FOR 46 YEARS, THE LEADING PUBLICATION...

4 Investments & Acquisitions October 2016 6 U.S. General Purpose Cards 3Q YTD ‘16 9 Largest Credit Card Portfolios Worldwide 2015

10 – 11 Top Card Issuers in Latin America

2 – 3 Fast Facts 4 Investments &

Acquisitions — October 2016

5 Ingenico Handheld POS Device

INSIDE CHARTS

Top Card Portfolios Worldwide

The 150 largest issuers of credit cards based on outstanding receivables at year-end 2015 are listed on page 9. Outstandings were tied to American Express, Diners Club, Discover, JCB, Mastercard, UnionPay, Visa, and domestic general purpose credit cards.

Top Card Issuers in Latin AmericaThe 50 largest general purpose payment card issuers in the Latin America and Caribbean region ranked by spending for goods and services collectively accounted for $767.41 billion in purchase volume in 2015. They issued 734.3 million credit, debit, and

Allpago PSP Covering Latin AmericaGiving global merchants access to ecommerce customers in Brazil, Mexico, Colombia, Argentina, and Chile (soon) — countries that account for 85% of all online sales in Latin America — is the business of allpago. The payment service provider (PSP) has direct

U.S. General Purpose Cards through 3Q 2016General purpose credit and debit cards issued in the U.S. generated $3.800 trillion in purchase volume of goods and services for the first nine months of 2016, up 7.7% over the first nine months of 2015. Purchase volume on credit cards of $2.244 trillion grew by

Connected Cars and CardsIt is expected that more than 200 million automobiles worldwide will have embedded connectivity to the internet by 2020, making them part of the internet of things (IoT). When tied to a payment account, connected cars offer opportunities to multiple parties.

Credit Plug-in for Retailers’ Mobile AppsThe largest issuer of private label cards in the U.S., Synchrony Financial, has introduced a plug-in its retailer customers can add to their mobile apps that lets private label credit cardholders manage their card accounts as well as shop and redeem rewards. JCPenney

Software-Defined Wide Area NetworksDiebold Nixdorf provides software, hardware, and services to the 10 largest gasoline retailers in the world, companies including Shell, BP, Chevron, and Total. These and all large retail fuel sellers face challenges associated with upgrading their hardware-based

> see p. 12

> see p. 7

> see p. 5

> see p. 8

> see p. 6

> see p. 12 > see p. 9

VISIT US ONLINE AT WWW.NILSONREPORT.COM

FOR 46 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE NOVEMBER 2016 / ISSUE 1098

© 2016 HSN Consultants, Inc. THE NILSON REPORT

http://www.nilsonreport.com

1 VISIT US ONLINE AT WWW.NILSONREPORT.COM Order Back Issues / Preview Upcoming Conferences / View Newsletter Archive

Conferences & Seminars

9th Central European Electronic Card 2016 (CEEC 2016): December 7-8, 2016. The Novotel Centrum Hotel, Warsaw, Poland. Estimated attendance: 350. Cost for the two-day conference is $492. Contact Kama Milewska at Medien Service, 48 (22) 7173-795 or 48 (507) 199-793, [email protected]. Register at www.conkarta.pl.

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.

THE FEDERAL TRADE COMMISSION has joined the U.S. Department of Justice’s Antitrust Division in an amicus brief filed by the Solicitor General in the cases of Visa Inc., et al. v. Osborn and Visa Inc., et al. v. Stoumbos, Nos. 15-961 and 15-962, pending before the U.S. Supreme Court. The FTC’s amicus brief urges the court to affirm the U.S. Court of Appeals for the District of Columbia Circuit, which held that the plaintiffs’ complaints adequately alleged an agreement among defendants Visa and Mastercard and their client banks, and reversed a district court ruling hold-ing otherwise. The Visa and Mastercard rules in question, adopted when they were member-owned associations, prohibit ATM operators, including banks, from offering dis-counted ATM access fees to consumers who use debit cards linked to other networks, such as STAR, Pulse, and NYCE, that are cheaper to use.

G&D and RITTENHOUSE PAYMENT SOLUTIONS will bring a prepaid smart wristband to the event organizer market. Scott Marquardt is President, U.S. Mobile Security at G&D, (703) 480-2000, [email protected], www.gi-de.com. Todd Wrubel is CEO at Rittenhouse Payment Solutions, (615) 312-8203, todd@ rittenhousepayments.com, www.rittenhousepayments.com.

U.S. DEPARTMENT OF JUSTICE (DOJ) lost a decision in the U.S. Court of Appeals for the Second Circuit on September 26, 2016, over American Express’s “non-dis-crimination” provisions that prohibit merchants from asking for a card brand other than an Amex card. The DOJ has petitioned that same appellate court for a reconsideration of their decision either by the three judges who issued the earlier verdict or by all of that court’s 11 active judges.

MARQETA, which provides its card issuer customers with an open API processing platform, offers Instant Issuance technology that allows cards or tokens to be added directly into a mobile wallet without any cardholder action, such as taking a photo of their card or inputting the account number. Jason Gardner is CEO, (510) 779-3021, jgardner@ marqeta.com, www.marqeta.com.

EXXONMOBIL has given Wex a 10-year extension of its North American fleet card contract. The deal includes Imperial Oil in Canada. Wex oversees all aspects of the commercial card programs in the U.S. and Canada, including transaction processing and other support services as well as sales and marketing activities. Melissa Smith is CEO at Wex, (207) 523-7643, [email protected], www.wexinc.com.

U.S. PAYMENTS FORUM has released a white paper called “Optimizing Transaction Speed at the POS.” It provides details on faster EMV solutions, contactless/NFC transactions, and EMV checkout optimization. The paper can be downloaded at http://www.emvconnection.com/optimizing-transaction-speed-at-the-point-of-sale/.

THE U.S. SUPREME COURT will hear an appeal to a New York state law barring retailers from imposing surcharges on customers who make purchases with a credit card. Merchants filed the appeal in response to a 2nd U.S. Circuit Court of Appeals decision of September 2015, which upheld New York state law. Nine U.S. states that collectively account for more than 50% of the country’s population have laws that ban surcharges on purchases using credit cards.

THE FEDERAL TRADE COMMISSION has filed charges against prepaid card company NetSpend, a subsidiary of TSYS, in U.S. District Court for the Northern District of Georgia. The complaint alleges that NetSpend claims in marketing materials and on its website that consumers who purchase the NetSpend card can “use it today,” will have “immediate access,” that their money is “always available,” and that they have “guaranteed approval” for the card. The FTC alleges many consumers did not receive access to the funds as promised. Consumers must go through an identity verification process before the card can be activated, and many people have difficulty satisfying this legal require-ment. Many consumers could not access their funds for weeks, or at all, and suffered severe financial hardship. The FTC wants “refund of monies paid, disgorgement of ill-gotten monies, and other equitable relief.”

FAST

FACT

S

November 2016

ISSUE 1098

No paid

advertising.

No sponsored

content of

any kind. Ever.

