FOR 45 YEARS, THE LEADING PUBLICATION COVERING PAYMENT SYSTEMS WORLDWIDE SEPTEMBER 2015 / ISSUE 1071

AsiaPacifics Largest Acquirers

The 30 largest acquirers of card payments in the Asia-Pacific
region in 2014 are ranked on page 7. This group combined to
Top Manufacturers of
process 10.07 billion MasterCard and Visa transactions valued Payment Cards Worldwide
> see p. 6 Shipments in 2014 (Mil.)
Forter Ecommerce Fraud Fighting Guarantee
Machine learning provides the computational power to analyze
Chip Cards Mag Stripe Cards
extraordinary amounts of behavioral, cyber, and other data to A LT O
GE M 0 P E R F
support the fight against ecommerce fraud. Forters machine 1 EC T P
T H U R T E C H N O L O G L A S T 15
> see p. 6 ER R IEN T IE S IC 1
OB & DE V CP
E I
Skytrees Machine Learning Platform C K 74 VA L ID
13 1
9
SE 33

76
G O L DP A C

E
89

GI
Financial services companies can license a machine learning 47
6 O

25
platform from Skytree that can be used by their data scientists to H 60 INT

3 13
EL

5
113 MOR 15
build predictive models. Skytrees algorithms can construct models 11 M

CA 132
D

3 61
21

364

CT A
V 45
> see p. 5

Z C RD
Kash Payments from Deposit Accounts 76

Disintermediating credit and debit cards as well as paper checks in

the U.S. is the aim of Kash, a start-up that expects to find most of
its customers among retailers, businesses billing other businesses,
> see p. 12

6
02
2015 The Nilson Report
Mobile Payments in Switzerland
Six Group, UBS, and Zrcher Kantonalbank (ZKB ) have launched 729
a person-to-person (P2P) money transfer application called Paymit,
which is available to anyone in Switzerland with an Android or
> see p. 5 Payment Card Manufacturer Shipments
Chip Card Manufacturers
In 2014, manufacturers shipped 5.76 billion payment cards,
There were 5.76 billion payment cards shipped in 2014 and 45.32% of which 3.91 billion were Visa and MasterCard credit,
were embedded with chips, up from 39.89% in 2013. Shipments debit, and prepaid cards, up 8.7% versus 2013. Also
of payment cards with chips totaled 2.61 billion, an increase of included were 0.85 billion other high-security credit, debit,
> see p. 8 and prepaid cards American Express, Diners Club,
Discover, JCB, Maestro, UnionPay, and ATM and PIN-
Investments & Acquisitions August 2015 based cards, up 19.7%. Combined, these high-security
Turn to page 4 for a list of 47 mergers, acquisitions, and corporate payment card shipments totaled 4.76 billion, up 10.5%
financing deals that occurred in August 2015. Also included were other credit and debit payment
Prior issues: 1069, 1067, 1065, 1063, 1061, 1059, 1057 cards such as retail, oil, airline, fleet, etc. totaling
> see p. 4 > see p. 8

INSIDE 2 4 Fast Facts CHARTS 4 Investments & Acquisitions 8 Top Manufacturers of 10 11 Total Chip Card Shipments
August 2015 Payment Cards 2009 v. 2014 by Manufacturer, by
7 Largest Merchant Acquir- 9 Total Payment Card Ship- Category, and by Type of
ers in AsiaPacific 2014 ments by Manufacturer 14 Card 2014

2015 HSN Consultants, Inc. THE NILSON REPORT VISIT US ONLINE AT WWW.NILSONREPORT.COM
 ALLIANCE DATA SYSTEMS card services business is EVO PAYMENTS INTERNATIONAL has purchased Citis
FAST
FACTS
providing dual-interface chip cards to BJs Wholesale Club merchant acquiring portfolio in Mexico. That business, part
and the Fuel Rewards program. The cards, which are of Banco Nacional de Mexico, a wholly owned subsidiary
co-branded with MasterCard, are EMV-compliant contact of Citigroup, processed 310 million transactions in 2014
and contactless. Art Roca is Sr. Director of Payment Services and ranked as the 7th largest acquiring business in Latin
at Alliance Data Systems card services business, America. James Kelly is CEO at EVO Payments International,
(614) 831-2269, [email protected], (770) 709-7310, [email protected],
www.alliancedataretail.com. www.evopayments.com.

TRANSPAY, provider of a cross-border payment platform CELLPOINT MOBILES Converged Payment Gateway for
for B2B/B2C transactions, will support mass payout services payments handled by airlines now offers Apple Pay
in 29 countries for Zooppa, a global social network linking acceptance. Kristian Gjerding is CEO at Cellpoint Mobile,
over 335,000 photographers, filmmakers, and other creative (305) 913-7115, [email protected],
professionals. Nagarajan Rao is SVP at Transpay, www.cellpointmobile.com.
(212) 994-0351, [email protected],
SEPTEMBER 2015 www.transpay.global. Wil Merritt is CEO at Zooppa,
VANTIV, the 2nd largest U.S. acquirer ranked by
ISSUE 1071 transactions processed annually, will provide full merchant
(206) 623-1587, [email protected], www.zooppa.com.
acquiring support to commercial customers of Rabobank in
Learn more & FIRST TECH FEDERAL CREDIT UNION is conducting a the U.S., which operates more than 100 branches and
access links at pilot test of a MasterCard app that uses facial recognition financial service centers. Stephanie Ferris is SVP and
nilsonreport.com and fingerprint biometrics with 200+ employees in Septem- General Manager of Merchant Services for Financial
ber and October. The employees will use artificial funds Institutions at Vantiv, (513) 900-5131, stephanie.ferris@
to test the potential for cardholders to verify their identity vantiv.com, www.vantiv.com.
Receive discounts
via facial photographs or fingerprint scans conducted on
on select events GIESECKE & DEVRIENTS dual-interface EMV card is the
smartphones. Catherine Murchie is SVP of North America
and conferences. Processing, Network & Enterprise Security Solutions at
only product available in the U.S. that provides all features
needed for full compliance with the Durbin Amendment.
MasterCard, (914) 249-2000, catherine_murchie@
See previously Scott Marquardt is President America, (703) 480-2000,
mastercard.com, www.mastercard.com.
published issues on [email protected], www.gi-de.com.
our website. CONSUMER FINANCIAL PROTECTION BUREAU has
TSYS is offering business intelligence products for card
ordered Encore Capital and Portfolio Recovery Associates,
Review recent issuers called TSYS Analytics Intellisuite. The first products
the top debt buyers in the U.S., to overhaul their collection
press releases. are Consumer AI, dashboards that provide real-time informa-
and litigation practices and to stop reselling debts to third
tion that lets users build and test business strategies, and
parties. Encore must pay up to $42 million in consumer
Targeted Messaging, a multichannel customer engagement
refunds and a $10 million penalty, and stop collection on
platform powered by FICO, which lets users create, execute,
over $125 million in debts. Portfolio Recovery Associates
and manage targeted messages to cardholders.
must pay $19 million in consumer refunds and an $8 million
Kim Ohlrogge is Group Executive of Global Products at TSYS,
penalty, and stop collecting on over $3 million in debts.
(706) 644-3567, [email protected], www.tsys.com.

