payitsimple usa installment payments top issuers in … · top card issuers in asia–pacific the...

10 Top Debit Card Issuers in Asia–Pacific — 2013 10 Top Credit Card Issuers in Asia–Pacific — 2013 11 Top General Purpose/Visa/MasterCard Card Issuers in

Asia–Pacific — 2013

2 – 4 Fast Facts 5 Leather Wallet for iPhone 6

INSIDE CHARTS

RABOBANK MOBILE WALLETRabobank, the second largest issuer of Maestro debit cards in the Netherlands, has partnered with Samsung, the world’s largest manufacturer of mobile phones, to launch the Rabo Wallet.

CARRIER BILLER BOKU EXPANDS

U.S.-based Boku has acquired Germany-based Mopay in an all-stock transaction. The purchase amount was not disclosed. The new company will merge operations and use the Boku brand.

TOP CARD ISSUERS IN ASIA–PACIFICThe Asia–Pacific region’s 50 largest general purpose payment card issuers generated purchase volume of $5.334 trillion in 2013 from 3.21 billion cards. This spending at

GEMALTO OFFERS GLOBAL TSM SERVICE

Over-the-air provisioning to a smartphone of mobile payment and other applications requires providers to have the permission and assistance of their customer’s mobile network operator (MNO),

HEARTLAND’S “OUT OF SCOPE” ACQUIRING

According to Open Security Foundation and Risk Based Security, there were 2,164 data security incidents worldwide in 2013 involving the business, government, medical, and education sectors

PAYITSIMPLE USA INSTALLMENT PAYMENTSMerchants can offer consumers using a credit card at an e-commerce site or the physical point of sale the opportunity to make monthly installment payments through a service

TRANSFIRST ACQUIRED BY PRIVATE EQUITY FIRM

The 12th largest merchant acquirer in the U.S. has been purchased by private equity firm Vista Equity Partners. Terms were not disclosed. The transaction is expected to close by year-end.

VISA EUROPE CARD-LINKED OFFERS

Visa Europe will facilitate card-linked offers between consumers, merchants, and card issuers using back-office technology, data analysis, and mining from EDO Interactive. Within 36 months the

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Top Issuers in Asia–Pacific Ranked by Purchase Volume onGeneral Purpose Cards in 2013

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ISSUER COUNTRY Debit CreditPURCHASE VOLUME ($BIL.)

© 2014 The Nilson Report

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FOR 44 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE OCTOBER 2014 / ISSUE 1050

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Topics include: digital and virtual currencies currently available and on the horizon, alternative currencies, lessons learned from recent law enforcement actions, digital and virtual currencies and FinCEN, evolving state regulatory and enforcement framework governing digital and virtual currencies, money laundering, AML, and OFAC considerations, counter-party issues/solutions and transaction monitoring, consumer protection and safety considerations, securities and investment risk management issues, and digital and virtual currency as securities and investment contracts. Speakers represent: Chamber of Digital Commerce, Citigroup, Conference of State Bank Supervisors, MetaBank, The Bitcoin Foundation, U.S. Department of Justice, U.S. Securities and Exchange Commission, American Express, Consumers Union, U.S. Department of the Treasury, Bitcoin Investment Trust, and more. Cost is $2,295. (Use code TNR300.) Contact Nicole O’Neill at ACI, (212) 352-3220 x5257, [email protected]. Register at www.americanconference.com/virtualcurrency.

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SAVE

TOTAL MERCHANT SERVICES, which provides card payment processing support to more than 100,000 small and midsized businesses, will offer its customers EMV-compliant Ingenico POS terminals as part of its free terminal placement program. Shelley Plomske is VP Product for Total, (747) 888-9000, shelley@ totalmerchantservices.com, www.totalmerchantservices.com. Thierry Denis is President, North America at Ingenico, (678) 456-1200, [email protected], www.ingenico.com.

AMERICAN EXPRESS cardholders enrolled in the Member-ship Rewards program can now use their points in select U.S. McDonald’s restaurants in real time as payment for food and beverages. This capability is expected to roll out to all participating McDonald’s U.S. locations by December 2014. Amy Marino, Director, Digital Partnerships & Development at American Express, (917) 224-9394, [email protected], www.americanexpress.com.

DISCOVER IT and DISCOVER MORE cardholders can sign up to get a 5% Cashback Bonus on up to $1,500 in online shopping and depart-ment store purchases from now through December 2014. Heather Roche is VP of Rewards at Discover, (224) 405-4434, [email protected], www.discover.com.

PHOENIX MANAGED NETWORKS has completed the deployment of VeriFone’s IntelliNAC i6 network access controller for its PCI-compliant network. IntelliNAC has processed as many as 100 million transactions a month for Phoenix customers. Dan Sullivan is Chief Security Officer at Phoenix, (703) 230-7600, dsullivan@ phoenixmanagednetworks.com, www.phoenixmanagednetworks.com. Shan Ethridge is VP & GM, North America Financial Services Group at VeriFone, (770) 754-3432, [email protected], www.verifone.com.

P97 NETWORKS, developer of PetroZone, a cloud-based mobile commerce and behavioral marketing platform used by clients in the convenience store and fuel retailing industry, has formed a partnership with ZipLine (formerly National Payment Card Association), provider of mobile and card-based ACH-based debit card programs for merchants. Stephen Goodrich is CEO at ZipLine, (561) 568-5540, [email protected], www.zipline.biz. Don Frieden is CEO at P97 Networks, (713) 588-4201, [email protected], www.p97.com.

SYNCHRONY FINANCIAL has signed a multiyear agreement to continue providing financing programs, including private label com-mercial and consumer credit card products, to home improvement company Lowe’s. Tom Quindlen is CEO, Retail Card and EVP at Synchrony Financial, (203) 585-6244, tom.quindlen@ synchronyfinancial.com, www.synchronyfinancial.com.

POWA TECHNOLOGIES has integrated its PowaPOS T-Series plat-form with Datacap Systems’ IPTran LT Mobile and PaymentsDrawer product line for mobile POS. Datacap sells its POS products through resellers who are independent software vendors. Justin Zeigler is Mktg. Dir. at Datacap Systems, (215) 997-8989 x132, [email protected], www.datacapsystems.com. Jeff Dumbrell is CEO at Powa-POS, (404) 428-7848, [email protected], www.powapos.com.

CURRENTC, the mobile payment service of Merchant Customer Exchange (MCX), a consortium of merchants who collectively operate 110,000+ locations in the U.S., will integrate with InComm, which maintains connections to a variety of vendors offering prepaid cards, bill payment, membership card discounts, and more. Andy Shober is Chief Sales & Business Development Officer at MCX, (303) 224-0132, [email protected], www.mcx.com. Phil Graves is EVP at InComm, (770) 240-6100, [email protected], www.incomm.com.

