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Mastercard, R3, and Marco Polo NetworkThe Marco Polo Network facilitates trade finance (payment, financing, risk mitigation, and provision of information for importers and exporters) among a consortium of banks and their
Fidel Aggregates Card DataFidel is an aggregator that makes payment card transaction data accessible to web and mobile application developers in real time. The company has API integrations with the authorization systems
GoCardless Pull Payment ProcessingPulling an authorized payment from a bank account to settle a recurring bill, which includes subscriptions, installment payments, and invoices to vendors, is the business of GoCardless. The
Verified Mark Certificates for EmailEntrust Datacard, best known in the payment industry for technology used in card manufacturing and personalization, also acts as a certificate authority—a trusted third party that
Sprint/Dynamics Card PartnershipSprint’s Curiosity IoT network is the first mobile telecom infrastructure built to support software that drives the Internet of Things (IoT) as well as smartphones. Curiosity IoT separates
Latin America’s 42 Largest AcquirersThe 42 largest merchant acquirers in Latin America and the Caribbean (LA&C) based on card payments processed in 2018 are ranked on page 9. This group processed 22.26 billion (up 13%)
2017
Asia–Pacific+417 bps
LatinAmerica+117 bps
Europe-170 bps
MEA-104 bps
U.S.-251 bps
Canada-10 bps
8
7
9
12
63 67
13
86
5
2018
© 2019 The Nilson Report
MARKET SHARE (%) IN 2018 VS. 2017
POS Terminal ShipmentsWorldwide by Region
Contactless mPOS PlatformCanada-based Mobeewave provides a turnkey, NFC-enabled, PCI-compliant software platform, SDK, and apps that let merchants use their own smartphones and tablets to accept payments
POS Terminal Shipments WorldwideShipments of point-of-sale terminals reached 103.6 million in 2018, up 39.0% over 2017. That figure was an increase of 29.1 million units year over year. Shipments by region are shown on pages 10 and 11. Those shipments included countertop, multilane, tablet, and handheld terminals with integrated chip and/or magnetic-stripe card readers, as well as PCI DSS-approved chip & PIN devices, approved chip & signature devices, and mPOS devices not connected via a smart mobile device. Not included are smartphones used as POS terminals, peripheral PIN pads, card reader dongles inserted in smartphones or tablets, magnetic-stripe card readers connected to electronic cash
8 Top General Purpose Acquirers in Latin America 9 Largest Visa/Mastercard Merchant Acquirers in Latin America
11 Manufacturers of POS Terminals Ranked by Shipments in 2018, Market Shares by Region
2 – 4 Fast Facts 6 Payments via Text Messaging 7 EMVCo and 8-digit Issuer ID Numbers
> see p. 8
> see p. 5
> see p. 5
> see p. 6
> see p. 7
> see p. 12
> see p. 8
> see p. 10
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FOR 49 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE SEPTEMBER 2019 / ISSUE 1160
© 2019 HSN Consultants, Inc. THE NILSON REPORT
Conferences & Seminars
Seamless Philippines 2019: September 25-26, 2019. The SMX Convention Centre, Manila, Philippines. Estimated attendance: 5,000. Cost for the two-day conference is FREE. Contact Danelle Filipinas at Terrapinn, (65) 6322-2717, [email protected]. Register at www.terrapinn.com/exhibition/seamless-philippines.
FinovateAsia 2019: October 14-15, 2019. The Marina Mandarin, Singapore. Estimated attendance: 450. Cost for the two-day conference is $1,395. Subscribers to The Nilson Report will receive a 20% discount. (Use code FKV2354NRW.) Contact Tyler Ferst at The Finovate Group, (646) 895-7329, [email protected]. Register at https://bit.ly/2IueoxZ.
FinovateMiddleEast 2019: November 20-21, 2019. The Ritz-Carlton DIFC, Dubai, United Arab Emirates. Estimated attendance: 400. Cost for the two-day conference is $1,095. Subscribers to The Nilson Report will receive a 20% discount. (Use code FKV2354FLW.) Contact Tyler Ferst at The Finovate Group, (646) 895-7329, [email protected]. Register at https://bit.ly/2lGCtZl.
TrusTech 2019: November 26-28, 2019. The Palais des Festivals de Cannes, French Riviera, Cannes, France. Estimated attendance: 8,000+. Cost for the three-day conference is FREE, including attendance to the conference and exhibition. Contact Stephanie Dryander at Comexposium, 33 (1) 7677-1280, stephanie.dryander@ comexposium.com. Register at www.trustech-event.com.
FINEXIO, an accounts payable payments-as-a-service com-pany that operates a B2B supplier network, has formed a partnership with Payscout, an omnichannel global payment processor including for XR-augmented, virtual, and mixed reality technologies. The partners will offer each other’s ser-vices. Ernest Rolfson is CEO at Finexio, [email protected], www.finexio.com. Manpreet Singh is President at Payscout, [email protected], www.payscout.com.
PAYACTIV provides employees real-time access to up to one-half of their earned wages prior to receiving their pay-check. The company processed more than $1 billion for U.S. workers in 2018. It uses Digital Disbursements from Fiserv to enable employees to push money to a checking or savings account. Fiserv does this via Visa Direct. Safwan Shah is CEO at PayActiv, [email protected], www.payactiv.com. Tom Allanson is President, Electronic Payments at Fiserv, [email protected], www.fiserv.com.
KONFIRMI is a Chicago-based provider of customer authentication and onboarding services for websites and mobile apps. Verification methods include age confirmation, two-factor authentication by email or text message, selfie ID photos, video ID selfies, knowledge-based authentication, and single sign on. Konfirmi says users can be fully set up in under 5 minutes. Holly Urban is CEO, [email protected], www.konfirmi.com.
NET ELEMENT has launched the Netevia Mastercard, a commercial prepaid product for merchants. They can deposit a percentage of the card payments they accept to their prepaid card instead of their bank account to be used for everyday business expenses. The Netevia Mastercard is issued by Avidia Bank. Mike Normandeau is VP Commercial Cards at Net Element, [email protected], www.netelement.com.
MAGTEK has launched the Bluetooth LE for DynaPro Go, MagTek’s latest secure PIN Pad validated per PCI PTS 4.x. Bluetooth LE connects to iOS, Android, or Windows devices and offers greater range and faster processing times. John Arato is VP, [email protected], www.magtek.com.