Conferences & Seminars

Mobey Day 2015: October 14-15, 2015. The 2015 WSAA ANNUAL CONFERENCE: CARTES Secure Connexions becomes
CosmoCaixa, Barcelona, Spain. Estimated October 28-29, 2015. The M Resort Spa Casino, TRUSTECH: November 17-19, 2015. The Paris-
attendance: 300. Cost for the two-day conference Henderson, Nevada. Estimated attendance: Nord Villepinte Exhibition Centre, Paris, France.
is $1,508 (+21% vat). Subscribers to The 1,000. Cost for the two-day conference is $99. Total attendance (show + conference): 19,000.
Nilson Report will receive a 25% discount. Contact Xavier Ayala, President, WSAA, Cost for the three-day conference is $1,847
(Use code MD1525%.) Contact Shalini Sharma (707) 445-5401, [email protected]. Register excluding VAT. Subscribers to The Nilson
at Mobey Forum, shalini.sharma@ at www.westernstatesacquirers.com Report will receive a 20% discount. (Use
mobeyforum.org. Register at code PARPARIS15.) Contact Anne Frayssinet at
http://mobeyday.com. Comexposium, 33 (1) 7677-1318,
[email protected]. Register at
www.cartes.com.

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 iti on
Seventh Ed
TRANSFIRST, the 12th largest U.S. merchant acquirer, will offer payment

Largest
7th Edition processing to healthcare providers that integrate with PatientPay. That
Figures company offers Web-based billing and balances receivables management.

rs
Carl Mazzola is President, Health and Public Service Division at TransFirst,

Card Iasnsd ue
include cards
(216) 520-3020, [email protected], www.transfirst.com. Tom Furr is
in circulation
rers FIMES EMEA operation has been accredited by Discover to certify EMV chip
CEO at PatientPay, (919) 794-8080, [email protected], www.patientpay.com.
and spending
n t A cqui
for Mercha cards and terminals for the D-Payment Application Specification and Discover
credit Over 1,000* Card Issuers Network Zip Payment Specification. Soumya Chakrabarty is Director of
R&D at Discover, (224) 405-6424, [email protected],
& debit from 115 countries in all world regions www.discover.com. Vincent Poty is Head of Strategy at FIME,
card *includes over 700 outside the U.S.
33 (1) 4198-4861, [email protected], www.fime.com.

issuers OPENNESS IS CHANGING THE FUTURE OF PAYMENTS is a white

paper available from Pay.On and First Annapolis. The paper focuses on the

275* Merchant AcquirersWorldwide ion

challenges and opportunities businesses will face as a result of open pay-
ment models. Download at http://technology.payon.com/whitepaper-open-
rt Publicat
from 65 countries in all world regions a 2015 Nilson Repo payments/.
*includes over 190 outside the U.S.
on
g reproducti
g or allowin
Reproducin tial fines.
/specialreport. n subject to substan
nreport.com yright violatio
, www.nilso cop
GREEN DOT, the 3rd largest U.S. issuer of general purpose-type prepaid
ON REP ORT man ner is a
2015 THE NILS this document in any
sultants Inc. tion of
HSN Con on of any por
or disseminati

cards, has opened a wholly owned technology subsidiary in Shanghai, China.

in Kuan Archer is Executive Director and General Manager, Green Dot
Asia/Pacific, Shanghai, (626) 765-2000, [email protected], www.greendotcorp.com.

United States, Europe, Latin America, GLOBAL PAYMENTS will provide mobile processing and related services
Middle East/Africa, and Canada to its U.S. merchant clients through a white-label agreement with provider
Apriva. That companys AprivaPay Plus service for Apple and Android devices
delivers EMV chip card support, Cloud-based inventory, multiuser capability,
enhanced reporting via an online Web portal, and more. Frank Young is SVP,
Order Today Global Product and Innovation at Global Payments, (770) 829-8226,
www.nilsonreport.com/specialreport [email protected], www.globalpay.com. Stacey Finley Tappin is
SVP at Apriva, (480) 421-7088, [email protected], www.apriva.com.

PAYONEER will use CheckAlts eCheck API to improve the speed by which it
credits funds between business owners and professionals sending and receiv-
Featured Conference
ing cross-border payments. EChecks are processed in a Check 21 environment NFC SOLUTIONS SUMMIT 2015
and do not utilize the ACH network, which means faster clearing, usually with
fewer chargebacks. Shai Stern is CEO at CheckAlt, (310) 417-1050, sstern@ Three-Day Conference
checkalt.com, www.checkalt.com. Scott Galit is CEO at Payoneer, October 7-8, 2015
(646) 308-1300, [email protected], www.payoneer.com. The Arizona Grand Resort, Phoenix, Arizona
OPUS CONSULTING has received MasterCard Emerging Payments Support Topics include: business and technology trends for the global
Accreditation. The company advises on issuer and acquirer technical support NFC, mobile wallet solutions from a consumer and business
perspective, what consumer research can tell us about the future
activities. Anand Ramakrishnan is CEO at Opus Consulting, (630) 635-2933,
of mobile payments, GSMA mobile connect for the U.S. market,
[email protected], www.opussoft.com.
NFC technology, and NFC business solutions. Speakers represent:
FIRST AMERICAN PAYMENT SYSTEMS will offer its small business NFC Forum, Visa, MasterCard, GSMA North America, and more.
customers 1stPayInsights, a platform powered by Womply that provides data Cost is $1,020 for members and $1,270 for nonmembers.
and software tools to analyze their business, compare its performance to (Use code PDDSC.) Contact Bill Rutledge at Smart Card
local competitors, and understand how external events impact revenue Alliance, (212) 866-2169, [email protected].
including weather and advertising. Neil Randel is CEO at First American Register at www.nfcsolutionssummit.com.
Payment Systems, (817) 317-9103, [email protected],
www.first-american.net. Cory Capoccia is President at Womply,
(310) 571-8547,[email protected],www.womply.com.
20%
2015 HSN Consultants, Inc. THE NILSON REPORT SEPTEMBER2015
SEPTEMBER 2015/ /ISSUE
ISSUE1071
1071/ /THE
THENILSON
NILSON REPORT 3
HSN Consultants, Inc. 2015 THE NILSON REPORT
2
 CARDNET, the largest merchant acquirer in the Dominican Republic with ICA BANKEN will become the first issuer in Sweden to offer dual-interface
more than 22,000 merchant locations, will offer dynamic currency conversion payment cards. The cards will be manufactured by Oberthur Technologies
at the point of sale using software from Euronet Software Solutions. Cindy (OT). ICA issues 500,000 MasterCard and Maestro cards. Veronica Hedeby
Ashcraft is Managing Director at Euronet Software Solutions, (501) 218-7000, is Head of Payment Cards at ICA, 46 (8) 422-1965, [email protected],
[email protected], www.euronetsoftware.com. www.icabanken.se. Eric Duforest is Mng. Dir., Payment Business Unit at OT,
Eduardo Del Orbe is EVP at CardNet, (809) 473-3387, edelorbe@ 33 (1) 7814-7601, [email protected], www.oberthur.com.
cardnet.com.do, www.cardnet.com.do.
BANCA TRANSILVANIA in Romania will replace its existing network of
RBC, Canadas largest bank, has received a patent from the United States 13,000 POS terminals with contactless-enabled devices from Ingenico Group.
Patent Office covering the use of secure tokens to facilitate payments from Leontin Toderici is Director General Adjunct-COO at Banca Transilvania,
mobile devices. Linda Mantia is EVP, Digital, Payments & Cards at RBC, 40 (264) 407-150, [email protected], www.btrl.ro. Luciano Cavazzana is
(416) 348-6302, [email protected], www.rbc.com. Eastern Europe and Africa Managing Director at Ingenico Group,
390 (2) 3320-3620, [email protected], www.ingenico.com.
DISCOVER GLOBAL NETWORK, which includes Discover, Diners Club,
and PULSE merchant and ATM locations in more than 185 countries and BANK BRI will acquire JCB card transactions at its over 21,215 ATMs and
territories, is now open to transactions by Brazils Elo global cards. Joe Hurley more than 150,000 merchants. The bank will issue JCB cards in 2016.
is SVP Global Business Development at Discover Network, (224) 405-0900, Yuichiro Kadowaki is President Director at JCB Intl Indonesia,
[email protected], www.discoverfinancial.com. 62 (21) 3193-8104, [email protected], www.jcbcorporate.com.
Eduardo Chedid is CEO at Elo, 55 (11) 2188-3880, [email protected], Mohamad Helmi is General Manager of Credit Card Division at Bank BRI,
www.cartaoelo.com.br. 62 (21) 2953-5555, [email protected], www.bri.co.id.