HIGHER ONE, a top provider of debit card accounts to college students, hopes to settle class-action litigation with a payment of $15 million. Plaintiffs in five states alleged the company’s fees and marketing practices were predatory. Higher One maintains the allegations are without merit. It wants the settlement to avoid lengthy and costly litigation.

ANOVIA PAYMENTS, a payment service provider, will offer its mer-chant customers Womply’s analytics platform on a white-label basis. Called Anovia Insights, features include revenue and transaction analytics, competitive benchmarking, reputation alerts and monitor-ing, social media monitoring, and more. Cory Capoccia is President at Womply, (661) 993-1174, [email protected], www.womply.com. Kevin Jones is CEO at Anovia Payments, (469) 621-0161, [email protected], www.anoviapayments.com.

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Tobias Schweiger has been appointed COO and CFO at PAY.ON, 49 (89) 452-300, [email protected]. Triet Nguyen has been appointed Managing Director, Corporate and Municipal Credit Solutions Group at NewOak, (212) 209-0775, [email protected]. Greg Stamatis has been appointed President at SecureBuy, (408) 478-9760, [email protected]. Christopher Russell has been appointed CEO at Skrill USA, (646) 738-6921, [email protected]. Scott Dowty has been appointed Chief Revenue Officer at CardConnect, (484) 581-2200, [email protected]. Jean-Marc Thienpont, formerly at Ingenico, has been appointed Managing Director, Point-of-Sale Solutions at Adyen, 31 (20) 240-1240, [email protected]. Allison Guidette has been appointed CEO at G2 Web Services, (425) 749-4040, [email protected]. Bob Guy has been appointed Director of Client Relations and Product at Planet Group, (402) 964-1927, [email protected]. Nadia Dombrowski has been appointed Chief Legal, Risk and Compliance Officer at hyperWALLET Systems, (604) 482-0090, [email protected]. Deborah Heng has been appointed General Manager of Singapore at MasterCard, (65) 6390-6086, [email protected]. Julianne Gordon has been appointed Vice President of Operations and Underwriting at TouchSuite, (561) 886-1925 x1393, [email protected]. Eric Schneider has been appointed Head of Region Business Leader for Asia-Pacific at MasterCard Advisors, (65) 6390-6524, [email protected]. David Atkinson has been appointed EVP of Business Development at Bluepoint Solutions, (760) 410-9000 x21433, [email protected]. John Harpool has been appointed National Sales Manager at U.S. Bank Multi Service Aviation, (832) 486-1011, [email protected]. Josh Gilbert has been appointed Partner at First Annapolis Consulting, (410) 855-8515, [email protected]. Christopher Augustin has been appointed Chief Information Officer at First Data, (212) 515-0284, [email protected]. Don Kissock has been appointed Director of Client Relations at First American Payment Systems, (817) 317-9175, [email protected]. Jordan Harris has been appointed Risk Officer at Oink, (310) 853-1950, [email protected]. Christopher Munz has been appointed Director of Business Development at Mocapay, (207) 415-0109, [email protected]. Barry McCarthy has been appointed Lead, Strategic Business at First Data, (404) 890-2220, [email protected]. Greg Wooton has resigned as CEO at SecureBuy. Ernie Coward has been appointed CEO at SecureBuy, (408) 478-9760, [email protected]. Wayne Ostrander has been appointed VP of Business Develop-ment at Total-Apps, (949) 274-8975, [email protected].

MANAGEMENT CHANGES

PROCESOS DE MEDIOS DE PAGO, the MasterCard acquirer in Peru, will provide EMV-compliant mobile point-of-sale terminals from VeriFone to its merchant customers. Hiper S.A. is VeriFone’s partner in Peru. Fernando Lopez is EVP of Latin America at VeriFone, (305) 671-6561, [email protected], www.verifone.com. Augusto Pflucker is General Manager at Procesos de Medios de Pago, 51 (1) 213-1610, [email protected], www.mc.com.pe.

STATE BANK in Mongolia will begin issuing JCB brand debit cards in the spring of 2015. They will be the first JCB cards issued in Mongolia. D. Batsaikhan is CEO at State Bank, (976) 9911-3729, [email protected], www.statebank.mn.

GEMALTO will provide EMV-complaint private label fleet cards to AS24, a subsidiary of Total Group. The fleet cards are accepted at AS24’s network of EMV terminals in 750 fuel stations in 27 countries. Gemalto will also handle card personalization. Philippe Cambriel is President Europe, Mediterranean, and CIS at Gemalto, 33 (1) 5501-5500, [email protected], www.gemalto.com.

Asia/Pacific, United States, Europe, Latin America, Middle East/Africa, and Canada

Also lists 265 Merchant Acquirers from 65 countries in all world regions

New for 2014

90 pagesFigures include cards in circulation and spending for more than

920 credit & debit card issuersfrom 116 countries in all world regions

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© HSN Consultants, Inc. 2014 THE NILSON REPORT 3OCTOBER 2014 / ISSUE 1050 / THE NILSON REPORT

GLOBAL PAYMENTS has acquired Ezidebit for $277.6 million (AU$305 million). Ezidebit is a processing company focused on recurring pay-ment verticals in Australia and New Zealand. It markets through a network of software vendors and via direct channels to select vertical markets. Global Payments handles payments from merchants in the Americas, Europe, and Asia-Pacific. Mac Schuessler is President, International Business at Global Payments, (770) 829-8240, [email protected], www.globalpaymentsinc.com.

BRD GROUPE SOCIÉTÉ GÉNÉRALE in Romania has deployed nearly 2,000 IP/GPRS point-of-sale terminals and external PIN pads from Spire Payments. The devices comply with PayPass 3.x. and PayWave 2.1.1 contactless/NFC requirements. The de-vice application was delivered in 10 weeks and supports all the existing BRD value-added applications. Kazem Aminaee is CEO at Spire Payments, 352 (26) 976-782, kazem.aminaee@ spirepayments.com, www.spirepayments.com. Marian Iordanescu is Head of Merchant Acquiring at BRD, 40 (21) 301-6501, [email protected], www.brd.ro.

MEONTRUST, a venture-funded company based in Finland, promises a 3-D Secure service to protect mobile purchases that is much faster than legacy systems. MePIN, available for iOS and Android, is integrated with a payment card issuer’s banking app, and the MePIN server. It uses Public Key Infrastructure (PKI), as well as a simple tap, PIN entry, or a fingerprint swipe. Markku Mehtala is CEO at MePIN/Meontrust, 358 (44) 704-6130, [email protected], www.mepin.com.

