U.S. GENERAL PURPOSE CARD S ThROUGh 3Q ‘12 Payment Cards ...cf.uatp.com/files/uploads/PDF/TheNilsonReport.pdf · U.S. GENERAL PURPOSE CARD S ThROUGh 3Q ‘12 Purchase transactions

INSIDE:

Fast Facts P 2-4 | combo card With display in belgium P 5 | hologram business sold P 5 | Valid adds Vmark assets in the u.s. P 6 chexar supports Visa prepaid P 8 | real-time payments in australia P 10 | elaVon/santander Joint Venture P 12

CHARTS: merchant acquirers in iran P 7 | u.s. gp cards through 3q P 8 | acquisitions/inVestments P 9 | top 150 acquirers WorldWide P 11

U.S. GENERAL PURPOSE CARDS ThROUGh 3Q ‘12Purchase transactions generated by general purpose credit and debit (including prepaid) cards in the U.S. from January 1 through September 30, 2012, increased by 3.5% versus the total for the

TOP ACQUiRERS WORLDWiDEThe 150 largest merchant acquirers are ranked on page 11 by the number of general purpose credit, debit, and prepaid card purchase transactions at merchants during calendar year 2011.

VODAfONE AND CORfiRE ARE MObiLE WALLET PARTNERSCorFire will provide its mobile wallet technology to mobile network operator Vodafone for deployment to smartphone users in Europe and Asia. The CorPay platform supports both NFC-based/

VANTiV TO ACQUiRE LiTLE & CO.The third largest U.S. acquirer of payment card transaction, Vantiv, will pay $361 million in cash and stock to buy Litle & Co., a pioneer in the processing of card-not-present transactions. Litle

M&A AND CORPORATE fiNANCiNG — 3RD QUARTER 2012Turn to page 9 for a list of 87 payments-related mergers, acquisitions, joint ventures, and corporate financing transactions that occurred from July 1 through September 30, 2012.

CARD PAYMENTS iN iRANIn the 12-month period ended March 2012 there were 1.27 billion debit and prepaid card transactions in Iran generated by more than 174 million payment cards issued by the country’s banks. Those

MORPhO ADDS AbNOTE EUROPE ASSETSMorpho, the fourth largest smart card manufacturer and ninth largest payment card manufacturer in the world, will acquire American Banknote subsidiaries CPS Technologies in France and

PAYMENT CARDS PROjECTED WORLDWiDEPayment cards in circulation worldwide reached 13.45 billion in 2011, up 4.54 billion over the last five years. These included cards with global general purpose brands (Visa, MasterCard, American Express, Maestro, JCB, Diners Club, and UnionPay), domestic general purpose brands

Private Label includes PrepaidUnionPayVisaMasterCardMaestroDomestic General PurposeAmexJCBDiscoverDiners

20068.91

201113.45

201618.28

7.30

5.46

4.03 1.30

1.71

0.81 2.95

1.06

2.35

4.66

1.420.890.68

3.05

© 2012The Nilson Report

Payment Cards IssuedWorldwide (Bil.)

NOVEMBER 2012 Issue 1,006For 42 years, the leading publication covering payment systems worldwide.

© HSN Consultants Inc. 2012 THE NILSON REPORT Reproducing or allowing reproduction or dissemination of any portion of this newsletter in any manner for any purpose is a copyright violation subject to substantial fines. Yearly Subscription for 23 print and electronic issues is $1,295. ISSN 1087-8718THE NILSON REPORT: 1110 Eugenia Place, Suite 100, Carpinteria, CA 93013 USA • PHONE (805) 684-8800 • FAX (805) 684-8825 • [email protected]

... turn to page 7

... turn to page 7

... turn to page 8

... turn to page 5

turn to page 11

www.nilsonreport.com

• Order back issues• View front-page articles for the last 3 years• Find links to upcoming conferences

... turn to page 12

... turn to page 10

turn to page 9

U.S. DiStrict coUrt Judge John Gleeson has given prelimi-nary approval to the proposed settlement of class-action litigation brought by U.S. retailers against Visa, MasterCard, and a number of large U.S. banks. If a final order is made by Judge Gleeson, there will almost certainly be merchants who file an appeal to the Second Circuit Court of Appeals.

FirSt Data merchants that use the company for processing support such as host and terminal services and next-day fund-ing can now purchase Datacap's Tran and ePay POS products on a monthly payment basis through resellers and First Data. Gale Peters is VP of Sales and Marketing at Datacap, (757) 496-6478, [email protected], www.datacapsystems.com. Neal Korzekwinski is SVP, Partner Sales & Mgmt. at First Data, (631) 683-7060, [email protected], www.firstdata.com.

NetSpeND has signed a contract with Intuit to offer prepaid cards to the 24 million customers who use Intuit's TurboTax software online and the more than 1 million small business owners who use its QuickBooks for payroll services. Dan Henry is CEO at NetSpend, (512) 531-8786, [email protected], www.netspend.com. Eric Dunn is SVP Payments Initiatives at Intuit, (650) 944-6000, [email protected], www.intuit.com.

Silver tail SyStemS, a top provider of Web session intelligence and behavioral analytics to fight mobile and online fraud and other cybercrimes, has been acquired by EMC, the cloud- based data storage company. Terms were not disclosed. Tim Eades is CEO at Silver Tail Systems, (650) 649-0120, [email protected], www.silvertailsystems.com.

THE NILSON REPORTNUMBER 1006 November 2012 - 1 -

11th AnnuAl SCA GovernmentConferenCe 2012

Two-Day ConferenceNovember 28-29, 2012 The Walter E. Washington Convention Center, Washington, D.C.

Subscribers to The Nilson Report will receive a 20% discount. (Use code MSDISC.)

Topics include: mobility and secure credentialing, NSTIC governance structures and pilot programs, 2013 - The Year of Identity; ID security technology, applications, implementation & policy, healthcare id security; managing network security using mobile devices in a BYOD environment and applying NSTIC’s identity ecosystem principles for Internet security. Speakers represent: Smart Card Alliance, Booz Allen Hamilton, NIST, Government of Canada, HP Enterprise Services, Gemalto, Deloitte and Touche, Oberthur, XTec, Identive, and more. Cost is $940. Contact Jaci Snyder at Smart Card Alliance, (203) 512-0531, [email protected]. Register at www.govsmartid.com.

FEATURED CONFERENCE 20%

Conf

eren

ce li

nks a

t ww

w.ni

lsonr

epor

t.com

FirSt BaNkcarD, the credit card division of First National Bank of Omaha, will offer unsecured loans (no card accounts) to the 3 million members of the National Education Association (NEA). First Bankcard has also purchased $261 million in unsecured loans tied to NEA members from the FIA Card Services affiliate of Bank of America. Stephen Eulie is President at First Bankcard, (402) 602-3905, [email protected], www.firstnational.com.