3DCART, provider of an ecommerce platform, will offer its clients ClearSale’s card-not-present fraud protection. Merchants that use ClearSale receive guaranteed protection from fraud-related chargebacks. Gonzalo Gil is CEO at 3dcart, [email protected], www.3dcart.com. Rafael Lourenco is EVP at ClearSale, [email protected], www.clear.sale.
ANYWHERECOMMERCE filed litigation in a California federal court on July 26, 2019, alleging that Square infringed on U.S. Patent No. 8281998. The patent was awarded to Anywhere Commerce on October 16, 2012. Anywhere Commerce sells card reader devices in 15 countries to facili-tate mobile payments. Mitchell Cobrin is Co-Founder at Anywhere Commerce, [email protected], www.anywherecommerce.com.
PAX TECHNOLOGY’S S920 pocket-sized mobile payment terminal has been certified in the U.S. by Verizon and AT&T, the country’s largest mobile network operators. Tony Fernandez is VP, Product Marketing at Pax, [email protected], www.pax.us.
EARLY WARNING SERVICES, the network operator be-hind the Zelle fast payments network, has selected BHMI’s Concourse Financial Software to support disputes manage-ment for transactions processed by the Zelle network. Lynne Baldwin is President at BHMI, [email protected], www.bhmi.com. Lou Anne Alexander is Group President, Payments at Early Warning, louanne.alexander@ earlywarning.com, www.earlywarning.com.
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FACT
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SEPTEMBER 2019 ISSUE 1160
No paid advertising. No sponsored content of any kind. No company can pay to be featured in our newsletter. It is never permissible for subscribers to forward or print this issue. Doing so violates copyright laws.
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MEMBERS DEVELOPMENT COMPANY (MDC) will exclusively market and promote the digital payment services of Payrailz, including the Payrailz Smart Payment Platform, consumer and business bill pay, account-to-account transfers, peer-to-peer payments, and new account opening to credit unions. Fran Duggan is CEO at Payrailz, [email protected], www.payrailz.com. Jeff Kline is CEO at MDC, [email protected], www.membersdevelopment.com.
THE CONSUMER FINANCIAL PROTECTION BUREAU has released its fourth biennial report on the state of the credit card market. The 99-page report covers the period of 2017-2018. It is available at: https:// files.consumerfinance.gov/f/documents/201908_cfpb_card-act-report.pdf.
FINANCIAL DATA EXCHANGE (FDX) is a nonprofit organization dedicated to unifying the financial industry around a common, interoperable, royalty-free standard to give consumers and businesses access to their financial data. Visa and Mastercard have become members. Other members include Bank of America, Capital One, Charles Schwab, Citigroup, Envestnet/Yodlee, Experian, Fiserv, JPMorgan Chase, Plaid, PNC, TD Bank, USAA, U.S. Bank, Wells Fargo, and Xero. FDX is an independent subsidiary of FS-ISAC. For more information visit www.financialdataexchange.org.
BLUEFIN has introduced ShieldConex to secure personally identifiable information, personal health information, and card data. ShieldConex uses Bluefin’s secure payment frame and vaultless tokenization technologies to enable organizations to enter sensitive data via secure online forms embedded in their website. All data is immediately tokenized with a Format Preserving Token that can be created in the same format as the original data. Ruston Miles is Chief Strategy Officer at Bluefin, [email protected], www.bluefin.com.
DAVINCI PAYMENTS is the new name of Swift Prepaid Solutions. Rodney Mason is CRO, [email protected], www.davincipayments.com.
MULTIFACTOR AUTHENTICATION FOR E-COMMERCE, the final version of the NIST special publication 1800-17, is available to retailers interested in implementing multifactor authentication. The publication is available at https://www.nccoe.nist.gov/projects/use-cases/multifactor-authentication-ecommerce.
CUNA STRATEGIC SERVICES will offer the CardUpdatr app to its credit union issuer customers. CardUpdatr is available from Switch. CUs can brand their web and mobile browser application, which updates merchant sites with credit union cards in real time. Chris Hopen is CEO at Switch, [email protected], www.switchme.com. Eric Gelly is President at Cuna Strategic Services, [email protected], www.cunastrategicservices.com.
© HSN Consultants, Inc. 2017 THE NILSON REPORT 2SEPTEMBER 2019 / ISSUE 1160 / THE NILSON REPORT
Stephanie Ferris, formerly at Worldpay, has been appointed Enterprise-wide Chief Operating Officer at FIS, stephanie.ferris@ fisglobal.com. Gregor Garry has been appointed Executive Vice President and Chief Operating Officer at The Bancorp, [email protected]. Nikki Waters has been appointed Head of Global Marketing at i2c, [email protected]. David Fletcher has been appointed Senior Vice President of Sales at ClearSale, [email protected]. Richard Swales has been appointed Chief Risk Officer at Paysafe, [email protected]. Ron Hynes has been appointed Chief Executive Officer at Vesta, [email protected]. Ava Kelly has been appointed Head of Global Products at i2c, akelly@ i2cinc.com. Elizabeth Kowal has been appointed Chief Product Officer at MineralTree, [email protected]. Justin Ferrabee has been appointed Chief Executive Officer at Mazooma, jferrabee@ mazooma.com. Darren Gill has been appointed Chief Revenue Officer at PCI Pal, [email protected]. Bob Sneed, formerly at Wex, has been appointed Executive Vice President at TransCard, [email protected]. Marcelo Geraldi Velloso has been appointed Managing Director of Latin America at Wex, [email protected], Josh Goines, formerly at PayPal, has been appointed Senior Vice President of Strategic Partnerships at Bill.com, [email protected]. David Yates has been appointed Executive Partner at Siris, yates@ siris.com. Nigel Stone has been appointed Head of U.K. Operations at Citcon, [email protected]. Adam Bischoff has been appointed Product Manager at Allied Payment Network, adam.bischoff@ alliedpayment.com.
Management Changes© HSN Consultants Inc. 2019 THE NILSON REPORT. www.nilsonreport.com/research. Reproducing or allowing reproduction or dissemination
of any portion of this document in any manner is a copyright violation subject to substantial fines.
Asia-Pacific CanadaEurope
Latin America
United States
Middle East and Africa
1,080 Card Issuers
280 Merchant Acquirers
11th Edition
The World’s
Top Card Issuers
and MerchantAcquirers
Figures include cards in circulation and spending for credit & debit in each world region.
