The Nilson Report

THE CURRENT ISSUE: Issue 1047 | Aug 2014

Today's Download: The Current Issue

Companies featured in The Current Issue include:

Headlines from The Current Issue

Asia-Pacific General Purpose Cards

FleetCor to Acquire Comdata

Soft Space mPOS in Southeast Asia

Top U.S. Consumer Credit/Debit Issuers

U.S. Commercial Bank Cards - Part 2

Payoneer Global B2B Payments

First Data Acquiring in Brazil

Investments & Acquisitions - July 2014

TSYS’s Enterprise Tokenization

Distributing/Authenticating PINs via Smartphones

Card Manufacturer Shipments - Part 2

Syniverse’s Mobile Intelligence Portal

Charts in this Issue

Asia-Pacific Brand Market Share and Purchase Volume 2012 vs. 2013

U.S. Visa & MasterCard Commercial Cards Purchase Volume 2013

Investments & Acquisitions - July 2014

Telephone, Prepaid & Nonpayment Card Shipments 2013

Largest U.S. Issuers of Consumer Visa and MasterCard Cards 2013

Purchase Transactions on Cards Issued in Asia-Pacific 

Asia-Pacific General Purpose Cards 2013 vs. 2012

Largest U.S. Issuers of Consumer Visa and MasterCard Cards 2013

Ranked on page 10 are the largest U.S. debit card issuers based on consumer spending. Spending on commercial debit cards they issue is excluded.

1. Bank of America
Consumer Purchase Vol. $244.78 bil.
2. Wells Fargo
Consumer Purchase Vol. $221.00 bil.
3. JPMorgan Chase
Consumer Purchase Vol. $164.76 bil.
4. PNC
Consumer Purchase Vol. $49.52 bil.
5. U.S. Bank
Consumer Purchase Vol. $45.84 bil.

Full access to the Largest U.S. Issuers of Consumer Visa and MasterCard Cards 2013 results is available when you subscribe to the Nilson Report.



Banco Cooperativo do Brazil (Bancoob), the banking arm of the Brazilian Credit Union System (Sicoob), is First Data’s partner on a new merchant acquiring business in that country. First Data will brand the business Bin. Sicoob will use another brand. First Data has invested more than $150 million to launch Bin, including building logistics and support operations, hiring more than 200 people, and providing all of the technology including a transaction capture, authorization, and processing system customized for the Brazil market.

Sicoob is the sixth-largest financial services network in Brazil based on the number of points of service with 2,200. It is registered with Banco Central do Brasil as the provider of settlement with all merchants, and also holds the Visa and MasterCard licenses. 

Prior payment industry experience for Bancoob includes 51% ownership in a joint venture with Argentina-based Cabal called Cabal Bancoob, which issues and acquires credit cards, debit cards, and employee-benefit vouchers. Credit cards (724,000) and debit cards (1.7 million) carry the Cabal, Visa, and MasterCard brands.

Sicoob will market card acquiring to more than 300,000 small and midsized merchants that use credit unions for their commercial deposit accounts. Most are outside large cities. About 70,000 of those merchants have an existing relationship with another acquirer. It hopes to take over much of that business. 

Marco Aurélio Almada is President at Bancoob in Brasilia, Brazil, 55 (61) 3217-5201,,

First Data will handle all operational support for both Bin and Sicoob’s brand, and will manage its own direct sales force, which will look for business among small, medium, and large merchants. It also plans on developing agent bank and ISO relationships. Next year First Data plans to introduce its Clover Station tablet-based POS service, smartphone-based mobile POS, and Chip & PIN processing in Brazil.

Currently merchant acquiring in Brazil is dominated by Cielo and Rede. Both are at least five times larger than third-ranked Santander based on the number of card payments handled. Other multinational acquirers in Brazil include Elavon and Global Payments. Last year card payment transactions grew by more than 18% in Brazil. 

Debbie Guerra is Senior VP and General Manager Brazil at First Data in Sao Paulo, Brazil, 55 (11) 3631-1409,,