It is never

permissible for

subscribers to

forward or print

this issue. Doing so

violates copyright

laws.



http://www.emv-connection.com/optimizing-transaction-speed-at-the-point-of-sale/

ZEBIT offers interest-free installment credit to finance electronics, appliances, furniture, toys, auto repair, and other purchases from the Zebit Market, which carries brands including Apple, JCPenney, Whirlpool, Lowe’s, GE, and thousands more. Marc Schneider is President at Zebit, (858) 348-8802, [email protected], www.zebit.com.

CLARIFICATION: In issue #1097, we said that ACI Worldwide customers in the U.K., TransferWise and Turkish Bank, will benefit from a partnership ACI has with VocaLink. In fact, those customers will not utilize any technology ACI receives from VocaLink.

EURO 6000, a bank association in Spain, will offer its financial institution members Spire Payments’ SPm20 mPOS device. The mobile payment app is downloaded to a merchant’s smartphone or tablet to support Visa, Master-card, Maestro, Visa Electron, V-Pay, and JCB card payments. Luis Alvarez-Cascos Paredes is Director of Marketing at Euro 6000, 34 (91) 596-5142, [email protected], www.euro6000.com. Kazem Aminaee is CEO at Spire Payments, 34 (91) 722-7700, [email protected], www.spirepayments.com.

BANK SAINT PETERSBURG in Northwest Russia has opened its 7,100 POS terminals and 700 ATMs to JCB cards. Takashi Suetsugu is General Manager at JCB Int’l (Eurasia), 7 (495) 647-1036, takashi.suetsugu@ jcbeurasia.ru, www.ru.jcb/ru. Rudanovskiy Pavel is Head of Acquiring Development and Card Products Unit at Bank Saint Petersburg, 7 (812) 329-5000, [email protected], www.bspb.ru.

RABOBANK in the Netherlands has renewed its cardholder account processing agreement with TSYS, which will also now provide fraud and risk management as well as customer service through TSYS Managed Services EMEA. Erik Wekema is VP Cards at Rabobank, 31 (30) 216-6517, erik. [email protected], www.rabobank.com. Rob Hudson is Int’l Group Executive at TSYS, 44 (1904) 562-025, [email protected], www.tsys.com.

AMERICAN EXPRESS offers cardholders in Canada the option of installment credit on select purchases. American Express Installments permits paying for larger purchases in equal monthly installments. Instead of being charged interest, cardholders are charged a fee ranging from 2% to 5% based on the length of the installments they choose - 3, 6, or 12 months. Sarah deGruchy is Director, Proprietary Lending Products and Portfolio Management, (437) 836-6009, [email protected], www.americanexpress.com.

PAYSAFE, which offers omnichannel services to merchants that enable payment cards and ACH payment acceptance through its PCI-DSS compliant payment gateway, now provides value-added resellers, independent software vendors, and software as-a-service customers with EMV-ready, mobile point-of-sale devices from Handpoint. Danny Chazonoff is COO at Paysafe, (514) 380-2720, [email protected], https://processing.paysafe.com/en/.

SEAMLESS has obtained a Notice of Allowance (patent application #14347742) from the United States Patent and Trademark Office for its SEQR mobile payment solution. Approval of the patent is expected within three months. Peter Fredell is CEO, 46 (8) 5648-7824, peter.fredell@ seamless.se, www.seamless.se.

VERIFONE and ATIO GROUP will jointly offer integrated payment technology to Mexico’s petroleum retailers. There are more than 11,000 filling stations in Mexico. The agreement combines ATIO’s Control Gas POS system with Verifone’s Commander Site Controller. Pablo Gualdi is CEO at ATIO Group, 52 (55) 5001-5100, [email protected], www.atiogroup.com. Dan Yienger is SVP and General Manager of Petroleum at Verifone, (727) 953-4016, [email protected], www.verifone.com.

PRIME VISTA SOLUSI, Wirecard’s subsidiary in Indonesia, will provide NFC-based point-of-sale acceptance to large retailers. Prima Vista is working with Finnet Indonesia and Telekomunikasi Selular to support the acceptance of TCASH, a digital wallet product of Telkomsel. Widhayati Darmawan is Managing Director at Prima Vista Solusi, 62 (21) 8370-9520, [email protected], www.wirecard.com.

Safdar Khan has been appointed Division President for Indonesia, Malaysia, and Brunel at Mastercard, 60 (3) 6209-9208, [email protected]. Nick Samurkas has been appointed Chief Operations Officer at Moneris Solutions, (416) 734-1218, [email protected]. Karmin Ahmad has been appointed Head of Global Product and Innovation at TSYS, (697) 297-4335, [email protected]. Ivo Distelbrink has been appointed Executive Vice President, Head of Asia Pacific Region at First Data, (65) 6511-8708, [email protected]. Krzysztof Fidura has been appointed Country Manager, Poland at Cardtek Group, 90 (850) 277-6767, [email protected].

Management Changes

MERCHANT PAYMENTS ECOSYSTEM 2017 (MPE)

Three-Day ConferenceFebruary 14-16, 2017The InterContinental BerlinBerlin, Germany

Topics include: European Instant Payments, Apple Pay, NFC, FinTech & RegTech, SmartPOS, mobile and online payments, and local and crossborder acquiring. Speakers represent: Samsung Pay, UBER, Computop, Visa, Holland Fintech, Verifone, Carrefour Group, ACI Worldwide, Worldpay, DeliveryHero, BSH Home Appliances Group, Neste, Nobly POS, and more. Cost is $2,200. (Use discount code

MPE_NR.) Contact Natalia Ivanis, Head of Event Production at Empiria Events, 421 (917) 802-770, natalia.ivanis@ empiriagroup.eu. Register at www.merchantpaymentsecosystem.com.

Featured Conference

Subscribers to The Nilson Report will receive a 20% discount. 20%

SAVE

© 2016 HSN Consultants, Inc. THE NILSON REPORT 3NOVEMBER 2016 / ISSUE 1098 / THE NILSON REPORT

Below is a list of 56 mergers, acquisitions, and corporate financing deals that occurred in 15 countries in October. They bring the total number of transactions we’ve identified during the first 10 months of 2016 to 459 in 53 countries.

Those deals involved credit cards, prepaid cards, mobile payments, social payments, loyalty programs, money transfers, payment processing, bill

payment, card manufacturing, merchant acquiring, software providers, ecommerce platforms, biometric authentication, person-to-person payments, business-to-business payment platforms, credit bureaus, data analytics, debt collection, telecom billing, bill presentment, fraud protection, and cryptocurrency.