More than 115 countries listed
Visa • Mastercard
UnionPay • JCB
American Express
Diners Club • Discover
Order Todaywww.nilsonreport.com/research
© 2019 HSN Consultants, Inc. THE NILSON REPORT 3SEPTEMBER 2019 / ISSUE 1160 / THE NILSON REPORT
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SIGNIFYD, which offers an end-to-end, machine-learning-based commerce protection platform, has launched Signifyd Seamless SCA, a set of secure payment services that meet the requirements of the European Union’s PSD2 regulation slated to take effect this month. PSD2 requires businesses engaged in online transactions to provide greater security. Signifyd Seamless SCA is fully compatible with the EMV 3-D Secure 2 protocol. J. Bennett is VP of Operations and Corporate Development at Signifyd, j.bennett@ signifyd.com, www.signifyd.com.
MIFINITY has launched a new consumer-focused, cross-border money transfer service to UnionPay cardholders in mainland China. Consumers can send money from the U.K. and Europe to China via the UnionPay network. Michael McDevitt is Chief Product Officer at MiFinity, michael.mcdevitt@ mifinity.com, www.mifinity.com.
BREX, the corporate credit card start-up, has connected with Ascenda’s global loyalty currency network, TransferConnect, to enable its cardholders to transfer their Brex rewards points to six frequent traveler programs. Ascenda provides loyalty services to over 70 financial services and travel brands world-wide. Kyle Armstrong is CEO at Ascenda, [email protected], www.ascendaloyalty.com. Henrique Dubugras is Co-CEO at Brex, [email protected], www.brex.com.
CYBERSOURCE’S 3-D Secure 2 authentication service is being integrated with Amadeus’s payment platform, which is used by travel industry merchants worldwide. The aim is increased sales by reducing instances where travelers are asked to practice two-factor authentication. 3DS 2 also provides native support for in-app authentication on mobile devices as well as the ability to request specific exemptions included in Strong Customer Authentication requirements. Bart Tompkins is Managing Director, Payments at Amadeus, [email protected], www.amadeus.com. Justin Fraser is Head of Alliances & Enterprise Sales EU at CyberSource, [email protected], www.cybersource.com.
BARCLAYCARD, which processes nearly half of the U.K.’s credit and debit card transactions, has integrated with TouchBistro, an iPad-based POS service for restaurants and pubs. TouchBistro handles order taking, payment process-ing, menu management, sales tracking and reporting, staff scheduling, and more. Alex Barrotti is CEO at TouchBistro, [email protected], www.touchbistro.com. Nicole Olbe is Managing Director of Partnerships, Payment Solutions at Barclaycard, [email protected], www.barclaycard.co.uk.
SNAPPAY provides a payment gateway that lets merchants in North America accept QR code-based payments from Alipay and WeChat Pay users. It also helps merchants with coupon promotions. SnapPay says Chinese buyers spend up to 15% more when they can pay with Alipay and WeChat Pay. Spencer Xu is CEO, [email protected], www.snappay.ca.
JCB will process automated teller machine transactions in Canada by leveraging the infrastructure between Interac, Canada’s debit network, and the Discover Global Network. Edwin Lam is Director, International Services at Interac, [email protected], www.interac.ca. Ryuji Shinzawa is President at JCB Intl Credit Card Co., [email protected], www.jcbusa.com.
PAYSWIFF is a provider in India of Set, a mobile application that allows individuals and business owners to accept over 60 payment options. Merchants can be onboarded in less than 15 minutes on all POS devices. Mastercard will work with Payswiff to provide the app, services, and support in regional languages. Rajeev Kumar is SVP, Market Development, South Asia at Mastercard, [email protected], www.mastercard.com. Priti Shah is CEO at Payswiff, [email protected], www.payswiff.com.
ASIA GLOBAL PAYMENT SUMMIT 2019
Two-Day ConferenceOctober 10-11, 2019Sofitel Bali Nusa DuaBali, Indonesia
Topics include: aligning real-time payments towards seamless interoperability, regulatory challenges in emerging markets, social commerce platforms, harmonization in cross-border payments, fintech regulation in Southeast Asia, digital financial inclusion, eKYC and bio-metric authentication, QR codes standardization. Speakers represent: PPRO, Fave, JPMorgan, DANA Indonesia, TransferWise, Kapronasia, Schulte Research, Xfers, Philippine Clearing House Corporation, BTPN Bank, Commercial Bank of Dubai, and more. Cost is $1,695 for full program; $1,295 for one-day pass until October 1, 2019. (Use discount
code NILSONDISCOUNT.) Contact Adriana Screpnic at Currency Research, [email protected]. Register at www.globalpaymentsummit.com.
Featured Conference
Subscribers to The Nilson Report will receive a 20% discount. 20%
SAVE
2019 ETA STRATEGIC LEADERSHIP FORUM
Three-Day ConferenceSeptember 25-27, 2019Boca Raton Resort & Spa, Boca Raton, Florida
Topics include: privacy demands influencing business decisions and impacting product development, First Data/Fiserv merger, private equity, the evolution of ecommerce, and the critical role of the acquiring channel. Speakers represent: Wells Fargo, Mastercard, Fiserv (First Data), Searchlight Capital, Parthenon Capital, Bluesnap, Infinicept, Chetu, eBay, NCR, Priority Payments, Global Payments, and more. Cost for the three-day conference is $1,145 through September 24 (nonmember $1,545) and $1,295 on-site (nonmember $1,695). Group rates available. Contact ETA at [email protected]. Register at www.electran.org/events/etaslf/register/.
Featured Conference
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smartphone traffic from IoT traffic to create the shortest possible path for exchanging messages. Card manufacturer Dynamics recognized this feature would place the lowest possible demand on the battery of its EMV-compliant Wallet Card, a high-security payment card that is also an IoT device. It provides issuers with over-the-air management capabilities, which include sending information and messages to the card’s 65,000 pixel display.
Changes supported by over-the-air management include updates to expiration dates and loyalty programs.
The ability to use Curiosity IoT solidified Dynamics’ investment in creating a 5-year lifecycle for its Wallet Card. Previously, it solved a power consumption problem associated with battery-operated cards.
The Wallet Card gets certified by any mobile network worldwide as smartphones do. Dynamics leverages Curiosity IoT to control the certification process from the U.S. However, once registered, cards operate on local mobile networks in 195 countries.
The chip in the Wallet Card can be accessed through any mobile network in the world. Dynamics figured out a way to use a single antenna in the
Connected Wallet Card to handle the different frequencies deployed by MNOs around the world.