Investments & Acquisitions August 2015

Amount Amount
Company Buyer/Investor (mil.) Country Company Buyer/Investor (mil.) Country
Avalon Solutions MP
undisclosed round 1
$5.0 U.S. OnDeck LE
credit facilities 21
$150.0 U.S.
Beat the Q PosseMP Series A2 $3.5 Australia OneAssistSE Series B22 $7.5 India
bitFlyerCR undisclosed round3 $4.0 Japan PaidEasyMP seed funding23 $2.0 U.S.
CashStarPD Series D4 $15.0 U.S. Payment Data SystemsMA move to Nasdaq24 * U.S.
Coin RepublicCR meXBT5 * Singapore PayoneerMT Series E25 $50.0 U.S.
CoinzoneCR Coinify5 * U.S. PredictSpringMP seed funding26 $2.0 U.S.
CPI Card GroupCM filed SEC form S-16 * U.S. Revel SystemsPR Series C27 $13.5 U.S.
CrownCL joint venture7 * Belgium Saving GlobalPF Series B28 $22.4 Germany
CT PaymentsPR SmartCard Marketing5 * Canada SimilitySE seed funding29 $3.5 U.S.
Currencies DirectFX Palamon/Corsair5 $308.0 U.K. Standard TreasurySO Silicon Valley Bank5 * U.S.
Digital RetailMP undisclosed round8 $0.8 Canada SumUpMP Series D30 $11.0 U.K.
ErsteMA joint venture9 * Czech Rep. Tastebud TechnologiesPA Raise5 * U.S.
EyeLockSE Voxx5 * U.S. Tinypass/Piano MediaEC merger * U.S.
EzetapMP undisclosed round10 $23.0 India TIO NetworksBP private placement1 $1.7 Canada
FX MartMP undisclosed round11 $6.5 India Tone TagMP undisclosed round31 $1.0 India
Innovative Fin. Tech.MA i3 Verticals5 * U.S. YodleePR Envestnet5 $590.0 U.S.
iZettleMP undisclosed round12 $67.0 Sweden YTS SolutionsMP Bharti Airtel5 * India
KlarnaPR stock sale13 $80.0 Sweden *Terms not disclosed. (1) Undisclosed investors. (2) Led by Reinventure. (3) Led by Venture
LendlayerLE Affirm5 * U.S. Labo. (4) Led by FTV Capital. (5) Acquisition. (6) Seeks up to $300 million in IPO.
(7) 50%50% partnership of Wincor Nixdorf and Nokas. (8) Led by Texas Ventures.
Loyalty BayLO undisclosed round14 $1.0 U.K. (9) Among Global Payments, CaixaBank, and Erste Group. Includes Czech Republic,
MagicCubeSO seed funding15 $2.2 U.S. Romania, and Serbia. (10) Led by Social+Capital. (11) Purchased majority stake.
MobileviewMP Boku5 * Italy (12) Including Intel Capital and Santander InnoVentures. (13) Company insiders sold shares.
(14) Led by Talis Capital. (15) Led by Azure Capital. (16) Led by Aequitas Capital.
Mogl NetworkLO undisclosed round16 $8.0 U.S. (17) Purchased 30% of the shares. (18) Including Daou Kiwoon Group. (19) Acquired
MultidisplayMP Cielo17 $23.3 Brazil minority stake. (20) Led by OWW Capital Partners. (21) From Bank of America and
SunTrust. (22) Led by Assurant. (23) From Ivor Ichikowitz. (24) Under the symbol PYDSD.
NJoyMA i3 Verticals5 * U.S. (25) Led by Wellington Management. (26) Led by Novel TMT. (27) From Roth Capital
Nok Nok LabsSE Series C18 $8.0 U.S. Partners. (28) Led by Ribbit Capital. (29) Led by Accel Partners. (30) Including American
Nordea Merchant Acq.MA Nets5 $257.6 Nord./Balt. Express, Groupon, BBVA. (31) From Reliance Capital.
Company categories: BP = bill payment, CL = cash logistics, CM = card manufacturing, CR = cryptocurrency,
Novo MundoMT Moneycorp19 * Brazil EC = ecommerce, FX = foreign exchange, LE = lending, LO = loyalty/coupons, MA = merchant acquiring,
MP = mobile payments, MT = money transfer, PA = predictive analytics, PD = prepaid, PF = personal finance,
NudipayMP private placement1 * U.S. PR = processor, SE = security, SO = software.
NumoniMT Series B20 $4.8 Singapore 2015 The Nilson Report

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Skytrees Machine Learning Platform
from page 1...
that are more sophisticated than those
created on legacy systems using less
computational power. The platforms
architecture manages massive parallel
processing on up to 1,000 nodes, allowing for analysis Concurrently, they enable the authorization of more
of much larger data sets with faster implementation transactions previously declined.
of results. Clients including American Express and PayPal
Instead of gathering data from clients, Skytree use Skytrees platform for fraud detection, customer
lets them deploy the platform at their site or use acquisitions, credit risk modeling, long-term profit
projections, decreased customer churn, customer-
Clients deploy the platform at their experience recommendations, governance and
regulatory transparency, and for optimizing
sites or use it in the Cloud.
internaloperations.
Issuers have seen new account acquisitions via the
it in the Cloud. Clients then own the models they Web quadruple. Customer-experience benefits can
create. Skytree also provides consulting services include recommendation models that can deliver the
on how to maximize the accuracy of models, which right offers at the right time. One example is a mobile
can incorporate up to 500 data sets for applications phone application that provides restaurant choices.
such as fraud fighting. Machine learning platforms Robert Dutcher is VP, Marketing at Skytree in San
identify suspicious events earlier than other systems Jose, California, (408) 392-9300, [email protected],
because they analyze the entire transaction data set. www.skytree.net.

