ Bank Germany $6.47 139 HSBC Brazil $6.38 140 Citibank Singapore $6.36 141 Banco Santander Chile $6.25 142 BBVA Frances Argentina $5.99 143 Card Complete Austria $5.97 144 United Overseas Singapore $5.94 145 Absa Bank South Africa $5.89 146 Taishin International Taiwan $5.88 147 ICBA Bancard U.S. $5.85 148 Regions U.S. $5.80 149 TEB Turkey $5.67 150 Emirates NBD U.A.E. $5.63

Purchase volume for calendar year 2015 on Visa, Mastercard, American Express, Diners Club, Discover, UnionPay, JCB, and domestic general purpose consumer and commercial credit and charge cards. American Express and Discover do not include third-party business. 1And Denmark, Estonia, Finland, Latvia, Lithuania. 2Issues cards in 60 countries, mostly in Europe. 3And Belgium, Spain. 4And Belgium, France, Germany, Italy, Luxembourg, Poland, Romania, Spain, Turkey. © 2016 The Nilson Report

Purchase Vol. Purchase Vol. Purchase Vol. Rank Issuer, Country (bil.) Rank Issuer, Country (bil.) Rank Issuer, Country (bil.)

Largest Credit Card Issuers by Purchase Volume & Country 2015



1 Agricultural Bank China $967.25 2 ICBC China $924.07 3 China Construction China $753.08 4 Bank of China China $389.80 5 Bank of America U.S. $290.35 6 Wells Fargo U.S. $287.00 7 Lloyds Banking Group U.K. $219.88 8 JPMorgan Chase U.S. $204.76 9 Credit Agricole France $145.17 10 RBS/NatWest U.K. $143.26 11 Barclays U.K. $131.82 12 Bank of Commun. China $125.89 13 China Merchants China $95.83 14 HSBC U.K. $83.31 15 Credit Mutuel France $77.90 16 Sberbank Russia $73.86 17 BBVA Provincial Venezuela $72.70 18 Santander Cards U.K. $71.33 19 Banesco Venezuela $66.25 20 PNC U.S. $59.30 21 U.S. Bank U.S. $59.06 22 Commonwealth Bank Australia $54.50 23 La Banque Postale France $52.91 24 Hua Xia China $50.52 25 USAA U.S. $46.30 26 ING Netherlands 1 $45.56 27 CartaSi Italy $44.51 28 China Everbright China $41.72 29 Nationwide Building Soc. U.K. $40.62 30 The Bancorp Bank U.S. $39.99 31 Regions Bank U.S. $37.93 32 Nordea Sweden, Norway 2 $36.76 33 TD Bank U.S. $36.17 34 Swedbank Sweden $34.98 35 DNB Norway $34.21 36 China Minsheng China $34.00 37 SunTrust Bank U.S. $32.00 38 China Guangfa China $31.17 39 BB&T U.S. $30.08 40 Navy FCU U.S. $30.04 41 Shanghai Pudong Dev. China $28.55 42 Citibank U.S. $28.41 43 Capital One U.S. $28.40 44 MetaBank U.S. $27.98 45 Fifth Third U.S. $26.71 46 BancoPosta Italy $25.34 47 ABN Amro Netherlands $24.34 48 Banco do Brasil Brazil $23.38 49 Caixa Economica Fed. Brazil $22.92 50 KB Kookmin Card So. Korea $22.03

51 Banco Bradesco Brazil $21.39 52 Itau Unibanco Brazil $21.26 53 CaixaCard Spain $20.96 54 Comerica U.S. $20.33 55 Citizens Bank U.S. $19.80 56 BNP Paribas Fortis Belgium $18.70 57 Bank of Beijing China $18.14 58 Al Rajhi Saudi Arabia $17.43 59 Mercantil Banco Venezuela $17.02 60 ICBA Bancard U.S. $16.69 61 Westpac Banking Australia $16.07 62 Green Dot U.S. $16.06 63 Clydesdale Bank U.K. $15.51 64 Shinhan Card South Korea $14.64 65 CU Settlement Australia $13.70 66 Co-operative Bank U.K. $13.27 67 NongHyup Bank South Korea $13.06 68 Intesa Sanpaolo Italy $12.98 69 PostFinance Switzerland $12.44 70 Banco Santander Brazil $12.26 71 M&T Bank U.S. $12.03 72 BBVA Bancomer Mexico $11.63 73 State Empl. CU (N.C.) U.S. $11.58 74 KeyBank U.S. $11.49 75 BBVA Compass U.S. $11.37 76 OP-Pohjola Group Finland $11.36 77 Danske Bank Denmark $11.01 78 Banco de Venezuela Venezuela $10.57 79 Banco Santander Spain $10.27 80 Allied Irish Ireland $9.91 81 Banamex (Banco Nac’l) Mexico $9.20 82 Bank Central Asia Indonesia $9.20 83 National Australia Australia $9.02 84 Standard Bank South Africa $8.87 85 Bankia Spain $8.71 86 Caixa Geral de Depos. Portugal $8.63 87 UBS Switzerland $8.48 88 Bancaribe Venezuela $8.42 89 Bank of the West U.S. $8.27 90 Huntington Nat’l U.S. $8.24 91 ANZ Banking Group Australia $8.20 92 SEB Kort Sweden $7.83 93 Nat’l Bank of Kuwait Kuwait $7.73 94 BMO Harris U.S. $7.59 95 Santander U.S. $7.53 96 Nat’l Commercial Saudi Arabia $7.52 97 Kuwait Finance House Kuwait $7.47 98 TCF Financial U.S. $7.42 99 Arvest Bank U.S. $7.42 100 BBVA Spain $7.30