WEX INc. is the new name for Wright Express, provider of plastic, digital, and virtual corporate card payment services to more than 350,000 customers in North America, Asia/Pacific, and Europe. Michael Dubyak is CEO at WEX, (207) 761-7103, [email protected], www.wexinc.com.

iNtrix techNology, provider of payment processing software as well as PCI compliance support, has signed Omega Financial as a new client. Omega provides financial, fundraising, and commu-nications services to several thousand U.S. college fraternities and sororities. Omega will also use the Intrix payment gateway, which connects to all major processors including Chase Paymentech, TSYS, First Data, WorldPay, and Global Payments. Jeff Connors is CEO at Intrix, (917) 864-0941, [email protected], www.intrix.com.

alliaNce Data retail ServiceS will provide its nearly 25 million active cardholders the opportunity to manage their private label credit card accounts at Manilla's Web portal. Manilla's platform provides free, secure online access to all household accounts. Dan Finkelman is CMO at Alliance Data Retail Services, (614) 729-4101, [email protected], www.alliancedata.com. Jim Schinella is COO at Manilla, (212) 969-7563, [email protected], www.manilla.com.

2012 GlobAl PAymentS StrAteGieS ConferenCe

Balancing Regulation and InnovationTwo-Day ConferenceDecember 5-6, 2012The JW Marriott HotelMiami, Florida

Subscribers to The Nilson Report will receive the Member Rate. (Use code NLSRPT12 at checkout to receive the member price.)

Topics include: balancing regulatory impacts with growth, creating & implementing an ACH in Bangladesh, payments innovations in Latin America, examining the global regulatory landscape, the state of EMV in the Americas – A Look at the U.S., Canada and Mexico, and navigating the changing world of making payments to China. Speakers represent: PayPal, Bangladesh Bank, ACH Colombia, Banco de Mexico, Earthport, Brookings Institute, NBPCA, Aite Group, Meta Payment Systems, Comerica Bank, Federal Reserve Bank of Atlanta, Pillsbury Winthrop Shaw Pittman LLP, MasterCard, Western Union, and more. Cost is $1,425 members/$1,575 nonmembers. Contact Member Services at NACHA, (703) 561-1100, [email protected]. Register at www.nacha.org/GlobalPaymentsStrategiesConference.

FEATURED CONFERENCE memberprice

Conf

eren

ce li

nks a

t ww

w.ni

lsonr

epor

t.com

Fast Facts > > > > > > > > >

2 noVember 2012 issue 1,006 the nilson reportIf you are being forwarded a copy of this report, you are not an authorized user and must delete the report

immediately. Your obtaining an unauthorized copy may violate the intellectual property rights of HSN Consultants, Inc. d/b/a The Nilson Report. The right to possess digital versions of this report is granted solely to the individual subscriber.

> > > > > > > > > Fast FactsChirpify, provider of payment processing services for Twitter trans-

actions, now offers in-stream payment acceptance for Instagram. Businesses and consumers can buy, sell, donate, and exchange funds without leaving Instagram. Chirpify says 40% of the world's most popular brands are on Instagram, and between Twitter and Instagram, there are about 250 million people and brands that can utilize Chirpify. Chris Teso is CEO at Chirpify, (503) 208-3068, [email protected], www.chirpify.com.

AmeriCAn BAnCArd, an ISO, has acquired smaller competi-tor Trilogy Payment Solutions (TPS). Terms were not disclosed. TPS was represented by The Strawhecker Group. Sam Zietz is CEO at American Bancard, (561) 961-1616, [email protected], www.americanbancard.com. Kurt Strawhecker is Managing Partner at The Strawhecker Group, (402) 964-2617, [email protected], www.thestrawgroup.com.

federAl reserve BAnk of kAnsAs City has released a new publication called "Consumer Payment Innovation in the Connected Age," which summarizes the results of an international conference it hosted in March. The publication includes presenta-tions of executives from Square, Green Dot, PayPal, and Google. Download at http://www.kc.frb.org/publicat/pscp/2012/complete-proceedings.pdf.

plAnet Group has enhanced its Acquire360 merchant billing settlement and chargeback system with aggregation processing support and additional reserve management and pricing tools. Tom Nichting is CEO at Planet Group, (402) 964-1948, [email protected], www.planetgroupinc.com.

text2pAy, provider of mobile payment processing services, now offers Tap2Pay, which lets consumers buy virtual goods and services on their mobile device with a single tap. Tap2Pay can detect if the device is an iPhone, Android, or Windows Mobile. Its identification process recognizes the user's phone number so they don't have to input a password or PIN. Text2Pay offers direct carrier billing and premium SMS billing in 43 countries. Mark Reiken is Director, (646) 884-4841, [email protected], www.text2pay.com.

BestBill, a billing and e-billing portal company whose technology includes Virtual Negotiator, SMS payments, and IVR services, has integrated BillingTree's payment processing engine into its plat-form. Dave Roberts is CEO at BillingTree, (602) 443-5948, [email protected], www.mybillingtree.com. Dan Haugland is CEO at BestBill, (623) 516-4700, [email protected], www.bestbill.com.

ACCertify's fraud prevention and risk management technology will be deployed by easyJet in Europe, which operates 200+ aircraft serving 57+ million passengers annually. American Express owns Accertify. Jeff Liesendahl is President at Accertify, (630) 735-4410, [email protected], www.accertify.com.

GuArdiAn AnAlytiCs, provider of behavior-based fraud prevention technology used by financial institutions in online and mobile banking channels, now offers FraudMAP ACH, which auto-matically analyzes ACH batches and transactions and prioritizes the highest risk payments for review. Craig Priess is VP of Products and Business Development, (650) 383-9200, cpriess@ guardiananalytics.com, www.guardiananalytics.com.

management > CHANGES

Irni Palar has been appointed Country Manager, Indonesia at MasterCard Worldwide, 62 (21) 5790-0325, [email protected]. Sam Sassen has been appointed Director of Client Relations at The Members Group, (515) 457-5246, [email protected]. John Sturino has been appointed Vice President of Product at Braintree, (312) 257-2300, [email protected]. Jason Jones has been appointed COO at Invoiceware International, (678) 381-8612, [email protected]. Brian Voigt has been appointed SVP of Strategy and Business Development at Spindle, Inc., (480) 646-3291, [email protected]. Kevin Goldmintz has been appointed Head of Hong Kong & Macau at MasterCard Worldwide, (852) 2588-8301, [email protected]. Francine Dubois has been appointed VP, Global Sales and Partnerships at NagraID Security, (310) 841-2939, [email protected].