Mobile Payments in Switzerland

from page 1...
iOS handset and a Swiss mobile Once registered, consumers Luzerner Kantonalbank, and
phone number. The app can fund money transfers by linking Raiffeisen Bank will offer Paymit
stand alone or be integrated into a Visa or MasterCard credit card later this year. In the first quarter
an existing mobile or bank account to a prepaid of 2016, Paymit will expand to
Paymit account. They initiate include mobile payments at the
transfers by inputting the point of sale and online.
recipients name or mobile Swisscom, the largest mobile
phone number along with network operator in Switzerland,
the amount to be sent. will jointly promote Paymit with
Recipients who are already Six. Swisscoms SIM-based NFC
registered with a Paymit mobile payment application
banking application. Since May account receive a notification of called Tapit, which launched
2015, the Paymit application has the transfer within a few seconds. in September 2014, will be
been downloaded by more than Those who arent registered discontinued in the second
100,000 consumers. quarter of 2016.
All Paymit transactions are Sascha Breite is
The app has been downloaded by
processed by Six Group, which Head of Future
is owned by over 140 banks in more than 100,000 consumers. Payments at Six in
Switzerland. UBS is the countrys Zurich, Switzerland,
largest payment card issuer, and are prompted to do so by 41 (58) 399-9111, sascha.breite@six-
ZKB is largest of Switzerlands 24 downloading the Paymit app. group.com, www.six-group.com.
cantonal banks. Consumers who Money can be moved from a Simon Zwahlen is Senior
do not bank with UBS or ZKB can Paymit account to a bank account Innovation Manager at Swisscom
get the Paymit app directly from or credit card account at no cost. in Zurich, Switzerland, 41 (58) 223-
Six Group. Banque Cantonale de Genve, 1023, simon.zwahlen@swisscom.
Banque Cantonale Vaudoise, com, www.swisscom.ch.

2015 HSN Consultants, Inc. THE NILSON REPORT SEPTEMBER 2015 / ISSUE 1071 / THE NILSON REPORT 5
 Forter Ecommerce Fraud Fighting Guarantee
from page 1...
learning engine offers fraud transaction
protection on a software-as-a- has been
service basis. Its customers pay declined.
a per-transaction fee ranging It claims a
from 40 to 100 basis points of reduction
the amount of a purchase for of up to 73% in false positives, a proof of concept for prospects,
each approved transaction. If an transactions declined because allowing those merchants to
approved transaction results in a they appear to be fraud but that continue with their legacy systems
chargeback, the merchant is fully are legitimate. Data scientists at and compare the results with the
reimbursed for all losses. Because Forters research center examine Forter system, which reviews the
Forter is paid only for approved all declined transactions and feed same transactions.
any pertinent Forter clients include Joma
Merchants are fully reimbursed information Shop, which claims to be the
back into the largest online seller of Rolex
for all chargeback transactions.
Forter engine watches, Mac Sales, an online
with the aim seller of Apple products, and Gyft.
transactions, it has an incentive of automatically approving com, a seller of prepaid cards.
to help merchants complete more acceptable transactions in the Forters technology can also be
sales, not to decline suspect sales. future. Forter focuses its sales and used to protect sales at call centers
The Forter platform is fully marketing efforts on the top 500 and from mobile phones. The
automated, so merchants ecommerce sites, and expects to company was founded in Tel Aviv
dont need to manually review see its prospects list grow once in 2013 by the founders of Fraud
transactions. Forter does not EMV cards permeate the U.S. Science, a company acquired by
deliver a risk score as other fraud market. The move to EMV has PayPal in 2008.
fighters do. It either approves or prompted surges in ecommerce The Forter engine generates
declines a transaction. Merchants fraud in all other markets in its decisions in less than 500
are given a tool to review why a theworld. milliseconds, in the time between
Prospective clients can replace authorizing a payment card
their legacy fraud fighting systems, transaction and capturing data
Top Acquirers in which rely heavily on rules-based about the sale.

AsiaPacific 2014 decisions and expensive manual

review of suspect transactions,
Bill Zielke is Chief Marketing
Officer at Forter in San Francisco,

Volume Trans.
when they deploy the Forter California, (678) 592-7106, bill@
Rank Company (bil.) (bil.) platform. Typically, Forter sets up forter.com, www.forter.com.
1 China UMS $1,098.39 2.25
2 BC Card $143.17 3.49
3 JCB $134.61 1.58 AsiaPacifics Largest Acquirers
4 Commonwealth Bank $107.39 1.44 from page 1...
5 Natl Australia Bank $84.33 1.01 at $659.73 billion from 29.0 million in Japan were Aeon Financial Service
6 ANZ Merchant Serv. $78.49 1.09 active merchant outlets in the region. Co. and Credit Saison.
7 Westpac Banking $77.42 0.98 The regions largest acquirer of Visa ANZ Merchant Services,
8 Samsung Card $73.85 1.04 and MasterCard transactions was BC Commonwealth Bank, Westpac
9 Mitsubishi UFJ Nicos $63.43 1.22 Card of Korea, a position it has held Banking, and NAB in Australia
10 Hyundai Card $58.63 1.13 since 2012. Also based in Korea and also made the top 10. There were 5
Rankings are based on consolidated volume ranked among the top 10 acquirers Australian banks ranked among the
and transactions. Figures include all AsiaPacific are KB Kookmin Card, Samsung 30largest.
business. Volume is net (gross minus chargebacks)
for UnionPay, JCB, Visa, MasterCard, American Card, and Hyundai Card. Mitsubishi When measuring all general
Express, Diners Club, Discover, domestic general UFJ Nicos remained Japans largest purpose card purchase volume
purpose credit cards such as BC, and domestic acquirer of Visa and MasterCard including Visa, MasterCard, American
debit cards such as EFTPOS.
transactions. The other top acquirers Express, Diners Club/Discover, JCB,
2015 The Nilson Report
and UnionPay brands, as well as

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 domestic debit and credit card brands, volume for Other card figures shown in the table include 9.51
purchases of good and services was $2.197 trillion billion credit and debit card transactions generated
from 19.58 billion transactions. The 10 largest by JCB, China UnionPay, American Express, Diners,
acquirers in AsiaPacific and Discover as well as
accounted for $1.920 domestic-only brands
Purchase volume was $2.197 tril.
trillion from 15.24 billion that included BC Card,
transactions. China UMS from 19.58 bil. transactions. epal/EFTPOS, J-Debit,
led the list with a 50% and Samsung Card.
share of the top 30 based on purchase volume while Those transactions generated $1.538 trillion in
BC Card led with a 18% share based on transactions. purchasevolume.