TOTAL PAYMENTS ASIA 2014: October 28-29, 2014. The Grand Millennium Sukhumvit Bangkok, Bangkok, Thailand. Estimated attendance: 300. The cost for the two-day conference is $1,785 (standard) and $985 (government, retailers, banks, and telcos). Subscribers to The Nilson Report will receive a 20% discount. (Use code SZQZ.) Contact Christine Lee at Terrapinn, (65) 6322-2301, [email protected]. Register at www.terrapinn.com/tpasia2014.

CARD & MOBILE EXPO EAST AFRICA 2014: October 29-30, 2014. The Hilton Hotel, Nairobi, Kenya. Estimated attendance: 200. Cost for the two-day conference is free. Contact Stella Arome, 234 (80) 341-2725, [email protected] or Uwana, 234 (701) 473-9939, [email protected]. Registration is via email only. For more information about the conference visit www.cardandmobileexpoeastafrica.com.

CARTES 2014 PARIS: November 4-6, 2014. The Paris Nord Villepinte Exhibition Centre, Paris, France. Estimated attendance: 20,000+. Cost for the three-day conference is $2,190. Subscribers to The Nilson Report will receive a 20% discount. (Use code PPARIS14). Contact Sarah at Comexposium, 33 (1) 7677-1474, [email protected]. Register at http://badge.cartes.com/.

ENGAGEMENT & EXPERIENCE EXPO 2014: November 10-12, 2014. The Renaissance Dallas Hotel, Dallas, Texas. Estimated attendance: 400. Cost is $1,799 for vendors and $850 for brands (full conference). Subscribers to The Nilson Report will receive a 20% discount. (Use code NILSONEE20.) Contact Carly Stemmer at Loyalty360, (513) 800-0360 x115, [email protected]. Register at www.engagementexpo.com.

CARDFORUM – CARDSESSION 2014: November 12, 2014. The Archa Theatre, Prague, Czech Republic. Estimated attendance: 300. Cost for the one-day conference is $253 (€200 not including VAT). Contact Roman Kotlan, Managing Director, at Bank Card Association (BCA)/Sdruzeni pro bankovni karty (SBK), 420 (604) 727-501, [email protected]. Register at www.cardforum.cardzone.cz.

7TH CENTRAL EUROPEAN ELECTRONIC CARD WARSAW 2014 (CEEC 2014): November 26-27, 2014. The Novotel Centrum Hotel in Warsaw, Poland. Estimated attendance: 350. Cost for the two-day conference is $470. Contact Kama Milewska at Medien Service, 48 (22) 7173-795 or 48 (507) 199-793, [email protected]. Register at www.conkarta.pl.

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TRIONIS, which provides debit and credit card gateway access to POS and ATM acquirers with more than 86,000 ATMs in Europe, South America, and Australia, will build a gateway that gives acquirers in Europe connection to the JCB payment network. The gateway will be available in the first quarter of 2015. Osamu Hino is SVP, Head of Sales and Marketing, Europe at JCB, 81 (3) 5778-8372, [email protected], www.jcbcorporate.com. Ernst Verbeek is CEO at Trionis, 32 (2) 663-0219, [email protected], www.trionis.com.

CHINA CITIC BANK will issue the China CITIC JCB Ultimate Card to upscale customers. Ultimate Card is the highest status JCB product in a portfolio that includes standard, gold, and platinum cards. Koichiro Wada is SVP of Sales & Marketing, Asia-Pacific at JCB, 81 (3) 5778-8373, [email protected], www.jcbcorporate.com. Ann Lee is General Manager of Credit Card Center at China CITIC Bank, 86 (0075) 3690-3481, [email protected], www.cncbinternational.com.

DIGITAL RIVER has added Klarna Invoice to its portfolio of online payment options in Austria, Denmark, Finland, Germany, Norway, Sweden, and the Netherlands. Klarna now uses Digital River World Payments to process cards and online transfers through its payment gateway. In 2013, Digital River processed more than $30 billion in online transactions. Klarna Invoice lets consumers buy items online and pay for them by invoice or in installments. Max Emilson is Director of Global Partner Solutions at Klarna, 46 (70) 001-2789, [email protected], www.klarna.com. Souheil Badran is SVP at Digital River, (952) 225-3736, [email protected], www.digitalriver.com.




from PayItSimple USA. Neither PayItSimple nor participating merchants assume any credit risk.

Cardholders make their decision to utilize installment payments, including how many months for full pay back, before the transaction is sent for

authorization by PayItSimple. Neither PayItSimple nor the

merchant assesses any finance charge for the installment payment plan.

After receiving approval from the Visa or MasterCard issuer for the entire amount, PayItSimple subsequently contacts the issuer, advising it to bill the cardholder only for the first installment amount.

Visa and MasterCard credit card authorizations stay in effect for up to 30 days. PayItSimple’s platform will contact the card issuer toward the end of that time to request a new authorization and to bill for the second installment payment. That process continues each month until the final installment has posted to the cardholder’s account.

If a consumer pays for all other purchases on their credit card account in full every month, including the installment amount, they will pay no finance charge to their issuer for the installment purchase. If the consumer makes the installment payment while already in the revolving payment cycle, or

enters the cycle at any point, they will pay whatever finance charge rate their issuer assesses for all other revolving charges.

Merchants stand to gain new sales as well as upgrades to bigger ticket items by offering installment payments because consumers can buy products and services that were likely unaffordable if payment in full were required up front or if they had to pay finance charges on the items.

Merchants do not pay any set up or monthly fee for PayItSimple. They do pay a per-transaction fee to PayItSimple on top of the fee they pay card issuers.

PayItSimple never holds any money from the installment payments. Its platform merely sends requests to the issuers.

PayItSimple owns two U.S. patents on its process and has patents pending in Europe. The company, which was founded in Israel, has received $4.3 million in angel funding and is

working on a $10 million round of venture funding. U.S. acquirers and gateways already signed to

participate with PayItSimple, including offering it to their merchants, include Visa-owned Authorize.net, Chase Paymentech, Elavon, First Data, Global Payments, Heartland, TSYS, and WorldPay. By year-end 2014 another 30 payment gateways are expected to have committed to PayItSimple.Stacy Fassberg is VP of Marketing at PayItSimple USA

in New York, (914) 294-3507, [email protected],

www.payitsimple.com.