AmeriCAn express now issues an NFC-based contactless prepaid card in Singapore in partnership with the country's EZ-Link public transportation operator. Kula Kulendran is EVP and Head of Global Network Services for Japan, Asia-Pacific and Australia at American Express, (65) 6317-6108, [email protected], www.americanexpress.com. Wai Meng Cheong is AVP Business Development at EZ-Link, (65) 9796-9879, [email protected], www.ezlink.com.sg.

ElEctracard SErvicES, provider of software and third-party processing services for cards and payments management, will be represented in the UAE by systems integrator Raqmiyat. Ramesh Mengawade is CEO at ElectraCard, 91 (20) 6627-2139, [email protected], www.electracard.com. Tapas Roy is CEO at Raqmiyat, (971) 4295-9606, [email protected], www.raqmiyat.com.

CiBC, Canada's 2nd largest credit card issuer, and Rogers, the country's largest mobile network operator, have completed the first point-of-sale mobile credit card transaction in the country using the secure SIM card inside an NFC-enabled smartphone. The CIBC Mobile Payment App is initially available for two BlackBerry devices. David Williamson is Sr. EVP and Group Head Retail and Business Banking at CIBC, (416) 980-2211, [email protected], www.cibc.com. David Robinson is VP, Emerging Business at Rogers Communications, (416) 935-5112, [email protected], www.rogers.com.

inG BAnk in the Netherlands will reissue its Maestro debit cards with MasterCard PayPass contactless chip technology by mid-2013. Arjan Bol is Director of Payments at ING, 31 (20) 576-4401, [email protected], www.ing.com. David Dechamps is MasterCard Benelux General Manager, 32 (2) 352-5811, [email protected], www.mastercard.com.



> > > > > > > > Fast FactsWorldPay, the 4th largest merchant acquirer worldwide mea-

sured and Europe's largest by transactions processed, now offers airline and travel merchants access to UATP through its gateway. UATP is the payment network owned by airlines. It focuses on corporate travel payments. Phillip McGriskin is Chief Product Officer at WorldPay, 44 (203) 246-5627, [email protected], www.worldpay.com. Ralph Kaiser is CEO at UATP, (202) 626-4087, [email protected], www.uatp.com.

Payza, an e-commerce processing company and e-wallet provider to 9 million businesses and consumers, will incorporate the TRUSTe Privacy Seal Program into its websites. Over 5,000 Web properties deploy TRUSTe to align privacy practices with regulatory require-ments including Apple, AT&T, Disney, eBay, HP, and Microsoft. Mohammad Hashemi is VP of Product and Business Strategy at Payza, (514) 825-3500, [email protected], www.payza.com.

InsIde secure's new VaultSEcure IC product for mobile phones allows multiple third parties to independently install and control their own applets in the same secure element. VaultSEcure includes encryption, memory, and microprocessor. It stores and protects applications and data for payment card, transit, ticketing, building access, and identity transactions. Pierre Garnier is EVP of the NFC and Secure Payment Division, 33 (4) 4239-6300, [email protected], www.insidesecure.com.

oPera Payment exchange (OPX) will integrate to Naranya Monetization Network, which has access to 500 million mobile phones in Latin America by way of direct carrier billing agreements in seven countries in the region. OPX is a service of Opera Software, whose Opera Mini product is the world's most widely used mobile browser. Sameer Merchant is VP Mobile Commerce, Opera Soft-ware, (650) 625-1262, [email protected], www.opera.com. Carlos Galvan Contreras is COO at Naranya, 52 (81) 8044-4500, [email protected], www.naranya.com.

ServicioS electronicoS GlobaleS (e-Global), a switch and card processing joint venture of BBVA Bancomer and Citi Banamex, has deployed Alaric's Authentic Open Develop-ment Payment platform supported by Stratus Technologies. Mike Alford is CEO at Alaric, 44 (207) 593-2200, [email protected], www.alaric.com. Arturo Lopez Esquivel is CIO at eGlobal, 52 (55) 1253-2761, [email protected]. Juan Gonzalez Gasque is Gen. Dir. at Stratus, 52 (55) 8000-4105, juan.pablo.gonzalez@ stratus.com.mx, www.stratus.com.mx.

credIt mutuel/cIc, Europe's 3rd largest merchant acquirer, will be first to deploy a card payment service using SEPA standards based on a single EMV payment application. Claude Brun is Manag-ing Director at BECM/Credit Mutuel-CIC Group, 33 (3) 8814-7001, [email protected], www.creditmutuel.fr. Pierre-Antoine Vacheron is Managing Director Europe-SEPA at Ingenico, 33 (1) 5801-8705, [email protected], www.ingenico.com.

rev WorldWIde, a prepaid card program manager based in the U.S., has launched its first product in Brazil. The MEO card, which is being issued by Bonsucesso Bank, is a reloadable MasterCard card that lets users send money from one account to another via SMS or a smartphone app. It can be reloaded at the Boleto Bancario bill payments network of 150,000 merchants. Aléxia Duffles is Head of Cards at Bonsucesso Bank, 55 (31) 2103-7821, alexia.duffles@ grupobonsucesso.com.br, www.meocartao.com.br. Roy Sosa is CEO at Rev Worldwide, (512) 366-3640, [email protected], www.revworldwide.com. Alexandre Magnani is VP of Business De-velopment at MasterCard, 55 (11) 5508-3900, [email protected], www.mastercard.com.br.

- 3 -

Payments, settlementsand Remittances asia 2012Two-Day ConferenceNovember 21-22, 2012Sheraton Four PointsBangkok, Thailand

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

Topics include: overview of payments market and systems in Asia, practical approaches and rethinking best practices and monetization, creating meaningful partnerships and technology highlights, best practices from retailers, and consumers and governments. Workshops on: liquidity management, security and risk management of payments, seamless implementation of e-payments technology. Speakers represent: Bank of Thailand, Visa, ReD Worldwide, Rakuten Tarad.com, and Asia Pay. Cost is $3,647 including workshops. Contact Rex Ian Sayson at Arc Media Global, (65) 6818-6344, [email protected]. Register at www.arcmediaglobal.com/payments.

FEATURED CONFERENCE 20%

Conf

eren

ce li

nks a

t ww

w.ni

lsonr

epor

t.com

4Th MEgA EvENT (LOyALTy/ANCiLLARy/CO-BRAND) 2012: November 27-28, 2012. The Hyatt La Jolla Hotel, San Diego, California. Estimated attendance: 450+. Cost for the two-day conference is from $499 for airlines and $1,149 for suppliers. Subscribers to The Nilson Report will receive a 20% discount (for new bookings). Contact Michael Smith at Airline Information for discount code, 44 (141) 416-0800, [email protected]. Register at www.airlineinformation.org.

