The Nilson Report

Issue 1145 | Jan 2019

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Companies featured in this issue include:

Credit Card Outstandings in the U.S.

Visa Wants B2B Cross-Border Payments Company

Card Transactions Projected Worldwide

Self-Sovereign Identity Using DLT

Pine Labs Merchant Services

IATA Financial Services

Fingopay Vein ID Biometric Authentication

Ingenico ePayments in Russia

Investments & Acquisitions—December 2018

MoreFun POS Terminal

EMV Solution for Gas Pumps

JCB QR Code Payments in Asia

Citi Rewards+ Credit Card

Mastercard Streamlines Corporate Logo

U.S. General Purpose Cards, Outstandings vs. Purchase Volume

Investments & Acquisitions—December 2018

Projected Growth of Purchase Transactions Worldwide

Outstandings as a Percentage of Purchase Volume on U.S. General Purpose Cards 1990-2018

Investments & Acquisitions—December 2018

A total of 43 acquisitions, joint ventures, and investment transactions occurred in 12 countries in December 2018. The top five deals with disclosed values are listed below.

1. 1. Earthport, United Kingdom
Visa, $252.0 mil.
2. 2. Plaid, United States
Series C, $250.0 mil.
3. 3. Earnin, United States
Series C, $125.0 mil.
4. 4. Danal, South Korea
Boku, $112.0 mil.
5. 5. Cross River Bank, United States
Venture round, $100.0 mil.

Full access to the Investments & Acquisitions—December 2018 table is available when you subscribe to The Nilson Report.


Citi Rewards+ Credit Card

Every purchase made with the Citi Rewards+ Mastercard credit card rounds up to the nearest 10 ThankYou Points. This means if cardholders spend $4 they earn 10 ThankYou Points instead of 4. The no-annual-fee card also gives cardholders 10% of their points back for the first 100,000 ThankYou Points redeemed per year.

Cardholders earn 2 ThankYou Points per $1 spent at supermarkets and gas stations (on up to $6,000 in purchases per year) and 1 ThankYou Point per $1 spent on all other purchases.

Other features of the card include 15,000 ThankYou Points after spending $1,000 in purchases within the first three months of opening an account. Those bonus points are redeemable for a prepaid card with $150 in value. Citi is the second largest U.S. general purpose credit card issuer and the largest issuer of Mastercard credit cards. 

The Citi Rewards+ credit card replaces the Citi ThankYou Preferred Card, which has stopped accepting applications.

Chris Fred is Head of Proprietary Products at Citi in New York, (845) 781-6257,,

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