The Nilson Report

Issue 1145 | Jan 2019


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FEATURED COMPANIES

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.

POSTED JAN 17, 2019 | PRINT

EMV Solution for Gas Pumps

Merus Capital, a Silicon Valley-based early-stage venture capital firm, has invested $1 million in Gas Pos to execute a plan for gas pump upgrade technology that independent retailers need to become EMV-compliant. Independent gasoline stations account for 55% to 60% of the 120,000 total outlets in the U.S.

EMV regulations call for all gas stations to install chip-reading pumps by October 2020. However, the per-station costs are high. 

Replacing automated fuel dispensers (AFDs) can cost $25,000 to more than $150,000 for each retail location depending on the number of pumps. Locations owned by gasoline marketers ExxonMobil, Shell, Chevron, etc. can be expected to be EMV-compliant on time. 

However, the financial hit on smaller independent retailers can be expected to result in tens of thousands of locations missing the deadline. 

Gas Pos offers a POS system integrated with existing hardware and software. It is a hybrid cloud-based service that utilizes a dashboard. All data is gathered at the location and then pushed to the cloud. 

There is no capital expenditure for the retailer. Instead, they will pay $149.95 per month plus 2.5% and 10¢ per transaction. 

Gas Pos estimates that 80% to 90% of all independent gasoline retailers are candidates for its products. 

Currently, Gas Pos is facilitating $1 million a month in card payments and is growing at 17% month-over-month. 

Joshua Smith is CEO at Gas Pos in North Little Rock, Arkansas, (205) 948-7523, josh.smith@gaspos.co, www.gaspos.co

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