Mujjo offers a slim, vegetable-tanned leather case with suede-lined interior to protect the new Apple iPhone 6. A leather case will soon be available for the iPhone 6 Plus. Two payment cards and a driver’s license can fit into an integrated pocket, giving users an opportunity to use the leather case to replace conventional wallets.

Openings in the wallet case expose the volume rockers, headphone jack, and Lightning connector.

Wallets are available in tan and black. They can be purchased at the company’s website and shipped worldwide.

Mujjo’s first product was a leather sleeve for the iPhone 4. The company is looking to sell its products through retail store locations worldwide by way of agents, distributors, and retail chains. Remy Nagelmaeker is Founder at

Mujjo in Venlo, the Netherlands, 31

(77) 850-8935, remynagelmaeker@

mujjo.com, www.mujjo.com.

Owns two U.S. patents and has patents pending in Europe.


PAYITSIMPLE USA INSTALLMENT PAYMENTS from page 1...

LEATHER WALLET FOR IPHONE 6

http://www.payitsimple.com

http://www.mujjo.com

Both companies link to mobile network operators and landline carriers to provide consumers

with a payment option for buying virtual items (games) and digital goods (music, video). The Boku/Mopay combination creates an even bigger footprint for Boku. It was already the largest carrier biller based on the number of consumers it reaches and the number of countries in which it can operate. Through a combination of direct links to carriers and connections through

telecom industry aggregators, Boku can reach more than 4 billion consumers in more than 80 countries.

Competing carrier-billing companies include Zong (owned by PayPal), Danal, Bango, and Fortumo.

Merchants that use carrier billing tend to be large enterprises. Boku’s merchant clients include Facebook, Electronic Arts, Sony, and Spotify. Mopay’s client list is complementary and features top game publishers. In business since 2000, Mopay handles more than 5 million payments monthly.

New merchants are signed by Boku and Mopay through direct sales efforts and partnerships with third parties including card payment gateways.

Carrier billing appeals to consumers who don’t have a card account or who are reluctant to use a card for online purchases. Top markets for carrier billing are Japan, Korea, Germany, and Scandinavia. Carriers set per-transaction and monthly spending limits in the $200 range. Single purchases range up to $50. Carriers assume all credit risk.

Sellers of virtual and digital goods remain a growth market for carrier billers. The newest opportunity is in physical goods including tickets, vending, and magazine subscriptions.

Boku has a one-click service for payments from mobile devices. It is also the first carrier biller to obtain an e-money license in the European Union, which it plans to use for selling physical

which takes time and money. Allynis Trusted Services Hub from Gemalto is a turnkey service that lets financial institutions as well as transport operators,

digital service providers, and others securely deploy their apps using a single connection to

Gemalto to reach more than 40 MNOs worldwide. There is no need to have contractual relationships with individual MNOs.

More than 30 financial institutions, transit operators, and others already link to the hub including American Express, Orange, Vodafone, NTT Docomo, and Softcard (formerly Isis).

Multinational companies in particular benefit from Allynis, which creates economies of scale that can be passed on to users.

Over 1.5 billion mobile users worldwide are covered by Gemalto’s contracts with MNOs, and more than 100 million SIM cards have already received application credentials from the hub, which operates

from platforms in France, the U.S., and Singapore. Gemalto earns revenue on a per-user and per-service basis.

Allynis can handle future configurations including Embedded Secure Elements (eSE), which are becoming available in some handsets, and Trusted Execution Environment (TEE) hardware/software systems, which will be running inside next-generation mobile devices.

The hub, which is operated from Gemalto’s certified, secure data centers, also supports the provisioning of tokens within EMVCo Payment Tokenization Specifications.

Jean-Claude Deturche is Senior VP at Gemalto in

Meudon Cedex, France, 33 (1) 5501-5000, jean-claude.

[email protected], www.gemalto.com.

Prior issues: 1,042, 1,039, 1,035, 1,032, 1,030, 1,028,

1,022, 1,021, 1,020, 1,018, 1,017, 1016, 1,014

Also supports provisioning tokens within EMVCo specifications.


CARRIER BILLER BOKU EXPANDS from page 1

GEMALTO OFFERS GLOBAL TSM SERVICE from page 1...

http://www.gemalto.com


among others. Breaches involving U.S. entities accounted for 48.7% of all incidents but had a 66.5% share of the 822 million records that were exposed

including records for payment cards, email addresses,

login credentials, social security numbers, and other personal information.

The number of breaches discovered by year-end is expected to be higher than last year. Events already reported in the U.S. alone have involved JPMorgan Chase, Target, Home Depot, Kmart, and Dairy Queen.

The steady stream of revelations involving breaches of merchants’ databases have accelerated the efforts of acquirers, processors, and gateway providers to significantly diminish the degree to which their card data is exposed at the point of sale, particularly at outlets owned by large and midsized merchants. The term being used for remediating exposure is “out of scope” as applied to PCI DSS compliance.

Some vendors offer a partial service, which can include offering only encryption or only tokenization at the point of sale. A third option is hosting a Web page for e-commerce.

Heartland, the fifth largest U.S. acquirer based on transactions processed, is the most aggressive company when it comes to pursuing out-of-scope acquiring. It markets a comprehensive payment card data-protection program that involves encryption, EMV terminals, and tokenization, believing that no part of the process should be left exposed.

Heartland’s program, called Heartland Secure, encrypts all card data immediately at no extra cost to its merchants. Participating merchants are also given a warranty against expenses incurred from a data breach. MasterCard has deployed Heartland Secure in its cafeterias.

Heartland Secure includes an encrypting read head for both mag-stripe and EMV chip card transactions. EMV transactions need to be encrypted because EMVCo and card network specifications allow for card data to be sent in the clear to the merchant or acquirer CPU that communicates with the POS terminal.

Heartland encryption technology can cover payments made at terminals as well as those initiated by a Web browser whether initiated by a swipe, insert,

tap, or key entry. So far, 82,000 EMV chip and/or mag-stripe card readers in the U.S. use Heartland’s E3 end-to-end encryption

service. Heartland says E3 can reduce a merchant’s PCI-compliance costs by up to 73%.

Heartland Secure’s token service substitutes a token for the payment card’s account number —16 digits to match the number of digits in Visa, MasterCard, or Discover primary account numbers and 15 digits to match American Express. Merchants can store the token rather than the active personal account. Tokenization reduces the number of system components for which PCI DSS requirements apply.

Once large and midsized merchants embrace EMV, encryption, and tokenization, a shrinking number will be the target of fraudsters.Robert Carr is CEO at Heartland in Princeton, New

Jersey, (609) 683-3831, [email protected],

www.heartlandpaymentsystems.com.

goods, initially in the U.K. Boku has connections to U.K. mobile network operators Telefonica U.K. (O2), EE, and Vodafone. First sales will be for transit tickets and magazines.