Card issuers signed to use the Wallet Card include Emirates NBD, which will be the first to bring
cards into circulation capable of downloading data and messages.Ivo Rook is Senior VP, IoT & Product Management at
Sprint in Kansas City, Kansas, [email protected],
www.sprint.com.
Jeff Mullen is CEO at Dynamics in Cheswick,
Pennsylvania, [email protected],
www.dynamicsinc.com.
at Visa, Mastercard, and American Express. From those links it also knows where transactions occur and other information
useful to clients for their rewards programs, digital receipts, money management, POS lending, and more.
The company launched in December 2017. It has customers in the U.K., Ireland, the Nordics, Canada, Japan, and the U.S., including Klarna, British Airways, and Royal Bank of Canada.
When cardholders provide consent, Fidel can gather
transaction data anywhere Visa, Mastercard, and American Express operate processing services.
In addition to securely sending card data to an application developer, Fidel can facilitate communication with a developer’s clients, such as a participating merchant, to invoice that merchant for miles or other rewards currencies. Fidel can also add money into a card account.
The main value in Fidel’s aggregation service is speed to market for new apps that need access to card data. Developers only need to write a few lines of code to connect to Fidel. All of the complex code needed to link to
the three card networks, and the expense associated with that task, has been handled by Fidel. The company’s clients also avoid PCI compliance costs.
Fidel generates revenue on a per-transaction basis. All data exchanged between the networks, Fidel, and its clients are tokenized.
Fidel is backed by the U.K.’s Technology Strategy Board (Innovate U.K.) and Horizons Ventures.Dev Subrata is CEO at Fidel in
London, U.K., [email protected],
www.fidel.uk.
Customers include Royal Bank of Canada, Klarna & British Airways.
Sprint/Dynamics Card Partnership from page 1...
Fidel Aggregates Card Data from page 1...
© 2019 HSN Consultants, Inc. THE NILSON REPORT 5SEPTEMBER 2019 / ISSUE 1160 / THE NILSON REPORT
corporate clients. TradeIX is the platform provider. Its technology handles all core functions within the network’s open-account trade infrastructure, which operates on the Corda open-source blockchain platform of enterprise software firm R3.
Among the 25 banks currently in the consortium are BNP, NatWest, Standard Chartered, ING, Barclays, and Commerzbank. Consortium members pay a licensing fee to participate in Marco Polo, which is in its pilot test phase.
Membership in the network will soon expand to include insurance and logistics companies and other corporations.
Mastercard has joined Marco Polo to promote Mastercard Track, its B2B trade-enablement platform.
Mastercard Track provides banks and other companies access to business identity information through a secure, permissioned repository of more than 210 million registered entities worldwide.
It reduces the time it takes for businesses to identify, vet, and onboard new trading partners while
automating multiple payment types through a single connection for buyers and sellers.
The Marco Polo Network will promote Mastercard Track and Mastercard will promote Marco Polo.
Mastercard and R3 have signed a separate agreement to pilot a cross-border
payment service. Clearing and settlement will be
handled by Mastercard. More than 300 financial services companies, technology companies, central banks, regulators, and trade
associations link to Corda. R3’s Corda blockchain
is a rules-based payment network. Mastercard sees it
as a complement to its Transfast cross-border payment capabilities.
R3 is regulated and compliant, payment and channel agnostic, and capable of reaching a majority of the world’s population.Oliver Belin is Chief Marketing Officer at TradeIX in Miami,
Florida, [email protected], www.tradeix.com.
Claire Thompson is Executive VP Enterprise Partnerships
at Mastercard in London, U.K., claire.thompson@
mastercard.com, www.mastercard.com.
Everyware provides clients a customer communication platform based on the integration of text messages with a payment gateway.
Before a card-not-present payment transaction is authorized, Everyware matches the mobile phone number entered by the prospective buyer with the valid owner of that number. After that validation, authorizations occur and Everyware facilitates a confirmation of the sale via a text message. That confirmation helps reduce disputed transactions. The Everyware system links the confirmation text to a valid merchant phone number, which gives the cardholder the opportunity to text back any questions about the sale.
Everyware also offers merchants the ability to collect payments through its Pay-By-Text service. No app is required. Payors need only one click to confirm details presented on the screen of the phone. They can text any questions they have about the transaction before making a payment. The two-way communication link is tokenized for security.
Everyware is PCI and HIPAA compliant. Elavon and TSYS have certified its gateway. Certification
is pending for other top acquirers and payment facilitators. Payfone provides the mobile number validation service. Larry Talley is CEO at Everyware in Austin, Texas,
[email protected], www.everyware.com.
Elavon and TSYS have certified Everyware’s gateway.
Mastercard, R3, and Marco Polo Network from page 1...
Payments via Text Messaging
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from contactless cards and smartphones. Owners of mobile devices can download an app, answer a few questions, and register for card processing within the app.
Customers also receive gateway integration, the kernel, a white label payment facilitator service, and, if necessary, a tap-in/tap-out transit implementation.
Mobeewave has a global contract with Samsung to power
the device manufacturer’s NFC-enabled smartphones.
Through a combination of over-the-air provisioning and downloading, Mobeewave can connect to the secure element or trusted execution environment of Samsung mobile devices.
The company owns intellectual property rights covering more than a dozen use cases. It sells to financial institutions, payment facilitators, SaaS businesses, marketplaces, as well as independent software vendors (ISVs).
Those companies gain the offline payment processing service they need to provide omnichannel processing to their
online merchant customers.
Mobeewave sees opportunities for its software
among companies that deliver mobile payments in their own apps.
Partners of Mobeewave include Global Payments, Commonwealth Bank of Australia, National Bank of Canada, Polskie ePlatnosci (PeP) in Poland, and Elavon.
Mastercard was an early investor in Mobeewave and works with the company, including participating in sales calls and product certification.
This year, Mobeewave clients launched pilots in Poland, Australia, and Canada. The company’s technology is certified by Visa, Mastercard, and Interac (Canada’s debit card network). Benjamin du Hays is CEO at
Mobeewave in Montreal, Canada,
www.mobeewave.com.
Prior issues: 1111, 1079, 1062, 1055
The International Organization for Standardization (ISO) in conjunction with the International Electrotechnical Commission
(IEC) have published an update of the ISO/IEC 7812-1 standard allowing for issuer identification numbers (IINs) to be expanded to 8 digits.