MOBiLE MONEy & Apps LATAM 2012: November 29-30, 2012. The Mayfair Hotel & Spa, Coconut Grove, Florida. Estimated attendance: 100-150. Cost for the two-day conference is $1,200. Subscribers to The Nilson Report will receive a 20% discount. Contact Ana Maria Yumiseva at Frecuencia Latinoamérica, (305) 567-2492, [email protected]. Register at www.mobilemoneylatam.com.

MERChANT pAyMENTs ECOsysTEM 2013: February 12-14, 2013. The InterContinental, Berlin, Germany. Estimated attendance: 450. Cost for the three-day conference is $3,526. Subscribers to The Nilson Report will receive a 20% discount. Contact David Vesely at Empiria Group, 421 (245) 248-931, [email protected]. Request brochure and registration form at www.merchantpaymentsecosystem.com.

CONFERENCEs & sEMiNARs

Conf

eren

ce li

nks a

t ww

w.ni

lsonr

epor

t.com



The PaschiCombo card issued by Banca Monte Paschi Belgio

in Belgium is a Maestro card on one side and a MasterCard card on the other. Both access the cardholder’s deposit account.

Cardholders can decide at the point of sale whether to withdraw funds immediately (Maestro) or once a month (MasterCard).

The PaschiCombo card includes a contactless chip that can initiate MasterCard PayPass transactions. A merchant’s POS terminal determines whether those transactions are handled as Maestro or MasterCard. The card also has a display screen that generates a one-time code that cardholders can use at online merchants who deploy 3D Secure services.

Banca Monte Paschi will replace all of its Maestro

and MasterCard cards with the PaschiCombo card. Dino Albanese is Head of Cards at Banca Monte Paschi Belgio in

Brussels, Belgium, 32 (2) 220-7239, [email protected], www.montepaschi.be.

The PaschiCombo card was manufactured by Oberthur. The battery assembly and display

were provided by Nagra. MasterCard consulted with the issuer for more than two years and relaxed card design rules to enable PaschiCombo to reach the market. David Dechamps is General Manager, Benelux at MasterCard in Waterloo, Belgium, 32 (2) 352-5811, [email protected], www.mastercard.com.

EMV-compliant (general purpose) and 2D barcode-based (private label) transactions for applications including payment at the point of sale, transit,

access, loyalty, vouchers, and more.

CorPay-supported NFC-based contactless payments can be executed with card account

details located either in a mobile phone’s SIM card or in an embedded, dedicated secure element. When Vodafone brings

Vodafone and Corfire are Mobile Wallet Partners(from page 1)...

The holographic security business of JDSU, formerly American Bank Note Holographics (ABNH), has been sold to OpSec for $11.5 million in cash with the possibility of another $4 million to be paid depending upon performance over the next year. JDSU paid $138 million for ABNH in 2008 in an all-stock (except for $1 in cash) transaction.

The business produces holograms for Visa, MasterCard, Discover, American Express, and

other payment cards worldwide that are hot stamped onto cards issued by more than

20,000 financial institutions.

OpSec provides several kinds of optical-variable devices including holograms, diffraction

grating imaging, and liquid crystal technology, which its customers

use to protect against counterfeiting of high-security documents including bank notes and share certificates. Mike Angus is CFO at OpSec in Englewood, Colorado, (720) 394-2803, [email protected], www.opsecsecurity.com.

bATTERY ASSEMbLY AND DiSPLAY WERE PROViDED bY NAGRA iD.

CoMbo Card With disPlay in belgiuM

... turn to page 6

holograM business sold



http://www.montepaschi.be

http://www.mastercard.com

http://www.opsecsecurity.com

its wallet to market sometime next year in Europe, it

will launch

NFC-based payments first using SIM cards, not embedded secure elements, to initiate contactless EMV transactions. This will enable Vodafone, and the service providers who will market the wallet to their customers, to reach a larger number of consumers.

CorPay can also handle the trusted service manager function needed to provide over-the-air provisioning of card account data to handsets. However, Vodafone plans to use Gemalto in that capacity.

CorFire customers include Google, First Data, SK Telecom, T-Money, China Telecom,

Dunkin’ Brands, and Citibank. Dunkin’ uses CorPay’s mobile 2D barcode application and back-office management system, features that Vodafone will offer to retailers and other service providers. Pascal Caillon is VP, Business Development at CorFire in San Francisco,

California, (917) 740-1686, [email protected], www.corfire.com.

Vodafone operates in more than 30 countries through controlled or jointly controlled companies serving 407 million customers.

Vodafone will act as an aggregator, offering commercial

enterprises the opportunity to reach their customers with widgets that hold their mobile services. Offers can be received and redeemed in the wallet.

Vodafone is majority owner of M-Pesa, a mobile banking

and bill payment service that operates in seven countries. M-Pesa is not a smartphone-based system. However, over time, the wallet will be in M-Pesa markets where contactless NFC payments are introduced at the point of sale and smartphone penetration is significant. Christian Wirtz is Group Director, mCommerce at Vodafone Group Services in Dusseldorf, Germany, 49 (211) 820-1880, [email protected], www.vodafone.com.

Valid USA, a wholly owned subsidiary of Brazil-based Valid, has been designated by a court-

appointed bankruptcy trustee as the successful bidder for

substantially all of the operating assets of the Vmark companies. The bid was $51.2 million. The deal is expected to close by the end of this month.

Vmark assets include Versatile Card Technology, Qualteq, Creative Automation, Unique Mailing Services, Global Card Services, Unique Embossing Services, Automated Presort, Fulfillment Xcellence, Unique Data Services, and Veluchamy.

Vmark customers include Bank of America, Chase Card Services, and Citibank. Its

revenues, which were in the $140 million range annually before filing for bankruptcy, are now at about $120 million.

Valid manufactures 200 million payment cards annually in Brazil. It also produces driver’s licenses, SIM cards for mobile handsets, and PKI tokens used to generate digital certificates to secure online messages between corporations and the government. Competitors in Brazil include

Gemalto, G&D, Morpho, and Oberthur.

Valid operates a SIM card manufacturing facility in Spain and a bank card manufacturing plant in Argentina. Earlier this year it paid $1.5 million to buy disaster recovery company PPI Secure Solutions in the U.S. Jose Roberto Mauro is CEO at Valid S.A. in Rio de Janeiro, Brazil, 55 (21) 2195-7207,

[email protected], www.valid.com.br.

... ThEY WiLL fiRST LAUNCh NfC PAY-MENTS TiED TO SiM CARDS.

VALiD ALSO OWNS PLANTS iN bRAziL, SPAiN, AND ARGENTiNA.