Both Boku and Mopay are venture-funded companies. Boku

investors include Andreessen Horowitz, Benchmark Capital,

DAG Ventures, and Khosla Ventures. Mopay’s investors were

T-Venture Mobile, DFJ Espirit, and Holtzbrinck Ventures. Ray Ramillosa is VP, Marketing at

Boku in San Francisco, California,

(415) 793-2127, [email protected],

www.boku.com.

Prior issues: 1,018, 1,012, 1,004,

1,001, 999, 997, 994, 993, 991, 990,

988, 986, 979, 965, 964, 960

Data protection involves encryp-tion, EMV terminals, and tokens.

First carrier biller to obtain an e-money license in the EU.


HEARTLAND’S “OUT OF SCOPE” ACQUIRING from page 1...

http://www.heartlandpaymentsystems.com

http://www.boku.com

Point-of-sale transactions will be NFC-based. Maestro card account details will be stored in the embedded Secure Element (SE) of participating Samsung Galaxy S4 and Note 3 phones. Over-the-air provisioning of card account details to the SE will be provided by Giesecke & Devrient.

About 106,000 of Rabobank’s customers use S4 and Note 3 phones, representing 1.5% of its 7.1 million Maestro card customers.

Rabobank expects Rabo Wallet to drive NFC-based terminal adoption among the 56,000+ merchants in the Netherlands with which it owns card-processing contracts. Between 11% and 13% of the 300,000 POS terminals in the Netherlands are equipped to accept NFC payments right now. Rabobank merchant card processing contracts cover nearly half of the country’s terminal base.

Merchants will be offered discounts on processing fees if they upgrade. NFC-based terminals will automatically be provided to newly signed

merchants and to those who renew contracts.

Most payments made using

the Rabo Wallet will be for

purchases below $32 (€25) and

will not require a PIN. Samsung currently holds

around 60% of the market of new phones sold in the Netherlands. However its newest device, the S5, does not include an SE. With Secure Element-based mobile payments uncertain for future Samsung devices, Rabobank is looking at cloud-based technology such as Host Card Emulation software to sidestep the problem of relying on hardware controlled by either smartphone

manufacturers or mobile network operators. Michiel Helmer is Senior Product

Manager of e-Commerce

at Rabobank in Utrecht, The

Netherlands, 31 (40) 217-7334,

[email protected],

www.rabobank.com.

partners expect to support card-linked offers in 12 countries. By that time EDO will have 95 employees in Europe.

Visa Europe will launch with one client in the U.K. in the fourth quarter

of this year. EDO will replicate in Europe most of what it does in the U.S., including linking servers to Visa Europe’s network, but there will be a significant difference. In the U.S.,

EDO signs both the issuers and the merchants. In Europe, Visa Europe will handle both of those jobs. Essentially, EDO is providing its platform to Visa

Europe on an SaaS basis, earning revenue mostly on redemption performance.

Cards issued by financial institution members of Visa Europe generate over 15% of all personal consumption expenditures in Europe measured against all other payment cards, cash, and checks. Visa card purchase volume at the point of sale grew last year by 9.2% to $1.860 trillion. That was twice the purchase volume of MasterCard, American Express, and Diners Club combined.Crispin Rogers is Director, Targeted Marketing Solutions

at Visa Europe in London, U.K., 44 (207) 937-8111,

[email protected], www.visaeurope.com.

The EDO platform, which includes a pool of more than 40 million credit and debit cards in the U.S., will

Rabobank was initially involved in a joint venture called Sixpack that involved two bank competitors, ABN Amro and ING, and three mobile network operators (MNOs) — KPN, Vodafone, and T-Mobile. Sixpack aimed to deploy NFC wallets that used SIMs to store payment card credentials. That project was abandoned in the second quarter of 2012, and Rabobank was not able to reach an agreement with any of the MNOs regarding access to the SIMs they controlled on Android handsets. In response, the bank decided to partner with Samsung and store payment card credentials in the Secure Element controlled by the device manufacturer.Visa and mobile network operator Vodafone have had a global mobile payment partnership since 2012 in which prepaid card credentials are stored in a SIM. Their SmartPass service was launched in the Netherlands in March of this year. Wirecard is the Visa issuer.

SE versus SIM


RABOBANK MOBILE WALLET from page 1

VISA EUROPE CARD-LINKED OFFERS from page 1...

http://www.rabobank.com

http://www.visaeurope.com


merchants included both consumer and commercial credit, debit, and prepaid card products. Cards carried the UnionPay, Visa, MasterCard, American Express, JCB, Diners Club, and Maestro

brands. Also included in the rankings were domestic-only credit and debit card brands in India, Indonesia, the Philippines, South Korea, Taiwan, and Thailand.

The ranking of the general purpose card issuers was dominated by China, which placed 8 of the top 10. China had the highest purchase volume with $4.078 trillion. That spending came from 2.76 billion cards.

However, average annual spending per card was low at $1,477. Purchase volume on cards issued in China came overwhelmingly from the UnionPay network. It accounted for 89.2% of the

general purpose card purchase volume from the listed Chinese issuers.

Japan had 9 issuers on the top general purpose card list including 1 in the top 10. Purchase volume from Japanese issuers totaled $415.24 billion from 170.6 million cards. Average annual spending per card was $2,434.

South Korea had 10 issuers on the list. Purchase volume for those 10 amounted to $411.52 billion from 157.1 million cards. Average annual spending per card was $2,620.

Australia had 6 issuers on the list including 1 in the top 10. Purchase volume for those 6 amounted to $321.92 billion from 38.9 million cards. Average annual spending per card at $8,269 was the highest in the region.

Issuers from Hong Kong, India, Indonesia, Malaysia, New Zealand, the Philippines, Taiwan, and Thailand ranked on at least one of the three top 50 lists.

The 50 largest general purpose card issuers measured by only Visa and MasterCard purchase volume collectively generated $1.373 trillion in spending from 430.0 million cards. Issuers from China accounted for purchase volume of $439.23 billion from 122.4 million cards, followed by issuers from Japan with $337.28 billion from 135.0 million cards, issuers from

be offered on an exclusive basis in Europe by Visa Europe, whose member banks in 37 countries have issued approximately 500 million payment cards.

EDO operates on the Visa and MasterCard networks in the U.S. Of the top 10 U.S. bank card issuers, 6 use its service. They can give their cardholders access to offers from 1,000 retailers.

