Nilson | Jotup

The Bancorp Bank, N.A. Shares Growth of its Wholesale Purchase Program

Retrieved on:

Tuesday, June 6, 2023

Banking, Accounting, Professional Services, Finance, Street food in South Korea, Fear, Clifton Bancorp, Inc., Sale, Nilson, Bank, NACHA, Bank holding company

(“Bank”), a wholly-owned subsidiary of The Bancorp, Inc. (“Company”) (NASDAQ: TBBK), processed over $229M of wholesale transactions through its Wholesale Purchase Program.

Key Points:

(“Bank”), a wholly-owned subsidiary of The Bancorp, Inc. (“Company”) (NASDAQ: TBBK), processed over $229M of wholesale transactions through its Wholesale Purchase Program.
“By implementing the Wholesale Purchase Program, The Bancorp Commercial Lending is uniquely positioned to help financial institutions, and businesses reduce balance sheet risk and free up assets,” said Jeff Nager, Executive Vice President of Commercial Lending.
Through the program, the Bank offers a transaction-based sale with no borrower deposit or past lending relationship required.
“The growth we have seen by offering a secondary market indicates a need for this service in the marketplace.

Payment Card Volume Topped $40 Trillion Worldwide in 2022

Retrieved on:

Wednesday, May 24, 2023

Mastercard, Diner, Growth, Nilson, ATM, JCB, History, UnionPay, Payment card, American Express, Visa

For the first time in the history of the global payment card industry total volume exceeded $40 trillion.

Key Points:

For the first time in the history of the global payment card industry total volume exceeded $40 trillion.
Collectively, global network cards generated 624.86 billion transactions worldwide to purchase goods and services in 2022, up 7.5% over 2021.
Visa brand credit and debit cards accounted for 35% of total volume worldwide in 2022, second to UnionPay.
Mastercard ranked third largest worldwide with a 20% share of total volume and a 24% share of all card transactions for purchases of goods and services.

Smart Payment Solutions Provider Tianyu to Showcase Latest Products at Seamless Middle East

Retrieved on:

Tuesday, May 23, 2023

Osama Al Biqawi, MENA Regional V P of Tianyu, has also delivered a speech themed "Smart card and device solution" on the Seamless Launchpad.

Key Points:

Osama Al Biqawi, MENA Regional V P of Tianyu, has also delivered a speech themed "Smart card and device solution" on the Seamless Launchpad.
With its robust technological capabilities, Tianyu has established itself as a prominent player in the financial technology industry, particularly with its flagship smart payment terminals and smart cards.
Specifically, the Company was ranked among the world's top four smart payment terminal players globally by market share, according to a 2022 Nilson report.
In the Middle East, Tianyu has successfully expanded its business in Kuwait, Saudi Arabia, Jordan, Sudan, and more, with notable customers using its smart cards and POS terminals.

TabaPay Ranked Among Top Merchant Acquirers by Nilson Report

Retrieved on:

Thursday, May 4, 2023

TabaPay was also recognized as the 20th largest merchant acquirer in the U.S. based on Visa and Mastercard volume.

Key Points:

TabaPay was also recognized as the 20th largest merchant acquirer in the U.S. based on Visa and Mastercard volume.
The report also recognized TabaPay as:
One of 11 merchant acquirers with an increase of over 25% in other credit card purchase volume outside of Mastercard and Visa networks in 2022.
TabaPay moved up a spot as a CNP acquirer and five spots as a merchant acquirer, from Nilson Report’s previous annual rankings.
“We are seeing tremendous growth in transaction volumes as evidenced by TabaPay moving up in the Nilson Report annual rankings.

Digital Solutions Provider Tianyu Eyes European Payments Market in 2023

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Friday, March 10, 2023

Exhibition, Yoy, Internet of things, SIM, CPE, Nilson, EuroShop, R, MEA, Passive optical network, PON, ESIM, Mobile phone, EE-Media

Tianyu was in the world's Top 4 smart payment terminal players globally by market share, per a 2022 Nilson report.

Key Points:

Tianyu was in the world's Top 4 smart payment terminal players globally by market share, per a 2022 Nilson report.
The company's global expansion efforts are expected to yield full-year earnings of $9m to $13m in 2022, up to 163% YoY.
In addition, Tianyu also expanded its business footprint into products and solutions covering communications, the Internet of Things (IoT), big data, and more.
The company offers a range of communications solutions, including eSIM solutions and telecom products such as SIM cards, Mobile Wi-Fi, Customer Premise Equipment (CPE), Passive Optical Network (PON).

UnionPay International's continuous expansion of its global network sees over 200 million cards issued outside the Chinese Mainland

Retrieved on:

Friday, December 30, 2022

Boost, Telecommunication, Mainland China, QR, UnionPay, UPI, Payment, Nilson, K-Plus, Macau, Payment card

SHANGHAI, Dec. 30, 2022 /PRNewswire/ -- With the issuance of UnionPay cards exceeding 200 million outside the Chinese Mainland, UnionPay International (UPI) is stepping into a new decade of providing high quality, cost effective and secure cross-border payment services to the world's largest cardholder base. UPI's partners have expanded from 60 initial members since establishment in 2012 to 2,500 institutions internationally with an acceptance network that currently spans 181 countries and regions, 78 of which now issue UnionPay cards, ensuring convenient local services to an ever-growing number of global UnionPay cardholders and merchants.

Key Points:

Presently, outside the Chinese Mainland, 38 million global merchants accept UnionPay cards, a four-fold increase since 2012, with four million new merchants added in 2022 alone.
UnionPay card acceptance rates in APAC, Europe and North America have reached 95%, 80% and 80% respectively, while 22 million online merchants in 200 countries and regions now use UnionPay for payments.
More than 20 million UnionPay cards have been issued internationally since the beginning of this year, with transaction rates exceeding pre-pandemic levels.
In APAC, one-in-four newly issued bank cards is from UnionPay which now accounts for 95% of debit cards in Hong Kong and Macau SAR.