Valid adds VMark assets in the u.s.

Vodafone and Corfire are Mobile Wallet Partners(from page 5)...



http://www.corfire.com

http://www.vodafone.com

http://www.valid.com.br

(such as Discover, Interac, BC, Star, Bancontact, BankAxept, etc.), and private label credit, debit, and prepaid cards (such as store cards and gasoline cards).

Private label cards accounted for 40.56% of the world total in 2011, down from 45.23% in 2006. Many of these cards are prepaid “gift” cards for use at retailers. UnionPay cards accounted for 21.92% in 2011, up from 14.58% in 2006. Visa cards accounted for 17.46% in 2011, down from 19.23%. MasterCard cards accounted for 7.87% in 2011, down from 9.12%. The rest (Maestro, domestic general purpose, American Express, JCB, Discover, and Diners Club cards) accounted for 12.18% in 2011, up from 11.84% in 2006.

By 2016, the payment card industry is expected to see a cumulative increase of 4.83 billion cards, led by private label cards (mostly prepaid), up 1.85 billion. UnionPay will follow with an increase of 1.71 billion, then Visa, up 0.70 billion, MasterCard, up 0.36 billion, and the rest up 0.22 billion.

UnionPay will be the only general purpose brand that will increase its share. UnionPay cards in circulation are projected to gain 3.55 percentage points to 25.47%. MasterCard cards are projected to decline 0.13 percentage points to 7.75%, private label cards are projected to decline 0.60 percentage points to 39.96%, Visa cards down 0.79 percentage points to 16.67%, and the rest down 2.03 percentage points to 10.15%.

transactions were handled by the 10 acquirers listed here.

Credit cards are available in Iran. However, there are relatively few as the country is still creating a credit bureau infrastructure. Currently cardholders must have a cosigner, sometimes more than

one cosigner, to even apply for a card.

Card payments at the point of sale are booming in Iran. Debit and prepaid card transactions grew by more than 130% in 2011 over 2010 after the Central Bank of Iran instituted a 0% discount rate policy to encourage merchants to deploy POS terminals. This followed the September 2010 action of the Iranian government to cut subsidies that consumers received for commodities and energy. To compensate, the government deposited $40 a month (44,000 rials) into every citizen’s bank account. Anticipating long lines in bank branches to withdraw that cash, the Central Bank of Iran told banks to issue debit cards to give people access to their money via ATMs and the point of sale. Cardholders do not pay any fees for the cards or transactions.

There were nearly 2.1 million POS terminals operating in Iran at the end of March 2012. Merchants can deploy multiple

terminals to access special services available from a particular bank. On-us transactions are authorized and settled directly by the bank

issuer/acquirer. Transactions that need to be routed to another issuer are handled by Informatics Services Corp., majority owned by the central bank, which operates a national switch called Shetab.

Top providers of merchant acquiring services in Iran include Fanap, Eniac Tech, and Iran Kish. Fanap, a unit of Bank Pasargad, has written custom software for more than 300,000 POS terminals manufactured by Castles Technology.

Merchant Acquirers in IranFiscal Year Ended March 2012

POS Vol. POS Trans. POS Brand ($U.S. bil.) (mil.) Terminals

Bank Mellat $90.73 271.3 339,100

Bank Melli $46.30 239.1 384,075

Bank Saderat $33.43 192.7 384,529

Parsian Bank $9.37 273.0 285,616

Bank Pasargad $7.56 67.2 128,911

Keshavarzi Bank $6.73 53.0 136,246

Tejarat Bank $6.53 80.2 165,000

Saman Bank $4.35 43.2 106,798

Eghtesad Novin Bank $2.39 31.6 65,363

Bank Maskan $0.96 17.1 55,921

Totals $208.34 1,268.4 2,051,559

© 2012 The Nilson Report

TRANSACTiONS GREW bY MORE ThAN 130% iN 2011 OVER 2010.

PayMent Cards ProjeCted WorldWide (from page 1)...

Card PayMents in iran(from page 1)...



first nine months of 2011. Credit card purchase transactions increased by 9.4%. Debit card purchase transactions increased by 0.5%, but Interlink debit card figures (counted with Visa) declined due to the impact of the Durbin Amendment, which requires issuers to put at least two unaffiliated networks on debit cards. Much of the activity went to other EFT systems, which are not included here. Debit cards generated 64.90% of all purchase transactions, down from 66.81%.

Combined credit and debit card purchase volume was up 5.1% over the first nine months of 2011. Credit card purchase volume increased by $129.85 billion. Debit card purchase volume increased by $5.54 billion.

Consumers will soon be able to deposit paper checks to

their Visa prepaid accounts by taking a picture with their mobile device. For a fee that will range from 1% to 4% depending on the type of check as well as the amount, they can have immediate access to those funds. The service will leverage Chexar’s soon to be renamed Spyke – The Good Funds Network.

Chexar was formed in 2008 after the company sold its El Banco nonbank financial services chain in Atlanta. It retained El Banco’s check

cashing platform including an enrollment process, early warning system, proprietary algorithms, and other risk management tools because it saw an opportunity to offer immediate funds availability to third-party checks for loading onto prepaid cards and for cashing over the counter at bank branches, markets that top verification and guarantee firms had made little effort to penetrate.

Third-party checks such as payments received by a gardener or a contractor or some other service provider are part of the person-to-person check sector, which is the only type of check payment

still growing in the U.S. Drew Edwards is CEO at Chexar Networks, Inc. in Roswell, Georgia, (678) 736-7012, [email protected], www.chexar.com.

Visa will handle all marketing for the Chexar Immediate Good Funds offering, which

will give Visa issuers a feature not yet available from any other prepaid card brand. Consumers who wait five days before withdrawing funds from deposited checks will be able to

use the service for free. Hyung Choi is Head of U.S. Prepaid at Visa in San Mateo, California, (650) 432-2822, [email protected], www.visa.com.

CARDhOLDERS GET iMMEDi-ATE ACCESS TO ChECK DEPOSiTS.

U.S. General Purpose Cards 3Q 2012 vs. 3Q 2011 Dollar Volume (bil.) Purch. Trans. Brand/Type of Card Total Chg. Purchases Chg. Cash Chg. (bil.) Chg.