Prior issues: 1096, 1094, 1092, 1090, 1088, 1086, 1084

Investments & Acquisitions — October 2016

ATM PROCESSING

DCPayments Cardtronics 1 $459.7 U.K. First Data ATMs DirectCash Payments 1 $42.1 Australia YourCash Europe Euronet 1 * U.K. BILL PAYMENT

DST Billing Solutions Hansen Technologies 1 * U.K. BIOMETRIC AUTHENTICATION

Safran Advent International 1 $2,660.0 France ValidSoft management buyout $3.0 U.K. CARD MANUFACTURING

Emperor Technology IPO 2 * China CREDIT CARD

Citi Banco Santander Rio1 * Argentina Citi Itau Unibanco1 * Brazil Williams-Sonoma Alliance Data 3 * U.S. CRYPTOCURRENCY

BT Technology Safello 1 * U.S. Coins Series A 4 $5.0 U.S. Factom Series A 5 $4.2 U.S. Hypr venture round 6 $3.0 U.S. ECOMMERCE

Mozu Kibo 1 * U.S. Plati Potom Qiwi 1 * Cyprus Returnly seed funding 7 $3.2 U.S. FRAUD PROTECTION

Feedzai undisclosed round 8 * U.S. Ravelin undisclosed round 9 $3.8 U.K. Veridu undisclosed round 10 $1.4 U.K. LENDING

Affi rm lending facility 11 $100.0 U.S. Financeit undisclosed round 12 $17.0 Canada iwoca Series C 13 $26.3 U.K. KountMoney Lendingkart 1 * India Lendio undisclosed round 14 $20.0 U.S. Monzo undisclosed round 15 $6.0 U.K. LOYALTY

360insights undisclosed round 16 $30.0 Canada

Giftxoxo/Frogo.in Mahindra Group 17 * India Paribus Capital One 1 * U.S. Perkbox Series A 18 $3.1 U.K. Personal Shopper IBM 1 * U.S. Swipii undisclosed round 19 $2.5 U.K.

MERCHANT ACQUIRING

AEVI undisclosed round 20 $10.0 Germany Alpha Payments Cloud undisclosed round 21 * Ireland Ascend undisclosed round 22 * Thailand BillingTree undisclosed round 23 * U.S. China UnionPay Merch. Serv. undisclosed round 24 $295.0 China iTransact Group Payroc 1 * U.S. nanoPay Series A 25 $10.0 Canada Pay by Group seed funding 26 $3.4 U.S. PayCommerce Series B 27 $22.0 U.S. PaySimple undisclosed round 28 $115.0 U.S. Stripe undisclosed round 29 * U.S. MONEY TRANSFER

Cringle equity crowd funding $0.9 Germany Remitly equity/debt 30 $38.0 U.S. PREPAID CARDS

EPS Financial Meta Financial 1 $42.5 U.S. PROCESSING

Conekta Series A 31 $6.6 Mexico IbanFirst undisclosed round 32 $11.1 Belgium Payoneer Series E 33 $180.0 U.S. Verse Technologies Series A 34 $8.3 U.S. SECURITY

SecureKey undisclosed round 35 $20.6 Canada SOCIAL PAYMENTS

Plynk seed funding 36 $0.8 IrelandSOFTWARE

BT Expedite Aptos 1 * U.K. Flypay undisclosed round 37 $4.1 U.K. Retail Tech. Experts Retail Info. Tech. Enter. 1 * U.S. TouchBistro Series B 38 $17.0 U.S.

*Terms not disclosed. 1Acquisition. 2Sold 13.3 mil. shares on the Shenzhen Stock Exchange. 3Purchased co-brand and private label card portfolios. 4From Accion. 5Led by Tim Draper. 6Led by Kirill Sheynkman. 7Led by Index Ventures. 8Led by Citi Ventures. 9Led by Amadeus Capital. 10From Global Risk Technologies. 11From Morgan Stanley. 12Led by The Pritzker Organization. 13Led by Commerzbank. 14Led by Comcast. 15Led by Passion Capital. 16Led by Sageview Capital. 17Purchased a 12% stake. 18From Draper Esprit. 19Including Global Founders Capital. 20Led by

Adveq. 21From First Quay Capital. 22From Ant Financial. 23From Parthenon Capital Partners. 24From Everbright-IDG. 25Led by Goldman Sachs. 26Led by SparkLabs Glob-al. 27Led by Tritium Partners. 28From Providence Strategic Growth. 29From Sumitomo Mitsui Card. 30From IFC and Silicon Valley Bank. 31From Femsa, Jaguar Ventures, and Variv Capital. 32From Pierre-Antoine Dusoulier. 33Led by Technology Crossover Ventures. 34Led by Greycroft Partners. 35From six banks in Canada. 36Led by Bank of Ireland. 37From Just Eat. 38Led by BDC IT Venture Fund. © 2016 The Nilson Report

AmountCompany Buyer/Investor (mil.) Country

AmountCompany Buyer/Investor (mil.) Country

Investments & Acquisitions October 2016



The largest POS terminal manufacturer in the world is offering merchants iSMP Companion, a mobile point-of-sale (mPOS) device that accepts all payment methods including EMV-compliant chip & PIN card, magstripe card, and contactless NFC. The iSMP4, which offers an illuminated EMV slot, can be connected with a tablet or smartphone via Wi-Fi, Bluetooth, and physical pairing options. It supports both integrated and semi-integrated configurations.

Key features include a 2.8-inch backlit color display to provide a successful user experience even in bright outdoor light, long-lasting 2000mAh battery, and 1D/2D commercial-grade barcode scanner for

checkout. It also supports barcode and QR code-based mobile payments. The device is compatible with any iOS, Android, Windows, or Linux-based tablet. Its universal enclosure for 8-inch tablets enables one-handed use and supports Apple, HP, Samsung, Dell, and other OEM devices. There

are various docking options (power & communications) and

storage options including single-bay docks, multibay docks, stands, and holsters. Certifications for the iSMP4 include PCI PTS 4.x, Interac, APCA (CECS), FCC, UL/IC, EMV Level 1 and Level 2, EMV Contactless Level 1, PayPass 3.0.2, Visa payWave 2.1.3, Visa Wave 3.1.3, ExpressPay 3.0, CUP qUICS, EPAL, and Discover Zip. Jacques Guérin is EVP, Smart Terminals & Mobile

Solutions at Ingenico Group in Paris, France, 33

(1) 5801-8000, [email protected],

www.ingenico.com.

and Dick’s Sporting Goods are among the first users. Card account management

features include viewing balance and purchase activity, checking available credit, and making payments. Everything is done with a smartphone. Currently, no retailer clients use the Synchrony plug-in (SyPi) for in-app or in-store purchases.

SyPi, which is branded with the retailers’ service marks, was created by Synchrony and

GPShopper, a mobile commerce platform provider with 10 years of experience creating mobile apps.

GPShopper has also done work

for Alliance Data and

MoneyGram. It can build a mobile app from scratch or augment a retailer’s existing app by providing a software development kit (SDK) to an in-house development team. The SDK offers hundreds

of features. Strategic consulting is also available.

Synchrony customers need less than an hour to add the code to their systems to integrate SyPi with their mobile app.

GPShopper can provide its platform to private label card issuers anywhere in the world. In addition to card account

management and commerce features, GPShopper’s SDK and/or plug-in can also support

...can connect to a tablet or smart-phone via Wi-Fi or Bluetooth.

Synchrony customers need less than an hour to add the code.

Ingenico Handheld POS Device

> see p. 6

Credit Plug-in for Retailers’ Mobile Appsfrom page 1...


http://www.ingenico.com

7.9% and accounted for 59.04% of all spending. Debit card purchase volume of $1.557 trillion grew by 7.5% and accounted for 40.96% of all spending. Debit card figures include prepaid cards.

