Nilson Report

Issue 1057 | Feb 2015

FEATURED COMPANIES

Companies featured in this issue include:

Purchase Volume for U.S. General Purpose Brands

Investments & Acquisitions - January 2015

U.S. Credit Card Outstandings

Purchase Volume on U.S. General Purpose Cards 2014

U.S. General Purpose Cards 2014 vs. 2013

Change in Purchase Volume 2014 vs. 2013

Market Shares of Purchase Volume - Visa vs. MasterCard

U.S. General Purpose Credit Cards

U.S. Visa & MasterCard Debit & Prepaid Cards

U.S. Visa & MasterCard Credit, Debit, & Prepaid Cards

U.S. Credit Card Outstandings

Outstanding credit card receivables tied to general purpose cards issued in the United States reached $764.86 billion at year-end 2014, up 4.2% over 2013.

Visa
$347.12 billion
MasterCard
$258.23 billion
American Express
$103.35 billion
Discover
$56.16 billion

Full access to the U.S. Credit Card Outstandings results is available when you subscribe to The Nilson Report.


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POSTED FEB 18, 2015 | PRINT

Western Union Supports Apple Pay

Storefront locations owned by Western Union as well as more than 7,600 Walgreens and Duane Reade stores in the U.S. now offer iPhone 6 and 6 Plus users the opportunity to fund a Western Union money transfer or bill payment from their Apple Pay wallet. Apple Pay transactions occur at POS terminals with NFC-enabled contactless chip readers and are secured using TouchID, a mathematical representation of a user’s fingerprint. There is no need for senders or receivers to download the Western Union mobile app to use Apple Pay.

Only debit cards in Apple Pay wallets can be used for Western Union transactions because of their cheaper interchange fees, instant validation of funds, and additional data points for use in WU’s fraud prevention algorithm. 

Western Union says that over 66% of international money transfer senders who are migrant workers in the U.S., and more than 80% of senders who are not, own a smartphone. Mobile transactions already account for more than 40% of transactions in the U.S. at westernunion.com. Those mobile customers have downloaded Western Union’s app. They can complete money transfer or bill payment transactions within the app or use it to provide Western Union with all needed information about themselves and the receiver, and then pay cash over the counter to complete the transaction. 

David Thompson is Executive VP and CIO at Western Union in Denver, Colorado, (720) 332-3284, david.thompson@westernunion.com, www.westernunion.com.



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