Visa Credit $751.28 9.6% $718.44 10.2% $32.84 –2.5% 8.45 12.4%

American Express Credit $435.20 9.5% $432.74 9.6% $2.46 –4.6% 1.99 13.3%

MasterCard Credit $414.80 3.7% $394.00 5.4% $20.80 –20.8% 4.61 3.6%

Discover Credit $97.05 5.6% $90.58 5.7% $6.46 5.4% 1.38 7.2%

CREDIT CARD TOTALS $1,698.33 7.9% $1,635.76 8.6% $62.57 –8.9% 16.42 9.4%

Visa Debit & Prepaid $1,111.82 –2.5% $821.63 –4.4% $290.19 3.6% 22.00 –4.2%

MasterCard Debit & Prepaid $449.20 16.2% $331.60 15.1% $117.60 19.3% 8.36 15.7%

DEBIT CARD TOTALS $1,561.02 2.3% $1,153.23 0.5% $407.79 7.7% 30.36 0.5%

Visa Total $1,863.10 2.1% $1,540.07 1.9% $323.03 2.9% 30.44 –0.1%

MasterCard Total $864.00 9.8% $725.60 9.6% $138.40 10.9% 12.97 11.1%

VISA & MC TOTALS $2,727.10 4.4% $2,265.67 4.3% $461.43 5.2% 43.41 3.0%

CREDIT & DEBIT TOTALS $3,259.35 5.1% $2,788.99 5.1% $470.36 5.1% 46.78 3.5%

Includes activity on all consumer and commercial credit, debit, and prepaid cards for January 1–September 30, 2012 vs. January 1–September 30, 2011. American Express and Discover include figures for third-party issuers. © 2012 The Nilson Report

u.s. general PurPose Cards through 3Q ‘12(from page 1)...

Chexar suPPorts Visa PrePaid



http://www.chexar.com

www.visa.com

*Terms not disclosed. (1) Purchased undisclosed equity position. (2) Sold all assets. (3) Undisclosed investors. (4) Sold heavy duty truck card network only. (5) Global acquired the 44% of the company it didn’t already own. (6) Elec. Merchant Sys., JetPay and AD Computer will be acquired by United Business Payment Solutions. (7) Parthenon Capital. (8) Purchase of 12,000 MasterCard accounts. (9) Contactless chip card reader business only. (10) TSYS bought 60% of Central. (11) Acquisition of the MyCardData platform. (12) Partners include Target, Walmart, 7-Eleven, Sears, Shell. (13) Credit card outstandings totaling $725 million. (14) Sold minority equity stake. (15) Sold majority interest. (16) Sold 51% equity stake. (17) Sold Shoppers Optimum credit card portfolio. (18) SIA acquired the 49% of the company it didn’t already own. (19) Sold its private label credit card portfolio. (20) Another $4.0 million possible depending on performance. © 2012 The Nilson Report

Accelerated Payment(2) Global Payments $413.0 U.S.Luottokunta(2) Nets $219.3 FinlandSquare Series D $25.0 U.S.Merch. Customer Ex. joint venture(12) * U.S.FreeMonee Series B $34.0 U.S.Elan Financial(13) KeyBank * U.S.LevelUP Series D $9.0 U.S.Wallaby seed funding $1.1 U.S.Revel Touch Series A $10.0 U.S.InComm(14) Warburg Pincus * U.S.CardSpring strategic investments(3) * U.S.Unik(15) Wright Express $21.9 BrazilQuickPay seed funding $3.5 U.S.ATM Network(2) Cardtronics * U.S.TekTango(16) Freeport Capital $0.6 U.S.Five Stars Series A $13.9 U.S.Plink Series A $3.0 U.S.Clear Payments(2) Chexar * U.S.

SeptemberFuze Network Series A $2.5 U.S.ALI Solutions(2) Noble Systems * U.S.Kabbage Series C $30.0 U.S.Norse Corp. Series A $3.5 U.S.ShopCliq.it(2) Buscape * BrazilBigcommerce Series B $2.0 U.S.Linkable Networks Series A $3.2 U.S.edo interactive Series C $15.0 U.S.Distra(2) ACI Worldwide $48.8 AustraliaBestBill(2) RevSpring * U.S.Social Finance Series B $77.2 U.S.Cassis Int’l(2) Morpho * SingaporeBofA (Canada)(17) Royal Bank of Canada * CanadaSquare Series D $200.0 U.S.Gyft Series A $1.3 U.S.Scoupy(14) Network VSP * NetherlandsGas Tecnologia(2) Diebold * BrazilTransoft(2) NCR * U.S.IQR Consulting(14) The Members Group * U.S.Sinsys(18) SIA * BelgiumPayLeap(2) Acculynk * U.S.Talbots(19) Alliance Data * U.S.Truaxis(2) MasterCard * U.S.FleetOne(2) Wright Express $369.0 U.S.LML Payment Sys.(2) Digital River * CanadaJDSU OpSec $11.5(20) U.S.

Amount Company Buyer/Investor (Mil.) Region

Amount Company Buyer/Investor (Mil.) Region

JulyZenith Acquisitions Mercantile Adjustment * U.S.TGate Payments BridgePay Network * U.S.QuickPay seed funding $3.5 U.S.Stripe Series B $20.0 U.S.Mobile Integrated Sys. private placement $1.0 CanadaJefferson Capital Flexpoint Ford * U.S.Currency Cloud Series B $3.0 U.K.Accumulate Telia Sonera(1) * SwedenCommerce Sciences seed funding $1.8 IsraelOpenBucks Series A $4.8 U.S.Needle Series B $10.5 U.S.Paysafecard(2) Skrill * AustriaTicketfly Series C $22.0 U.S.Merchant e-Sol.(2) Cielo $670.0 U.S./BrazilSecureNet Pay. Sys. growth equity(3) $18.0 U.S.CardSmith/Vision merger * U.S.Boom Financial Series B $17.0 U.S.Tunz.com(2) Ogone * BelgiumFab.com Series C $105.0 U.S.Card.io(2) PayPal * U.S.Kiip Series B $11.0 U.S.Capital Pay./Bluefin merger * U.S.Tapingo Series A $3.5 U.S.Copius Series A $5.0 U.S.TransCard(4) U.S. Bank * U.S.Pocket Change Series A $5.0 U.S.Cash Star Series D $5.0 U.S.Paydiant Series B $12.0 U.S.Alpha Bay(2) Blockbuster * U.S.ThriveHive seed funding $1.5 U.S.Global Pay. A/P(5) Global Payments $242.0 Asia/Pac.three companies(6) UBPS $179.0 U.S.Merchant Warehouse growth equity(7) * U.S.Avatas Pay. Sol.(2) Merchant Warehouse * U.S.Marathon Solutions(2) Fin. Trans. Svcs. * U.S.

AugustSumUp Series A $20.0 GermanyBlue Sky Card(8) Advanced Pay. Sol. * U.K.ViVOtech(9) ID Tech * U.S.Adeptra(2) Fico * U.S.TSYS/Central Pay.(10) joint venture * U.S.Punchey Series A $1.7 U.S.Venmo(2) Braintree $26.2 U.S.Transact Network(11) The Bancorp Bank * U.K.