Currently, IINs are 6 digits. The IIN forms part of the primary account number (PAN) that links a payment card to an individual account. Some merchants use
PANs or IINs to identify a cardholder for services such as loyalty programs. Those merchants might need to update their back-
end systems. Point-of-sale terminals may need to be updated to ensure they recognize
8-digit IINs beginning in 2021.
EMVCo is working to evolve the EMV Integrated Circuit Card Specifications for Payment Systems to support 8-digit issuer identification numbers as well as the existing 6-digit format. A
new specification bulletin will be published by the end of 2019 and become effective in 2021.
The move to include 8-digit IINs could impact merchant and processor systems beyond payments. EMVCo has published a draft specification bulletin that summarizes all of the changes.
The draft specification bulletin can be downloaded from the EMVCo website.
A contract with Samsung to power NFC-enabled smartphones.
A draft specification bulletin summarizes all of the changes.
Contactless mPOS Platform from page 1...
EMVCo and 8-digit Issuer ID Numbers
© 2019 HSN Consultants, Inc. THE NILSON REPORT 7SEPTEMBER 2019 / ISSUE 1160 / THE NILSON REPORT
Mastercard and Visa transactions from 10.5 million active merchant outlets in LA&C. Spending for goods and services (purchase
volume) tied to those transactions was $692.05 billion, up 4%. The six largest acquirers—Cielo, Rede, Getnet, BBVA Bancomer, Transbank, and Prisma Medios de Pago—collectively processed 73% of all Mastercard and Visa transactions handled by the top 42 acquirers.
Those 42 acquirers also processed 2.92 billion transactions (down 5%) from American Express, Diners Club, and Discover cards as well as domestic-only credit and debit cards issued in Argentina, Brazil, Chile, Colombia, Costa Rica, Curacao, the Dominican Republic, Ecuador, Jamaica, Mexico, Panama, Paraguay, Peru, and Puerto Rico. The largest domestic-only brands were Elo, Hipercard, Cabal, Banricompras, Redcompra, Clave, Credomatic, Cashnet, ATH, Carnet, and Midas. Purchase volume for Amex, Diners,
Discover, and domestic-only cards was $77.74 billion, down 11%. Domestic-only volume was $20.83 billion, down 35%.
Global brand and domestic-only brands combined generated 25.19 billion credit, debit, and prepaid card transactions at these acquirers, an increase of 10%. Purchase volume was $769.79 billion, up 2%. To reduce the impact of inflation and conversion from local currency to U.S. dollars, the year-over-year growth rates shown here are expressed in nominal dollars (i.e., local percent change).
Foreign exchange rates do not keep up with inflation, which masks the devaluation of a local currency to the U.S. dollar.
When a government also manipulates foreign exchange rates, as in Venezuela, the distortion widens.
validates the identities behind websites and digital documents. The company supports the Dmarc
(Domain-based Message Authentication, Reporting & Conformance) standard used by information technology professionals to secure communication between servers.
Companies that deploy Dmarc have created a consortium called Brand Indicators for Message Identification (Bimi). Members of Bimi want large companies to embrace Dmarc as the backbone of a system that verifies the sender of a message. An incentive to embrace Dmarc is senders will be able to display their corporate logos in email inboxes. To guarantee the proper logo is displayed, Bimi has created a Verified Mark Certificate (VMC). A VMC is provided to a company that has been strongly
vetted by a certificate authority. Once Dmarc and VMC technologies have been configured by a
company, their logo will automatically display in participating email platforms.
Google will be the first major email platform provider to test VMC. The test will begin in the first quarter of 2020.
Entrust Datacard is the first certificate authority for VMC. It will conduct a pilot test with JPMorgan Chase later this year. Chris Bailey is VP, Strategy and Operations at Entrust
Datacard in Minneapolis, Minnesota, chris.bailey@
entrustdatacard.com, www.entrustdatacard.com.
Google will be the first major email provider to test VMC.
Transactions VolumeRank Company (mil.) (bil.)
1 Cielo 6,900.0 $ 172.732 Rede 4,436.7 $ 122.623 Getnet 2,138.8 $ 51.684 BBVA 1,863.1 $ 54.695 Transbank 1,529.5 $ 60.796 Prisma Medios de Pago 1,373.4 $ 55.447 PagSeguro 1 1,235.0 $ 20.998 StoneCo 890.3 $ 22.999 Serv. de Pago Citibanamex–EVO 509.2 $ 23.59
10 BAC Credomatic Network 503.7 $ 20.31
Rankings are based on consolidated volume and transactions. Figures include all Latin America business. Volume is net (gross minus chargebacks) for American Express, Diners Club, Discover, JCB, Mastercard, UnionPay, Visa, and domestic general purpose cards such as Elo, Hipercard, Carnet, and Redcompra. 1 Number of transactions have been estimated. © 2019 The Nilson Report
Top Acquirers in Latin America 2018
Latin America’s 42 Largest Acquirers from page 1...
Verified Mark Certificates for Email from page 1...
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Visa/Mastercard 1 Other Cards 2 Active Merchant
OutletsPOS
TerminalsRank Transactions Volume Transactions Volume
‘18 ‘17 Company, Headquarters (mil.) Chg. (mil.) Chg. (mil.) (mil.)