Visa’s share of combined credit and debit card purchase volume increased to 58.18% from 56.83% for the first three quarters of the prior year. Mastercard’s share slipped to 25.73% from 25.75%. American Express’s share dropped to 13.75% from 14.96%. Discover’s share slid to 2.34% from 2.46%.

Credit card cash advances of $78.23 billion accounted for 3.37% of total credit card volume, up from 3.34%. Cash withdrawals of $499.07 billion on debit cards accounted for 24.28% of total debit card volume, down from 24.64%.

Combined credit and debit card purchase transactions totaled 66.50 billion for the first nine months of 2016, an increase of 9.6% or 5.81 billion more than in the first nine months of

2015. Purchase transactions on credit cards were 24.94 billion, up 11.0%. Purchase transactions on debit cards of 41.55 billion increased by 8.7%. Debit cards generated 62.49% of all purchase transactions, down from 62.99%.

The average amount of a credit card purchase transaction declined to $89.95 from $92.55. The average debit card amount

declined to $37.46 from $37.89.

Visa credit cards generated 55.21% of credit card purchase transactions for the first nine months of 2016, up 215 basis points from 53.06% for the same period in 2015. Mastercard’s share of debit card purchase transactions increased by 35 basis points to 29.18%.

When measuring combined credit and debit card purchase transactions, Visa’s market share grew by 50 basis points to 64.97%, and Mastercard’s share grew by 10 basis points to 27.07%. American Express and Discover lost market share.

Prior issues: 1092, 1080

in-app and in-store purchases including QR code, barcode, and NFC. It also offers a menu of customizable features from the GPShopper platform including social network, push notifications, and beacon technology for campaigns and in-store messaging.

Maya Mikhailov is CMO at GPShopper in Chicago,

Illinois, (917) 593-6782, [email protected],

www.gpshopper.com.

Tom Quindlen is CEO, Retail Card Business at

Synchrony Financial in Stamford, Connecticut, (203)

585-6244, [email protected],

www.synchronyfinancial.com.

Visa’s share of purchase volume increased to 58.18% from 56.83%.

U.S. General Purpose Cards 3Q YTD ‘16 vs. 3Q YTD ‘15 Dollar Volume (bil.) Purch. Trans. Brand Total Chg. Purchases Chg. Cash Chg. (bil.) Chg.

Visa Credit $1,163.33 13.3% $1,119.60 13.5% $43.73 8.6% 13.77 15.5%

American Express Credit $526.00 –1.0% $522.41 –1.0% $3.59 5.9% 3.74 0.8%

Mastercard Credit $535.83 7.3% $512.86 7.1% $22.97 10.0% 5.88 9.8%

Discover Credit $96.88 3.1% $88.94 2.5% $7.95 10.0% 1.56 4.8%

CREDIT CARD TOTALS $2,322.04 8.0% $2,243.81 7.9% $78.23 9.0% 24.94 11.0%

Visa Debit & Prepaid $1,444.92 6.8% $1,091.45 7.2% $353.47 5.6% 29.43 8.2%

Mastercard Debit & Prepaid $610.75 7.4% $465.15 8.2% $145.60 4.8% 12.12 10.0%

DEBIT CARD TOTALS $2,055.67 7.0% $1,556.60 7.5% $499.07 5.4% 41.55 8.7%

CREDIT & DEBIT TOTALS $4,377.71 7.5% $3,800.41 7.7% $577.30 5.9% 66.50 9.6%

Visa Totals $2,608.24 9.6% $2,211.05 10.3% $397.20 5.9% 43.20 10.4%

Mastercard Totals $1,146.58 7.3% $978.01 7.6% $168.57 5.5% 18.00 10.0%

VISA & MC TOTALS $3,754.82 8.9% $3,189.06 9.5% $565.76 5.8% 61.20 10.3%

Includes all consumer and commercial credit, debit, and prepaid cards. Figures are for January 1 through September 30 (year to date, or YTD). American Express and Discover include business from third-party issuers. Figures include PIN-based debit fi gures for Visa (Interlink) and Mastercard to match their reporting. © 2016 The Nilson Report

U.S. General Purpose Cards through 3Q 2016from page 1...

Credit Plug-in for Retailers’ Mobile Appsfrom page 5...


http://www.gpshopper.com

http://www.synchronyfinancial.com


One group includes service providers such as parking space companies, fuel sellers, location-based offers providers, and quick

service restaurants (QSRs). Another group is sales

channels such as car manufacturers and car rental companies. A third group includes

payment networks — card and ACH. A

fourth group includes marketplaces needed to

connect service providers to both cars and cardholders. A fifth group includes transaction handlers that provide application programming interfaces (APIs) to service providers to be used to pass all necessary information (location ID, pump ID, and more) from the point of sale to the marketplaces.

Proof of concepts (POC) related to payments for goods and services from connected cars have involved SAP, Visa, ZipLine (an ACH debit card provider), Volkswagen, Toyota, Honda, Seat, and other car manufacturers. Now Mastercard, IBM, General Motors and its OnStar subsidiary have announced they will have an end-to-end service in a year.

While several use cases have been identified, business cases have yet to be established. One challenge is that a purchase tied to a connected car requires the involvement of members from each of the five groups mentioned above.

The first intersection between connected cars and payment cards was a 2014 test of SAP Vehicles Network’s marketplace involving Verifone, Toyota, and Rotten Robbie, a regional gasoline retailer

that offers its customers an ACH debit card from ZipLine. That test involved a single fuel outlet where drivers could unlock the pump and pay for gas from their cars.

In November 2014, SAP conducted a test in Hanover, Germany, with Volkswagen Mobility Card customers that included reserving and paying for parking spots and paying for gas at Shell stations.

Visa, Pizza Hut, and Accenture announced in March 2015 a POC for mobile and online payments from connected cars. The test included Visa Checkout (Visa’s online payment service), cellular

connectivity, Bluetooth low energy, and Beacon technology. Pizza Hut store clerks in a single outlet were alerted when a customer arrived to pick up an order. The test lasted three months.

In October 2015, DocuSign announced it had worked on a connected car project with Visa. The POC involved DocuSign’s Digital Transaction Management

platform and eSignature technology. Consumers sat in a car in a showroom and used its in-dash management system to select the lease option they preferred and signed it, registered the car’s identity using the bitcoin blockchain, chose an insurance option, linked a Visa card to pay for the lease, insurance, and all future automated toll expenses, vehicle maintenance, music

downloads, parking, and more. Visa is an investor in DocuSign.

In February 2016, Visa announced its token service would be made available to auto manufacturers, and it offered them assistance with Bluetooth and QR codes to support mobile and online card payments from their cars. Visa also announced it worked with Honda and ParkWhiz to develop apps for fuel and parking payments from connected cars. Both apps included the Visa Token Service and Visa Checkout.

At that same conference, SAP announced a partnership with Samsung and Seat, a Spanish car manufacturer, focused on digital keys for cars, as well as parking and other payment services.

Mastercard, IBM, and GM will have an end-to-end service in a year.

> see p. 8

Connected Cars and Cardsfrom page 1...


connections to the banks and acquirers in those countries that enable it to offer ubiquitous card and alternative payment acceptance to a combined 110 million ecommerce shoppers. Last year, those shoppers generated more than $75 billion in online purchases, led by Brazil, which accounted for more than 45% of the total, followed by Mexico (18%), Argentina (10%), and Chile (8%).