Payment Industry Acquisitions & Investments July–September 2012



has been using Vantiv and Wells Fargo to send its Visa and MasterCard transactions into the bank

card networks. It generates approximately $17 billion in card payments annually.

Litle & Co.’s top competitors for card-

not-present business are Chase Paymentech and First Data. Both built their CNP processing platforms on software that Litle & Co. created in the mid-1980s and later sold to First USA.

Litle & Co. will operate as a wholly owned subsidiary of Vantiv, continuing to sell directly to merchants as well as benefiting from sales generated by Vantiv’s distribution channels. Vantiv plans on investing capital in Litle and will make its Massachusetts facility an innovation

center for new products and services. Tim Litle is Chairman at Litle & Co. in Lowell, Massachusetts, (978) 551-0078, [email protected], www.litle.com.

The acquisition of Litle & Co. significantly improves Vantiv’s capabilities in e-commerce. It has been supporting its portfolio of card-present merchants as they move online but not with the level of sophistication they’ll get from

Litle’s platform. Litle & Co. software was built for CNP merchants and includes all chargeback, risk management, interchange management, and other support, as well as special data mining services that merchants use to boost their marketing efforts.

The platform encrypts all transactions and supplies a tokenization service. Charles Drucker is CEO at Vantiv in Symmes

Township, Ohio, (513) 900-4811, [email protected], www.vantiv.com.

First Data, Accenture, and VocaLink have signed a partnership to create an immediate funds transfer (IFT) network in Australia aimed at clearing and settling consumer and business payments between deposit accounts in real or near real-time.

The platform has been designed to meet goals outlined by the Reserve Bank of Australia, which wants an IFT network in place by 2016. The First Data–Accenture-VocaLink partnership is the only proposal in the market at this time.

The partners believe they can complete technical requirements by the end of 2013. After that, systems integration work would

begin with banks that commit to the network.

First Data maintains links to all of Australia’s financial

institutions. It handles 1.5 billion transactions annually, about 30% of the credit card and debit card account processing in the country. It will provide real-time payment processing for the IFT network, leveraging

its existing payment processing infrastructure and VocaLink’s Immediate Payments software.

VocaLink designed and operates the Faster Payments Service in the U.K. where it has processed two billion payments since 2008. It has just signed a contract to bring its Immediate Payments technology to Singapore.

Accenture will provide system

integration for linking financial institutions to the new network.

First Data is talking with financial institutions to determine a governance structure for the new network. The technology partners have no plans to create a service mark identifiable to consumers.

CONTACTSt Accenture david mansuell is Financial services senior exec. in sydney, australia, 61 (417) 669-853, [email protected], www.accenture.com.

t First Data John tait is managing director in north sydney, australia, 61 (2) 9959-72054, [email protected], www.firstdata.com.au.

t VocaLink kris kubiena is int’l sales director in rickmansworth, u.k., 44 (870) 920-8224, [email protected], www.vocalink.com.

ThE PARTNERS hAVE NO PLANS TO CREATE A CONSUMER SERViCE MARK.

VantiV to aCQuire litle & Co. (from page 1)...

real-tiMe PayMents in australia



http://www.litle.com

http://www.vantiv.com

www.accenture.com

www.firstdata.com.au

www.vocalink.com

1 Bank of America (BAMS) U.S. 12,943.7 2 Vantiv U.S. 9,610.1 3 First Data U.S. 9,301.4 4 Chase Paymentech Sol. U.S. 8,200.0 5 Citi Merchant Services U.S. 5,828.3 6 WorldPay U.K.* 5,141.0 7 Cielo Brazil 3,789.8 8 Moneris Solutions Canada 2,947.3 9 Barclays U.K. 2,880.0 10 WorldPay U.S. 2,875.8 11 Redecard Brazil 2,834.9 12 Heartland Payment Sys. U.S. 2,800.0 13 Global Payments U.S. 2,441.5 14 Credit Mutuel France 2,431.6 15 Elavon U.S. 2,352.2 16 BC Card South Korea 2,133.8 17 Credit Agricole France 1,921.5 18 Wells Fargo Merch. Serv. U.S. 1,779.7 19 Swedbank Group Sweden* 1,459.0 20 Global Payments Canada 1,409.7 21 Atos Worldline Belgium 1,186.0 22 TSYS Merchant Solutions U.S. 1,161.7 23 BPCE France 1,071.5 24 HSBC/Global Payments U.K. 1,058.9 25 Mitsubishi UFJ Nicos Japan 1,047.4 26 Luottokunta Finland 949.9 27 Visa Argentina 946.5 28 Commonwealth Bank Australia 940.1 29 TD Merchant Services Canada 910.7 30 BNP Paribas France 856.5 31 Mercury Payment Sys. U.S. 846.3 32 Samsung Card South Korea 833.6 33 ANZ Merchant Serv. Australia 819.8 34 Elavon Europe Ireland* 808.5 35 KB Kookmin Card South Korea 807.2 36 Societe Generale France 792.7 37 B+S Card Service Germany 715.3 38 Nat’l Australia Bank Australia 685.7 39 Westpac Australia 678.5 40 Sberbank Russia 669.2 41 The Bancorp Bank U.S. 622.4 42 PNC Merchant Services U.S. 618.8 43 Comercia Spain 596.2 44 BBVA Bancomer Mexico 592.6 45 Garanti Bank Turkey 589.3 46 Desjardins Canada 536.5 47 SunTrust Merchant Serv. U.S. 530.1 48 Hyundai Card South Korea 524.9 49 Credit Saison Japan 523.9 50 Yapi Kredi Bankasi Turkey 490.0

51 First Data Polska Poland 425.2 52 Merrick Bank U.S. 422.6 53 T. Isbank Turkey 421.6 54 Nordea Sweden 400.2 55 CartaSi Italy 399.9 56 Unicre Portugal 395.8 57 EVO Merchant Services U.S. 392.1 58 iPayment U.S. 387.1 59 CIC Banques France 378.4 60 Transbank Chile 365.1 61 Teller A/S Norway* 361.0 62 Absa South Africa 351.0 63 TransFirst U.S. 348.5 64 Akbank Turkey 347.8 65 Citibank Singapore* 341.0 66 SIX Payment Serv. Switzerland 332.8 67 Lloyds Banking Group U.K. 329.9 68 Evertec Puerto Rico* 325.4 69 La Banque Postale France 319.0 70 PayLife Bank Austria 317.5 71 AIBMS Ireland 302.4 72 Sovereign/Santander U.S. 292.8 73 Banesco Banco Univ. Venezuela 275.8 74 Parsaian Bank Iran 273.0 75 Mellat Bank Iran 271.3 76 Bankia Spain 261.1 77 Banamex (Banco Nac’l) Mexico 253.9 78 Merchant E-Solutions U.S. 242.9 79 Cynergy Data U.S. 242.2 80 Melli Bank Iran 239.1 81 Banco Santander Spain 228.8 82 First Data Argentina 224.3 83 Moneris Solutions U.S. 223.4 84 BBVA Spain 222.3 85 North American Bancard U.S. 219.6 86 Intuit Payment Solutions U.S. 215.8 87 Handelsbanken Sweden 211.3 88 Concardis Germany 210.7 89 First American Pymt. Sys. U.S. 201.6 90 Mercantil Banco Univ. Venezuela 196.7 91 First Nat’l Bank South Africa 196.4 92 Erste Bank Group Austria* 194.7 93 Saderat Bank Iran 192.7 94 ChinaTrust Comm. Taiwan 189.1