Merchant Acquirers in AsiaPacific 2014

Visa & MasterCard (1) Other Cards (2) Active
Rank Transactions Volume Trans. Volume Merchant POS
14 13 Company, Headquarters (mil.) Chg. (mil.) Chg. (mil.) (mil.) Outlets Terminals
1 1 BC Card South Korea (3) 1,668.2 34% $67,473.1 24% 1,819.0 $75,698.6 2,635,681 3,083,747
2 2 Mitsubishi UFJ Nicos Japan 1,101.6 5% $57,084.4 5% 122.9 $6,342.7 6,247,498 7,309,573
3 4 ANZ Merchant Services Australia (4) 877.0 24% $65,029.4 14% 217.9 $13,456.8 197,471 64,456
4 3 KB Kookmin Card South Korea 807.5 10% $40,634.2 32% 2.3 $121.5 2,178,000 2,548,260
5 10 Westpac Banking Australia 703.9 51% $62,885.7 21% 271.8 $14,534.4 168,212 180,773
6 5 Aeon Financial Service Japan (5) 617.1 5% $28,009.4 8% 225.3 $11,314.4 57,950 67,802
7 6 Samsung Card South Korea (6) 594.4 3% $28,300.3 6% 447.9 $45,545.1 2,256,710 2,640,351
8 7 Commonwealth Bank Australia (7) 585.0 3% $60,077.7 8% 858.6 $47,308.9 169,132 195,204
9 11 National Australia Bank Australia (8) 573.2 42% $56,726.4 19% 432.4 $27,599.7 211,071 189,611
10 8 Hyundai Card South Korea 566.1 3% $29,313.6 5% 568.7 $29,316.6 2,194,478 2,494,605
11 9 Credit Saison Japan 495.8 6% $31,804.2 7% 101.9 $6,285.6 175,283 205,081
12 12 Citibank Singapore 240.6 2% $21,523.4 4% 136.0 $12,134.9 154,023 180,207
13 13 CTBC Bank Taiwan 229.4 10% $12,152.7 12% 72.4 $685.1 66,622 52,935
14 14 Natl Credit Card Center Taiwan (9) 176.9 1% $18,610.6 5% 91,203 108,673
15 16 Kasikornbank Thailand 140.3 25% $14,260.0 17% 1.6 $350.2 168,885 181,339
16 15 Global Payments Hong Kong (10) 130.8 4% $19,780.1 7% 14.6 $6,728.2 121,627 82,391
17 18 Bank Mandiri Indonesia (11) 105.0 22% $7,520.5 31% 220,000 270,352
18 17 Orient Corporation Japan (12) 103.5 3% $5,799.1 2% 35.4 $2,024.7 37,918 9,851
19 19 Hang Seng Bank Hong Kong 84.7 5% $11,287.7 7% 8.0 $2,303.0 12,443 14,558
20 20 Axis Bank India 60.5 4% $1,991.3 6% 74,774 243,334
21 SBI Payment Services India 56.5 $2,358.0 172,816 200,878
22 E. Sun Commercial Bank Taiwan (13) 41.2 $2,171.7 1.6 $78.2 5,951 13,032
23 21 BPI Philippines 32.2 2% $2,054.6 4% 5.6 $236.7 34,588 25,214
24 22 First Data Merchant Sol. Singapore 30.2 3% $4,058.1 5% 0.8 $292.5 34,414 40,264
25 23 BWA Merchant Services Australia 24.8 12% $2,941.4 8% 35.3 $1,995.3 9,580 14,332
26 Worldpay Asia-Pacific Singapore (14) 21.5 $5,676.3 0.4 $97.8 4,472 5,232
27 24 Sacombank Vietnam (15) 1.5 50% $177.3 37% <0.1 $4.2 3,602 4,650
28 25 Trade & Develop. Bank Mongolia (16) 0.2 57% $27.6 12% 298.2 $147.1 1,049 2,129
29 26 China UMS China 2,251.9 $1,098,392.4 2,489,026 2,835,539
30 27 JCB Japan 1,580.3 $134,610.5 8,850,000 9,558,000
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, JCB, UnionPay, and domestic credit and debit card brands. (3) Web: 122.2 mil., $8,704.6
mil. (4) Web: 117.8 mil., $10,901.4 mil. (5) Web: 45.7 mil., $2,195.3 mil. (6) Web: 74.8 mil., $5,470.0 mil. (7) Web: 146.8 mil., $19,691.8 mil. (8) Web: 130.0 mil.,
$16,662.6 mil. (9) Web: 25.5 mil., $1,825.7 mil. (10) Web: 19.6 mil., $3,271.9 mil. (11) Web: 1.6 mil., $118.3 mil. (12) Web: 7.9 mil., $3,101.3 mil. (13) Web:
1.4 mil., $87.6 mil. (14) Web: 22.7 mil., $5,991.6 mil. (15) Web: 0.4 mil., $12.5 mil. (16) Web: 0.3 mil., $10.9 mil. 2015 The Nilson Report

2015 HSN Consultants, Inc. THE NILSON REPORT SEPTEMBER 2015 / ISSUE 1071 / THE NILSON REPORT 7
 Chip Card Manufacturers
from page 1...
449.5million or 20.8% from 2.16 billion in 2013. year before. Chip cards represented 67.40% of the
The other 3.15 billion payment cards shipped only 539.9 million payment cards Oberthur Technologies
had magnetic stripes. Total shipments of microchip shipped in 2014, up from 50.00% in 2013.
cards reached 10.04 billion last year, a 12.1% increase Giesecke & Devrient had a 13.83% share of all
over2013. payment cards with chips, down from 14.90% the
Shipments of chip prior year. G&D payment
cards for SIMs used in Gemalto had a 27.93% share of all cards with chips accounted
mobile handsets totaled for 72.19% of its 499.9
5.74 billion last year,
payment cards with chips. million payment card total
up 8.6%. SIM cards in 2014.
accounted for 57.14% of all chip cards manufactured Goldpac had a 5.96% share of all payment cards
in 2014. Payment cards accounted for 25.99% of the with chips, up from 4.49% in 2013. Chip cards
total. Nonpayment chip cards held a 10.28% share. produced by Goldpac accounted for 63.63% of the
Transportation/ticketing cards accounted for a 4.48% 244.4 million payment cards it shipped last year.
share. Prepaid phone cards with chips held a 1.20% Morpho had a 4.32% share of all payment cards
share. Private label prepaid chip cards accounted for with chips, down from 4.66% in 2013. Chip cards
a 0.90% share. produced by Morpho accounted for 70.44% of the
Gemalto had a 27.93% share of all payment cards 160.0 million payment cards it shipped last year.
with chips shipped in 2014, up from 25.59% the Microprocessor cards accounted for 78.41% of
prior year. Of the 880.0 million payment cards it the chip cards shipped in 2014. Dual-interface cards
manufactured last year, 82.84% had chips, up from held a 11.51% share. Contactless cards accounted for
80.38% in 2013. 7.93%. Memory cards held a 2.15% share.
Oberthur Technologies had a 13.94% share of
all payment cards with chips, up from 12.96% one Prior issues: 1044, 1021, 1004, 983, 981, 960, 959, 936

Payment Card Manufacturer Shipments

from page 1...
1.00 billion. In prior years, Figures shown in the tables include all cards shipped to their
transportation/ticketing cards on page 9 are all payment cards customers, including other high-
were included in this other shipped, including those with security cards and some ATM-only
or PIN-based debit cards that do
Top Manufacturers of Payment Cards not carry global bank card brands.
Ranked by Shipments 2009 vs. 2014 Goldpac figures in the Visa and
Market MasterCard category include
Share> Brand 2009 (Mil.) 2014 (Mil.) Change UnionPay cards because some
15
2014
Gemalto 609.0 880.0 44% UnionPay cards also carry Visa or
MasterCard brands.
2018

13
11 Perfect 377.3 611.7 62%
Gemalto remained the largest
8
49 48 2013
2009 10
OT 447.2 539.9 21% manufacturer of payment cards,
11 9 with an increase in shipments of
9 G&D 482.7 499.9 4%
27.9% or 192.0 million more cards
9 6%
7 CPI 412.0 387.1 than 2013. Other manufacturers
in the top 10 with increases in
2015 The Nilson Report
the rest 2,145.1 2,840.6 32%
payment card shipments included
61

CPI Card Group, Goldpac,

payment cards category. 61%

mag-stripes and/or chips. Morpho, and MCT, which

Transportation/ticketing cards are Gemalto, Giesecke & Devrient, increased its shipments by 88.7
now included in a separate and Oberthur Technologies million, a 163.0% increase. Other
category. This precludes shipments reported here in the large manufacturers (more than
comparison with prior years. Visa and MasterCard category > see p. 12

