Mentioned Companies:

Huntington, TCF Merger Impacts Debit Cards

Regional U.S. banks Huntington Bancshares and TCF Financial have agreed to merge in an all-stock transaction. Huntington will acquire TCF for almost $6.00 billion. The combined bank will have about $170 billion in assets and over 1,200 branch locations in 12 states. When their debit card businesses are combined, the new bank will rank 14th largest in the U.S. Huntington and TCF combined generated $39.05 billion in purchase volume in 2019 from 1.06 billion transactions and 5.1 million cards. Huntington, which issues Mastercard brand debit cards, uses Fiserv to handle cardholder account proce...

Want to read more?

Please log into your subscriber account.

Check out our subscription offers.
New subscribers receive over 130 articles in the 22 issues published each year, plus the last five years of issues (that’s over 1,200 articles) as a download link, which are fully searchable in PDF format.

© Copyright 2024 Nilson Report


January 2021
Headlines in this Issue
Charts in this Issue

Purchase Transactions Projected Worldwide

Market Shares of Purchase Transactions Projected for 2025 by Region

Purchase Transactions Global Brand Cards 2000-2020

M&A Activity in Merchant Processing and Acquiring by Region—2020

Mastercard & Visa Worldwide thru 3Q 2020