1 1 Cielo, Brazil 5,300.0 -4% $ 137,688.3 -1% 1,600.0 $ 35,042.4 1,200,000 1,820,000
2 2 Rede, Brazil 4,328.5 8% $ 120,515.9 12% 108.2 $ 2,109.0 1,050,334 1,228,000
3 3 Getnet, Brazil 1,843.7 16% $ 46,451.7 19% 295.0 $ 5,226.8 481,965 774,825
4 4 BBVA Bancomer, Mexico 1,821.9 19% $ 52,602.9 25% — $ — 185,618 467,143
5 5 Transbank, Chile 1,482.7 24% $ 58,274.8 21% 46.8 $ 2,516.6 293,228 355,427
6 6 Prisma Medios de Pago, Argentina 1,370.0 16% $ 55,355.2 42% 3.4 $ 83.2 485,000 489,000
7 9 PagSeguro, Brazil 3 988.0 94% $ 16,793.9 98% 247.0 $ 4,198.5 4,135,473 5,125,000
8 7 StoneCo, Brazil 801.2 51% $ 20,694.6 55% 89.0 $ 2,299.4 267,900 339,134
9 8 Serv. de Pago Citibanamex–EVO, Mexico 470.8 7% $ 22,069.2 8% 38.4 $ 1,521.7 172,581 181,705
10 10 BAC Credomatic Network, Group 4 429.3 9% $ 15,219.2 5% 74.4 $ 5,090.3 103,619 180,661
11 11 First Data, Argentina 421.4 18% $ 16,821.3 43% 2.3 $ 90.6 335,279 350,367
12 13 Banorte, Mexico 417.1 30% $ 16,199.3 27% — $ — 107,595 157,953
13 12 VisaNet, Peru 397.1 23% $ 14,112.6 19% — $ — 248,802 247,820
14 14 Evertec Group, Puerto Rico 5 348.0 13% $ 13,594.6 17% 62.1 $ 3,111.7 29,938 44,227
15 15 Elavon/Santander, Mexico 340.5 23% $ 15,842.7 18% 0.1 $ 21.3 121,746 196,101
16 16 Bancolombia, Colombia 156.6 14% $ 8,226.9 16% 8.2 $ 740.4 145,470 6
17 18 HSBC, Mexico 145.8 27% $ 6,224.8 40% — $ — 48,052 85,579
18 17 Vero, Brazil 122.1 6% $ 3,245.8 16% 180.3 $ 3,969.7 258,078 2,091,103
19 38 VisaNet, Dominican Republic 107.4 8% $ 4,302.7 3% — $ — 25,597 41,592
20 19 CardNet, Dominican Republic 104.0 11% $ 4,184.8 1% 0.1 $ 15.0 23,254 39,924
21 20 Banco Davivienda, Colombia 91.7 11% $ 5,402.0 6% 6.4 $ 667.7 99,329 6
22 22 Banco Inbursa, Mexico 75.4 17% $ 2,270.1 18% 0.8 $ 6.1 67,999 74,052
23 24 Servicios Digitales Popular, Dominican Republic 73.0 25% $ 3,297.8 28% 0.2 $ 12.7 18,775 28,780
24 21 Banco Nacional, Costa Rica 66.2 3% $ 2,336.8 10% — $ — 61,633 50,936
25 25 BCR, Costa Rica 64.1 13% $ 1,982.9 11% — $ — 35,299 27,145
26 23 Banco de Occidente, Colombia 60.5 3% $ 2,450.4 -3% — $ — 25,638 6
27 26 Procesos de Medios de Pago, Peru 55.4 21% $ 2,199.7 15% 21.2 $ 1,338.0 136,938 162,271
28 28 Bancard, Paraguay 50.8 28% $ 1,819.4 16% 4.8 $ 119.8 28,448 40,256
29 27 Scotiabank, Mexico 50.1 21% $ 1,514.5 18% 0.2 $ 75.7 25,316 26,813
30 29 BBVA, Colombia 41.2 6% $ 2,091.0 5% — $ — 21,219 6
31 32 Banco del Pacifi co, Ecuador 39.6 23% $ 1,894.1 10% — $ — 81,698 57,564
32 30 Banco Caja Social, Colombia 37.9 6% $ 1,323.8 5% — $ — 17,898 6
33 31 Diners Club, Ecuador 28.7 -13% $ 2,465.7 19% 43.4 $ 4,267.4 71,537 91,618
34 34 Banco Agricola, El Salvador 23.4 21% $ 1,143.0 23% — $ — 2,004 4,403
35 33 Firstbank, Puerto Rico 22.9 6% $ 767.7 -17% 21.9 $ 726.2 4,491 5,447
36 35 Scotiabank, Puerto Rico 17.8 9% $ 3,453.8 7% 2.0 $ 984.3 7,901 9,560
37 — FirstCaribbean Intl Bank, Barbados 15.4 — $ 2,105.3 — 0.5 $ 238.5 5,378 7,140
38 37 National Commercial Bank, Jamaica 12.9 20% $ 1,583.7 31% 11.5 $ 1,016.8 13,137 17,267
39 36 Banco General, Panama 12.6 3% $ 1,042.0 -7% 11.6 $ 342.7 6,204 7,763
40 40 Maduro & Curiel’s, Curacao 7 9.6 13% $ 1,102.7 5% 20.2 $ 1,094.4 6,249 10,993
41 39 Republic Bank Limited, Trinidad & Tobago 8 8.8 1% $ 804.8 1% — $ — 6,758 9,719
42 41 Elavon/Santander, Puerto Rico 8.0 21% $ 580.0 19% 24.0 $ 812.0 3,623 4,112
Figures are net (gross minus chargebacks). Change in volume is based on local currency. 1 Visa and Mastercard credit, debit, and prepaid cards including Electron and Maestro. 2 Includes American Express, Diners Club/Discover, JCB, UnionPay, and domestic debit and credit cards. 3 Number of transactions have been estimated. 4 Includes Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. 5 Includes U.S. Virgin Islands and British Virgin Islands. 6 POS terminals are owned by Credibanco and Redeban. 7 Includes Aruba, Bonaire, and Sint Maarten. 8 Includes Grenada and Guyana. Foreign exchange regulations in Venezuela restricted access to U.S. dollars. This aff ected the exchangeability between the Venezuelan bolivar and the U.S. dollar. Combined with the extraordinary hyperinfl ation, which further distorted purchase volume when expressed in U.S. dollars, we did not include merchant acquirers from Venezuela in this ranking. © 2019 The Nilson Report
Largest Merchant Acquirers in Latin America 2018
© 2019 HSN Consultants, Inc. THE NILSON REPORT 9SEPTEMBER 2019 / ISSUE 1160 / THE NILSON REPORT
registers (ECRs) or PC-based systems, or ECRs or PC-based systems themselves.
Shipments of newly manufactured POS terminals into the Asia–Pacific region boomed in 2018 to 69.3 million devices, an increase of 48.3%. Asia–Pacific accounted for 77.6% or 22.6 million units of the total increase of 29.1 million units shipped in 2018.
The market share of worldwide shipments for Asia–Pacific was 66.90% in 2018, up from 62.73% the prior year.
Latin America and the Caribbean (LA&C) region received 13.9 million POS terminals last year, up 52.3%. This was an increase of 4.8 million units. The market share for LA&C grew to 13.37% from 12.20%.
Shipments to Europe reached 7.9 million units, up 13.7%. Europe’s market share dropped to 7.63% from 9.33%, even though it received nearly 1.0 million more devices than the prior year.
