The Nilson Report

Issue 1144 | Dec 2018

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Companies featured in this issue include:

U.S. Consumer Payment Systems

Mastercard & Visa Worldwide through 3Q ‘18

Top 150 Credit Card Issuers Worldwide

McLear Smart Payment Rings

Evolve B&T Payment Processing

Sezzle Installment Loans

MagicCube’s sTEE Secures Devices for Payments

Card Manufacturer Shipments—Part 3

Investments & Acquisitions—November 2018

Urovo POS Terminal

Consumer Payment Systems in the U.S. 2017

Investments & Acquisitions—November 2018

Card Shipments: Phone, Prepaid, Transportation, Nonpayment 2017

U.S. Consumer Payment Systems—Paper, Cards, Electronic

Personal Consumption Expenditures in the U.S.

Top Credit Card Issuers by Purchase Volume & Country 2017

Mastercard & Visa Worldwide through 3rd Quarter 2018

Mastercard & Visa Worldwide through 3rd Quarter 2018

Global purchase volume in the Visa and Mastercard networks reached $9.377 trillion for the first nine months of 2018. The U.S. total was $3.843 trillion.

1. 1. Visa Worldwide
$6.186 trillion, +11.0%
2. 2. Mastercard Worldwide
$3.191 trillion, +14.9%
3. 3. Worldwide totals
$9.377, +12.3%

Full access to the Mastercard & Visa Worldwide through 3rd Quarter 2018 results is available when you subscribe to The Nilson Report.


MagicCube’s sTEE Secures Devices for Payments

Manufacturers of POS terminals and other vendors are waiting for final test results from EMVCo before selecting technology partners for PIN on Glass products (smartphones and tablets) and software-only payment acceptance applications. Final test results are expected in the first quarter of 2019. Software-only methods of protection for PINs will save merchants the expense of purchasing dedicated hardware capable of handling the encryption required. 

This move away from hardware also marks a new era in payments, one that involves tens of millions of connected devices capable of creating new nodes on a network that can securely accept a payment. Huge opportunities remain to digitize cash and other paper-based payments in consumer and business-to-business payments. 

MagicCube is one of the vendors expected to benefit from EMVCo security validation. The company provides the only software Trusted Execution Environment platform (sTEE). There is no need for a dedicated chip or a chip partition because sTEE moves the secure execution into a software-only container within an app or a payment acceptance device, including those used for IoT (internet of things) applications.

Sam Shawki is CEO at MagicCube Inc. in Santa Clara, California, (650) 863-9723,,

Prior issues: 1116, 1102

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