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 Total Payment Card Shipments by Manufacturer 2014
Rank Manufacturer/Headquarters mil. Rank Manufacturer/Headquarters mil. Rank Manufacturer/Headquarters mil.
1 Gemalto Netherlands 880.0 18 Toppan Printing Japan 46.9 35 HGCard China 10.2
2 Perfect Plastic U.S. 611.7 19 Exceet Card Group Germany 42.0 36 Silone China 9.4
3 Oberthur Technologies (OT) France 539.9 20 Rosan Finance Russia 41.1 37 FoongTone Tech. Taiwan 8.3
4 Giesecke & Devrient Germany 499.9 21 FutureCard U.A.E. 39.1 38 MK Smart Vietnam 7.3
5 CPI Card Group U.S. 387.1 22 Alioth Russia 33.3 39 Taiwan Name Plate Taiwan 7.2
6 Valid Brazil, U.S. 287.9 23 Plastkart Turkey 32.6 40 Toppan Forms Hong Kong 7.0
7 Goldpac China 244.4 24 Austria Card Austria 32.5 41 Siepmanns Card Systems India 6.1
8 Morpho Germany 160.0 25 M-Tech Innovations India 21.7 42 SAETIC Spain 5.7
9 MCT Cards & Tech. India 143.0 26 TAG Systems Andorra 21.6 43 Beautiful Card Taiwan 3.5
10 IntelCav Brazil 104.6 27 Plastic Cards Mfg. Saudi Arabia 20.9 44 RG Technology Card Mexico 3.2
11 DZ Card Thailand 97.0 28 Hogier Gartner Colombia 18.1 45 Kyodo Printing Japan 2.5
12 Jing King Tech Hong Kong 92.8 29 Swiss Post Solutions Germany 17.7 46 INCM Portugal 2.4
13 Thomas Greg & Sons Colombia 62.0 30 PGP Group Hong Kong 16.0 47 Logikard Ecuador 2.4
14 Thames Card Tech. U.K. 58.5 31 Masria Card Egypt 14.5 48 A Card Company Hong Kong 1.0
15 ABnote U.S. 55.1 32 ICK Co. South Korea 12.9 49 China Card Smart Card China 0.8
16 Shenzhen Takcere China 53.1 33 Watchdata China/Singapore 12.0 50 NOVO Germany 0.7
17 NovaCard Russia 49.0 34 Asia Credit Card (ACC) China 12.0 2015 The Nilson Report

Payment Card Shipments by Type of Card 2014

Visa & MasterCard Cards 31 FoongTone Tech. 4.9 18 FoongTone 3.4 12 HGCard 10.2
Rank Manufacturer mil. 32 Toppan Forms 4.5 19 Toppan Forms 2.4 13 DZ Card 7.0
1 Gemalto (1) 880.0 33 SAETIC 4.1 20 Exceet Card Group 2.0 14 M-Tech Innovations 6.6
2 OT (1)
539.9 34 Watchdata 3.0 21 ICK Co. 1.7 15 Siepmanns Card Sys. 6.0
3 Giesecke & Dev. (1) 499.9 35 Swiss Post Solutions 2.7 22 Beautiful Card 1.5 16 Goldpac 5.1
4 Perfect Plastic 350.9 36 Takcere 2.6 23 TAG Systems 1.5 17 FutureCard 5.0
5 CPI Card Group 316.8 37 Kyodo Printing 2.0 24 Hogier Gartner 1.0 18 ABnote 4.0
6 Goldpac (2) 239.3 38 INCM 1.5 25 Alioth 0.6 19 Silone 3.4
7 Valid 173.5 39 Beautiful Card 1.3 26 M-Tech Innovations 0.6 20 RG Technology Card 3.2
8 Morpho 158.3 40 MK Smart 1.1 27 Kyodo Printing 0.6 21 PGP Group 2.9
9 DZ Card 80.0 (1) Includes all cards for bank clients. 28 Taiwan Name Plate 0.4 22 Hogier Gartner 2.8
10 MCT Cards & Tech. 65.5 (2) Includes UnionPay cards. 29 SAETIC 0.4 23 ICK Co. 2.5
11 Toppan Printing 45.6 Other High Security Cards 30 Thames Card Tech. 0.4 24 Logikard 2.4
12 Thomas Greg & Sons 41.5 including ATM & PIN Debit 31 China Card Smart Card 0.3 25 Masria Card 2.4
13 Rosan Finance 40.7 Rank Manufacturer mil. 32 Masria Card 0.3 26 NovaCard 2.2
14 IntelCav 36.5 1 Perfect Plastic 155.9 33 Siepmanns Card Sys. 0.1 27 Plastkart 2.1
15 ABnote 34.7 2 MCT Cards & Tech. 77.6 Includes Amex, Diners Club, 28 Morpho 1.7
16 NovaCard 33.3 3 Jing King Tech 76.7 Discover, Maestro, JCB, UnionPay, 29 Toppan Printing 1.3
4 CPI Card Group 46.8 and ATM and PIN debit cards.
17 Alioth 32.6 30 SAETIC 1.2
18 Plastkart 30.5 5 Takcere 39.7 Other Payment Cards 31 A Card Company 1.0
19 FutureCard 30.3 6 ABnote 16.4 Rank Manufacturer mil. 32 INCM 0.9
20 Austria Card 23.7 7 IntelCav 14.0 1 Valid 107.4 33 NOVO 0.7
21 TAG Systems 19.7 8 NovaCard 13.5 2 Perfect Plastic 104.9 34 Beautiful Card 0.6
22 Jing King Tech 16.1 9 PGP Group 13.1 3 IntelCav 54.1 35 China Card Smart Card 0.5
23 Thames Card Tech. 15.5 10 DZ Card 10.0 4 Thames Card Tech. 42.7 36 Rosan Finance 0.4
24 M-Tech Innovations 14.5 11 Watchdata 9.0 5 Exceet Card Group 30.0 37 TAG Systems 0.3
25 Hogier Gartner 14.4 12 Austria Card 8.8 6 CPI Card Group 23.5 38 Toppan Forms <0.1
26 Masria Card 11.8 13 Valid 7.0 7 Thomas Greg & Sons 20.6 39 FoongTone Tech. <0.1
27 Exceet Card Group 10.0 14 MK Smart 6.2 8 Swiss Post Solutions 15.1 Retail, oil, airline, fleet, etc.
28 ICK Co. 8.7 15 Silone 6.0 9 ACC 12.0 2015 The Nilson Report
29 Taiwan Name Plate 6.8 16 Plastic Cards Mfg. 4.8 10 Takcere 10.8
30 Plastic Cards Mfg. 5.3 17 FutureCard 3.8 11 Plastic Cards Mfg. 10.8