Allpago provides a single application programming interface (API) to acquirers, gateway providers, and

other PSPs to allow access to all online buyers in the region. It also handles value-added services such as chargeback management and local tax advice. Allpago is Latin America’s only master merchant for PayPal. It collects funds from local PayPal users and remits them to online sellers abroad.

The company offers every local payment acceptance option in its five markets, pays all relevant local market taxes, and is PCI compliant. It charges 3.99% of the monetary value of a transaction before adding fees for value-added services. Allpago employs local personnel to head operations and sales in each country.

Payment acceptance alternatives to credit and debit cards are critical in Latin America, where U.S. dollar-denominated card accounts represent only 20% of the total card base. The remaining 80% of accounts are blocked for cross-border transactions. Clients including Wirecard, Paysafe, ACI (Pay.On), Symantec, McAfee, and Getty Images reach customers in Latin America through agreements they have with allpago. Philipp Bock is CEO at allpago in Berlin, Germany,

49 (30) 6098-79820, [email protected],

www.allpago.com.

Last month, Mastercard announced a connected car partnership with IBM, General Motors, and OnStar, the subscription-based, in-car

communication system subsidiary of General Motors. The initiative is part of Mastercard’s Commerce for Every Device program for IoT devices including wearables, smart homes, and chatbots. For connected cars, tokenized Mastercard account numbers will be linked to Masterpass, Mastercard’s omnichannel, global digital payment service. IBM will hold tokens and request dynamic

data from Mastercard’s token service for each transaction before passing those credentials to the OnStar Go platform.

OnStar and IBM will be marketplaces, creating a network of participating service providers — fuel, hospitality, media and entertainment, QSR, and travel and entertainment companies. Those companies will have the ability to communicate with General Motors cars that use the OnStar Go system. ExxonMobil, Glympse, iHeartRadio, and Parkopedia have already signed.

IBM’s Watson machine learning computer system, which can answer questions in natural language, will connect to OnStar and be used to learn a driver’s buying preferences. The aim will be to create individualized, location-based commerce offers from among the service providers

connected to OnStar Go. IBM will lead the sales effort to add service providers.

By the end of 2016, General Motors expects that 12 million OnStar-connected cars will be on the road worldwide. The connected car program will launch in the U.S. in the fourth quarter of 2017 and Europe in 2018.

SAP Vehicles Network is the pioneer marketplace in the connected cars field. Over the last year, it has been building its inventory of participating service providers (fuel sellers, parking providers, QSRs, offers providers) with the aim of accumulating enough scale to present its platform to car manufacturers, car rental firms, and other sales channel providers.

Prior issue: 1077

Customers include Wirecard, ACI, Paysafe, Symantec, and McAfee.

Allpago PSP Covering Latin Americafrom page 1...

Connected Cars and Cardsfrom page 7


http://www.allpago.com


Largest Credit Card Portfolios Worldwide 2015

Outstandings on general purpose cards as of December 31, 2015. American Express and Discover do not include third-party business. © 2016 The Nilson Report

1 JPMorgan Chase U.S. $130.24 2 Bank of America U.S. $99.76 3 American Express U.S. $98.33 4 Capital One U.S. $82.03 5 Citibank U.S. $81.83 6 ICBC China $64.59 7 Discover U.S. $57.90 8 China Construction China $57.77 9 China Merchants China $48.23 10 Bank of China China $41.40 11 Bank of Comm. China $40.41 12 Wells Fargo U.S. $35.41 13 Agricultural Bank China $34.21 14 U.S. Bank U.S. $34.09 15 China CITIC China $27.07 16 Barclays U.K. $26.24 17 China Minsheng China $25.46 18 China Guangfa China $23.46 19 Barclays U.S. $23.04 20 Ping An China $22.75 21 China Everbright China $18.49 22 USAA U.S. $18.47 23 Mitsubishi UFJ Nicos Japan $17.15 24 Shanghai Pudong Dev. China $17.10 25 Synchrony Financial U.S $17.04 26 Shinhan Card South Korea $15.69 27 Itau Unibanco Brazil $14.78 28 Lloyds Banking Group U.K. $14.00 29 TD Bank Group Canada $13.64 30 Banco de Venezuela Venez. $13.05 31 Sumitomo Mutsui Japan $12.77 32 China Industrial China $12.00 33 RBC Royal Bank Canada $11.67 34 Credit Saison Japan $11.18 35 Navy FCU U.S. $10.76 36 Banco Bradesco Brazil $10.35 37 Hyundai Card South Korea $9.79 38 KB Kookmin Card So. Korea $9.69 39 HSBC U.K. $9.60 40 MBNA U.K. $9.45 41 Tesco Bank U.K. $9.33 42 Commonwealth Bank Australia $8.84 43 CIBC Canada $8.66 44 Mercantil Banco Venezuela $8.28 45 BBVA Provincial Venezuela $8.25 46 Westpac Banking Australia $7.63 47 ANZ Banking Group Australia $7.37 48 Yapi Kredi Bankasi Turkey $6.82 49 Banco Occidental Venezuela $6.74 50 Fed. Desjardins Canada $6.25

51 Samsung Card South Korea $6.12 52 BMO Canada $6.11 53 RBS/NatWest U.K. $6.05 54 Sberbank Russia $6.00 55 PNC U.S. $5.95 56 Banco do Brasil Brazil $5.93 57 TD Bank U.S. $5.87 58 Garanti Bank Turkey $5.81 59 First Nat’l of Omaha U.S $5.77 60 BBVA Bancomer Mexico $5.39 61 Cabela’s WFB U.S $5.13 62 Banco Santander Brazil $4.93 63 Scotiabank Canada $4.90 64 Russian Standard Russia $4.85 65 National Australia Australia $4.82 66 Banamex Mexico $4.80 67 Capital One Canada $4.69 68 Banesco Banco Venezuela $4.69 69 UC Card Japan $4.65 70 KEB Hana Card South Korea $4.61 71 Akbank Turkey $4.27 72 Santander Cards U.K. $4.09 73 Lotte Card South Korea $4.03 74 T. Is Bank Turkey $3.98 75 HSBC Hong Kong $3.97 76 Aeon Financial Serv. Japan $3.85 77 Credit One U.S $3.68 78 Canadian Tire Canada $3.57 79 Toyota Finance Japan $3.39 80 Orient Corp. Japan $3.39 81 Hang Seng Hong Kong $3.35 82 Citi Australia $3.34 83 Cedyna Financial Japan $3.34 84 Hua Xia China $3.31 85 Capital One U.K. $3.30 86 Bancaribe Venezuela $3.27 87 Banco Exterior Venezuela $3.18 88 Alliance Data U.S $3.08 89 Finansbank Turkey $3.03 90 Fifth Third U.S $3.00 91 Banco Santander Mexico $2.73 92 Nationwide Building Soc. U.K. $2.48 93 CaixaCard Spain $2.45 94 Citibank South Korea $2.40 95 Virgin Money U.K. $2.37 96 BB&T U.S. $2.33 97 Merrick Bank U.S. $2.31 98 NongHyup Bank South Korea $2.26 99 Banco Santander Rio Argen. $2.18 100 Banco Bicentenario Venez. $2.13