101 Banorte Mexico $7.26 102 Raiffeisen Switzerland $7.20 103 HSBC Brazil $6.78 104 Union Bank U.S. $6.64 105 Zions Bancorporation U.S. $6.55 106 Euro6000 Spain $6.51 107 Deutsche Bank Germany $6.50 108 BECU U.S. $6.40 109 Bank Sabadell Spain $6.28 110 KEB Hana Card South Korea $6.15 111 Uralsib Russia $6.12 112 Banco Exterior Venezuela $6.11 113 Banco Occidental Venezuela $6.08 114 PKO Bank Poland $5.94 115 Russian Standard Russia $5.92 116 Alfa-Bank Russia $5.63 117 Alelo Brazil $5.58 118 Bank Mandiri Indonesia $5.55 119 Commerce Bank U.S. $5.47 120 BancoEstado Chile $5.46 121 First Citizens U.S. $5.45 122 BPCE France $5.37 123 UMB Bank U.S. $5.21 124 Bancolombia Colombia $5.07 125 First Niagara U.S. $4.94 126 SBI Card India $4.92 127 Virgin Money U.K. $4.91 128 Banco Santander Mexico $4.89 129 Woori Card South Korea $4.88 130 H&R Block U.S. $4.66 131 Bank Pekao Poland $4.54 132 Ceska Sporitelna Czech Rep. $4.53 133 ANZ Bank New Zealand $4.52 134 People’s United U.S. $4.41 135 Banco BPI Portugal $4.39 136 Bank Zachodni WBK Poland $4.37 137 Absa Bank South Africa $4.20 138 Frost Bank U.S. $4.10 139 Golden 1 CU U.S. $3.94 140 ICICI India $3.88 141 Credit Suisse Switzerland $3.86 142 SchoolsFirst FCU U.S. $3.85 143 VyStar CU U.S. $3.78 144 MB FInancial U.S. $3.78 145 Lansforsakringar Bank Sweden $3.78 146 Associated Bank U.S. $3.72 147 Suncoast CU U.S. $3.67 148 America First CU U.S. $3.67 149 HDFC India $3.66 150 FirstBank (Colo.) U.S. $3.64

Purchase volume for calendar year 2015 on Visa, Maestro, Mastercard, UnionPay, and domestic general purpose consumer and commercial debit and prepaid cards. 1And Belgium, France, Germany, Italy, Luxembourg, Poland, Romania, Spain, Turkey. 2And Denmark, Estonia, Finland, Latvia, Lithuania.

© 2016 The Nilson Report

Purchase Vol. Purchase Vol. Purchase Vol. Rank Issuer, Country (bil.) Rank Issuer, Country (bil.) Rank Issuer, Country (bil.)

Largest Debit Card Issuers by Purchase Volume & Country 2015


The top 10 credit card ranking included 5 issuers from the U.S. that accounted for $1.970 trillion and 5 issuers from China that accounted for $1.439 trillion. The top 150 (see page 10) also included issuers from Japan, South Korea, Canada, the U.K., France, Brazil, Australia, Turkey, and 23 other countries.

The debit card ranking was dominated by issuers from China, with most of the purchase volume

generated by UnionPay cards. The 4 Chinese issuers in the top 10 accounted for $3.034 trillion in purchase volume. The 3 U.S. issuers accounted

for $782.11 billion. The 2 U.K. issuers accounted for $363.14 billion. The 1 issuer from France accounted for $145.17

billion. The top 150 (see page 11) also included issuers from Venezuela, Brazil, Australia, Russia, Italy, and 23 other countries.

pasted in by an automated bot or script as part of a criminal attack. NuData’s platform captures keystroke cadence as well as hundreds of other behavioral biometrics, device and location analytics including the way users interact with an application, the angle at which they hold their device, and its settings. In combination,

these analytics create a passive biometric identification that can be retained to create a historical profile of the user, which can then be deployed to authenticate in real time that person on subsequent online sessions.

Its passive biometric security allows consumers to be identified doing things they have to do to perform online sessions and

card-not-present transactions. There are no interruptive actions. By comparison, physical biometrics involving fingerprints, iris, voice, selfies, etc. all have

at least a little friction tied at least to enrollment and perhaps also to

execution. Friction increases when a second biometric must be used because of a problem with the first or when a single biometric fails and the transaction reverts to username and password.

Early Warning will use NuData’s technology to help secure person-to-person and other transactions. Other customers include 2 of the 5 largest U.S.

banks and 2 of the 10 largest U.K. banks. These customers use NuData to identify valid devices and their users and to stop automated attacks on online sessions by bots and scripts. Large ecommerce merchants and their acquirers have used NuData since 2008 to identify valid buyers versus criminals intent on fraud. Expansion of that work to pass NuData’s signals to issuers to be used in the cardholder authorization request is possible but would involve cooperation of the card networks.Ryan Wilk is Director of Customer

Success at NuData Security in

Vancouver, Canada, (385) 242-5561,

[email protected],

www.nudatasecurity.com.

The debit card ranking was dominated by issuers from China.

...captures keystroke cadence and turns it into customer identification.

Largest Payment Card Issuers Worldwidefrom page 1

NuData Behavioral Biometrics from page 1...


© 2016 HSN Consultants, Inc. THE NILSON REPORT All Rights Reserved. Reproducing or allowing reproduction or dissemination of any portion of this newsletter in any manner for any purpose is strictly prohibited and may violate the intellectual property rights of HSN Consultants, Inc. dba The Nilson Report.

David Robertson, PublisherNovember 30, 2016

http://www.nudatasecurity.com


blockchain and contactless card payments top issuers...

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