2015 HSN Consultants, Inc. THE NILSON REPORT SEPTEMBER 2015 / ISSUE 1071 / THE NILSON REPORT 9
 Total Chip Card Shipments Shipments by Category and Type of Card 2014
Rank Manufacturer/Headquarters Mil. Payment Cards (1) 6 IntelCav 59.5 21 Silone 2.4 6 Bluefish Tech. 321.0 Prepaid/Gift Cards 16 Austria Card 2.0
1 Gemalto Netherlands 2,479.2 Rank Manufacturer Mil. 7 Jing King Tech 42.6 22 NovaCard 2.2 7 Beautiful Card 268.6 Contactless Cards 17 Toshiba 2.0
2 Oberthur Technologies (OT) France 1,127.9 8 Goldpac 34.7 23 Thames Card Tech. 2.1 8 Asia Credit Card 160.0 18 Watchdata 2.0
1 Gemalto 729.0 Rank Manufacturer Mil.
3 Giesecke & Devrient (G&D) Germany 896.1 Less than 1 mil: Beautiful, Toppan
2 OT 363.9 9 NovaCard 33.9 24 FutureCard 2.0 9 COS Software 119.7 1 Plastek Cards 17.5
4 Morpho Germany 773.7 Forms, Takcere, BG Ingenierie, ICK,
5 Watchdata System China/Singapore 602.0 3 G&D 360.9 10 Valid 29.5 25 Masria Card 1.5 10 Jing King Tech 107.9 2 Exceet Card Group 4.0 FutureCard, Swiss Post, Goldpac,
6 Bluefish Technologies Denmark 321.0 4 Goldpac 155.5 11 Rosan Finance 27.6 26 Swiss Post Solutions 1.0 11 DZ Card 80.0 3 Toppan Printing 3.3 IntelCav, INCM, TAG, FoongTone.
7 Beautiful Card Taiwan 273.9 5 Morpho 112.7 12 Toppan Printing 26.1 Less than 1 mil: Kyodo Printing, 12 Valid 55.6 4 PGP Group 2.3 Microprocessor Cards
Rosan Finance, Takcere, Hogier
8 Jing King Tech Holdings Hong Kong 191.2 6 Jing King Tech 82.8 13 Alioth 24.3 Gartner, HGCard, IntelCav, Beautiful
13 Oasis Smart SIM 50.9 5 FoongTone Tech 1.1 1 OT 60.0
9 Asia Credit Card Production (ACC) China 182.0 7 CPI Card Group 73.8 14 DZ Card 16.0 Card, M-Tech Innovations, China 14 NovaCard 45.4 6 Toppan Forms 0.6 2 Gemalto 47.0
10 Exceet Card Group Germany 169.6 8 IntelCav 59.8 15 FutureCard 14.8 Card Group, Toppan Forms. 15 XH Smartcard 30.0 7 Jing King Tech 0.5 3 Watchdata 40.0
11 Goldpac China 156.4 Contactless Cards 16 FutureCard 12.0 8 FutureCard 0.5
9 Exceet Card Group 41.6 16 Austria Card 12.9 4 Morpho 30.8
12 COS Software Co. China 119.7
10 NovaCard 36.1 17 TAG Systems 12.2 1 Exceet Card Group 16.7 17 ImCARD 5.6 9 ICK 0.2 5 G&D 21.1
13 DZ Card Thailand 101.0
14 Valid Brazil, United States 96.2 11 Toppan Printing 34.3 18 Plastic Cards Mfg. 12.1 2 G&D 12.9 18 Exceet Card Group 3.0 10 ABnote <0.1 6 Toshiba 13.0
15 HID Global United States 93.0 12 Valid 33.3 19 Hogier Gartner 10.9 3 Asia Credit Card 12.0 19 Toshiba 2.0 Microprocessor Cards 7 PAV Card 6.6
16 China Card Smart Card (China Card Group) China 91.0 13 Austria Card 29.9 20 MCT Cards & Tech. 10.8 4 HGCard 9.4 20 IntelCav <0.1 1 IntelCav 10.9 8 Exceet Card Group 5.0
17 CPI Card Group United States 90.6 14 Rosan Finance 29.1 21 Thames Card Tech. 10.4 5 CPI Card Group 6.9 Memory/Dual-Interface Cards 2 Exceet Card Group 3.0 9 Austria Card 4.8
18 NovaCard Russia 82.0 15 Alioth 27.3 22 Plastkart 10.0 6 Siepmanns Card Sys. 6.0 1 OT (memory) 1.0 3 Hogier Gartner 1.0 10 FutureCard 4.5
19 IntelCav Brazil 71.0 16 Plastkart 22.5 23 Exceet Card Group 8.8 7 Toppan Printing 4.9 2 Watchdata (dual) 1.0 Less than 1 mil: ICK, TNP. 11 M-Tech Innovations 3.0
20 Toppan Printing Japan 56.8 3 IntelCav (memory) <0.1
17 DZ Card 21.0 24 Masria Card 8.4 8 Gemalto 4.0 Memory/Dual-Interface Cards 12 INCM 2.9
21 ASK France 53.4
22 Shenzhen Takcere Credit Card Mfg. China 51.8 18 FutureCard 19.6 25 ICK Co. 8.3 9 Valid 3.8 Transport/Ticketing Cards 1 Exceet Card (dual) 22.0 13 Beautiful Card 1.8
23 Oasis Smart SIM France 50.9 19 TAG Systems 19.1 26 Toppan Forms 6.0 10 Goldpac 3.8 Contactless Cards 2 Takcere 18.6 14 ICK 1.6
24 FutureCard United Arab Emirates 49.9 20 ICK Co. 12.9 27 Takcere 4.7 11 Takcere 2.9 Rank Manufacturer Mil. 3 PGP Group 1.9 15 CPI Card Group 1.5
25 Plastkart Turkey 42.6 21 Thames Card Tech. 12.5 28 FoongTone Tech. 4.6 12 OT 2.4 1 ASK 48.2 4 Exceet Card Group 1.0 16 Masria Card 1.1
26 Austria Card Austria 37.9 22 Plastic Cards Mfg. 12.1 29 SAETIC 4.1 13 Silone 2.2 2 China Card Group 41.7 5 FutureCard 0.8 Less than 1 mil: Plastic Cards Mfg.,
27 PAV Card Germany 32.0 23 Asia Credit Card 12.0 30 M-Tech Innovations 3.0 14 Plastkart 1.5 3 Takcere 24.0 6 FoongTone (dual) 0.1 ABnote, MCT, Goldpac, FoongTone,
28 PGP Group Hong Kong 31.8 Alioth, Hogier Gartner, Toppan
24 Watchdata 12.0 31 Beautiful Card 2.5 15 M-Tech Innovations 1.4 4 AbaciCard 20.0 7 Taiwan Name Plate <0.1 Printing, BG Ingenierie, Rosan, TAG,
29 ABnote United States 31.8 Less than 1 million: SAETIC, PGP
30 XH Smartcard Co. China 30.0
25 Hogier Gartner 11.5 32 Silone 2.4 5 Plastkart 15.0 Prepaid Phone Cards China Card Group.
Group, FutureCard, Rosan Finance,
31 Rosan Finance Russia 29.1 26 MCT Cards & Tech. 10.9 33 Watchdata 2.0 Perfect Plastic, Jing King Tech., ICK, 6 G&D 14.8 Memory Cards Memory Cards
32 Alioth Russia 27.6 27 HGCard 10.2 34 Swiss Post Solutions 1.7 Kyodo Printing, IntelCav, Beautiful 7 Watchdata 12.0 Rank Manufacturer Mil. 1 Exceet Card Group 15.0
33 AbaciCard Turkey 20.0 28 Masria Card 10.1 Less than 1 million: INCM, Kyodo Print- Card, Austria Card, Masria Card, 8 Kyodo Printing 6.4 1 Gemalto 65.0 2 PAV Card 12.8
34 TAG Systems Andorra 19.2 ing, TNP, Thomas Greg & Sons. MCT, China Card Group.
29 Perfect Plastic 9.9 9 OT 6.0 2 Morpho 9.0 3 Thames Card Tech. 5.8
35 Thames Card Technology United Kingdom 18.2 30 ABnote 9.5 Dual-Interface Cards Memory Cards 10 FutureCard 6.0 3 Swiss Post Solutions 6.4 4 ABnote 4.1
36 Toshiba Japan 18.0 31 Takcere 8.4 1 Gemalto 333.0 1 Gemalto 10.0 11 ABnote 5.7 4 Plastkart 3.0 5 FutureCard 2.5
37 Plastek Cards United States 17.5 32 FoongTone Tech. 7.7 2 157.0 2 Exceet Card Group 4.1 5 FutureCard 3.0 6 2.4
G&D 12 Toppan Printing 3.3 PGP Group
38 ICK Co. South Korea 15.3
39 Kyodo Printing Japan 14.5
33 Silone 7.0 3 Goldpac 117.1 3 FutureCard 2.0 13 Toshiba 1.0 Nonpayment Cards 7 Valid 1.7
40 Plastic Cards Manufacturing Saudi Arabia 13.9 34 Toppan Forms 6.0 4 OT 90.0 4 Morpho 1.7 Less than 1 mil: Swiss Post Contactless Cards 8 Morpho 1.1
35 Siepmanns Card Sys. 6.0 Solutions, Taiwan Name Plate,
41 Hogier Gartner & Cia Colombia 13.3 5 Jing King Tech 39.7 5 OT 1.5 FoongTone Tech., Morpho, PGP
Rank Manufacturer Mil. Less than 1 mil: Plastic Cards Mfg.,
42 FoongTone Technology Taiwan 13.0 36 Taiwan Name Plate 5.0 6 Morpho 17.0 6 ABnote 1.3 1 HID Global 93.0 Austria Card, G&D, Kyodo Printing,
Group, NovaCard, Masria Card.
Takcere, Goldpac, Taiwan Name
43 MCT Cards & Technology India 11.7 37 SAETIC 5.0 7 Austria Card 16.9 (1) Payment Cards include Visa, Microprocessor Cards 2 China Card Group 40.8 Plate, Plastkart, BG Ingenierie, MK.
44 Masria Card Egypt 11.6 38 M-Tech Innovations 4.6 8 Exceet Card Group 12.0 MasterCard, Maestro, American 1 China Card Group 8.0 3 Gemalto 36.0 Dual-Interface Cards
45 Swiss Post Solutions Germany 10.4 Express, JCB, Diners Club, UnionPay,
39 Beautiful Card 2.8 9 Plastkart 11.0 Discover, debit, ATM, store, and oil 2 Watchdata 1.0 4 Exceet Card Group 30.0 1 Exceet Card Group 45.0
46 Shandong Huaguan Smart Card (HGCard) China 10.2
40 Swiss Post Solutions 2.7 10 Watchdata 10.0 company cards. Less than 1 million: 3 Toshiba 1.0 5 Morpho 23.7 2 Gemalto 17.2
47 Perfect Plastic Printing United States 9.9
48 M-Tech Innovations India 7.6 41 Kyodo Printing 1.9 11 Perfect Plastic 9.3 CPI Card Group, PGP Group, HGCard, 4 FoongTone <0.1 6 PGP Group 21.7 3 OT 10.0
42 PGP Group 1.5 12 ABnote 8.2 Masria Card, MK Smart. Dual-Interface/Memory Cards 7 CPI Card Group 15.3 4 G&D 6.3
49 Toppan Forms Card Technologies Hong Kong 7.2
50 Shenzhen Silone Electronic Intelligence China 7.0 Less than 1 million: INCM, China Card 13 TAG Systems 6.9 SIM Telephone Cards 1 ASK 5.2 8 OT 15.0 5 Morpho 5.6
51 Taiwan Name Plate (TNP) Taiwan 6.2 Group, MK Smart, Thomas Greg. 14 DZ Card 5.0 2 G&D (memory) 5.0 6 Toppan Printing 4.0
Microprocessor Cards 9 G&D 13.4
52 Siepmanns Card Systems India 6.0 Microprocessor Cards 15 CPI Card Group 4.8 Rank Manufacturer Mil. 3 FoongTone 2.8 10 PAV Card 12.6 7 Watchdata 3.0
53 ImCARD El Salvador 5.6 1 Gemalto 382.0 16 Taiwan Name Plate 4.7 1 Gemalto 1,585.0 4 OT 2.0 11 ABnote 11.6 8 PGP Group 1.3
54 SAETIC Spain 5.0 2 OT 270.0 17 ICK Co. 4.2 5 Watchdata 2.0 Less than 1 mil: Hogier Gartner,
2 OT 670.0 12 Toppan Printing 11.3
55 Imprensa Nacl-Casa da Moeda (INCM) Portugal 3.7 Austria Card, ICK, FutureCard, Kyodo
3 G&D 191.0 18 Toppan Printing 3.3 3 Morpho 590.0 6 Toppan Printing 0.5 13 Asia Credit Card 10.0
56 MK Smart Vietnam 1.1 Printing, FoongTone, BG Ingenierie,
Less than 1 million: BG Ingenierie (France), Thomas Greg & Sons 4 Morpho 94.0 19 FoongTone Tech. 3.1 4 Watchdata 529.0 7 FutureCard 0.5 14 Kyodo Printing 5.7 Goldpac, Alioth, TAG, ABnote, MK.
(Colombia). 2015 The Nilson Report 5 CPI Card Group 61.2 20 Alioth 3.0 5 G&D 474.0 8 NovaCard <0.1 15 Valid 5.5 2015 The Nilson Report