UnionPay International's continuous expansion of its global network sees over 200 million cards issued outside the Chinese Mainland

Retrieved on:

Friday, December 30, 2022

Boost, Telecommunication, Mainland China, QR, UnionPay, UPI, Payment, Nilson, K-Plus, Macau, Payment card

SHANGHAI, Dec. 30, 2022 /PRNewswire/ -- With the issuance of UnionPay cards exceeding 200 million outside the Chinese Mainland, UnionPay International (UPI) is stepping into a new decade of providing high quality, cost effective and secure cross-border payment services to the world's largest cardholder base. UPI's partners have expanded from 60 initial members since establishment in 2012 to 2,500 institutions internationally with an acceptance network that currently spans 181 countries and regions, 78 of which now issue UnionPay cards, ensuring convenient local services to an ever-growing number of global UnionPay cardholders and merchants.

Key Points:

Presently, outside the Chinese Mainland, 38 million global merchants accept UnionPay cards, a four-fold increase since 2012, with four million new merchants added in 2022 alone.
UnionPay card acceptance rates in APAC, Europe and North America have reached 95%, 80% and 80% respectively, while 22 million online merchants in 200 countries and regions now use UnionPay for payments.
More than 20 million UnionPay cards have been issued internationally since the beginning of this year, with transaction rates exceeding pre-pandemic levels.
In APAC, one-in-four newly issued bank cards is from UnionPay which now accounts for 95% of debit cards in Hong Kong and Macau SAR.

Continental Finance Company Closes Sixth Credit Card Term Securitization for $210 Million

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Thursday, September 29, 2022

Trust, LLC, Pandemic, Hope, Life, Growth, JPMorgan Chase, Credit Suisse, Unemployment, Nilson, Consumer, Financial crisis of 2007–2008, COVID-19, Multimedia, CFC, View, Credit, Online shopping, Bank

WILMINGTON, Del., Sept. 29, 2022 /PRNewswire/ --Continental Finance Company, LLC ("CFC") is pleased to announce the closing of its sixth term securitization of credit card receivables to date, which is also the third term securitization from its subsidiary Continental Finance Credit Card ABS Master Trust ("CFCCMT").

Key Points:

WILMINGTON, Del., Sept. 29, 2022 /PRNewswire/ --Continental Finance Company, LLC ("CFC") is pleased to announce the closing of its sixth term securitization of credit card receivables to date, which is also the third term securitization from its subsidiary Continental Finance Credit Card ABS Master Trust ("CFCCMT").
Consumers view these credit card products as an invaluable method of payment as much as they do an extension of credit.
Proceeds from the securitization were $210 million and will be used to repay CFC's two variable funding note revolving credit facilities.
The company aims to prove its value and remain the credit card of choice among its customers, earning their loyalty in the hope we remain their life-long credit card provider.

Finix raises an additional $30M to become the payments provider of choice for software platforms

Retrieved on:

Wednesday, August 10, 2022

SAN FRANCISCO, Aug. 10, 2022 /PRNewswire/ -- Finix, the payments technology company for software platforms, announced today that it has raised $30M in fresh capital, bringing the company's total funding to $133M. Finix raised at an increased valuation despite the more challenging economic environment this year. New and existing investors, including The General Partnership (TheGP), Franklin Templeton, American Express Ventures, Acrew Capital, Bain Capital Ventures, Cap Table Coalition, Homebrew, Insight Partners, Inspired Capital, Lightspeed Venture Partners, Precursor Ventures, PSP Growth, Vamos Ventures, and more participated in the round.

Key Points:

TheGP invested in Finix because we believe they are the only payments provider that offers software platforms the flexibility needed to succeed as they scale."
Finix is a leading example of the type of state-of-the-art payments infrastructure provider that makes this embedded experience possible.
Over the next few months, Finix plans to announce more features to help software platforms better manage their payments and merchants.
Finix provides payments technology to software platforms such as Lightspeed POS Inc., Passport, and Kabbage from American Express.

UP Solution and United Merchant Services Launch Unified Brand Name Bluu

Retrieved on:

Wednesday, June 1, 2022

Nilson, City, Solution, Sale, Merchant services, Technology, POS Solutions, Restaurant, POS, Software as a service, Online shopping

HACKENSACK, N.J., June 1, 2022 /PRNewswire/ -- United POS Solutions, Inc (aka "UP Solution"), developer and provider of point-of-sale ("POS") solutions, and payment services provider and an affiliated company, United Merchant Services, Inc ("UMSI"), announced jointly today that they are re-branding under the name: Bluu. The companies hope to establish the Bluu brand name to be recognized as a leader in enhancement and transformation of financial and merchant services, and to offer revolutionary products and services in POS and merchant support technology solutions.

Key Points:

UP Solution and United Merchant Services, Inc plan on making a big push to become a technology solutions provider under a common brand name, BLUU.
HACKENSACK, N.J., June 1, 2022 /PRNewswire/ -- United POS Solutions, Inc (aka "UP Solution"), developer and provider of point-of-sale ("POS") solutions, and payment services provider and an affiliated company, United Merchant Services, Inc ("UMSI"), announced jointly today that they are re-branding under the name: Bluu.
The companies hope to establish the Bluu brand name to be recognized as a leader in enhancement and transformation of financial and merchant services, and to offer revolutionary products and services in POS and merchant support technology solutions.
United Merchant Services, Inc ("UMSI"), is a leading payment services provider with nearly three decades of experience in the payment industry, ( www.unitedmerchant.com ).