The Middle East–Africa region shipments reached 6.6 million terminals, an increase of 19.7%. However, its market share fell to 6.41% from 7.45%. Middle East-Africa, which had an increase of
nearly 1.1 million units versus the prior year, overtook the United States in the number of POS terminal shipments received.
Shipments to the United States of 5.6 million terminals was a decline of 5.2%. The U.S. region’s share of terminals shipped worldwide fell to 5.37% from 7.88%. The number of terminals shipped to the US. fell by 306,212 units.
POS terminal shipments to Canada reached 330,009, an increase of 6.8%. The number of terminals shipped to the region grew by 21,054 versus
the prior year. Canada’s market share fell to 0.32% from 0.41%.
In Asia–Pacific, Newland Payment Technology continued as the largest manufacturer with 13.7
million terminals shipped, an increase of 67.1% over 2017. China was Newland’s largest market. Shenzhen Xinguodu
Technology (Nexgo) ranked second largest in Asia–Pacific. It shipped 4.8 million more units in 2018 than 2017, when it ranked eighth largest in the region.
Middle East—Africa overtook the U.S. in POS terminal shipments.
Totals Include: 1. Wiseasy (300), New POS (52), MoreFun (27). 2. First Data (975), Waypotat (548), Worldline (43), ACS (14). 3. Payter (7,780), UIC (5,677), Centerm (3,801), BBPOS (2,397), Waypotat (2,200), Feitian (1,000), Wiseasy (200), ACS (191), MoreFun (90). 4. NewNote (1,250), First Data (1,000), Linkwell (951), BBPOS (340), MoreFun (36), ACS (28), UIC (15). 5. Spire (86,230), Feitan (74,300), Yarus (59,000),Bluebird (40,634), Toshiba (35,000), YouTransactor (35,000), Nayax (22,000), Worldline (15,515), SCSPro (8,000), Thumbzup (2,000), ACS (1,948), Waypotat (1,530),First Data (1,315), UIC (1,276). © 2019 The Nilson Report
1. Newland 13,657,985 19.7%
2. Xinguodu 6,981,958 10.1%
3. Itron 5,655,000 8.2%
4. Anfu 5,518,400 8.0%
5. Ingenico 5,442,200 7.9%
6. MoreFun 5,028,808 7.3%
7. Centerm 5,024,427 7.2%
8. Pax 4,410,429 6.4%
9. Tianyu 4,129,626 6.0%
10. New POS 2,274,561 3.3%
11. Verifone 1,501,417 2.2%
12. Dspread 1,356,000 2.0%
13. SZZT 1,050,000 1.5%
14. Sunyard 1,014,983 1.5%
15. Castles 920,000 1.3%
16. Vanstone 840,000 1.2%
17. Smartpeak 518,000 0.7%
18. Bitel 427,050 0.6%
19. Wiseasy 390,000 0.6%
20. Telepower 388,183 0.6%
21. Urovo 364,595 0.5%
22. WizarPOS 312,100 0.5%
23. Spectra 310,328 0.4%
24. BBPOS 297,779 0.4%
25. Justtide 255,000 0.4%
26. CyberNet 242,500 0.3%
27. TopWise 220,928 0.3%
28. Linkwell 149,204 0.2%
29. Panasonic 133,000 0.2%
30. Datecs 105,077 0.2% TOTAL 69,303,286 5
1. Dspread 1,029,000 15.5%
2. Bitel 896,550 13.5%
3. Castles 653,000 9.8%
4. Verifone 535,200 8.1%
5. Pax 526,123 7.9%
6. SZZT 500,000 7.5%
7. Justtide 300,000 4.5%
8. CyberNet 283,700 4.3%
9. Ingenico 271,930 4.1%
10. Newland 216,750 3.3%
11. Sunyard 195,421 2.9%
12. Bluebird 190,490 2.9%
13. Spectra 180,180 2.7%
14. Smartpeak 171,000 2.6%
15. Spire 129,495 1.9%
16. Centerm 106,387 1.6%
17. Vanstone 85,000 1.3%
18. Telepower 83,565 1.3%
19. WizarPOS 47,080 0.7%
20. Xinguodu 43,414 0.7%
21. New POS 43,076 0.6%
22. Worldline 37,288 0.6%
23. Yarus 27,800 0.4%
24. Urovo 24,988 0.4%
25. Waypotat 24,890 0.4%
26. Datecs 12,181 0.2%
27. Wiseasy 11,500 0.2%
28. Thumbzup 5,000 0.1%
29. Nayax 4,000 0.1%
30. YouTransactor 2,500 < 0.1% TOTAL 6,641,128 4
1. Ingenico 2,875,000 36.4%
2. Verifone 1,267,750 16.0%
3. Datecs 871,118 11.0%
4. Spire 581,129 7.3%
5. Pax 426,853 5.4%
6. Newland 302,500 3.8%
7. Castles 300,700 3.8%
8. Yarus 195,500 2.5%
9. Worldline 145,143 1.8%
10. Smartpeak 105,000 1.3%
11. Dspread 99,000 1.3%
12. Telepower 95,755 1.2%
13. Bitel 91,500 1.2%
14. CyberNet 76,100 1.0%
15. Nayax 60,000 0.8%
16. Sunyard 45,442 0.6%
17. YouTransactor 45,000 0.6%
18. Vanstone 36,000 0.5%
19. First Data 35,370 0.4%
20. NewNote 35,222 0.4%
21. CCV 27,000 0.3%
22. Urovo 25,024 0.3%
23. SZZT 23,000 0.3%
24. WizarPOS 20,400 0.3%
25. Justtide 20,000 0.3%
26. New POS 19,961 0.3%
27. Spectra 15,620 0.2%
28. Bluebird 15,200 0.2%
29. FlyPOS 14,600 0.2%
30. Xinguodu 13,094 0.2% TOTAL 7,907,317 3
1. Pax 5,101,001 36.8%
2. BBPOS 2,379,374 17.2%
3. Ingenico 1,389,100 10.0%
4. Verifone 1,372,083 9.9%
5. Dspread 720,000 5.2%
6. Castles 664,000 4.8%
7. YouTransactor 652,000 4.7%
8. SZZT 237,000 1.7%
9. CyberNet 188,000 1.4%
10. Justtide 175,000 1.3%
11. Gertec 168,143 1.2%
12. Spectra 143,000 1.0%
13. Newland 123,370 0.9%
14. Telepower 92,809 0.7%
15. Yarus 90,000 0.6%
16. Centerm 82,829 0.6%
17. Bitel 65,200 0.5%
18. Wiseasy 45,000 0.3%
19. New POS 35,649 0.3%
20. Sunyard 31,310 0.2%
21. WizarPOS 25,300 0.2%
22. Datecs 18,035 0.1%
23. Smartpeak 14,000 0.1%
24. Vanstone 12,000 0.1%
25. Xinguodu 7,174 0.1%
26. Bluebird 4,978 < 0.1%
27. Spire 4,640 < 0.1%
28. Feitan 3,000 < 0.1%
29. Urovo 2,940 < 0.1%
30. Nayax 2,000 < 0.1% TOTAL 13,850,515 2
1. Ingenico 122,500 37.1%
2. Dspread 55,000 16.7%
3. SZZT 43,500 13.2%
4. Verifone 34,885 10.6%
5. Castles 12,000 3.6%
6. YouTransactor 10,000 3.0%