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 2015 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.

Payment Card Manufacturer Shipments

from page 8...
30 million payment cards shipped in 2014) that had private label, prepaid phone, SIM telephone, and
increases in payment card shipments in 2014 versus other telephone. Also excluded are nonpayment
2013 included Jing King (up 15.7%), Thames Card cards, such as drivers licenses, healthcare
Technology (up 381.5%), Exceet Card Group (up cards, identification cards, access control cards,
5.0%), Rosan Finance (up 13.1%), and Alioth membership/loyalty cards, pay TV cards as well as
(up 5.2%). cards for gaming, ecommerce/digital certifications,
Cards that are not part of the payment card and promotions. These figures will be shown in an
category include transportation/ticketing, prepaid upcoming issue.

Kash Payments from Deposit Accounts

from page 1...
Web sellers, and mobile app an online sellers checkout page initiate debits and credits between
developers wanting to give without downloading an app. buyers and sellers.
consumers access to their funds Inside retail locations, the Kash Kash can offer its service for
app creates a unique QR code for micropayments and atypical
every transaction. For online sales, businesses like event insurance,
consumers receive a text message where a premium might be less
with a unique code they enter to than $2. The company has raised
complete a purchase. $4 million in venture funding.
Kash has created what it calls It expects to build its acceptance
a live risk algorithm, which network through shopping cart
it applies to each payor. The vendors and business-to-business
algorithm predicts their credit invoicing companies.
on deposit through the Automated worthiness using
Clearing House (ACH) system. more than 100
The Kash app creates a unique QR
Kash will be a service mark at factors. Kash
brick-and-mortar locations. guarantees 100%
code for every POS transaction.
Online sellers will integrate Kashs of all transactions.
liveACH application program Sellers pay 0.50% of the sales Kasra Nejatian is CEO at Kash in
interface into their checkout page amount for in-store and online San Francisco, California, (844)
on a white-label basis. payments. They receive funds 545-5333, [email protected],
Consumers register by from Kash within 24 hours even www.withkash.com.
downloading an app and log into though Kash might not receive
it using their online banking funds from the buyers deposit
details. Kash says the process account for up to 72 hours.
takes less than two minutes. Kash uses three banks to send
Consumers can also register at transactions into the ACH to

David Robertson, Publisher

September 15, 2015

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