101 Absa Bank South Africa $2.12 102 Barclaycard Germany $2.09 103 Caixa Economica Fed. Brazil $2.09 104 NewDay Cards U.K. $2.08 105 President’s Choice Canada $2.04 106 Industrial Bank South Korea $2.03 107 Kasikornbank Thailand $1.97 108 Banco Santander Chile $1.94 109 Bancopopular-e Spain $1.92 110 BOC Credit Card Hong Kong $1.90 111 Citibank Malaysia $1.84 112 Standard Bank South Africa $1.80 113 Banco Falabella Chile $1.79 114 VakifBank Turkey $1.72 115 SunTrust Bank U.S. $1.71 116 Woori Card South Korea $1.66 117 Citizens Bank U.S $1.64 118 Cooperative Bank Brazil $1.62 119 Pentagon FCU U.S. $1.59 120 Banorte Mexico $1.56 121 Nat’l Bank of Canada Canada $1.55 122 State Farm Bank U.S. $1.53 123 Maybank Malaysia $1.49 124 DenizBank Turkey $1.47 125 SMBC Trust Japan $1.47 126 Carrefour France, Spain, Belg. $1.42 127 Regions Financial U.S. $1.41 128 Citibank Hong Kong $1.40 129 Banco de Chile Chile $1.40 130 E. Sun Commercial Taiwan $1.39 131 Alpha Bank Greece $1.33 132 Landesbank Berlin Germany $1.30 133 BBVA Frances Argentina $1.29 134 HSBC Turkey $1.28 135 Mashreq Bank U.A.E. $1.28 136 Tinkoff Bank Russia $1.27 137 Banco CSF Brazil $1.27 138 National Bank Greece $1.23 139 HSBC Mexico $1.21 140 Eurobank Ergasias Greece $1.21 141 ANZ Bank New Zealand $1.20 142 Emirates NBD U.A.E. $1.18 143 Banco de Credito BCP Peru $1.18 144 EnterCard Norway $1.15 145 Bancolombia Colombia $1.14 146 Banco Popular Puerto Rico $1.14 147 ICBA Bancard U.S. $1.14 148 Bank of Ireland Ireland $1.13 149 Banco del Pacifi co Ecuador $1.09 150 Krungsriayudhya Card Thailand $1.06

Outstandings Outstandings Outstandings Rank Issuer, Country (bil.) Rank Issuer, Country (bil.) Rank Issuer, Country (bil.)


Purchase Purch. 2015 Volume Cards Vol. Rank Issuer, Country (mil. $U.S.) (000) per Card

1 Itau Unibanco Brazil $71,451.1 46,562 $1,535 2 Banco do Brasil Brazil $41,392.1 22,633 $1,829 3 Banco Bradesco Brazil $38,480.0 71,826 $536 4 Banco Santander Brazil $24,919.2 10,894 $2,287 5 BBVA Provincial Venezuela $15,900.5 3,289 $4,834 6 Banamex (Banco Nac’l) Mexico $14,582.7 5,607 $2,601 7 BBVA Bancomer Mexico $12,729.6 6,211 $2,049 8 Caixa Economica Federal Brazil $12,459.9 6,701 $1,860 9 Banesco Venezuela $11,963.3 2,691 $4,446 10 Banco Occidental Venezuela $11,282.4 1,123 $10,042 11 Banco Santander Rio Argentina $8,053.0 7,635 $1,055 12 Banco Galicia Argentina $6,477.5 5,764 $1,124 13 HSBC Brazil $6,379.8 3,162 $2,017 14 Banco Santander Chile $6,251.1 1,792 $3,488 15 BBVA Frances Argentina $5,986.9 2,873 $2,084 16 Mercantil Banco Venezuela $5,444.9 1,918 $2,839 17 Banco Santander Mexico $5,419.5 3,076 $1,762 18 Banco de Venezuela Venezuela $5,203.9 1,939 $2,684 19 Banco Falabella Chile $4,729.9 2,498 $1,894 20 Banorte Mexico $4,197.9 1,925 $2,180 21 Banco de Chile Chile $4,129.4 2,100 $1,966 22 Banco Provincia Argentina $3,886.6 1,861 $2,089 23 HSBC Mexico $3,813.8 1,262 $3,023 24 Banco CSF Brazil $3,781.9 16,007 $236 25 Banco Macro Argentina $3,543.7 2,035 $1,741 26 Bancolombia Colombia $3,470.8 2,006 $1,730 27 Diners Club Ecuador $3,420.4 733 $4,664 28 HSBC Argentina $3,189.0 1,509 $2,113 29 Banco Exterior Venezuela $2,823.5 481 $5,874 30 Citibank Brazil $2,575.2 1,123 $2,292 31 Bancaribe Venezuela $2,546.9 378 $6,741 32 ICBC Argentina $2,538.1 1,118 $2,269 33 Banco Davivienda Colombia $2,436.2 1,482 $1,643 34 BAC Credomatic Costa Rica $2,336.4 563 $4,150 35 Banco Hipotecario Argentina $2,291.8 1,471 $1,558 36 Banco Popular Puerto Rico $2,170.1 623 $3,484 37 Banco de Credito BCP Peru $2,065.6 948 $2,180 38 Banco Nac’l de Credito Venezuela $1,937.6 158 $12,263 39 Banco Popular Dominican Republic $1,517.1 372 $4,081 40 Banco General Panama $1,494.8 146 $10,236 41 Banco Patagonia Argentina $1,445.0 989 $1,461 42 Cetelem Brazil $1,342.1 3,162 $424 43 Banco del Pacifi co Ecuador $1,337.0 567 $2,359 44 Banco de Bogota Colombia $1,329.6 1,063 $1,251 45 Interbank Peru $1,321.7 1,159 $1,140 46 Banco Ripley Chile $1,300.1 3,217 $404 47 Banco Colpatria Colombia $1,294.4 1,261 $1,027 48 Banco Pichincha Ecuador $1,214.9 638 $1,903 49 Banco de Credito e Inver. Chile $1,193.5 619 $1,929 50 Citibank Colombia $1,192.7 734 $1,626

Visa, Mastercard, American Express, Diners Club, Discover, and general purpose domestic consumer & commercial credit cards. © 2016 The Nilson Report

46 Banco Pan Brazil $1,071.3 1,900 $564

Credit Card Issuers Latin America Purchase Purch. 2015 Volume Cards Vol. Rank Issuer, Country (mil. $U.S.) (000) per Card