7. Bluebird 9,932 3.0%
8. WizarPOS 7,100 2.2%
9. Smartpeak 7,000 2.1%
10. Nayax 6,000 1.8%
11. Yarus 3,900 1.2%
12. Sunyard 3,300 1.0%
13. Wiseasy 3,000 0.9%
14. First Data 3,000 0.9%
15. Urovo 2,572 0.8%
16. Newland 2,190 0.7%
17. New POS 910 0.3%
18. Telepower 839 0.3%
19. Waypotat 720 0.2%
20. Pax 611 0.2%
21. Vanstone 600 0.2%
22. Spectra 450 0.1% TOTAL 330,009
1. Verifone 1,597,026 28.7%
2. Ingenico 948,640 17.1%
3. First Data 700,800 12.6%
4. BBPOS 572,973 10.3%
5. Castles 457,000 8.2%
6. UIC 285,422 5.1%
7. Equinox 252,400 4.5%
8. Pax 185,401 3.3%
9. USA Tech. 173,000 3.1%
10. Square 112,573 2.0%
11. SZZT 102,500 1.8%
12. Nayax 60,000 1.1%
13. Dspread 17,000 0.3%
14. Datecs 15,128 0.3%
15. Smartpeak 15,000 0.3%
16. Yarus 13,200 0.2%
17. Urovo 9,803 0.2%
18. WizarPOS 9,500 0.2%
19. Telepower 8,692 0.2%
20. Xinguodu 4,081 0.1%
21. ACS 4,000 0.1%
22. Sunyard 3,300 0.1%
23. MagTek 3,300 0.1%
24. YouTransactor 3,000 0.1%
25. Bluebird 2,825 0.1%
26. Newland 2,050 < 0.1%
27. Bitel 1,500 < 0.1%
28. Vanstone 1,500 < 0.1%
29. Worldline 630 < 0.1%
30. Waypotat 520 < 0.1%
TOTAL 5,563,143 1
Asia – PacificMiddle East – AfricaEuropeLatin AmericaCanadaUnited States
Manufacturers of POS Terminals Ranked by Shipments in 2018 Market Shares by Region
> see p. 12
POS Terminal Shipments Worldwide from page 1...
© 2019 HSN Consultants, Inc. THE NILSON REPORT10 VISIT US ONLINE AT WWW.NILSONREPORT.COM Order Back Issues / Preview Upcoming Conferences / View Newsletter Archive 11SEPTEMBER 2019 / ISSUE 1160 / THE NILSON REPORT
company estimates that consumer and commercial recurring payments are a $40-trillion market annually on a global basis.
GoCardless’s more than 45,000 clients access its cloud-based service using a dashboard or API. Processing volumes exceed $1.20 billion a month. Merchants pay GoCardless a percentage of the value of each transaction and in some cases monthly fees depending on the level of customization of the service.
Failure rates from pull transactions tied to recurring payments are in the 3% range. For payment cards, failure rates on recurring payments are significantly higher.
The U.K.-based company recently completed expansion of its account-to-account (A2A) payment service and can support merchants in 30 countries in Europe, North America, Australia/New Zealand, and South Africa. GoCardless believes its authorization-based pull payment service, which covers up to 70% of the potential global market for recurring payments,
is the only global network of its kind. Other A2A processors either push payments to billers or offer pull payments only in select domestic markets.
GoCardless is integrated with more than 150 platforms, including those of accounting software companies that focus on small businesses such as Xero, Sage, and Intuit’s Quickbooks, as well as that of subscription software company Zuora. Enterprise clients include TripAdvisor, Thomas Cook, and The Guardian.
The company’s global network is built on direct debit settlement links including with ACH (U.S.),
SEPA (EU), PAD (Canada), Autogirot (Sweden), BACS (U.K.), BECS (Australia), BECS NZ (New Zealand),
and Betalingsservice (Denmark). Those networks present different technological challenges to facilitate frictionless clearing services. GoCardless solves that problem and gives clients access to all with one API.
GoCardless has received more than $120 million in funding, including $75 million in a Series E round in February of this year. Duncan Barrigan is VP Product at GoCardless Ltd.
in London, U.K., [email protected],
www.gocardless.com.
Shenzhen Itron Electronics was third largest in Asia–Pacific. It shipped 1.9 million more units in 2018 than 2017. The company’s largest markets were China, South Korea, and Taiwan. Beijing Shenzhou Anfu Technology was fourth largest. It shipped 1.9 million more units in 2018 than 2017. China and Indonesia were its top markets.
Pax Technology continued as LA&C’s largest manufacturer. It
shipped 2.5 million more units in 2018 than 2017. BBPOS remained second largest. It shipped 0.8 million more units than the prior year.
In Europe, Ingenico and Verifone continued as the top manufacturers. Datecs moved up to third largest with an increase of 0.4 million units.
In the Middle East–Africa region, Dspread Technology was the largest manufacturer. Its main
markets were Zimbabwe, Nigeria, the United Arab Emirates, and South Africa. Bitel and Castles Technology were second and third largest.
For shipments to the United States, Verifone and Ingenico were the largest manufacturers. For Canada, Ingenico, Dspread, and SZZT Electronics were the largest.
Prior issues: 1154, 1152, 1151,
1146, 1145, 1144, 1143, 1142, 1141
The company can support mer-chants in 30 countries.
POS Terminal Shipments Worldwidefrom page 11
GoCardless Pull Payment Processing from page 1...
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© 2019 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, PublisherSeptember 17, 2019