95 Westamerica Bank U.S. 186.7 96 Bank Pekao Poland 184.5 97 eService Poland 183.5 98 Total Merchant Services U.S. 175.0 99 NCCC Taiwan 172.3 100 BB&T U.S. 170.6

101 BBVA Banco Prov. Venezuela 160.9 102 United Bank Card U.S. 154.6 103 MSI Merchant Services U.S. 148.5 104 PostFinance Switzerland 145.8 105 Banco Popular Spain 145.0 106 Standard Bank South Africa 141.9 107 Raiffeisen Bank Austria 140.2 108 Banesto Spain 139.1 109 Banco Santander Brazil 138.3 110 Nedbank South Africa 136.9 111 Sage Payment Solutions U.S. 135.8 112 Global Payments Hong Kong* 132.7 113 Orient Corporation Japan 130.8 114 PayPros U.S. 127.8 115 Fidelity Nat’l Info. Serv. U.S. 126.4 116 Finansbank Turkey 114.5 117 Banco de Venezuela Venezuela 105.2 118 Financial Trans. Services U.S. 104.8 119 Commerce Bank U.S. 102.0 120 Aduno Switzerland 101.7 121 Banc Sabadell Spain 100.5 122 Banco Santander/Elavon Mexico* 98.7 123 United Merchant Services U.S. 98.7 124 Banco Merc. del Norte Mexico 98.4 125 T. Vakiflar Bankasi Turkey 94.0 126 Privredna Banka Croatia 93.4 127 BankCard Services U.S. 93.2 128 Elavon Canada 92.6 129 Kasikornbank Thailand 89.9 130 Bancolombia Colombia 89.2 131 Key Merchant Serv./Elavon U.S. 87.4 132 Element Payment Serv. U.S. 83.9 133 Network International U.A.E. 82.4 134 Tejarat Bank Iran 80.2 135 PrivatBank Ukraine 71.7 136 Hang Seng Bank Hong Kong 71.7 137 Deutsche Credit Card Italy 71.3 138 HSBC Mexico 70.4 139 Priority Payment Systems U.S. 70.3 140 CSOB Czech Republic 69.8 141 CardNET Dominican Republic 69.7 142 Payment Alliance Int’l U.S. 68.4 143 Shared Elec. Bank Serv. Kuwait 68.4 144 Pasargad Bank Iran 67.2 145 Merchants’ Choice U.S. 66.8 146 Paysquare Netherlands 66.0 147 Central Payment U.S. 65.8 148 MLS Direct Network U.S. 64.1 149 SEB Lithuania 61.3 150 UCS Russia 57.0

Top 150 Acquirers Worldwide 2011

Ranked by all purchase transactions by country (Visa, MasterCard, UnionPay, American Express, Discover, Diners Club, JCB, domestic debit and credit). *Includes other countries. © 2012 The Nilson Report

Transactions Transactions Transactions Rank Acquirer, Country (mil.) Rank Acquirer, Country (mil.) Rank Acquirer, Country (mil.)



Banco Santander and the Elavon subsidiary of U.S. Bank have formed a merchant

acquiring joint venture (JV) in Spain. Santander has been using Elavon’s proprietary dynamic currency conversion platform in Spain since 2003.

Elavon will provide full acquiring processing services to the JV. It will own 51% of the joint venture, with Santander owning the remaining 49%.

Enrique Garcia Candelas is Senior Executive VP, Commercial Banking at Banco Santander in Madrid, Spain, 34 (91) 289-0569, [email protected], www.bancosantander.es.

Elavon provides full merchant acquiring processing to Santander merchants in the United Kingdom, Poland, Mexico, and Puerto Rico through a business model the companies call an alliance. Outside the U.S. it also has a joint venture with Citi in

Brazil and an alliance with Bank of Ireland in Ireland. Simon Haslam is President, International Markets at Elavon in Watford, U.K., 44 (192) 365-1515, [email protected], www.elavon.com. Prior

issues: 962, 950, 943, 934, 916

ABnote in the Czech Republic. The transaction is expected to close by year-end. Terms were not disclosed.

CPS Technologies gives Morpho another bank card personalization bureau in France. Also included with CPS is the company’s Trusted Service Manager (TSM) business for over-the-air provisioning of payment card credentials to mobile handsets. The acquisition follows Morpho’s purchase of TSM pioneer Cassis International earlier this year.

ABnote Czech is a high-security card manufacturing plant. Morpho also owns card manufacturing plants in Germany, the Netherlands, Russia, India, Brazil, Mexico, and Colombia. Philippe d’Andrea is Executive, VP eDocuments at Morpho in Flintbek, Germany, 49 (4347) 715-1000, [email protected],

www.morpho.com. Prior issues: 1,004, 1,002, 995, 985, 976

American Banknote sold card manufacturing assets in Brazil to Valid in 2010. It will use the proceeds from the sale of its assets in Europe to invest in the U.S., Canada, and Asia/Pacific

markets.

American Banknote assets include a card manufacturing facility (high-security and nonsecure) in Massachusetts, a secure printer and passport manufacturing facility in Tennessee, a high-security card manufacturing facility in Toronto, and a card personalization bureau in Montreal. Steven Singer is CEO at American Banknote

Corporation in Fort Lee, New Jersey, (201) 592-3414, [email protected], www.americanbanknote.com. Prior issues: 960, 955, 921, 915, 913, 900, 899, 684

... fOLLOWiNG iTS PURChASE Of CASSiS iNT’L EARLiER ThiS YEAR.

ELAVON WiLL OWN 51% Of ThE jV AND SANTANDER ThE OThER 49%.

David Robertson, Publisher noVember 16, 2012

elaVon/santander joint Venture

MorPho adds abnote euroPe assets (from page 1)...



http://www.bancosantander.es

http://www.elavon.com

http://www.morpho.com

http://www.americanbanknote.com