Merchants want to find new customers and connect to the EDO platform where they use advertising funds to subsidize discounts in the 20% range to targeted prospects.

EDO’s data analytics engine enables merchants to target cardholders who fit the profile they seek based on their prior spending. With the right offer, those cardholders tend to generate larger than average purchase amounts. In large part because EDO’s platform generates offers that are relevant.

Part of the merchant’s advertising funds are used by EDO for marketing support. Merchants can receive help with product selection, budgets,

and goals, as well as choice of artwork and other marketing materials. When a campaign is in progress, EDO tracks its performance, which lets merchants modify their offers.

EDO offers are connected directly to a consumer’s credit or debit card. Consumers receive offers online

or through mobile apps. There are no paper or mobile coupons to redeem to receive the discount. EDO’s platform can also

send a thank you email or text on behalf of an issuer.Ed Braswell is CEO at EDO in Nashville, Tennessee,

(615) 297-6080 x110, [email protected],

www.edointeractive.com.

Prior issues: 1,030, 1,026, 1,016, 1,005, 1,003, 969

Annual spending per card of $8,276 was highest in Australia.

Can also send a thank you email or text on behalf of an issuer.

> see p. 12


TOP CARD ISSUERS IN ASIA–PACIFIC from page 1...

http://www.edointeractive.com

Purchase Purch. 2013 Volume Cards Vol. Rank Issuer, Country (mil. $U.S.) (000) per Card

1 ICBC China $295,679.5 88,050 $3,358 2 China Construction Bank China $210,169.7 52,020 $4,040 3 Bank of China China $159,804.3 41,899 $3,814 4 China Merchants Bank China $148,219.8 51,210 $2,894 5 Agricultural Bank of China China $126,556.7 44,388 $2,851 6 Bank of Communications China $121,831.0 30,200 $4,034 7 Mitsubishi UFJ Nicos Japan $108,558.3 29,842 $3,638 8 Sumitomo Mitsui Card Japan $96,005.6 22,990 $4,176 9 China Everbright Bank China $93,405.8 20,014 $4,667 10 China Minsheng Bank China $92,116.6 17,402 $5,294 11 Ping An Bank China $84,539.4 13,810 $6,122 12 Shinhan Card South Korea $76,186.1 22,091 $3,449 13 China CITIC Bank China $74,401.7 20,779 $3,581 14 China Guangfa Bank China $71,794.6 27,930 $2,571 15 Samsung Card South Korea $68,806.3 14,617 $4,707 16 Credit Saison Japan $66,176.2 37,890 $1,747 17 Commonwealth Bank Australia $62,282.7 4,470 $13,933 18 Westpac Banking Corp. Australia $51,899.8 4,745 $10,938 19 ANZ Banking Group Australia $51,373.8 3,859 $13,313 20 KB Kookmin Card South Korea $51,004.0 13,088 $3,897 21 China Industrial Bank China $48,474.7 11,953 $4,055 22 Hyundai Card South Korea $47,438.4 10,164 $4,668 23 UC Card Japan $39,032.6 14,850 $2,628 24 Nat’l Australia Bank Australia $36,540.9 2,894 $12,625 25 Aeon Financial Serv. Japan $34,753.4 22,240 $1,563 26 Woori Card South Korea $30,248.7 5,834 $5,185 27 Cedyna Financial Japan $24,364.3 19,675 $1,238 28 Toyota Finance Japan $23,916.5 11,550 $2,071 29 Lotte Card South Korea $21,303.0 8,078 $2,637 30 Shanghai Pudong Develop. China $19,424.5 13,431 $1,446 31 NongHyup Bank South Korea $19,416.6 3,796 $5,115 32 Hana SK Card South Korea $18,273.8 6,236 $2,931 33 HSBC Hong Kong $17,662.3 4,167 $4,239 34 Industrial Bank of Korea South Korea $15,573.9 6,857 $2,271 35 Citi Australia $15,343.4 1,257 $12,205 36 Orient Corporation Japan $13,523.8 10,559 $1,281 37 Hang Seng Hong Kong $11,825.9 2,435 $4,858 38 Hua Xia Bank China $11,674.5 4,200 $2,780 39 CTBC Bank Taiwan $10,646.8 6,599 $1,613 40 KEB Card South Korea $10,103.9 2,872 $3,519 41 Citi Cards Japan $8,912.8 1,107 $8,761 42 Cathay United Bank Taiwan $7,861.0 4,305 $1,826 43 Bank of New Zealand New Zealand $7,805.2 770 $10,139 44 Maybank Malaysia $7,788.3 1,501 $5,188 45 Citibank Taiwan $7,515.5 2,783 $2,701 46 HDFC India $7,108.5 5,071 $1,402 47 Kasikornbank Thailand $7,009.0 3,146 $2,228 48 ANZ Bank New Zealand $6,977.3 825 $8,457 49 JACCS Japan $6,356.6 6,406 $992 50 E. Sun Commercial Bank Taiwan $6,169.3 3,499 $1,763

Credit Card Issuers in Asia–Pacific

Visa, MasterCard, UnionPay, American Express, JCB, Diners Club, and general purpose domestic consumer & commercial credit and charge cards.


Purchase Purch. 2013 Volume Cards Vol. Rank Issuer, Country (mil. $U.S.) (000) per Card