1 BBVA Provincial Venezuela $72,700.2 3,562 $20,408 2 Banesco Venezuela $66,252.8 5,124 $12,929 3 Banco do Brasil Brazil $23,384.8 53,868 $434 4 Caixa Economica Federal Brazil $22,916.9 94,080 $244 5 Banco Bradesco Brazil $21,391.5 82,833 $258 6 Itau Unibanco Brazil $21,263.6 37,926 $561 7 Mercantil Banco Venezuela $17,015.9 3,867 $4,400 8 Banco Santander Brazil $12,264.1 39,772 $308 9 BBVA Bancomer Mexico $11,631.8 19,955 $583 10 Banco de Venezuela Venezuela $10,570.4 5,032 $2,101 11 Banamex (Banco Nac’l) Mexico $9,204.4 18,310 $503 12 Bancaribe Venezuela $8,415.6 770 $10,931 13 Banorte Mexico $7,263.8 13,287 $547 14 HSBC Brazil $6,780.9 4,942 $1,372 15 Banco Exterior Venezuela $6,113.1 650 $9,400 16 Banco Occidental Venezuela $6,083.5 612 $9,941 17 Alelo Brazil $5,583.9 5,662 $986 18 BancoEstado Chile $5,462.6 9,502 $575 19 Bancolombia Colombia $5,072.1 7,798 $650 20 Banco Santander Mexico $4,888.3 12,015 $407 21 HSBC Mexico $3,634.2 5,786 $628 22 Banco Santander Chile $3,199.4 3,242 $987 23 Banco Santander Rio Argentina $3,073.2 4,342 $708 24 Banco Nac’l de Credito Venezuela $2,854.2 983 $2,902 25 Banco Provincia Argentina $2,849.0 3,451 $826 26 BISA Puerto Rico $2,776.5 1,001 $2,775 27 Banco de Credito e Inver. Chile $2,619.6 1,780 $1,471 28 Banco de Chile Chile $2,308.5 3,590 $643 29 Banco Nacional Costa Rica $2,249.3 1,896 $1,187 30 Banco Bicentenario Venezuela $2,124.3 533 $3,988 31 Banco Galicia Argentina $2,030.6 3,753 $541 32 Banco de Credito BCP Peru $1,899.4 5,272 $360 33 Scotiabank Mexico $1,873.4 2,603 $720 34 BBVA Frances Argentina $1,696.4 2,061 $823 35 BFC Banco Fondo Comun Venezuela $1,689.5 1,273 $1,327 36 Banco Macro Argentina $1,634.4 2,642 $619 37 Banco de Costa Rica Costa Rica $1,600.1 1,558 $1,027 38 Banco Davivienda Colombia $1,557.7 3,390 $459 39 Banco de la Nacion Argentina $1,519.1 4,447 $342 40 Banco Popular Puerto Rico $1,362.3 699 $1,948 41 FirstBank Puerto Rico $1,350.4 396 $3,409 42 Banco Patagonia Argentina $1,006.4 1,821 $553 43 BBVA Continental Peru $996.7 3,220 $310 44 Banco Caja Social Colombia $951.3 1,839 $517 45 BBVA Colombia $887.7 2,883 $308 46 Banco de Bogota Colombia $861.8 2,383 $362 47 Inbursa Mexico $797.6 2,062 $387 48 Cartao BRB Brazil $786.0 1,549 $507 49 Banco Falabella Chile $765.0 656 $1,167 50 Banco Santander Puerto Rico $747.7 229 $3,266Visa, Visa Electron, Mastercard, Maestro, and general purpose domestic consumer & commercial debit and prepaid cards.

© 2016 The Nilson Report

Debit Card Issuers Latin America



GENERAL PURPOSE CARD RESULTS VISA AND MASTERCARD RESULTS 2015 ‘15 Purch. Vol. ‘15 Total Vol. ‘15 Cards ‘15 Purch. Vol. ‘15 Total Vol. ‘15 Cards Issuer, Country Rank (mil. $U.S.) Rank (mil. $U.S.) Rank (000) Rank (mil. $U.S.) Rank (mil. $U.S.) Rank (000)