1 Agricultural Bank China $815,360.0 637,000 $1,280 2 ICBC China $563,212.5 489,750 $1,150 3 China Construction Bank China $517,104.0 532,000 $972 4 Bank of China China $264,765.2 302,589 $875 5 Bank of Communications China $99,508.5 94,770 $1,032 6 China Merchants Bank China $89,705.1 83,235 $1,078 7 Commonwealth Bank Australia $59,664.6 9,113 $6,547 8 Hua Xia Bank China $43,721.7 25,425 $1,720 9 China Everbright Bank China $36,105.3 46,890 $770 10 China Minsheng Bank China $29,513.5 38,329 $770 11 Shanghai Pudong Develop. China $25,090.7 27,361 $917 12 KB Kookmin Card South Korea $17,315.0 18,992 $912 13 China Guangfa Bank China $16,741.8 23,580 $710 14 Bank of Beijing China $15,132.2 20,176 $750 15 Credit Union Settlement Australia $14,376.7 1,470 $9,782 16 Westpac Banking Corp. Australia $13,572.8 5,851 $2,320 17 Shinhan Card South Korea $13,539.4 11,653 $1,162 18 NongHyup Bank South Korea $11,426.8 12,823 $891 19 ANZ Banking Group Australia $8,711.7 2,461 $3,540 20 Bank Central Asia Indonesia $8,426.0 16,750 $503 21 Nat’l Australia Bank Australia $6,515.7 2,109 $3,089 22 ANZ Bank New Zealand $5,107.0 1,646 $3,103 23 Woori Card South Korea $4,173.0 5,116 $816 24 Hana SK Card South Korea $3,994.0 8,550 $467 25 Bank Mandiri Indonesia $3,585.9 14,893 $241 26 State Bank of India India $3,039.3 114,005 $27 27 ICICI India $2,649.5 21,331 $124 28 HDFC India $2,421.1 17,427 $139 29 Maybank Malaysia $1,632.5 4,503 $363 30 Axis Bank India $1,360.6 13,359 $102 31 Samsung Card South Korea $1,254.8 3,493 $359 32 KEB Card South Korea $1,201.9 2,218 $542 33 Kasikornbank Thailand $1,120.9 8,904 $126 34 Heritage Bank Australia $1,080.2 978 $1,105 35 Citibank India $805.4 1,782 $452 36 Bangkok Bank Thailand $749.0 14,044 $53 37 SC Korea Bank South Korea $678.3 1,867 $363 38 Bank Negara Indonesia Indonesia $501.9 10,596 $47 39 BPI Philippines $475.3 4,557 $104 40 Siam Commercial Bank Thailand $459.0 8,409 $55 41 Punjab Nat’l Bank India $432.5 24,064 $18 42 Union Bank of India India $392.5 11,446 $34 43 CTBC Bank Taiwan $388.3 1,790 $217 44 Bank of Baroda India $315.6 12,735 $25 45 Citi Australia $315.1 555 $568 46 Citi South Korea $307.7 569 $541 47 IDBI India $282.9 6,098 $46 48 Canara Bank India $273.5 13,321 $21 49 Krungthai Bank Thailand $269.0 5,630 $48 50 Bank of India India $262.2 16,106 $16

Debit Card Issuers in Asia–Pacific

Visa, Visa Electron, MasterCard, Maestro, UnionPay, and general purpose domestic consumer & commercial debit and prepaid cards.




GENERAL PURPOSE CARD RESULTS VISA AND MASTERCARD RESULTS 2013 ‘13 Purch. Vol. ‘13 Total Vol. ‘13 Cards ‘13 Purch. Vol. ‘13 Total Vol. ‘13 Cards Issuer, Country Rank (mil. $U.S.) Rank (mil. $U.S.) Rank (000) Rank (mil. $U.S.) Rank (mil. $U.S.) Rank (000)

Agricultural Bank China 1 $941,916.7 1 $1,034,161.6 1 681,388 24 $16,379.2 30 $19,535.2 36 7,990ICBC China 2 $858,892.0 2 $944,086.0 3 577,800 6 $61,141.9 8 $67,481.5 3 28,176China Construction Bank China 3 $727,273.7 3 $817,336.6 2 584,020 1 $131,222.0 1 $140,862.8 4 26,780Bank of China China 4 $424,569.5 4 $471,231.0 4 344,488 14 $38,162.0 16 $41,681.5 27 10,056China Merchants Bank China 5 $237,924.9 5 $253,292.2 5 134,445 31 $11,553.0 39 $12,515.7 82 2,407Bank of Communications China 6 $221,339.5 6 $241,136.0 6 124,970 5 $72,379.1 6 $77,821.2 12 16,006China Everbright Bank China 7 $129,511.1 9 $136,413.7 8 66,904 29 $11,748.3 40 $12,408.7 63 4,003Commonwealth Bank Australia 8 $121,947.2 7 $186,708.8 35 13,583 3 $85,454.7 3 $104,739.6 34 8,387China Minsheng Bank China 9 $121,630.1 10 $127,598.6 9 55,731 28 $13,225.2 37 $14,299.8 72 3,306Mitsubishi UFJ Nicos Japan (1) 10 $108,558.3 13 $111,432.6 15 29,842 4 $80,333.2 5 $82,460.1 9 22,083Sumitomo Mitsui Card Co. Japan 11 $96,005.6 14 $96,885.2 19 22,990 2 $96,005.6 4 $96,885.2 7 22,990Shinhan Card Co. South Korea 12 $89,725.5 11 $119,590.6 13 33,744 8 $58,134.3 7 $74,350.7 10 18,322China Guangfa Bank China 13 $88,536.4 15 $93,111.5 10 51,510 39 $8,714.2 47 $9,712.7 66 3,631Ping An Bank China 14 $84,539.4 16 $86,372.2 34 13,810 36 $9,903.5 45 $10,492.4 93 1,963China CITIC Bank China 15 $74,401.7 20 $76,129.5 23 20,779 11 $41,977.9 15 $42,785.5 30 9,285Samsung Card South Korea 16 $70,061.1 17 $81,524.8 26 18,111 17 $28,690.1 21 $35,215.6 29 9,401KB Kookmin Card South Korea 17 $68,319.1 18 $77,678.1 14 32,080 16 $29,118.7 20 $35,445.2 42 6,544Credit Saison Japan (1) 18 $66,176.2 21 $69,887.0 12 37,890 10 $48,937.3 12 $51,802.4 2 28,224Westpac Banking Corp. Australia 19 $65,472.6 19 $77,663.3 47 10,596 7 $58,907.0 10 $63,007.7 37 7,988ANZ Banking Group Australia 20 $60,085.5 22 $65,508.5 57 6,320 9 $56,697.2 11 $62,120.1 47 5,869Hua Xia Bank China 21 $55,396.2 24 $59,597.2 16 29,625 69 $3,024.0 88 $3,145.0 122 1,008China Industrial Bank China 22 $48,474.7 27 $49,469.2 40 11,953 34 $10,375.2 44 $10,810.3 71 3,347Hyundai Card South Korea 23 $47,696.3 25 $53,297.8 46 10,755 18 $27,603.7 23 $30,966.6 59 4,238Shanghai Pudong Develop. China 24 $44,515.3 28 $48,720.5 11 40,792 40 $8,375.5 48 $9,243.5 64 3,970National Australia Bank Australia 25 $43,056.6 29 $45,265.2 68 5,004 12 $40,668.9 14 $42,855.5 57 4,572UC Card Japan 26 $39,032.6 30 $39,478.7 31 14,850 13 $39,032.6 17 $39,478.7 15 14,850Aeon Financial Service Co. Japan 27 $34,753.4 32 $36,593.3 21 22,240 19 $24,464.4 25 $25,749.6 13 15,539Woori Card South Korea 28 $34,421.7 31 $38,343.4 44 10,950 15 $34,404.4 18 $38,319.2 25 10,946NongHyup Bank South Korea 29 $30,843.3 34 $35,820.4 28 16,620 60 $3,885.5 80 $4,182.0 103 1,655Cedyna Financial Corp. Japan 30 $24,364.3 36 $29,670.2 24 19,675 21 $18,148.9 28 $22,039.8 18 14,453Toyota Finance Corp. Japan (1) 31 $23,916.5 41 $24,147.5 41 11,550 22 $17,758.0 32 $17,864.2 32 8,816Hana SK Card South Korea 32 $22,267.8 40 $24,664.4 32 14,786 27 $13,571.9 35 $15,185.1 33 8,806Lotte Card South Korea 33 $21,303.0 37 $29,157.4 52 8,078 20 $20,519.8 24 $28,336.1 38 7,981Bank of Beijing China 34 $18,651.8 43 $20,728.5 22 22,137 93 $1,053.9 133 $1,086.5 148 475HSBC Hong Kong 35 $17,662.3 45 $19,300.4 74 4,167 23 $17,658.8 31 $19,296.7 61 4,157Credit Union Settlement Serv. Australia 36 $15,695.9 42 $23,582.1 111 1,615 37 $9,691.5 46 $9,929.6 105 1,615Citi Australia 37 $15,658.5 47 $16,520.9 106 1,812 26 $13,924.3 36 $14,737.2 104 1,619Industrial Bank of Korea South Korea 38 $15,573.9 44 $20,252.4 54 6,857 25 $15,573.9 29 $20,252.4 41 6,857Orient Corporation Japan 39 $13,523.8 50 $14,842.8 48 10,559 33 $10,417.7 42 $11,495.7 40 7,690ANZ Bank New Zealand 40 $12,084.4 48 $16,055.5 91 2,471 45 $7,479.3 52 $8,106.5 97 1,866Hang Seng Hong Kong 41 $11,839.8 53 $12,124.9 92 2,465 30 $11,670.6 41 $11,939.5 87 2,227Bank Central Asia Indonesia 42 $11,819.5 8 $154,321.7 25 19,215 78 $2,132.8 108 $2,138.3 112 1,235KEB Card South Korea 43 $11,305.8 52 $14,309.4 66 5,089 35 $10,177.6 38 $13,104.7 54 4,742CTBC Bank Taiwan 44 $11,035.1 54 $11,306.5 51 8,389 32 $10,739.9 43 $11,006.8 39 7,902HDFC India 45 $9,529.6 33 $36,059.4 20 22,497 38 $9,511.8 19 $36,041.1 8 22,467Maybank Malaysia 46 $9,420.8 55 $9,593.4 60 6,005 46 $7,171.5 57 $7,310.1 50 5,611Citi Cards Japan 47 $8,912.8 56 $9,122.4 126 1,017 77 $2,183.8 106 $2,282.0 157 368Kasikornbank Thailand 48 $8,129.9 23 $64,649.9 39 12,050 41 $8,129.9 9 $64,649.9 21 12,050Cathay United Bank Taiwan 49 $7,949.9 60 $8,050.8 69 4,835 42 $7,779.9 53 $7,878.4 56 4,715Bank of New Zealand New Zealand 50 $7,841.9 58 $8,354.2 130 859 43 $7,635.5 51 $8,140.4 126 840General purpose: Visa, MasterCard, UnionPay, Maestro, American Express, JCB, Diners Club, and domestic general purpose consumer & commercial credit, debit, and prepaid cards. Visa/MasterCard results exclude Maestro and cards that carry only the Plus or Cirrus brands or domestic-only brands. (1) V/MC estimated. © 2014 The Nilson Report

Top General Purpose/Visa/MasterCard Card Issuers Asia–Pacific


TransFirst has been owned by another private equity firm, Welsh Carson Anderson & Stowe (WCAS), since 2007.

TransFirst handles card and other payments from more than 200,000 merchants. Almost all merchants are small to midsized.

Last year TransFirst handled 465 million payment card transactions valued at $48 billion. Among nonbank acquirers in the U.S., TransFirst is seventh largest.

Other investments made by Vista Equity Partners in

the payment industry include Misys Financial Software, which purchased Custom Credit Systems and IND Group earlier this year.

Once the TransFirst sale is completed, WCAS will be out of the payment industry. It had previously sold various other

payment industry investments via private transactions including Alliance Data Systems, Card Establishment Services, Comdata,

GlobalCollect, Harbridge Merchant Services, and Ruesch

International. Paycom Software was sold by WCAS through an initial public offering.

As a result of these sales, including those scheduled to be completed, WCAS will have distributed to its investors $5.82

for every $1.00 of capital called since January 1, 2013.

Prior issues: 1,040, 1,038, 1,036,

1,032, 1,029, 1,026, 1,015, 1,013,

1,003, 1,000, 995, 994, 990, 967, 949,

948, 940, 930, 911, 907, 880, 862,

825, 709, 701, 657, 655, 635, 628,

611, 607

Australia with $265.34 billion from 30.0 million cards, and issuers from South Korea with $241.68 billion from 79.5 million cards.

Asia–Pacific’s 50 largest credit card issuers generated purchase volume of $2.654 trillion from 760.3 million cards. This was an average of $3,491 per card annually. China issuers accounted for $1.558 trillion in credit card purchase volume from 437.3 million cards, followed by Japan with $421.60 billion from 177.0 million cards, South Korea with $358.35

billion from 93.6 million cards, and Australia with $217.44 billion from 17.2 million credit cards.

Asia–Pacific’s 50 largest debit card issuers generated purchase volume of $2.709 trillion from 2.75 billion cards. This was an average of $984 per card annually. China issuers accounted for $2.516 trillion in debit card purchase volume from 2.32 billion cards, followed by Australia with $104.24 billion from 22.5 million debit cards, and South Korea with $53.89 billion from 65.3 million cards.

Among nonbank acquirers in the U.S., TransFirst is seventh largest.

CONTACTS

WCAS Jonathan Rather is General Partner in New York, New York, (212) 893-9570, [email protected], www.welshcarson.com.

TransFirst John Shlonsky is CEO in Hauppauge, New York, (631) 840-6970, [email protected], www.transfirst.com.

Vista Equity Partners Kara Hollis is Analyst in Chicago, Illinois, (312) 229-9508, [email protected], www.vistaequitypartners.com.


© 2014 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, PublisherOct 15, 2014

TRANSFIRST ACQUIRED BY PRIVATE EQUITY FIRM from page 1

TOP CARD ISSUERS IN ASIA–PACIFIC from page 9...

http://www.welshcarson.com

http://www.transfirst.com

http://www.vistaequitypartners.com


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