Itau Unibanco Brazil 1 $92,714.7 1 $222,115.9 4 84,488 1 $63,704.2 3 $81,845.2 4 48,148 BBVA Provincial Venezuela 2 $88,600.7 3 $117,246.3 21 6,852 7 $15,900.5 13 $17,104.4 27 3,289 Banesco Venezuela 3 $78,216.1 5 $89,615.1 18 7,815 9 $13,493.5 18 $14,069.2 26 3,389 Banco do Brasil Brazil 4 $64,776.9 7 $77,592.0 5 76,502 2 $60,446.3 5 $65,127.8 2 70,721 Banco Bradesco Brazil 5 $59,871.5 2 $129,111.7 2 154,659 3 $42,589.4 1 $104,463.4 1 122,634 Banco Santander Brazil 6 $37,183.3 8 $63,989.4 7 50,666 4 $30,963.4 7 $43,138.8 5 30,661 Caixa Economica Federal Brazil 7 $35,376.8 13 $35,407.3 3 100,781 8 $15,497.1 14 $15,527.5 8 18,442 BBVA Bancomer Mexico 8 $24,361.5 6 $77,626.9 8 26,167 5 $24,128.1 4 $77,386.6 6 25,462 Banamex (Banco Nac’l) Mexico 9 $23,787.1 4 $96,261.6 9 23,917 6 $23,630.4 2 $94,488.5 7 20,047 Mercantil Banco Venezuela 10 $22,460.7 12 $36,839.9 23 5,785 24 $5,444.9 35 $5,760.6 42 1,918 Banco Occidental Venezuela 11 $17,365.9 17 $23,110.8 53 1,735 20 $6,205.3 31 $7,112.1 68 1,044 Banco de Venezuela Venezuela 12 $15,774.3 14 $25,770.5 20 6,970 25 $5,203.9 37 $5,636.3 41 1,939 HSBC Brazil 13 $13,160.6 28 $13,302.2 17 8,104 10 $13,160.6 20 $13,302.2 13 8,104 Banorte Mexico 14 $11,461.7 9 $60,169.0 11 15,212 11 $11,461.7 6 $60,169.0 10 15,212 Banco Santander Rio Argentina 15 $11,126.2 19 $19,972.8 13 11,977 13 $9,618.7 12 $18,437.3 12 9,321 Bancaribe Venezuela 16 $10,962.5 27 $13,665.0 68 1,148 37 $2,546.9 56 $2,601.2 93 378 Banco Santander Mexico 17 $10,307.8 10 $39,207.0 12 15,091 12 $10,245.4 8 $39,118.6 11 15,008 Banco Santander Chile 18 $9,450.6 24 $14,120.8 29 5,034 21 $5,930.1 34 $6,431.4 49 1,580 Banco Exterior Venezuela 19 $8,936.6 22 $14,436.4 70 1,131 14 $8,936.6 16 $14,436.4 62 1,131 Bancolombia Colombia 20 $8,542.9 11 $37,656.0 15 9,804 34 $2,922.0 39 $5,293.8 43 1,917 Banco Galicia Argentina 21 $8,508.1 21 $16,232.5 16 9,518 17 $7,436.1 15 $15,147.6 14 8,082 BBVA Frances Argentina 22 $7,683.2 26 $13,746.4 30 4,934 15 $7,683.2 19 $13,746.4 21 4,934 HSBC Mexico 23 $7,447.9 15 $24,736.9 19 7,048 16 $7,447.9 9 $24,736.9 15 7,048 Banco Provincia Argentina 24 $6,735.7 18 $21,419.2 28 5,311 18 $6,543.0 10 $21,225.0 20 5,296 Banco de Chile Chile 25 $6,437.9 35 $9,509.7 24 5,690 19 $6,437.9 25 $9,509.7 17 5,690 BancoEstado Chile 26 $6,034.4 16 $23,522.9 14 10,600 92 $571.8 95 $783.3 66 1,098 Alelo Brazil 27 $5,583.9 44 $5,583.9 25 5,662 22 $5,583.9 37 $5,583.9 18 5,662 Banco Falabella Chile 28 $5,494.9 42 $6,753.2 40 3,153 23 $5,494.9 32 $6,753.2 30 3,153 Banco Macro Argentina 29 $5,178.1 23 $14,149.6 32 4,677 26 $5,133.5 17 $14,104.7 22 4,588 Banco Nac’l de Credito Venezuela 30 $4,791.8 41 $6,906.7 69 1,141 45 $1,937.6 60 $2,027.7 131 158 Banco Davivienda Colombia 31 $3,993.8 25 $13,820.0 31 4,873 43 $1,983.6 51 $3,160.0 54 1,324 Banco de Credito BCP Peru 32 $3,965.0 20 $19,571.5 22 6,220 27 $3,839.9 11 $19,297.7 16 6,169 Banco de Credito e Inver. Chile 33 $3,813.2 36 $9,136.3 46 2,399 28 $3,813.2 27 $9,136.3 38 2,399 Banco CSF Brazil 34 $3,781.9 57 $3,781.9 10 16,007 29 $3,781.9 47 $3,781.9 9 16,007 Banco Popular Puerto Rico 35 $3,532.3 55 $3,854.3 64 1,322 30 $3,295.9 49 $3,588.7 58 1,247 Diners Club Ecuador 36 $3,420.4 59 $3,608.0 92 733 – — – — – — HSBC Argentina 37 $3,364.3 52 $4,215.0 43 2,634 31 $3,250.8 45 $4,101.5 36 2,559 ICBC Argentina 38 $3,236.5 45 $5,326.1 51 1,899 32 $3,236.5 38 $5,326.1 45 1,899 BISA Puerto Rico 39 $2,977.4 46 $5,201.3 72 1,116 33 $2,977.4 40 $5,201.3 63 1,116 BAC Credomatic Costa Rica 40 $2,973.8 49 $4,627.4 60 1,496 38 $2,517.5 44 $4,134.2 57 1,249 Citibank Brazil 41 $2,952.5 61 $3,525.4 55 1,662 49 $1,777.2 58 $2,338.3 55 1,275 Banco de la Nacion Argentina 42 $2,628.3 29 $11,525.5 27 5,399 54 $1,505.4 69 $1,544.0 53 1,356 Banco Bicentenario Venezuela 43 $2,619.4 60 $3,600.5 97 596 57 $1,404.2 75 $1,440.0 145 84 Banco Hipotecario Argentina 44 $2,614.3 51 $4,379.0 52 1,831 35 $2,614.3 43 $4,379.0 46 1,831 Banco Nacional Costa Rica 45 $2,602.0 32 $9,991.5 48 2,198 36 $2,602.0 23 $9,991.5 39 2,198 Banco Patagonia Argentina 46 $2,451.4 40 $7,752.7 42 2,810 39 $2,451.4 30 $7,752.7 34 2,810 Banco de Bogota Colombia 47 $2,191.3 34 $9,552.4 35 3,445 40 $2,191.3 24 $9,552.4 25 3,445 Banco de Costa Rica Costa Rica 48 $2,009.6 71 $2,168.4 54 1,669 41 $2,009.6 59 $2,168.4 47 1,669 Banco Popular Dominican Republic 49 $1,984.1 50 $4,532.3 67 1,157 42 $1,984.1 42 $4,532.3 61 1,157 Inbursa Mexico 50 $1,962.8 63 $3,049.1 36 3,254 48 $1,832.7 53 $2,919.0 33 2,908

General purpose: Visa, Mastercard, Maestro, American Express, 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. © 2016 The Nilson Report

Top General Purpose/Visa/Mastercard Card Issuers in Latin America


prepaid consumer and commercial cards including American Express, Diners Club, Discover, domestic-only, Maestro, Mastercard, and Visa brands. Issuers represented 11 countries. Argentina led with 10 issuers. Brazil and Venezuela each had 9 banks on the list, Mexico had 6 banks, and Chile had 5.

Measured by only Visa and Mastercard purchase volume, the top 50 largest general purpose card issuers collectively generated $475.37 billion in spending from 498.8 million cards. Those issuers collectively accounted for 87.5% of combined Visa

and Mastercard purchase volume and 80.1% of the cards issued in Latin America and the Caribbean.

Latin America’s 50 largest credit card issuers generated purchase volume of $382.25 billion from 259.9 million cards. This was an average of $1,471 per card annually.

Latin America’s 50 largest debit card issuers generated purchase volume of $397.96 billion from 490.9 million cards. This was an average of $811 per card annually.

legacy network infrastructures, which are built on VPNs (virtual private networks) and WANs (wide area networks). They have made significant investments

in those technologies but now find that they are complex and difficult to manage. They also lack the flexibility needed to execute speedy updates to new applications, particularly mobile apps. Handling any change affecting network endpoints is time-consuming and costly.

Diebold Nixdorf ’s i–Service Station leverages software-defined wide area networks (SD-WAN) to connect in-store payment and other systems with cloud-based management. The always on, 100% network availability of SD-WAN, something that is a requirement in an industry with self-service unattended fuel pumps, permits automating application implementation and

changes in the cloud for every outlet in a network in minutes. There is no need to send a technician to any site.

Cybera, which provides the SD-WAN technology used by Diebold Nixdorf, also counts Verifone and other vendors as clients in the petroleum industry. Its SD-WAN technology, available since 2011, can be used to create application-specific discrete networks that handle payments, including links to multiple processors as well as loyalty programs integrated into the payment flow. They can also support ATMs, onsite Wi-Fi, surveillance, and more. Restaurant chains and other vertical markets with large numbers of network endpoints that need to support a large number of applications can benefit from Cybera’s SD-WAN. Cybera can install one of its virtual networks to connect thousands of outlets in a week.

Legacy networks can add Cybera’s service as a bridge to next-generation services. Cybera’s particular SD-WAN operates on its own cloud, which allows it to remotely inject security features for antimalware, antivirus, application filtering, antispyware, load balancing, and other protections. The application-centric security provides multiple lines of defense in a network and helps mitigate breaches. Horst von Wels is VP and Head

of Service Stations at Diebold

Nixdorf in Paderborn, Germany,

49 (40) 6360-3200, horst.

[email protected],

www.dieboldnixdorf.com.

Anita Pandey is VP Marketing at

Cybera in Franklin, Tennessee,

(650) 269-7478, anita.pandey@

cybera.net, www.cybera.net.

...makes changes in the cloud for every outlet in minutes.

Top Card Issuers in Latin Americafrom page 1...

Software-Defined Wide Area Networksfrom 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 15, 2016

http://www.dieboldnixdorf.com

http://www.cybera.net


FOR 46 YEARS, THE LEADING PUBLICATION...

Documents

Transcript of FOR 46 YEARS, THE LEADING PUBLICATION...